4% rate got any capping?

EDIT: Magic numbers below are useless because Ryt is using residual balances. On Day 1 it will seem like rounding up works, but on Day 2 it wont round up. So end results is it evens out..

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Magic numbers for you all, based on my understanding.
Will need to confirm the results later..

#1 Ryt Savings Account = 60.84 * 3% / 365 = 0.005 = 0.01

#2 Save Pockets (total 10, for a combined sum of 20k)
20,000 * 1% / 365 = 0.547 = 0.55 is the limit.

So max needed is 0.545 * 365 / 1% = 19892.5 <<< this is the amount needed to be divided across all 10 pockets.
Break it down as follows:
1) Ryt Pocket (aka Pocket 1) = (any amount up to) 19344.94 * 3% / 365 = 1.589 = 1.59
2) Pockets 2-10 = (fixed amount) 60.84 * 3% / 365 = 0.005 = 0.01 x9 = 0.09

Total sum in pockets = 19344.94 + (60.84 * 9) = 19892.5
Total sum in ryt account = 19892.5 (10 pockets) + 60.84 (main) = 19953.34

Final interest gain amounts:
~ 1% bonus = 0.55
~ 3% base = 1.59 + 0.09
=2.23
+ 1 cent from ryt savings account = 2.24 daily for 19953.34 total amount in entire ryt account.

conventional: 19953.34 * 4% /365 = 2.19. Follow my steps and you can get extra 5 cents daily..

This post has been edited by Optizorb: Aug 20 2025, 01:39 PM

Noice their interest crediting very very early.. And can confirm this works

No matter the amount as long as below 20k, will confirm get extra 5 cents daily with magic numbers.

This post has been edited by Optizorb: Aug 19 2025, 12:23 AM

Ahh yes, i ter-follow my naming scheme. Cause ryt pocket is pocket 0, so my own pocket i start naming from 1-9

This post has been edited by Optizorb: Aug 19 2025, 12:33 AM

False. False. False. False.

yup. we create 9 pockets on our own.

Main savings account and Ryt pocket are incorrect.

The other pockets are correct. Just follow what I have given.

I already confirmed it.


you are overcomplicating things dy bro..
Dont need to care until 6-7 decimal places all la..

Just do the usual, round it up at 3rd decimal place..



This post has been edited by Optizorb: Aug 19 2025, 01:06 PM

Yes counted separately. 3% base interest is its own calculations, and 1% bonus interest is calculated separately..

Main account + ALL pockets = base rate of 3%. That is why 60.84 works.

1% bonus rate for savings pocket = sum of all pockets



This post has been edited by Optizorb: Aug 19 2025, 01:13 PM

Can. But if you have somewhere else to park the 10k+ will be better. Either Atlas for 3.88% or GO+ for 3.3%..

If dont have those or already maxed out those, then yeah can put in main account for daily 3% base rate..

Need someone who placed 60.84 in saving pocket the day before yesterday and gotten 1 cent, to confirm whether today received 1 cent?

and

Need someone who placed 182.50 in saving pocket the day before yesterday and gotten 2 cent, to confirm whether today received 2 cent?



This post has been edited by Optizorb: Aug 20 2025, 01:23 AM

Yesterday you put 60.84 in main pocket, didn't put any in savings pocket. Received 1 cent in main pocket, correct?
and today you leave 60.84 in main pocket, while you put 60.84 in each savings pocket. Received 1 cent in each savings pocket but not 1 cent in main pocket, correct?


Then this sort of confirms my suspicions that magic numbers might not work at all.. Cause they go by residual balance..

So if Day 1 (60.84 x 3% /365 = 0.005 = 0.01 interest) gets rounded up.. Your balance now becomes -0.005 actually..
Then Day 2 (60.85 x 3% /365 = 0.005 + (-0.005)= 0.00 interest) it doesn't get rounded up and no interest earned on day 2.
And on Day 3 it will follow Day 1 again and the process starts all over..

What I'm surprised by this is that Ryt choose to "upfront" you the first round up..

anyway will need to wait confirmation from those that put 182.50 in day 1 and received 2 cents, whether their day 2 still receive 2 cents or become 1 cent dy due to the residual balance thing..

This post has been edited by Optizorb: Aug 20 2025, 02:48 AM

So guess its confirmed no magic number advantages with Ryt..

wow exactly like what I said then, that Ryt upfronts you the first round up on Day 1.. Other ewallets or banks usually on Day 2 only we will get the 1 cent.

anyway for those who had pockets already dont so fast close first. Yesterday is the 2nd day and didn't receive the round up right.. Means today is the 3rd day and will be receiving the round up again.. So leave it for today, close it or transfer all to 1 pocket tomorrow onward.

For those of you who yesterday is Day 1, then today can close/transfer all into 1 pocket.

Lol just as i suspected... There would be a glaring flaw in the way Ryt deals with the daily interest..

#1 Because they use a residual balance system, and calculate each savings pocket separately. Theoretically each savings pocket has/follows its own ledger
#2 They upfront you the first round up

Results:
#3 If you were to create 9 pockets named 1-9 on Day 1 with 60.84 deposit and received 1 cent in each pocket for a total of 9 cents..
Then on Day 2, close Pocket 1-9..Create another 9 pockets named 1A-9A on Day 2 with 60.84 deposit.. You will again receive 1 cent in each pocket, totaling 9 cents.

Keep creating and closing pockets and Ryt's residual balance system will be completely moot as it never catches up to you.
And this is just going to make their database/spreadsheets/tracking one huge giant mess.

Whether it's worth doing or not depends on whether you really really want that 4.5 cents gain.
60.84 * 9 = 547.56
Dumping it all into 1 pocket: 547.56 * 3% /365 = 0.045
Creating/Closing pockets daily to get the rounding: 547.56 * 6% /365 = 0.09

This post has been edited by Optizorb: Aug 21 2025, 01:08 AM

already tried. closed and open 9 pockets yesterday and gotten 9 cents today..

can do that for any amount that have rounding.

if you going to open/close pocket, then need to do every day not alternate day.. if alternate day it will be same like the default now..

you open and close every day cause you want to get a "fresh" pocket's ledger that starts on Day 1 with 0.00



This post has been edited by Optizorb: Aug 21 2025, 08:52 AM

For the same pocket, yes.

If your Day 1 is rounded down, the system keeps the residual balance record of it.. So on Day 2 you will get rounded up.

Well for some people it might be

Takes around 2-3 mins to close 9 pockets and open 9 pockets, and you get 4.5 cents for it

This post has been edited by Optizorb: Aug 21 2025, 10:47 AM

either that or they go by your declared income bracket..

maybe for now only offered to those who declared above certain income bracket