SC Wealth saver account

[leinaday]

Just sharing this yields good interest for 6 months!

https://www.sc.com/sg/save/current-accounts/wealth-saver/

 

[royalmix]

Share with intention to help people understand the product and explain how they can benefit. If you share with intention to benefit from referrals, it will be deleted and you might get banned. So now you create another new thread, I just noticed and realised why

 

[i_dun_understand]

Just take note this account sign up have to be a new to bank client relationship (does not have SCB account previously and closed within the past 12 mths)

 

[reiser]

Just take note this account sign up have to be a new to bank client relationship (does not have SCB account previously and closed within the past 12 mths)

If I opened for a week without putting any money inside and then went to close it, does it count as having an account before?

 

[i_dun_understand]

Technically yes from my layman understanding.

Did not utilitize =/= did not open an account

 

[3XTR3M1ST]

Let's say for 100k, what is the eir if I only deposit without doing anything else?

 

[i_dun_understand]

Unfortunately this wealth acct is only worthwhile if you deposit at least 200k to enjoy 2+3 %

If 100k, could be only 0.05 + 3%

 

[twosix]

How to get the 3% bonus? Must be need to SC ah? If already got other acct with them can or not?

 

[reddevil0728]

How to get the 3% bonus? Must be need to SC ah? If already got other acct with them can or not?

This?

Just take note this account sign up have to be a new to bank client relationship (does not have SCB account previously and closed within the past 12 mths)

 

[i_dun_understand]

How to get the 3% bonus? Must be need to SC ah? If already got other acct with them can or not?

After reading the TnC again, also need to deposit 500k in order to qualify as priority client.

So i suspect if intention is to deposit lesser amt like 200k or 400k, may not qualify for the additional 3%

 

[twosix]

This?

Not clear to me. Haha.

 

[F1ngolf2012]

Last Dec, my RM asked me to consider this Wealth Saver. After my first couple of questions, she gave up. As I recalled, nothing really to see here for existing SC customers. As usual, I'm happy to be wrong.

 

[d5dude]

Not really useful since the TRB interest rates only apply to the first 500k of deposit, the 1.5m tier looks like some sort of trick to me since you'd actually get a very low EIR if you actually deposited 1.5m into this wealth saver account.

Also the +3% bonus for 6 months only apply to new to bank customers, again not very useful.

 

[sohguanh]

Thanks for this thread answer my new question for today.

 

[rubicon]

Not really useful since the TRB interest rates only apply to the first 500k of deposit, the 1.5m tier looks like some sort of trick to me since you'd actually get a very low EIR if you actually deposited 1.5m into this wealth saver account.

Also the +3% bonus for 6 months only apply to new to bank customers, again not very useful.

actually it was an extremely good deal for new customers

 

[x_men_naruto96]

Anybody receives any interest or cashback? Till date, I haven’t received anything :/

 

[AlvinDj]

Anybody receives any interest or cashback? Till date, I haven’t received anything :/

When did you open account and started clocking for interest / cashback ?

 

[i_dun_understand]

Anybody receives any interest or cashback? Till date, I haven’t received anything :/

Yes. received the base interest on 8 Apr while bonus interest on 19 Apr. Open acct late Feb

 

[CrashWire]

Rates going down 0.5%:

Assets Under Management (AUM) Deposits + Investment + Insurance​	Interest Rate (p.a.) on your Wealth $aver Account Balance​
< S$200,000​	0.05% (No change)​
S$200,000 to < S$1.5 million​	1.50%* (New)​
≥ S$1.5 million​	3.00%* (New)​

Used to be 2% (200k) and 3.5% (1.5m).

 

[twosix]

T-bills rates keep going up but savings rates keep dropping. haha.