Standchart eSaver

[peterpark3r]

Thanks for the clarifications, guess I'm pretty outdated on the TnCs...

Noted that the 2 promo months will reference to the reference month, in this case Aug and Sep will compare against Jul.

 

[sglandscape]

No, July will still reference to May because it is a 2 month promo.

thats why last time the old birds recommend those new to esaver should just put a bit at start only to test how the system works first.

it is always in 2 month cycle referencing the month before.

so June to July promo will reference to May ADB (In july it will still reference to May ADB).

current promo August to Sept will reference to July ADB (in September it will still reference to July ADB).

then Oct to Nov promo (if continue) will reference to sept ADB

so u empty out on 1st June means your June ADB is 0. but your May ADB is not 0. July will still reference to May and not June. its per 2 months and not purely the month before.

"From now till 30 September 2023, earn up to 3.40% 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 July 2023 average daily balance)"

The old bird very familiar with this mechanics, it's been around for years and they haven't change it to trick or mislead. Kudos to SCB actually. A lot less confusing than EGA too.

They also keep the tnc up for the entire promo period so it's clear what's the reference month.

 

[SantyBalls]

What did you interpret it as? Thought it was quite clear actually.


You got the reference month wrong? Isn't it from Jun - Jul (that references May ADB), you need to empty on 1 May, not 1 Jun.

Whole balance 4%.

Which apparently is actually 3.4% now, and 0.6% follow month(which i havent get for june balance), on FRESH FUND

 

[havetheveryfun]

The old bird very familiar with this mechanics, it's been around for years and they haven't change it to trick or mislead. Kudos to SCB actually. A lot less confusing than EGA too.

They also keep the tnc up for the entire promo period so it's clear what's the reference month.

the good thing also is they give you the interest on the first day of the month so if you make a mistake in that month you already know immediately and don't need to 2nd guess yourself.. unlike others like multiplier or ocbc360 n EGA where the interest comes in much later.. some even months later

thats why even when got eSaver promo but the ppl here say 20th then get bonus interest i also scared.. rather get a little less at start of the month for a peace of mind

the invited eSaver promos are quite confusing to me though so perhaps it is something they could improve on..

 

[sglandscape]

the good thing also is they give you the interest on the first day of the month so if you make a mistake in that month you already know immediately and don't need to 2nd guess yourself.. unlike others like multiplier or ocbc360 n EGA where the interest comes in much later.. some even months later

thats why even when got eSaver promo but the ppl here say 20th then get bonus interest i also scared.. rather get a little less at start of the month for a peace of mind

the invited eSaver promos are quite confusing to me though so perhaps it is something they could improve on..

Yes fully agree with you.

 

[sglandscape]

Whole balance 4%.

Which apparently is actually 3.4% now, and 0.6% follow month(which i havent get for june balance), on FRESH FUND

Huh? Did you get a special invite for it (or for new accounts)? If so the bonus interest may come in later. Otherwise it's 3.4%.

 

[SantyBalls]

Huh? Did you get a special invite for it (or for new accounts)? If so the bonus interest may come in later. Otherwise it's 3.4%.

I deposited 50001 when the new account promo was on. Then following mth added like 30 40k.

Then realise only got 3.4% on fresh fund,aka the 30 40k. Meaning i lost interest on existing 50k.

That was for june balance. Now 1aug, i havent get the remainder 0.6%

 

[BlackTortoise]

If they continue the promo, from October onwards (not announced yet). The current promo is Aug - Sep, based on July ADB.

Come October if they continue promo, it'll be Oct - Nov, based on Sep ADB

So

If they continue the promo, from October onwards (not announced yet). The current promo is Aug - Sep, based on July ADB.

Come October if they continue promo, it'll be Oct - Nov, based on Sep ADB

so game over for me for August & Sep. these two months I will park in GXS & Maybank isavy then. Huat ahhh!

 

[martin]

I just checked mine, zero bonus interest. Last month i got it. If it is for 2 months june & july, then why i only got for june and not july?

 

[sglandscape]

So

so game over for me for August & Sep. these two months I will park in GXS & Maybank isavy then. Huat ahhh!

Yup keep the funds out for now, don't move it back in Sep also.

 

[sglandscape]

I just checked mine, zero bonus interest. Last month i got it. If it is for 2 months june & july, then why i only got for june and not july?

Did your balance change between June and July? It's incemental balance above May ADB

 

[martin]

Did your balance change between June and July? It's incemental balance above May ADB

I withdrew some out in late july but still had 20k inside until 31 july, so was surprised at zero bonus interest.

 

[martin]

Yup keep the funds out for now, don't move it back in Sep also.

No GXS and it isnot opening for new a/cs.

 

[sglandscape]

I withdrew some out in late july but still had 20k inside until 31 july, so was surprised at zero bonus interest.

Did you also have 20k average balance in May? The bonus interest is on incemental balance not on the full balance. Hence the old birds here call it the merry go round game.

 

[martin]

Did you also have 20k average balance in May? The bonus interest is on incemental balance not on the full balance. Hence the old birds here call it the merry go round game.

No, may adb was zero. That’s why june i got the bonus interest but july nothing Isstrange.

 

[kakaboo]

The old bird very familiar with this mechanics, it's been around for years and they haven't change it to trick or mislead. Kudos to SCB actually. A lot less confusing than EGA too.

They also keep the tnc up for the entire promo period so it's clear what's the reference month.

but all the old birds like disappear already or lazy to answer questions anymore..

 

[havetheveryfun]

I just checked mine, zero bonus interest. Last month i got it. If it is for 2 months june & july, then why i only got for june and not july?

are u checking on mobile or desktop.

if mobile, try checking on desktop version instead.

 

[martin]

are u checking on mobile or desktop.

if mobile, try checking on desktop version instead.

You hit the bullseye, bro. I checked deskstop version and it is there. Thanks.

 

[havetheveryfun]

You hit the bullseye, bro. I checked deskstop version and it is there. Thanks.

actually is also there in the mobile version but maybe cos u cant remember ur exact balance

the new mobile version got bug since rolled out some transactions not showing on the day itself (?)

 

[sglandscape]

My JUL Interest is missing, Anyone received?

Did you check with desktop app?