Standchart eSaver

[zippo1979]

you wish ah.

its the improvements to the public rate. not other exclusive promos that are assigned to others.

oh i am surprised because I think i read somewhere like if the rates go up, it will also apply to you.

"6. Notwithstanding Clause 5 above, in the event that the bank offers to the Bank’s other customers holding Eligible Account(s), a bonus interest rate higher than Bonus Interest Rate (“Higher Bonus Interest Rate”) for any e$aver bonus interest promotion, indicated on our website as open to all Eligible Account(s) held during the Bonus Interest Earning Period, your Bonus Interest for that month will be computed at such Higher Bonus Interest Rate, subject to these terms."

Nevertheless, SCB rates is just my 'holder' for funds 1-2 days each time. The bulk always stays in HSBC EGA for now since rates are still higher in HSBC EGA. So I won't fight it.

 

[zippo1979]

to be honest, I would not be surprised if I am already getting 4.0% p.a. instead of 3.8%. Let's see what I get for End March 2023. The 4.0% p.a. promo started in March 2023 right?

 

[vsvs24]

oh i am surprised because I think i read somewhere like if the rates go up, it will also apply to you.

"6. Notwithstanding Clause 5 above, in the event that the bank offers to the Bank’s other customers holding Eligible Account(s), a bonus interest rate higher than Bonus Interest Rate (“Higher Bonus Interest Rate”) for any e$aver bonus interest promotion, indicated on our website as open to all Eligible Account(s) held during the Bonus Interest Earning Period, your Bonus Interest for that month will be computed at such Higher Bonus Interest Rate, subject to these terms."

Nevertheless, SCB rates is just my 'holder' for funds 1-2 days each time. The bulk always stays in HSBC EGA for now since rates are still higher in HSBC EGA. So I won't fight it.

You can paste yet don't read it ? See the words in red.

 

[zippo1979]

You can paste yet don't read it ? See the words in red.

oh ok..

let's see if April public rates will go up to 4.0%p.a. then...

 

[westtraveller]

Apr will be the base for the 4 months cycle of May-Aug, provided HSBC extends this promotion.
So it would be good to very low or close to min balance for Apr.

Kamsia

 

[havetheveryfun]

oh ok..

let's see if April public rates will go up to 4.0%p.a. then...

got someone back then was able to predict the rate based on the overnight SORA rate or something like that

 

[Mickey01]

I am hoping HSBC EGA continue the promotion next month. I am currently in the last month of the cycle and keeping a very low balance in the account.

can you please post your hopes under the HSBC thread .....

 

[ashethen]

until now still no update on next month's rate?

 

[Mickey01]

no change ... 3.8% for Apr and May

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

 

[twosix]

no change ... 3.8% for Apr and May

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

Incremental fresh fund from March.

From now till 31 May 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 March 2023 average daily balance)

 

[bargin]

good can shift funds to eSaver from HSBC EGA, tnc still not updated, still using the Feb to Mar 2023

 

[Mickey01]

good can shift funds to eSaver from HSBC EGA, tnc still not updated, still using the Feb to Mar 2023

usually T&C updated 1st day of the new month as technically today still 31st Mar

 

[sohguanh]

Ok May shift from Maybank iSavvy to eSaver

 

[BigJay]

What's the advantage? Understand iSavvy pays bonus interest more promptly.

The other way around. In addition, can keep iSavvy Apr ADB to a minimum for potential round of bonus interest for May onwards (likely based on Apr ADB).

 

[sgdividends]

For esaver say I withdraw 50 k to dbs on 10 April and redeposit 50k from DBs bank back into esaver on 20 April, is there any implications on this 50k? I'm confused with one of the terms there.

* “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.

Do they just count ADB in April and may and compare with ADB march ?

 

[GrandJedi]

The other way around. In addition, can keep iSavvy Apr ADB to a minimum for potential round of bonus interest for May onwards (likely based on Apr ADB).

In that case, I will keep my funds in iSavvy until 30 Apr. Transfer all to eSaver in 1-31 May. And then move it back to iSavvy in June if they have a good deal. (iSavvy ADB for May will be zero).

 

[revhappy]

For esaver say I withdraw 50 k to dbs on 10 April and redeposit 50k from DBs bank back into esaver on 20 April, is there any implications on this 50k? I'm confused with one of the terms there.

* “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.

Do they just count ADB in April and may and compare with ADB march ?

The transactions you do in April won't have any impact. So yes they just calculate ADB of Apr and compare with Mar.

 

[lzydata]

How do I delete this? https://forums.hardwarezone.com.sg/threads/standchart-esaver.5070862/post-146928883

I read wrongly.

Under your post, there are the options - Report | Edit | Delete

 

[konan~]

eSaver maintains its rate for 1 Apr to 31 May at 3.80%.

e$aver Bonus Interest (1 April 2023 to 31 May 2023) Promotion​

From now till 31 May 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 March 2023 average daily balance)

 

[chijmer]

no interest credited on 31-mar for me