RHB High Yields Savings account

Extremme

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why dont you look at the worked examples at CASA-Promotion ? dont just glance through, follow the workings from 1 Aug all the way to 30 Nov.
I tried and I also called the CSO and thats why I am confused too...CSO tried to calculate and he said every month will have 3% on the new fresh funds when I gave him the below parameters

1 Sept: $100k
1 Oct: new $50k
1 Nov: New $50k

Total 200k

But I told him to check the CASA promo page, for Nov, there is no bonus interest even though there was fresh funds of $500k but why did he tell me the 3% is on every new fresh funds for these 3 months.

Everyone seems to have different interpretation
 

oceanicmanta

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I tried and I also called the CSO and thats why I am confused too...CSO tried to calculate and he said every month will have 3% on the new fresh funds when I gave him the below parameters

1 Sept: $100k
1 Oct: new $50k
1 Nov: New $50k

Total 200k

But I told him to check the CASA promo page, for Nov, there is no bonus interest even though there was fresh funds of $500k but why did he tell me the 3% is on every new fresh funds for these 3 months.

Everyone seems to have different interpretation

FF for Sep = 100k gets Bonus 3%
FF for Oct n Nov = 50k get Bonus 3% in each month
 

sohguanh

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I tried and I also called the CSO and thats why I am confused too...CSO tried to calculate and he said every month will have 3% on the new fresh funds when I gave him the below parameters

1 Sept: $100k
1 Oct: new $50k
1 Nov: New $50k

Total 200k

But I told him to check the CASA promo page, for Nov, there is no bonus interest even though there was fresh funds of $500k but why did he tell me the 3% is on every new fresh funds for these 3 months.

Everyone seems to have different interpretation
We are coming to the end of Sep and this has been discussed to death. Not only this question but question like open in Sep new account Aug ADB is void or 0 etc etc. All different interpretation even from the RHB CSO, RM etc. Oldbird in this thread say make your decision and move on. Have will have don't have then don't have as you made the final call and you take full responsibility for your monies. I move on come back in Nov 2022.
 

alt2015

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Hi anyone tried logging in through online banking . Asked to confirm secure word , but there isn’t any when I open the accounts .
how?
 

Goodintentions

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I tried and I also called the CSO and thats why I am confused too...CSO tried to calculate and he said every month will have 3% on the new fresh funds when I gave him the below parameters

1 Sept: $100k
1 Oct: new $50k
1 Nov: New $50k

Total 200k

But I told him to check the CASA promo page, for Nov, there is no bonus interest even though there was fresh funds of $500k but why did he tell me the 3% is on every new fresh funds for these 3 months.

Everyone seems to have different interpretation
Are you sure you are gonna put in ONLY $100K in Sept, put in a bit more to get above 100K then you can get the next tier of basic interest rate.
 

maumu

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I tried and I also called the CSO and thats why I am confused too...CSO tried to calculate and he said every month will have 3% on the new fresh funds when I gave him the below parameters

1 Sept: $100k
1 Oct: new $50k
1 Nov: New $50k

Total 200k

But I told him to check the CASA promo page, for Nov, there is no bonus interest even though there was fresh funds of $500k but why did he tell me the 3% is on every new fresh funds for these 3 months.

Everyone seems to have different interpretation

suggest you do the following:
1 Sept: pump in $200k (if you didn't already...)
1 Oct: withdraw and leave $1 (or if really want... $0.01)
1 Nov: pump back in $200k

thank me later :grin:
 

Cookie Muncher

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suggest you do the following:
1 Sept: pump in $200k (if you didn't already...)
1 Oct: withdraw and leave $1 (or if really want... $0.01)
1 Nov: pump back in $200k

thank me later :grin:
like that get 2 months of interest only right
 

a4973

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I tried and I also called the CSO and thats why I am confused too...CSO tried to calculate and he said every month will have 3% on the new fresh funds when I gave him the below parameters

1 Sept: $100k
1 Oct: new $50k
1 Nov: New $50k

Total 200k

But I told him to check the CASA promo page, for Nov, there is no bonus interest even though there was fresh funds of $500k but why did he tell me the 3% is on every new fresh funds for these 3 months.

Everyone seems to have different interpretation
Then put FD easier to understand and less stress.
 

Extremme

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suggest you do the following:
1 Sept: pump in $200k (if you didn't already...)
1 Oct: withdraw and leave $1 (or if really want... $0.01)
1 Nov: pump back in $200k

thank me later :grin:
If I put in another 100k now , it’s left with a few days to oct. It will just count the interest for that few days only right
 

maumu

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If I put in another 100k now , it’s left with a few days to oct. It will just count the interest for that few days only right
yep. but it's better than nothing because that 100k is getting the high interest now if you pump in.

just need to empty out next month (leave 1 cent?) and reload again in November..
 

3XTR3M1ST

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Can straight away apply for premier account and put in 100k to get the same 1.5% as the normal High Yield Savings? What’s the difference besides the rates and and tiers?
 

3XTR3M1ST

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Can straight away apply for premier account and put in 100k to get the same 1.5% as the normal High Yield Savings? What’s the difference besides the rates and and tiers?
Assuming I get my account ready next week, what’s the best plan to maximize yield for this promo?
 

ice_angel

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We have both a personal HYSA and a joint HYSA at the same time right?
Then we can get 3 months of 4.5% interest instead of 2 months of 4.5%.
 

3XTR3M1ST

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yep. but it's better than nothing because that 100k is getting the high interest now if you pump in.

just need to empty out next month (leave 1 cent?) and reload again in November..
Is it same if I let it sit for last few days of Sept +whole of Oct, then take out in 1nov (hopefully by then other Bank got better promo)
 

ice_angel

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4.5% is only for the > 100k tier.
I know.. With daily transfer limit at 200K, we can put in 400K, 600K without too much hassle to transfer out.

What I want to find out is if any existing RHB customers here holds both personal and joint account, and has experience playing the merry-go-round game between the 2 accounts (via another bank of course).
 

Goodintentions

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I know.. With daily transfer limit at 200K, we can put in 400K, 600K without too much hassle to transfer out.

What I want to find out is if any existing RHB customers here holds both personal and joint account, and has experience playing the merry-go-round game between the 2 accounts (via another bank of course).
Why don't you just partner up with someone you trust, and back and forth between two different HYSA accounts, I assume since you already got joint, you have someone to pair up with. Much simpler.
 

dango_daikazoku

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Anyone planning to put in 200k? Is it possible to do a 3 name joint account so that the SDIC protection is 210k ?
 
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