HSBC Step Up Promo

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cybercom8

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In my personal opinion,
to maximise this, should register and put 100k ADB, and use 500$ debit card, so this 100k gets min 2.2%
any excess above this 100k will only get 1.55% max, so no point.
put all others in esaver for 1.7%

above applies only after whichever can and already utilise at BOC Smartsaver 60k ( 3.55% ), MB Save-up 50k ( 3% ), UOB One 50k ( 2.43% ) , OCBC 60k ( 3.25% with increment, 2.25% without ) and/or Stanchart Bonussaver 100k ( btw 2.05 to 3.05% )

thought if want the free air tickets, need to deposit $200k min.?
 

savinmax

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thought if want the free air tickets, need to deposit $200k min.?

only new Premier customers qualify, and you need to keep that minimum amount there for 90days.
besides, tix not so worth ( http://forums.hardwarezone.com.sg/104039123-post34.html), unless u always go hk n need find accomodation etc

Doesn't HSBC Advance Accounts also qualify? You don't need $200k for Advance.
I totally agree, difference only 0.05%, so get 2.2% instead of 2.25% for 100k when card use is achieved
and only need maintain 30k, and drop below fee is only $10.
besides, if you keep zero, I think they dont charge, as indicated by oceanicmanta
 

savinmax

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How you get salary crediting for so many account?

I think you asked before, and another forumer mentioned he did it for 3 accounts ( BOC, OCBC and MB )

possible depending on nett salary, and good assistance from payroll staff of your company. if 4k, can do 2 accounts ( BOC and MB ), if 6k, can do 3 accounts ( BOC, MB and OCBC ). need min 9.5k to do Bonussaver as well.

UOB, esaver and HSBC stepup not necessary for salary credit to get, as you would know too.

hence as indicated, whichever can be done. If your own company also easy to do. But must be legit salary of course, as CPF is payable on whatever is declared.
 

SoulEraser

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adding on, alternate ocbc 360 to maximise. dbs multiplier also 2.08% eir pa. can also leave 10k inside citi maxi don't touch for backup.

average(3.55%, 3.13%, 3.25%, 3%, 2.43%, 2.08%) ~ 2.9% just near enough to combat inflation
 

oceanicmanta

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looking back now, Advance would have worked better for me, with just 100k
air tics not so impt ... anyways, it is what it is.

splitting salary quite hard to get HR's nod in reality
 

868888

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artician, for hsbc if initial deposit date was 2 Aug, would you withdraw out on 1 Nov or 31 Oct? does hsbc calculate interest till end of mth basis or beginning from the date of deposit? Thks.
 

arctician

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artician, for hsbc if initial deposit date was 2 Aug, would you withdraw out on 1 Nov or 31 Oct? does hsbc calculate interest till end of mth basis or beginning from the date of deposit? Thks.

1st nov before 2pm, and drop cheque before 3.30pm on same day to other high yield acct..anything from 1st nov onwards zero interest
 

868888

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1st nov before 2pm, and drop cheque before 3.30pm on same day to other high yield acct..anything from 1st nov onwards zero interest

Ok thanks very much. I am using FAST out, and thot I have to hold it past 1 Nov midnight (3 mths, falling to 2 nov).
 

oceanicmanta

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We left $1 in my SO's premier account for Sep.
The system auto deducted $1 as Prem Svc fee.
FYI. You know what to do.
 

beautyseek

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I am planning to move funds out on 1 Nov and need to move to SO's (to continue to benefit from the bonus rate).

I can FAST out of HSBC but the problem is that most banks have daily transf limit of $50K. So my receiving bank cannot FAST everything into SO's acct on same day.

How do u all move everything quickly? I am thinking of writing a chq from my receiving bank on 1 Nov and bank into SO's HSBC before 2pm. There will be loss of 1 day. Any faster way?

Also, i checked the interest crediting dates and other than the basic interest which is usu on 24 every mth, the step up and spend bonus interests all fall on different dates for the past 2 months..and my SO's and my acct also diff dates. How do u guys clear out interests on same day (since we cannot tell which day interest will be credited)? Anyway to set notification sms? Cannot be everyday log in to check right?
 
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tmkedmw

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I am planning to move funds out on 1 Nov and need to move to SO's (to continue to benefit from the bonus rate).

I can FAST out of HSBC but the problem is that most banks have daily transf limit of $50K. So my receiving bank cannot FAST everything into SO's acct on same day.

you can FAST out of HSBC into multiple banks. Most bank priority account have daily xfer limit of $100k. eg if u have 3 receiving banks, you can move upto $300k into your SO acct on the same day.

How do u all move everything quickly? I am thinking of writing a chq from my receiving bank on 1 Nov and bank into SO's HSBC before 2pm. There will be loss of 1 day. Any faster way?

If u had FAST into one receiving bank on 1st Nov, u can issue a cheque from your receiving bank on 1 Nov to HSBC. The value date for HSBC shld be 1 Nov as long as it is not a late cheque, in other words, no loss of 1 day.

Also, i checked the interest crediting dates and other than the basic interest which is usu on 24 every mth, the step up and spend bonus interests all fall on different dates for the past 2 months..and my SO's and my acct also diff dates. How do u guys clear out interests on same day (since we cannot tell which day interest will be credited)? Anyway to set notification sms? Cannot be everyday log in to check right?

Set sms notification alerts when $ is credited.
 

beautyseek

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SO and I did not receive the Step Up Bonus 0.7% for Debit Spend (which usually come in on last day of month -31 Oct) altho we charged online air ticket purchases to the card.

Sianz of monitoring. HSBC has a weird unpredictable way of crediting interest.
 

Squaredot

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my bonus interest credited today (for Oct) is totally off :s11:
anyone in same shoes?
 
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