GXBank has shared an update on its ongoing GX Raya Bonus Interest promo, stating that it has now reached its allocated deposit campaign cap of RM1 billion. This means that subsequent deposits from customers will no longer be entitled to the promotional 5% p.a. daily interest rate under the campaign, but will instead receive the usual 3% p.a. daily interest.

“The campaign is now oversubscribed! New Savings Pockets created from 23 April onwards will enjoy 3% daily interest. Existing Savings Pockets will continue to enjoy the promotional 5% p.a. daily interest until the end of the campaign period,” GXBank stated in an email sent to users.

The digital bank also thanked users for their support and trust, and urged them to always practise safe banking habits. Among other things, it stressed that GXBank will never send any SMS or email containing a link to internet banking or request its users to disclose personal banking information. Additionally, it advised users to contact the bank immediately if they suspect that their details have been compromised or if they have detected unauthorised transactions.

For context, GXBank’s Raya Bonus Interest campaign – which drew plenty of attention from the public – allowed customers to earn 5% p.a. daily interest on deposits that are made through its Pockets feature (calculated as 3% base interest and 2% bonus Raya interest). Originally set to run from 10 April to 9 May 2024, it also had a maximum capping of RM1 billion on the total deposit placements that are accepted on a first-come first-served basis.

• TAGS:
• Digital Bank
• Digital Banking
• Digital Banks
• GXBank
• GXBank Pockets
• Hari Raya
• Hari Raya Aidilfitri
• Hari Raya Campaigns
• Promotional Campaigns