Standchart eSaver

[Mickey01]

Ok Oct put inside Maybank iSavvy for 2.1% Then 1 Nov move into eSaver for 2%. That is unless CIMB or SIF come out better offer tomorrow.

1. esaver is a 2 month promo (Oct & Nov) with a base of 0.05% and bonus for incremental ADB at 1.95%
2. Isavvy is a 4 month promo (Oct to Jan 2023) with ref month always Sep 2022 and a bonus for incremental ADB at 2.1%. You still have to add your base interest to this 2.1% depending on your account balance ranging from 0.15% to 0.40%. You need not musical chair for 4 months unless you have better offers.

 

[Guojing88]

Ok Oct put inside Maybank iSavvy for 2.1% Then 1 Nov move into eSaver for 2%. That is unless CIMB or SIF come out better offer tomorrow.

The iSavvy promotion is until Jan 2023 correct? Why move in 1 Nov?

 

[CaptainWu]

https://www.sc.com/sg/save/savings-accounts/esaver/
esaver oct to nov promo .... 2%

Great, meaning those with invitation before also enjoy the same.

 

[sohguanh]

The iSavvy promotion is until Jan 2023 correct? Why move in 1 Nov?

You are correct I reread the TnC downloaded. They compare against Sep ADB so no need shift just keep adding unless you find better lobang

 

[sohguanh]

1. esaver is a 2 month promo (Oct & Nov) with a base of 0.05% and bonus for incremental ADB at 1.95%
2. Isavvy is a 4 month promo (Oct to Jan 2023) with ref month always Sep 2022 and a bonus for incremental ADB at 2.1%. You still have to add your base interest to this 2.1% depending on your account balance ranging from 0.15% to 0.40%. You need not musical chair for 4 months unless you have better offers.

iSavvy is much better and longer period. 2.1% + prevailing rate and all months reference Sep 2022 ADB. Thanks.

 

[Devilsire]

iSavvy is much better and longer period. 2.1% + prevailing rate and all months reference Sep 2022 ADB. Thanks.

Sadly those whom participated for the 1.8% wont be eligible for it.
But luckily still have esaver invite 2.2% 5 month promo (Oct to Feb23) with a base of 0.05% and bonus for incremental ADB at 2.15%

 

[sohguanh]

Sadly those whom participated for the 1.8% wont be eligible for it.
But luckily still have esaver invite 2.2% 5 month promo (Oct to Feb23) with a base of 0.05% and bonus for incremental ADB at 2.15%

Good still haven't see action from CIMB and SIF yet. Patience is a virtue

 

[maumu]

Sadly those whom participated for the 1.8% wont be eligible for it.

why so?

 

[magicming]

why so?

I think it’s more because their sept ADB will be high for the 1.8%. So incremental amount for Oct will be low. I only think that’s what is meant.

lucky I moved most of my Maybank money out to RHB and then SCB when I received the 2.2% invite. So can fruitfully participate in Maybank Oct promo.

 

[Devilsire]

I think it’s more because their sept ADB will be high for the 1.8%. So incremental amount for Oct will be low. I only think that’s what is meant.

lucky I moved most of my Maybank money out to RHB and then SCB when I received the 2.2% invite. So can fruitfully participate in Maybank Oct promo.

Yes. Basically i'll be moving some out from maybank isavvy today to activate SCB's 2.2% invite, and transfer all of rest into SCB tomorrow (to minimise lowering maybank's isavvy 1.8% interests based on ADB for Sept) while waiting for SSB, T-bill or any other better offers to be announced. Hearsay SSB projection likely to beyond 3%

 

[maumu]

I think it’s more because their sept ADB will be high for the 1.8%. So incremental amount for Oct will be low. I only think that’s what is meant.

oh.. heng I put inside RHB instead for Sep so the ADB for eSaver is still relatively low ($1000)...

but anyway, iSavvy wins this round with their 2.1% + prevailing rate until Jan'23.

 

[magicming]

oh.. heng I put inside RHB instead for Sep so the ADB for eSaver is still relatively low ($1000)...

but anyway, iSavvy wins this round with their 2.1% + prevailing rate until Jan'23.

Yes. Isavvy this time not bad. Upto 2.5%. And they pay all within 10 Biz days. Although HSBC ega can get more interest for the Oct cycle, I find it confusing to monitor. And by time the various bonus Interest is paid, perhaps months later, I am just super confused. Honestly, I also don’t know how to check.

 

[maumu]

Yes. Isavvy this time not bad. Upto 2.5%. And they pay all within 10 Biz days. Although HSBC ega can get more interest for the Oct cycle, I find it confusing to monitor. And by time the various bonus Interest is paid, perhaps months later, I am just super confused. Honestly, I also don’t know how to check.

yes HSBC EGA needs to monitor cos their cycles can be confusing and they only pay the bonus interest two months later.. not for the faint hearted.

am parking with them for October cos still under their Aug - Nov cycle at 3% (0.05% + 1% + 1.95%). then November shift back to RHB. December will be interesting... plenty of options (see whether eSaver can up somemore and beat iSavvy's +2.1% or maybe EGA's 3.5% will remain king).

 

[Panerex]

yes, note that the $100k need to be an increment from Aug ADB too iirc


Sent from Poco F3 using EDMWER app!

Thanks for the information. by the way, may I know for this promotion, is it always comparing against August ADB? thanks

 

[Devilsire]

Thanks for the information. by the way, may I know for this promotion, is it always comparing against August ADB? thanks

yup reference month is fixed. same like iSavvy's reference mth being SEP ADB

 

[magicming]

yes HSBC EGA needs to monitor cos their cycles can be confusing and they only pay the bonus interest two months later.. not for the faint hearted.

am parking with them for October cos still under their Aug - Nov cycle at 3% (0.05% + 1% + 1.95%). then November shift back to RHB. December will be interesting... plenty of options (see whether eSaver can up somemore and beat iSavvy's +2.1% or maybe EGA's 3.5% will remain king).

For the HSBC EGA, the 1% how u get? Is it for the whole incremental balance for all 4 months, same like for the 1.95%? Thanks in advance.

 

[maumu]

For the HSBC EGA, the 1% how u get? Is it for the whole incremental balance for all 4 months, same like for the 1.95%? Thanks in advance.

It's based on incremental ADB from previous month.

 

[magicming]

It's based on incremental ADB from previous month.

Thanks for your reply. So it’s the max $300 based on doing 5 transactions out of EGA. And only useful for one month. Unless u keep on increasing ADB each successive month. Yes. It is useful for Oct. And then in Nov can transfer all out to RHB. Good strategy.

 

[Panerex]

For those of you who are entitled to the 2.2% promotion, may I know if you have received the bonus interest in your esaver account? I have so far only received the base but not the bonus interest. thanks.

 

[Jazzbie]

Thanks for your reply. So it’s the max $300 based on doing 5 transactions out of EGA. And only useful for one month. Unless u keep on increasing ADB each successive month. Yes. It is useful for Oct. And then in Nov can transfer all out to RHB. Good strategy.

I think I read it is max $800 now for the bonus 1%?