Lastest S$ Deposit updates - Part 3

Smokey.B

Master Member
Joined
Jan 20, 2009
Messages
3,137
Reaction score
67
i am going to shift funds from esaver to isavvy tomorrow, 1st dec

Would there be an issue with the value date since the trf is done over the weekend?
 

oceanicmanta

Supremacy Member
Joined
Jan 14, 2013
Messages
7,105
Reaction score
84
i am going to shift funds from esaver to isavvy tomorrow, 1st dec

Would there be an issue with the value date since the trf is done over the weekend?

Sat will be same value date ... but do it early in the day
 

vsvs24

Master Member
Joined
Feb 3, 2018
Messages
4,805
Reaction score
116
Should qualify : esaver Dec & Jan
1.9% for above 200k,
1.8% for 50 to 200k
1.75% for below 50k.

So Maybank 1.9% for 20k and above for Dec with Jun reference mth still better.
 

vsvs24

Master Member
Joined
Feb 3, 2018
Messages
4,805
Reaction score
116
Those with funds in esaver in Nov will need to move out because ref mth is Nov for Dec to Jan. Unless you have more than 1 account.
 

peipei1

Senior Member
Joined
Aug 26, 2017
Messages
1,157
Reaction score
1
Bangkok bank now 2.3% pa for $100K, highest still for walk in retail placements! :s13:
 

JustDoLor

Senior Member
Joined
Dec 6, 2016
Messages
1,329
Reaction score
8
Interesting.
1. If 1st Nov put in $50k, this old $50k will only earn the base rate of 0.1%pa?

2. If now FAST in new fund of $50k, this new fund earns 1.75%. Howvever, the old $50k put in Nov only earn 0.1%?

3. If both above is Yes, Come next Monday, I FAST out $50k, will the remaining $50k earns 1.75%?



https://www.sc.com/sg/save/savings-accounts/esaver/

Esaver 1 Dec to 31 Jan 1.9%. Reference mth Nov.
 

oceanicmanta

Supremacy Member
Joined
Jan 14, 2013
Messages
7,105
Reaction score
84
SCB has a clause about "funds not withdrawn from SCB past 1 month" ... whether they enforce or not is question mark
 

vsvs24

Master Member
Joined
Feb 3, 2018
Messages
4,805
Reaction score
116
Interesting.
1. If 1st Nov put in $50k, this old $50k will only earn the base rate of 0.1%pa?

2. If now FAST in new fund of $50k, this new fund earns 1.75%. Howvever, the old $50k put in Nov only earn 0.1%?

3. If both above is Yes, Come next Monday, I FAST out $50k, will the remaining $50k earns 1.75%?

Yes to 1 and 2.

3 won't work. Dec incremental is computed compared to November 2018’s average daily balance which is 50k.

Esaver is wasted for you for Dec and Jan. Look for alternative.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.
Top