Today is the 7 Apr. So if i open and put money tomorrow. When will I receive the interest? The promotion is 2 months. Which means. There will only be a month you get the 2%?
If that's the case I get interest from other bank first. Then 1 of May I transfer. End of May I get interest. I move away again?
SC always give interest on the last day of the month (latest is 1st day of next month).
You will enjoy 2% for both Apr and May, the 2% is Per Annum and Interest is based on ADB.
You can refer to the below pdf, there is sample computation at point 10. You can change the amount and number of days to the number of days left in April (Depending on when you opening the account and the deposit value date).
https://av.sc.com/sg/content/docs/sg-esaver-tnc.pdf
Last edited: