Standchart eSaver

[boontongkee]

Guys in short is this fixed deposit? Have a sum of money from my expired fixed deposit from uob. The rate last year was 1.6%, this year only 1.25%. Thinking to open an account with scb, is it worth it?

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[Mecisteus]

Guys in short is this fixed deposit? Have a sum of money from my expired fixed deposit from uob. The rate last year was 1.6%, this year only 1.25%. Thinking to open an account with scb, is it worth it?

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This is not the same as FD. There is no lockup of money. You can choose to withdraw any time you like. Interests are earned on daily basis.

 

[student_sdu]

Transfer from own esaver to the other own esaver straight can also earn bonus interest...? that really can save quite a bit of manual xfer work.

I have two E$aver Accounts, the Second one was opened via online long time ago.
Xfer between two accounts directly with no problem on Interest earned.

 

[havetheveryfun]

I have two E$aver Accounts, the Second one was opened via online long time ago.
Xfer between two accounts directly with no problem on Interest earned.

are they linked under the same account though? and use same token ?

 

[boontongkee]

This is not the same as FD. There is no lockup of money. You can choose to withdraw any time you like. Interests are earned on daily basis.

Means it is better than fixed deposit right?

 

[vince123123]

I checked with my SCB RM and she confirmed that it will be extended at the same interest rates. I'm going down to open tomorrow

Please share the reference

 

[unhinged_loon]

This? https://www.sc.com/sg/save/saving-esaver.html

Can someone help explain some things to me:

"with no lock-in period when you bring in incremental fresh funds* (compared to September 2016‘s average daily balance)"

How does it work for:
a) a new customer, do I have to top up every month?
b) existing customer, do I top up? and how much, how often?

"Bonus Interest Rate on eligible Incremental Balance"

So this amount of interest only applies to fresh funds I put in (how long is the fund considered "fresh"/"incremental"?). Until 30th Nov, which means 2 months?

 

[fishyy]

This? https://www.sc.com/sg/save/saving-esaver.html

Can someone help explain some things to me:

"with no lock-in period when you bring in incremental fresh funds* (compared to September 2016‘s average daily balance)"

How does it work for:
a) a new customer, do I have to top up every month?
b) existing customer, do I top up? and how much, how often?

"Bonus Interest Rate on eligible Incremental Balance"

So this amount of interest only applies to fresh funds I put in (how long is the fund considered "fresh"/"incremental"?). Until 30th Nov, which means 2 months?

no lock in period simply means no tie-up like how FD lock you for 3 months/ 1 year/2 year etc/

a) no need, can just dump in your whole amount for new account
b) your top up must be more than what you have during sept.
say sept you have 100k inside, you got the interest liao, then want take out and put back in. your 100k will be earning the prevailing interest while the amount exceed 100k will earn the bonus interest.

"Bonus Interest Rate on eligible Incremental Balance" means the exceeding amount will earn the bonus interest rate.

incremental means increase on your previous amount.
if you're new account, just dump in can liao, wait 2 months for interest, no need worry so much

hope you understand. haha

 

[orange_sky]

Compared to sep balance. So still need to move.....

 

[seller2004]

I checked with my SCB RM and she confirmed that it will be extended at the same interest rates. I'm going down to open tomorrow

Is your RM active in helping your queries? Mine cannot be bothered when I asked about esaver.

 

[orange_sky]

I doubt it works by transferring from one esaver to another using internal transfer right? The tnc states fresh funds. Hard to justify it is with this blatant transfer

 

[chiokcc]

SCB advertise the new rates in The Straits Times, page A.7 today

 

[HoGnix]

I doubt it works by transferring from one esaver to another using internal transfer right? The tnc states fresh funds. Hard to justify it is with this blatant transfer

I've done so many month without any problem, my two esavers is under one roof, xfr between own account, no need token.

 

[P R N D]

I've done so many month without any problem, my two esavers is under one roof, xfr between own account, no need token.

Someone posted to transfer fund to other bank first then FAST back to your 2nd eSaver account.

So it will count fresh fund ?

 

[hwarzoner]

Someone posted to transfer fund to other bank first then FAST back to your 2nd eSaver account.

So it will count fresh fund ?

yes it counts

 

[hwarzoner]

interest in

need to perform in out in out again later

 

[hwarzoner]

I've done so many month without any problem, my two esavers is under one roof, xfr between own account, no need token.

wow just saw your post, that would really save some time and earn more bonus interest.

 

[Bigbang92]

anyone experienced this issue or I did anything wrong? the month before I opened a new e saver and transferred over (received bonus). Last month I transferred back to original account, but there wasn't any bonus received when I just checked.

 

[havetheveryfun]

anyone experienced this issue or I did anything wrong? the month before I opened a new e saver and transferred over (received bonus). Last month I transferred back to original account, but there wasn't any bonus received when I just checked.

u need to be more clearer, don't understand what you mean.

Esaver lasts 2 months everytime, the last one was August and September, and both months compare it to the ADB for the month of July. So say if you opened a new account in August, your July ADB would be $0, and in August you would get the bonus interest. In September, you don't have to do anything at all as it still compares it to July.

Until this round, which is supposedly October and November, you would either have to transfer to a new eSaver account or to transfer everything out to another account for 2 months, so that in December and January, you will have a lower ADB to compare to again.

 

[havetheveryfun]

wow just saw your post, that would really save some time and earn more bonus interest.

wohoo.. I just applied another eSaver account online, and it took less than just 5 minutes.. don't even need approval or what, instant.. don't know why people say they have problems with it.