Standchart eSaver

mdax23

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From now till 31 July 2015, enjoy up to 1.40% p.a interest on eligible balance of up to S$1 million with no lock-in period and no minimum deposit, when you bring in incremental fresh funds* (compared to May 2015’s average daily balance).

Can I know for this promotion, the incremental balance is always calculated against the base month of May 2015 (Jun vs May), (July vs May) or against the previous month (Jun vs May), (July vs Jun) ?
 

Perisher

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From now till 31 July 2015, enjoy up to 1.40% p.a interest on eligible balance of up to S$1 million with no lock-in period and no minimum deposit, when you bring in incremental fresh funds* (compared to May 2015’s average daily balance).

Can I know for this promotion, the incremental balance is always calculated against the base month of May 2015 (Jun vs May), (July vs May) or against the previous month (Jun vs May), (July vs Jun) ?

Not always May, but it's always the designated month they published. It changes every few month.

Currently, it's as per your example, June vs May ADB and July vs May ADB.
 

naro

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How i know which promo one is on? The previous mth promotion is for mth of may and jun vs apr.
 

Perisher

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How i know which promo one is on? The previous mth promotion is for mth of may and jun vs apr.

They will update... even send sms and letter... Anyway, it's roughly every 2 month they will change to a new benchmark month. e.g. Apr benchmark May and Jun. Jun benchmark July and August. August benchmark Sept and Oct.

That's the rough idea but no one here can answer you which month will be use as benchmark as it's up to the bank, remember it's a promo.
 

mdax23

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How i know which promo one is on? The previous mth promotion is for mth of may and jun vs apr.

They will update... even send sms and letter... Anyway, it's roughly every 2 month they will change to a new benchmark month. e.g. Apr benchmark May and Jun. Jun benchmark July and August. August benchmark Sept and Oct.

That's the rough idea but no one here can answer you which month will be use as benchmark as it's up to the bank, remember it's a promo.

sibei confuse. I thought promo always benchmark odd month. Got may & jun vs apr one meh?
 

Panerex

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They will update... even send sms and letter... Anyway, it's roughly every 2 month they will change to a new benchmark month. e.g. Apr benchmark May and Jun. Jun benchmark July and August. August benchmark Sept and Oct.

That's the rough idea but no one here can answer you which month will be use as benchmark as it's up to the bank, remember it's a promo.

Thanks for the info
 

K|muRa^84

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if i open an account in July and deposit funds into it, will i still be eligible for the bonus interest?
 

henrylbh

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Looks like the next promotion will be fresh funds deposited in Aug to 30 Sep compared with average daily balance in Jul.

Cannot meet present promo from Jun to 31 Jul compared to May average daily balance as I got too much in May and not easy to increase my balance in Jun and Jul. So now moving fund from SCB to Cimb to keep my Jul balance as low as possible for the next promo :s13:
 

more3cm

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Looks like the next promotion will be fresh funds deposited in Aug to 30 Sep compared with average daily balance in Jul.

Cannot meet present promo from Jun to 31 Jul compared to May average daily balance as I got too much in May and not easy to increase my balance in Jun and Jul. So now moving fund from SCB to Cimb to keep my Jul balance as low as possible for the next promo :s13:

They may just extend the current promo for 2 more months, baseline still May's ADB
 

wts2013

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Looks like the next promotion will be fresh funds deposited in Aug to 30 Sep compared with average daily balance in Jul.

Cannot meet present promo from Jun to 31 Jul compared to May average daily balance as I got too much in May and not easy to increase my balance in Jun and Jul. So now moving fund from SCB to Cimb to keep my Jul balance as low as possible for the next promo :s13:

why not move to ocbc360 for 1%?
 

wts2013

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we have already shared the best strategy to play this esaver game in other old esaver threads, hahaha
 
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