No most of my cash is in RHB, of course I also hold other assets other than cash.
Standchart eSaver
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No most of my cash is in RHB, of course I also hold other assets other than cash.
PC-User
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Oh. Then this cash in RHB must be a fraction of your total net worth loh. To you is nothing lah.
No it is certainly not nothing, I am not that rich.
DevilPlate
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Parking most cash in one bank for a short vs long duration matters.
V_for_Vanilla
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Mine was also left at 1k for over a year until they announce the '1 December 2022 to 31 January 2023' Bonus Interest promotion. Upon which i moved some funds into esaver on 1 Dec. I then receive this email over the weekend.
PC-User
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I also. My Oct to Jan plan is --++.
How does this esaver promo works? Need to pump in min. 100k above Oct 2021 ADB by 15 Jan.
Must maintain min. 100k till 30 Apr?
Can deposit & withdraw funds as long as maintain min. 100k in esaver acct?
Read the terms & conditions. Not much info on these requirements.
Read HWZ Forum Rules!
Must maintain min. 100k till 30 Apr?
Can deposit & withdraw funds as long as maintain min. 100k in esaver acct?
Read the terms & conditions. Not much info on these requirements.
Read HWZ Forum Rules!
V_for_Vanilla
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This one came in an email stating 'by invitation only'.
"To qualify for the Promotion, (i) you must have received the Invitation Notice, (ii) you must deposit fresh funds^ into your Eligible Account(s), such that the end-of-day deposit balance on 15 January 2023 is at least S$100,000 higher than the end-of-day deposit balance on 31 October 2022, and (iii) your Eligible Account(s) must be validly existing, in good standing, and conducted in a proper and satisfactory manner at all times including at the time of crediting of Bonus Interest (as defined below). Where these requirements are satisfied, your Eligible Account(s) shall be referred to as "Qualifying Account(s)".
The non-invitational one is e$aver Bonus Interest (1 December 2022 to 31 January 2023) Promotion
I can't find how to do Std Chartered change daily limit on mobile app. I use the browser internet banking.
Login and on the top right hand where your name is click on it then click security and limit maintenance.
JialatThisOne
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Anyone know if the incremental interest is for 2 months or 1 month for those that opened account in Dec?
I.e. Funds transferred in Dec eligible for 3.8% for both Dec and Jan or just Dec only?
I.e. Funds transferred in Dec eligible for 3.8% for both Dec and Jan or just Dec only?
JialatThisOne
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The website says From now till 31 January 2023, earn up to 3.80% p.a. interest on eligible deposit balance of S$2 million with no lock-in period when you bring in incremental fresh funds* (compared to November 2022 average daily balance)
This means Jan still qualify for Dec's incremental fresh funds isn't it? Since its compared to Nov average balance.
This is different from the usual musical chairs mechanism
Yes. Dec bal increase compared to Nov bal. Jan bal increase compared to Nov bal will get bonus interest.
Move out on 1 Feb.
You are right, SCB is different from RHB, RHB is mthly, but SCB is for a period of 2 mths using Nov for comparison. So continue to keep your money in scb till end Jan, wait for announcement before moving funds out. HOpe they extend, then no need move funds out. If start new promo, then need to move out.
Unless you are on the invite list need to move out. Because the Feb to Mar cycle reference mth will be Jan.
Pls do not pre-empt the promo! Wait for the official announcement. He may not be on invite list based on what he asked. I hope because of CNY, SCB will extend the promo another 2 mths, they did it before. Hope!
When did they extend but kept the previous cycle's reference month ?
Cannot recall, donkey years with them, so I know, they had done it a few times
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