Standchart eSaver

[maumu]

I thought esaver has minimum balance of 1k.

no fall-below fee for priority customers...

 

[maumu]

yes, i always do that. still get bonus int

thanks for confirming...

 

[waddahell]

hey those of you who're priority banking customers...

have you emptied (zero-ed) out the account before and still receive the previous months' bonus interest? understand there's no fall-below fee or what for priority banking, but wonder if doing so may disqualify one from receiving the bonus interests from the previous month.

want to lower the ADB this month to the minimum... so thanks for sharing.

my Apr/May were zeroed out. I cant rmb when they upgraded me to priority. Maybe in between and I didnt receivefall-below fee.

 

[V_for_Vanilla]

no fall-below fee for priority customers...

Oh. I am priority. Where does it say?

 

[maumu]

my Apr/May were zeroed out. I cant rmb when they upgraded me to priority. Maybe in between and I didnt receivefall-below fee.

I know there's no fall below fee for priority, but just worried if they may not give the bonus interest haha

 

[waddahell]

I know there's no fall below fee for priority, but just worried if they may not give the bonus interest haha

Your worries is on invited promotion hor?

 

[maumu]

Your worries is on invited promotion hor?

not exactly... but so far I have never gone below the min. balance ($1k). one time I got invited to batch A, another time to batch B... so idk how they choose their customers.

I'm currently on batch B (the lousier IR) and am waiting to get the BI from last month so... don't want to lose it because I'm below the min. balance (although I'm under priority banking lah)

 

[maumu]

Oh. I am priority. Where does it say?

https://www.sc.com/sg/pricing-guide/#sc-lb-module-fee-and-rate

 

[waddahell]

not exactly... but so far I have never gone below the min. balance ($1k). one time I got invited to batch A, another time to batch B... so idk how they choose their customers.

I'm currently on batch B (the lousier IR) and am waiting to get the BI from last month so... don't want to lose it because I'm below the min. balance (although I'm under priority banking lah)

Which invited promo? June/July/Aug?
I also on batch B. already receive BI on 29 Jun.

 

[ahnyaahnya]

How do they calculate the interest?
Previous month closing balance was just a bit above zero
I'm on invite one.
I calculated balance x number of days + balance x no of days and so on.
Then I totally up and divide by 30 to find the average balance.
Then I multipy by % , then ÷ 365 x 30.
I arrived at $200+ .
But they only gave me $100+

 

[maumu]

Which invited promo? June/July/Aug?
I also on batch B. already receive BI on 29 Jun.

May - July.

there'll be another (smaller) tranche of interest to be credited by 20th of the month. maybe you need to read back a few pages to understand how the eSaver invitational bonus works...

 

[waddahell]

May - July.

there'll be another (smaller) tranche of interest to be credited by 20th of the month. maybe you need to read back a few pages to understand how the eSaver invitational bonus works...

First time on invited. Will take a look.

Edit: I read before. some member commented got two payments, sometimes three payments. I went to back calculate the bonus interest… seems quite tally to my ADB. that’s why I thought all the BI came in. Maybe your earlier May/June/July promo different. Tried to read back last 20 pages, cannot find the info alr.

 

[waddahell]

have to repeat every month for newbies and those who didn't read past posts...

29 Feb - 0.05% base interest on whole month's ADB
29 Feb - 3.55% on incremental balance compared to January's ADB (based on public promo rate)
by 20 Mar - remaining bonus interest (depending on invitational rate) on full balance of February

so if your Jan and Feb ADB is about the same, obviously you're not going to get much (or none) on 29 Feb.

Finally found

I’m guessing if the public promo is higher than the invited, that delta will be the third payment.

“The Bonus Interest shall be credited to your Qualifying Account(s) in single or multiple credit transactions by the 20th calendar date of the following month”

 

[maumu]

Finally found

I’m guessing if the public promo is higher than the invited, that delta will be the third payment.

“The Bonus Interest shall be credited to your Qualifying Account(s) in single or multiple credit transactions by the 20th calendar date of the following month”

indeed, this is a rare occasion when the invite rate is actually lousier than the public rate. but the bank is supposed to honour the conditions laid out in the invite tnc (i.e. to give bonus interest on the full balance instead of incremental balance).

will have to wait till 20 July to see if they fail to honour the tnc.

 

[ahnyaahnya]

Is the interest for the June- Aug , invite B given on the Incremental balance as at end of May ? Or on Incremental ADB?

 

[ahnyaahnya]

Withdrew most of the money in my esaver.
Was in the invite for June.
The interest received on 29th June was so paltry , much less than 3.55% on incremental balance from 31 May.
Tried calling them up to enquire about interest calculation
First CSO said that I had called the priority number by mistake. Refused to attend to me. Gave me another number.
Called that number, went round and round, but never got to option to speak to an officer.
Went to their chat line, thd officer said he would check for me. I waited for him to do so. Their system kicked me our for inactivity! I tried again. The officer (same name) again started asking for all the I info for verification.
I'm fed up.

 

[sglandscape]

Withdrew most of the money in my esaver.
Was in the invite for June.
The interest received on 29th June was so paltry , much less than 3.55% on incremental balance from 31 May.
Tried calling them up to enquire about interest calculation
First CSO said that I had called the priority number by mistake. Refused to attend to me. Gave me another number.
Called that number, went round and round, but never got to option to speak to an officer.
Went to their chat line, thd officer said he would check for me. I waited for him to do so. Their system kicked me our for inactivity! I tried again. The officer (same name) again started asking for all the I info for verification.
I'm fed up.

Your first time taking part in special invite? You don't get the interst at month end.

 

[Squaredot]

Your first time taking part in special invite? You don't get the interst at month end.

Some can't get the 101 of esaver invite

I suggest first timers to read the TnCs of invite from top to bottom, all info is written there.
It's not difficult to understand how esaver Invite works.

 

[waddahell]

Is the interest for the June- Aug , invite B given on the Incremental balance as at end of May ? Or on Incremental ADB?

did u have at least +100K on 29 June compared to May 31st? Bonus interest given to entire balance if u meet the mentioned criteria.

 

[Mickey01]

Is the interest for the June- Aug , invite B given on the Incremental balance as at end of May ? Or on Incremental ADB?

Some can't get the 101 of esaver invite

I suggest first timers to read the TnCs of invite from top to bottom, all info is written there.
It's not difficult to understand how esaver Invite works.

some don't bother to read the T&Cs attached in addition to the invite email. Some read and don't understand.