HSBC Step Up Promo - Part 2

[nobody1968]

Has June promo rate come out already?

 

[sglandscape]

Has June promo rate come out already?

Not yet likely would know tomorrow noon

 

[NTTDoCoMo]

https://www.hsbc.com.sg/content/dam...y-global/tnc-ega-bonus-interest-promotion.pdf

 

[maumu]

https://www.hsbc.com.sg/content/dam...y-global/tnc-ega-bonus-interest-promotion.pdf

really pattern many many... for that extra 0.4% I doubt the average person will bother, unless one is already actively 'trading'. maybe 2.15% + 1% everyday+ is the most realistic.

 

[GrandJedi]

eSaver is 0.1% better.

 

[BlackTortoise]

eSaver is 0.1% better.

Moving to esaver nao

 

[GrandJedi]

Moving to esaver nao

Note the new conditions. follow esaver thread.

 

[Listopad]

really pattern many many... for that extra 0.4% I doubt the average person will bother, unless one is already actively 'trading'. maybe 2.15% + 1% everyday+ is the most realistic.

Why not just buy some equities, any amount will do right ?

 

[BRYSG7]

even purchasing 1 share of US stock meets the "Wealth Holdings" requirements?

 

[Daffy7]

Now become monthly? No two months?

 

[rest1ess]

Now become monthly? No two months?

June and July

 

[Daffy7]

If I signed up for Apr 25 hsbc EGA, meaning from Apr to Jun, does it mean I am still able to enjoy 2.75% pa.?

 

[chopra]

eSaver is 0.1% better.

But ega still got the 1% for first 360k ya?

 

[sglandscape]

But ega still got the 1% for first 360k ya?

For one month yes.

 

[chopra]

A)To buy/sell shares, you need to open an Equity investment a/c which will provide the platform for you to buy/sell shares which must be traded in lots of minimum 100 shares. I don’t think the system allow you to enter 1. If you are trying to do the minimum, then buy 100 shares of a cheap counter (eg. price is $0.80 per share) instead of buying 100 shares of an expensive counter (eg. price is $45 per share).

B)To buy/sell unit trust (generally described as ‘funds’), you need to open a Unit Trust investment a/c. When you buy, the term used is ‘subscription’. When you sell, the term used is ‘redemption’. It will provide the input screen for you to subscribe or redeem. I believe there is a minimum of $1k required by the system at the initial funds subscription, but you can do partial redemptions subsequently to get down to your ‘minimum’.

Currently, up to the May2025 EGA Bonus Interest promo, the t&cs does not mention what is the minimum ‘wealth holdings’ required i.e. any shares or unit trust remaining in your investment a/c are ‘wealth holdings’.

U tried? At preview order, i can even enter 1 share

 

[chopra]

pattern more than badminton as above poster said. Who is doing the 7 transactions thingy? I scare my wealth is not recognised. So i will do that

 

[GrandJedi]

pattern more than badminton as above poster said. Who is doing the 7 transactions thingy? I scare my wealth is not recognised. So i will do that

you need to do 5 transactions for Everday+ rewards each month. So, during the relevant period which is 2 months, you would have done 10 transactions > 7 already?

 

[ThreeSteps]

U tried? At preview order, i can even enter 1 share

Update : some experienced people have replied to my posting that my remarks about the 1 share is incorrect. I just want to clarify that my remarks is based only on SG shares which I bought.

 

[BRYSG7]

pattern more than badminton as above poster said. Who is doing the 7 transactions thingy? I scare my wealth is not recognised. So i will do that

they're different. FAST transfers aren't considered towards the 7 transactions

 

[chopra]

Update : some experienced people have replied to my posting that my remarks about the 1 share is incorrect. I just want to clarify that my remarks is based only on SG shares which I bought.

My rm says stocks are not considered