Bonus$aver - the only account that gives you the highest interest rate in town from SCB

[Cumzilla]

Wait - what ? means that this footnote in :

https://www.sc.com/sg/bank-with-us/online-banking-services/online-bill-payment-merchants/

is wrong?

opps, tot this BOC Smartsaver thread, since it says so not eligible, then no. But hor, I pay monthly to DBS credit cards bills and they are not listed as an eligible billing organisation..

 

[wynnest]

opps, tot this BOC Smartsaver thread, since it says so not eligible, then no. But hor, I pay monthly to DBS credit cards bills and they are not listed as an eligible billing organisation..

Can pay to same bill 3 times or must unique?

 

[SBC]

Only if you spend 500 on bonus saver card.

Is there a credit card for this acct? Can spend on other card instead?

 

[sibeiTrolled]

Is there a credit card for this acct? Can spend on other card instead?

There's a bonussaver debit or credit card.
You must use bonussaver card to earn additional interest - https://www.sc.com/sg/terms-and-conditions/bonussaver-product-terms/ Point 2 Card Spend (2.2)

For CC, 2 years without annual fee
For DC, annual fee of 20 SGD per year

 

[Cumzilla]

think tnc dont excl govt services for spend req.

Yes, just realised from the TnCs that spending does not exclude govt services, only specifically mention 3, ICA, MOM and LTA, so do others qualify? e.g town council fees and HDB season parking?

 

[Cumzilla]

https://www.sc.com/sg/important-information/deposit-interest-rate-revision/

nerfed until only 2.88% PA for 1st 100K, expect massive fund out from this acc

 

[item2sell]

https://www.sc.com/sg/important-information/deposit-interest-rate-revision/

nerfed until only 2.88% PA for 1st 100K, expect massive fund out from this acc

yeah my last month here at BS too.
Next month have to find other promo

 

[Cumzilla]

yeah my last month here at BS too.
Next month have to find other promo

my alternatives are SCB Esaver or MB ISavvy, worse come to worse TRUST, if u r union member, at least 3%...

 

[item2sell]

my alternatives are SCB Esaver or MB ISavvy, worse come to worse TRUST, if u r union member, at least 3%...

thinking of moomoo.
HSBC still has 4.5 up to $365k till May

 

[Cumzilla]

thinking of moomoo.
HSBC still has 4.5 up to $365k till May

HSBC EGA depend on next month promo, if any, and the reference month bcos I just out this month for the Feb-Mar CNY cycle....

moomoo covered under SDIC insurance scheme?

 

[revhappy]

I was considering opening Bonus saver account and participating in the save up +level up promo. But doesnt seem worth it.

I need to commit 50k for 2 months and then I get cash back of $200+$68 for the bonus saver account opening and if I manage to credit salary I get another $100, so total $368?

Instead if I keep 50k for 2 months with any money market fund I get $291 fuss free.

Does SCB think we are stupid? @royalmix

 

[Trazora]

I was considering opening Bonus saver account and participating in the save up +level up promo. But doesnt seem worth it.

I need to commit 50k for 2 months and then I get cash back of $200+$68 for the bonus saver account opening and if I manage to credit salary I get another $100, so total $368?

Instead if I keep 50k for 2 months with any money market fund I get $291 fuss free.

Does SCB think we are stupid? @royalmix

you also get bonus interest

 

[revhappy]

you also get bonus interest

Setting up salary account takes time, so 1st month interest is gone. 0 interest on 50k. spending 2k on credit/debit card very difficult unless there is some MS potential.

 

[Trazora]

Setting up salary account takes time, so 1st month interest is gone. 0 interest on 50k. spending 2k on credit/debit card very difficult unless there is some MS potential.

can get full bonus interest very easily if u know how

 

[wira]

SC esaver is giving 3.55% without any fuss.
isnt that better and easier ?

 

[royalmix]

I was considering opening Bonus saver account and participating in the save up +level up promo. But doesnt seem worth it.

I need to commit 50k for 2 months and then I get cash back of $200+$68 for the bonus saver account opening and if I manage to credit salary I get another $100, so total $368?

Instead if I keep 50k for 2 months with any money market fund I get $291 fuss free.

Does SCB think we are stupid? @royalmix

You page for me? "Pager" does not work!

This one good if T willing to share how! Otherwise, cannot clock 2k cc no use!

When SCB first started this account, it was very attractive, I got alot of freebies and easily meet the requirements with the loopholes. Then they started to nerf, then bye bye to account!

 

[revhappy]

You page for me? "Pager" does not work!

This one good if T willing to share how! Otherwise, cannot clock 2k cc no use!

When SCB first started this account, it was very attractive, I got alot of freebies and easily meet the requirements with the loopholes. Then they started to nerf, then bye bye to account!

I applied for the bonus saver account and cc. You are allowed to spend 2k on the debit card also. I will research and see if there a way to clock the 2k. Debit card usually easier then credit card

 

[ThreeSteps]

Is the bonus interest supposed to be credited today, what time credited ? I open new a/c last week & doing some verification for July.

update: bonus interest is credited today afternoon

 

[ThreeSteps]

https://www.sc.com/sg/important-information/bonussaver-and-wealthsaver-interest-rate-revision/
Revision of Bonus$aver Account Interest Rates effective 1 January 2025

New (With effect from 1 January 2025) (Bonus Interest Rate on first $100k)
Card Spend - 1.00% p.a. (minimum eligible spend of S$1,000 monthly)
Salary Credit - 1.00% p.a. (Regular inward credit through GIRO, PayNow or FAST), salary at least $3k
Bill Payment - Not Applicable (i.e. this bonus interest is removed)
Invest - 2.00% p,a. (Bonus Interest paid for a consecutive period of 6 months) minimum eligible amount for unit trust is $20k
Insure - 2.00% p,a. (Bonus Interest paid for a consecutive period of 6 months)


Existing - Before 1 January 2025 (Bonus Interest Rate on first $100k)
Card Spend - Up to 1.40% p.a. (minimum eligible spend of S$2,000 monthly), Up to 0.60% p.a. (minimum eligible spend of S$500 monthly)
Salary Credit - 2.00% p.a. (Regular inward credit through GIRO only), salary at least $3k
Bill Payment - 0.23% p.a.
Invest - 2.00% p,a. (Bonus Interest paid for a consecutive period of 12 months), minimum eligible amount for unit trust is $30k
Insure - 2.00% p,a. (Bonus Interest paid for a consecutive period of 12 months)

 

[CaptainWu]

They try to make salary credit easier by accepting Fast Transfer but overall I still feel not competitive. Card spend >1k and need to insure/invest with SCB with higher charges?