Standchart eSaver

[xoxozone]

Received as of 28 Jun..

Description 'SIGN-UP BONUS INTEREST FOR MAY23 (01 OF 6)'

All's good

What is the interest % based on this?

 

[AlvinDj]

What is the interest % based on this?

4% for 6months

 

[zeroX26]

Anyone received interest payout today with the description "Sign-up bonus interest interest for May23 (01 of 7)"? Im supposed to be on 4% for 6 months for the priority banking promotion but the amount of interest in today is like $40 nia.

 

[NTTDoCoMo]

Anyone received interest payout today with the description "Sign-up bonus interest interest for May23 (01 of 7)"? Im supposed to be on 4% for 6 months for the priority banking promotion but the amount of interest in today is like $40 nia.

Did you receive Bonus Interest on 31 May 2023?

Bonus Interest on 31 May 2023 + Sign-up bonus interest interest for May23 (01 of 7) should add up to 3.95%

I checked mine and it tally.

 

[zeroX26]

Did you receive Bonus Interest on 31 May 2023?

Bonus Interest on 31 May 2023 + Sign-up bonus interest interest for May23 (01 of 7) should add up to 3.95%

I checked mine and it tally.

For May I did receive both Bonus interest and Sign-up bonus, though the total amount seems a bit off as I was upgraded to Priority status halfway, so its quite confusing on how the interest % will be calculated. But I let it go since its not that big a sum that's diff. The RM subsequently confirmed that because of upgrade, I am eligible for 6 months of 4% from May till Oct.

 

[NTTDoCoMo]

For May I did receive both Bonus interest and Sign-up bonus, though the total amount seems a bit off as I was upgraded to Priority status halfway, so its quite confusing on how the interest % will be calculated. But I let it go since its not that big a sum that's diff. The RM subsequently confirmed that because of upgrade, I am eligible for 6 months of 4% from May till Oct.

My case is an existing eSaver Upgraded to Priority on the last week of May.

31 May Bonus Interest (Credited 31 May) is based on Incremental ADB of 3.75% (as published).

Sign-up bonus interest interest for May23 (01 of 7) is derived based on the below:

• [ADB (Non Incremental) * 3.95% / 365 * 31] - 31 May Bonus Interest

Sign-up bonus interest interest for May23 (01 of 7) was credited on 28 Jun.

Hope the above helps you.

 

[zeroX26]

My case is an existing eSaver Upgraded to Priority on the last week of May.

31 May Bonus Interest (Credited 31 May) is based on Incremental ADB of 3.75% (as published).

Sign-up bonus interest interest for May23 (01 of 7) is derived based on the below:

• [ADB (Non Incremental) * 3.95% / 365 * 31] - 31 May Bonus Interest

Sign-up bonus interest interest for May23 (01 of 7) was credited on 28 Jun.

Hope the above helps you.

So for the month of June did you get the interest in 2 separate sums or just 1 sum under "Sign-up bonus interest interest" ?

 

[NTTDoCoMo]

So for the month of June did you get the interest in 2 separate sums or just 1 sum under "Sign-up bonus interest interest" ?

June Interest not yet credited, June haven't finished, today is last day of Jun. Tomorrow then can check.

May Interest is Credited over 2 Interest Transactions, 31 May and 28 Jun.

The Jun public rate is 3.35% on incremental against May 2023 ADB, my Incremental ADB will result in a few dollars bonus interest which will be credited tomorrow morning with the date 30 Jun.

The remaining difference [Sign-up bonus interest interest for Jun23 (02 of 7)] will be credited in late Jul 2023.
Meaning Sign-up bonus interest interest for Jun23 (02 of 7) will be as below:

• [ADB (Non Incremental) * 3.95% / 365 * 30] - 30 June Bonus Interest

 

[AlvinDj]

For May I did receive both Bonus interest and Sign-up bonus, though the total amount seems a bit off as I was upgraded to Priority status halfway, so its quite confusing on how the interest % will be calculated. But I let it go since its not that big a sum that's diff. The RM subsequently confirmed that because of upgrade, I am eligible for 6 months of 4% from May till Oct.

Were you on a special Priority Banking signup or upgrade exclusive e$aver promo for the month of May23?

Do take note of this important clause of the T&C to be qualified for the overall of 4%

 

[zeroX26]

Were you on a special Priority Banking signup or upgrade exclusive e$aver promo for the month of May23?

Do take note of this important clause of the T&C to be qualified for the overall of 4%

I only opened the account in May, so the end-of-day deposit balance for 30 April will be counted as 0 isn't it?

 

[NTTDoCoMo]

I only opened the account in May, so the end-of-day deposit balance for 30 April will be counted as 0 isn't it?

Did you received the below? If yes, the below 3 is meant for May Interest (4.00 %).

1. 31 May - CR Interest <-- This is Prevailing Interest
2. 31 May - Bonus Interest Payment <-- This is Bonus Interest based on Public Rate
3. 28 Jun - Sign-up bonus interest interest for May23 (01 of 7) <-- The amount credited is the difference between 3.95% and 31 May Bonus Interest Payment.

Item 2 + 3 will sum up to the sign up TnC Bonus Interest (3.95 %).

 

[AlvinDj]

I only opened the account in May, so the end-of-day deposit balance for 30 April will be counted as 0 isn't it?

Yes, if you only started as a new to bank customer from May23 onwards..

 

[Ahboy069]

Hi all May I check your amount of interest credited today? Seem very low like few dollars for me though on avg I have $40000.

 

[gnooliew]

Hi all, if I did not receive any invite but based on website, I will still get 3.4% interest based on may balance. Am I right ?

3.4% only if increment fresh funds based on ADB.

 

[pantss]

Hi all May I check your amount of interest credited today? Seem very low like few dollars for me though on avg I have $40000.

As always, login desktop to see. The app is still broken so it will not reflect correctly.

 

[DenOOO]

As always, login desktop to see. The app is still broken so it will not reflect correctly.

Checked the app during midnight hours, accurate down to the cent.

 

[CaptainWu]

All, just lost track on the Bonus interest. Logged on to the account found the 3 interest items.
CR Interest, Bonus Interest, Exclusive Bonus Interest

So now SCB divided them into 3 parts? Base Interest 0.05% is the CR Interest. Then the Bonus interest now send into two parts which is the Bonus (pay in current month) and Exclusive Interest (pay in next month)?

Am my understanding is correct?

 

[peppermint7]

Any idea what time they deduct the fall below fee? The other time i left 5c in there they also deduct away. I only discover that after 5pm on 1st of month.

 

[GrandJedi]

Zeroed account today!

 

[heng_ah]

Zeroed account today!

To where?