Standchart eSaver

[cassowary18]

June buy 1 share of AAPL then sell
July buy 1 share of AAPL then sell
Why AAPL? Cos saferest dun have a lot of fluctuation unlike the others

Ya then you end up clocking USD 20 in brokerage charge per month, negating any extra interest earned

(Unless you are Priority Banking customer)

 

[vbhelper]

if not Priority customer, no RM to consult ...

I'm priority, i scare RM hard sell many products to me

 

[addict951]

I'm priority, i scare RM hard sell many products to me

Ya, do not contact ah unless absolutely necessary
Rast time I noob, what sapped the RM ask kwestians
My gotch, few days later di di WhatsApp me back ask to meet up. Really humbin sia

 

[ThreeSteps]

Below is the exact wordings from the t&cs:

https://av.sc.com/sg/content/docs/sg-esaver-account-tnc.pdf

4. “Customers with wealth holdings” are defined as customers who hold either an Eligible Investment Product or Insurance Product purchased through the bank. An “Eligible Investment Product” refers to (i) Unit Trust(s), (ii) Bonds, (iii) Structured Notes, or (iv) Equities.

5. Your eligible Bonus Interest Rate is assessed based on your wealth holdings at the end of each calendar month during the promotion period.


It is clear that you can buy once & just hold it, OR buy/sell multiple times but always ensure there is something remaining at each month-end.

 

[lavive_gp]

Ya then you end up clocking USD 20 in brokerage charge per month, negating any extra interest earned

(Unless you are Priority Banking customer)

I saw they have this on the Invest page

 

[cassowary18]

I saw they have this on the Invest page

Oh but that's not AAPL liao...this is unit trust portfolio

 

[havetheveryfun]

Below is the exact wordings from the t&cs:

https://av.sc.com/sg/content/docs/sg-esaver-account-tnc.pdf

4. “Customers with wealth holdings” are defined as customers who hold either an Eligible Investment Product or Insurance Product purchased through the bank. An “Eligible Investment Product” refers to (i) Unit Trust(s), (ii) Bonds, (iii) Structured Notes, or (iv) Equities.

5. Your eligible Bonus Interest Rate is assessed based on your wealth holdings at the end of each calendar month during the promotion period.


It is clear that you can buy once & just hold it, OR buy/sell multiple times but always ensure there is something remaining at each month-end.

yes but the issue what kind of "equities" they are referring to. could be only those product type and not normal shares from scb trading platform.

 

[wutawa]

yes but the issue what kind of "equities" they are referring to. could be only those product type and not normal shares from scb trading platform.

Customers with wealth holding are defined as customers who hold either an Eligible Investment Product or Insurance Product purchased through the bank. An “Eligible Investment Product” refers to (i) Eligible Unit Trust(s), (ii) Bonds, (iii) Structured Notes, or (iv) Eligible Equities.

Eligible equities lor

 

[CaptainWu]

if not Priority customer, no RM to consult ...

That's exactly what I am asking but the response is silent

 

[ThreeSteps]

yes but the issue what kind of "equities" they are referring to. could be only those product type and not normal shares from scb trading platform.

https://av.sc.com/sg/content/docs/sg-esaver-account-tnc.pdf

Any equities which you can find & trade using the Standard Chartered Online Trading Platform should be valid - there are several stock exchanges listed. Refer to SC website: https://www.sc.com/sg/wealth/investment/online-trading/

If you want something simple without added foreign currency risks, maybe just buy minimum 100 shares of a cheap local Singapore share or REITs or ETF - denominated in S$ & listed on Singapore Stock Exchange (SGX).

 

[lavive_gp]

https://av.sc.com/sg/content/docs/sg-esaver-account-tnc.pdf

Any equities which you can find & trade using the Standard Chartered Online Trading Platform should be valid - there are several stock exchanges listed. Refer to SC website: https://www.sc.com/sg/wealth/investment/online-trading/

If you want something simple without added foreign currency risks, maybe just buy minimum 100 shares of a cheap local Singapore share or REITs or ETF - denominated in S$ & listed on Singapore Stock Exchange (SGX).

I do agree.
and anyway the Wealth Holding is only evaluated at the end of the Calendar month so there's time to handle, we are only the 1st of the month LoL

 

[CrashWire]

June buy 1 share of AAPL then sell
July buy 1 share of AAPL then sell
Why AAPL? Cos saferest dun have a lot of fluctuation unlike the others

Should just buy one of the cheapest stocks. Maybe NIO at $3.54.

(Be warned that non-Priority has minimum commission of $10 USD though.)

 

[GrandJedi]

Ya then you end up clocking USD 20 in brokerage charge per month, negating any extra interest earned

(Unless you are Priority Banking customer)

where do you see $20 brokerage charge per month?

 

[JetStorm]

Why all so gian the 2.65% when other banks have higher interest for month of June leh?

 

[vbhelper]

Why all so gian the 2.65% when other banks have higher interest for month of June leh?

Which one leh?

 

[sglandscape]

Why all so gian the 2.65% when other banks have higher interest for month of June leh?

Ya which one? Everyone cutting

 

[GrandJedi]

hmm... to buy unit trust, i have to open a Bonus$saver account? (trying to fulfil the wealth holding criteria)

 

[iduncheckmail]

where do you see $20 brokerage charge per month?

Priority Banking Clients:

• SGX: 0.18% brokerage rate
• Other Markets: 0.20% brokerage rate
• Minimum Brokerage Amount: $0
  

Personal Banking Clients:

• SGX: 0.20% brokerage rate
  
  
• Other Markets: 0.25% brokerage rate
  
  
• Minimum Brokerage Amount:
  • $10 for shares traded in AUD, CHF, GBP, SGD, and USD (plus GST)
    
    
  • ¥1000 for shares traded in JPY (plus GST)
    
    
  • $100 for shares traded in HKD (plus GST)

 

[iduncheckmail]

Which one leh?

isavvy 2.8% for jun (>200k)
stash 3.0% (for jun)

 

[ThreeSteps]

hmm... to buy unit trust, i have to open a Bonus$saver account? (trying to fulfil the wealth holding criteria)

there is also a separate promo for: https://forums.hardwarezone.com.sg/...-town-from-scb.3607961/page-75#post-156401739