Rize has announced that it will extend its deposit campaign till 31 December 2023. With this campaign extension, we would have more months to earn high interest. High interest rate In this deposit campaign, the first RM 5,000 is eligible to a profit rate of 5% p.a. The subsequent amount will get a profit rate …
I have just found out about this digital bank by Al Rajhi Banking & Investment Corporation (Malaysia) Bhd, the world’s largest Islamic bank. Commodity Murabahah Savings Account-i This is a fully digital and paperless bank. To open an account, we need to download its Rize app from App Store, Google Play or Huawei AppGallery. This …
Versa has announced that Versa Cash interest rate will increase to 4% per annum starting 1 November 2022 until 31 January 2023. The current interest rate is 3.2%. Terms and conditions The 4% interest rate only applies to the first RM 30,000 balance in the account. Any amount over this value will continue to earn …
Recently, I have received an email from Versa about its new interest rate. Versa Cash net interest rate now is 2.5% per annum, instead of 2.1%. This is effective from 1 August 2022. My return As on 9 August 2022, my return is 2.75% per annum, based on internal rate of return formula. This is …
I have been using Versa for more than six months. In this article, I am going to share my experience of using this digital cash management platform. My return As on 30 November 2021, my return is 1.95% per annum. I am using internal rate of return for the calculation. It is lower than the …
Three years have passed since my last article on P2P lending and a few new platforms are launched during this period, I think it is a good time to write an update now. In this P2P lending update 2021, I am going to introduce some newcomers that I have not covered on my blog. There …
Versa is a platform to save extra money with a decent interest rate akin to fixed deposit (FD) without the lock-in period. It is licensed by Securities Commission as a recognized market operator. How Versa Works? It channels the invested money to Affin Hwang Enhanced Deposit Fund, a money market fund. The interest is earned …
Rakuten Trade (RT) interest rate has dropped again on 7 July 2020, which is the fourth decrease in this year. This is in tandem with the reduction of the overnight policy rate (OPR) from 2.00% to 1.75% by Bank Negara Malaysia. New interest rate The interest rate now is 1.00% per annum. Referral link Below …
Rakuten Trade (RT) interest rate is reduced again on 5 May 2020. This is the third time of reduction in this year alone. It means that the interest on our cash account balance is going to reduce once more. Reason of reduction Bank Negara Malaysia (BNM) has announced the reduction of the overnight policy rate …
Not too long ago, I just shared that Rakuten Trade (RT) reduces its interest rate for the cash deposit on its platform. Starting 4 March 2020, it revises interest rate again. Reason of reduction Bank Negara Malaysia (BNM) has announced the reduction of the overnight policy rate (OPR) from 2.75% to 2.50% on 3 March …
