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Old 03-10-2016, 01:53 PM   #1
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HSBC Step Up Promo

think appropriate to start new thread ... suspect it's gonna be a continuing promo from HSBC

to start ... anyone received Sep's 1.8% yet


NEW CLIENT T&C https://www.hsbc.com.sg/1/PA_ES_Cont...p_Oct_2016.pdf

Existing Premier T&C
https://www.hsbc.com.sg/1/PA_ES_Cont...t_Oct_2016.pdf

Existing Premier sign-up https://www.apps.asiapacific.hsbc.co...c-msv-campaign

from this site https://www.hsbc.com.sg/1/2/premier
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Last edited by oceanicmanta; 06-10-2016 at 08:54 PM.. Reason: added relevant links for current promo
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Old 03-10-2016, 01:57 PM   #2
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think appropriate to start new thread ... suspect it's gonna be a continuing promo from HSBC

to start ... anyone received Sep's 1.8% yet
suspect? i thought someone already posted the signup forms for the new promo starting october?

waiting for the electronic signup. hsbc still hasnt updated their website
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Old 04-10-2016, 01:20 PM   #3
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1.8% bonus interest (for new accounts) is in

continuing as in after current promo ends, they will roll out another round ... like eSaver

Last edited by oceanicmanta; 04-10-2016 at 01:31 PM..
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Old 04-10-2016, 01:25 PM   #4
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1.8% bonus interest (for new accounts) is in

continuing as in 3mths later, will roll out another round ... like eSaver
Any idea if they give referral fee ?
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Old 04-10-2016, 11:21 PM   #5
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e-form is updated for october. it's time to sign-up online.

https://www.apps.asiapacific.hsbc.co...c-msv-campaign
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Old 05-10-2016, 09:13 AM   #6
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a little confusing with so many promos...

does this work the same as scb esaver? if yes, what is the maximum deposit amount entitled to the bonus interest?

and the final noob question...what is the bonus interest rate?
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Old 05-10-2016, 10:41 AM   #7
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a little confusing with so many promos...

does this work the same as scb esaver? if yes, what is the maximum deposit amount entitled to the bonus interest?

and the final noob question...what is the bonus interest rate?
see http://www.hsbc.com.sg/1/PA_ES_Conte...rest-Oct16.pdf
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Old 05-10-2016, 11:41 AM   #8
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So Advance customer can get 2.2%? Seems better than eSaver at 1.6%. Except HSBC is only on the top-up amt...
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Old 05-10-2016, 11:58 AM   #9
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So Advance customer can get 2.2%? Seems better than eSaver at 1.6%. Except HSBC is only on the top-up amt...
ESaver also only on fresh funds
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Old 05-10-2016, 12:57 PM   #10
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Min amount for new Premier = 200k
First 100k gets 2.25% (1.55% + 0.7% with $500 debit card spend)
Remaining up to 1.1m gets 1.55%
Base interest is tiered ... around 0.06% pa depending on amount placed

Effective interest for 200k is about 1.96%

The higher the amount placed, the lower the EIR.

Current referral rewards & Welcome Rewards are 2 CX Econ tics to HK (tax not included). Some periods change to RWS hotel stay. Need to hold 200k for 90 days.

New clients auto included in above promo. Existing clients must register.

All the above subject to other T&C's.
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Old 05-10-2016, 01:00 PM   #11
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I wonder whether we need to do "in and out" of Advance like eSaver. Or maybe 1 period Advance another period eSaver (since it is uncertain if you can have 2 Advance account)
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Old 05-10-2016, 01:06 PM   #12
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Min amount for new Premier = 200k
First 100k gets 2.25% (1.55% + 0.7% with $500 debit card spend)
Remaining up to 1.1m gets 1.55%
Base interest is tiered ... around 0.06% pa depending on amount placed

Effective interest for 200k is about 1.96%

The higher the amount placed, the lower the EIR.

Current referral rewards & Welcome Rewards are 2 CX Econ tics to HK (tax not included). Some periods change to RWS hotel stay. Need to hold 200k for 90 days.

New clients auto included in above promo. Existing clients must register.

All the above subject to other T&C's.
thanks for the nice summary...decided to stick with scb for now as seems like a lot of work, especially have to track spending on debit card for 3 months for the incremental interest...if hsbc had maintained the bonus interest at 1.8% instead of 1.55%, then will be a better incentive to do all the legwork haha
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Old 05-10-2016, 02:14 PM   #13
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agree eSaver is a much simpler product & more flexible

previous rate was attractive, this one only so so

i also just go where it makes most sense
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Old 05-10-2016, 02:49 PM   #14
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Actually at 1.55% you don't need to do any monitoring of debit card spending. If you want to put in the additional effort, you get 2.25% and not 1.55%.

thanks for the nice summary...decided to stick with scb for now as seems like a lot of work, especially have to track spending on debit card for 3 months for the incremental interest...if hsbc had maintained the bonus interest at 1.8% instead of 1.55%, then will be a better incentive to do all the legwork haha
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Old 05-10-2016, 03:25 PM   #15
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So is this a good to take or go?
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