Boost Bank now offers 4pc p.a. daily interest, but here’s the catch

Boost Bank News

Boost Bank now offers 4pc p.a. daily interest, but here’s the catch
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KUALA LUMPUR, June 13 — Boost Bank has unveiled its latest digital bank promotion where users can enjoy a higher 4 per cent p.a. daily interest rate for the Savings Jar....

Boost Bank has unveiled its latest digital bank promotion where users can enjoy a higher 4 per cent p.a. daily interest rate for the Savings Jar. — SoyaCincau picKUALA LUMPUR, June 13 — Boost Bank has unveiled its latest digital bank promotion where users can enjoy a higher 4 per cent p.a. daily interest rate for the Savings Jar. Announced in, Boost Bank users can unlock the “Platinum President with Partner Benefits” tier which requires several steps and the usage of Boost eWallet.

Once you have the “Groceries Jar”, you can start earning 4 per cent p.a. daily interest on this Jar and you can deposit up to RM25,000. Take note that the 4 per cent p.a. promo is running until September 30, 2024.According to the T&C, this 4 per cent p.a. daily interest promo has a maximum cap of RM50 million on the total deposits received on a first come first served basis. It also mentioned that Boost Bank has no obligation to inform customers once the Maximum Cap is reached.

As a result, you will need to reload your Boost eWallet via other banks or debit cards before you can spend at Mydin and other participating merchants.The high interest rate on Boost is dependent on how much you maintain in your Boost Bank account. To retain the Platinum President tier in the following months, you must maintain a minimum balance of RM2,000 for at least 25 days within the calendar month.

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