Standchart eSaver

[sglandscape]

esaver public non invitational 3.6% is currently till 31 Jan 2024.
Approximately when within Jan will the next promo be announced? Thank you.

end Jan likely. The non public invite have a few rounds, ending in Mar or even Apr 2024

 

[zeroX26]

esaver public non invitational 3.6% is currently till 31 Jan 2024.
Approximately when within Jan will the next promo be announced? Thank you.

1st Feb.

 

[Devilsire]

Dear Valued Client,
As our valued client, you can earn up to 3.65% p.a. interest for 5 months on your e$aver balances.
From now till 31 January 2‌024, you will earn interest on balances in your eligible e$aver account(s) in the manner as set out below.
Simply top up your account with fresh funds^ of minimum S$100,000 by 30 September 2‌023, such that your deposit balance on 30 September 2‌023 is at least S$100,000 higher as compared to your deposit balance on 31 August 2‌023, to qualify for the promotion.

my previous invitation was imitated on 29 Aug, for period Sep23-Jan24 with reference to 31Aug EDB.
Hopefully will receive invitation on 20-29Jan with same mechanics (i.e 31Jan EDB)

 

[addict951]

Eh guys, I received the Nov 3.7% invite.
I only gotten a few dollars on 30 Dec, then no bonus at all, something is wrong hor??

 

[oceanicmanta]

Eh guys, I received the Nov 3.7% invite.
I only gotten a few dollars on 30 Dec, then no bonus at all, something is wrong hor??

your Dec ADB lower than Nov ADB ?

 

[addict951]

your Dec ADB lower than Nov ADB ?

Ya ya
I got take go press tbill.
不可以 har??
The invite says 30 Nov balance got +100K vs 31 Oct 就可以了？
I today go put back make the ADB higher again Jan can get back bi hor?

 

[maumu]

Ya ya
I got take go press tbill.
不可以 har??
The invite says 30 Nov balance got +100K vs 31 Oct 就可以了？
I today go put back make the ADB higher again Jan can get back bi hor?

wait till 20 Jan to receive the bonus interest for those on special invite...

 

[addict951]

wait till 20 Jan to receive the bonus interest for those on special invite...

Thanks for you reply, @maumu, @oceanicmanta
I read what y’all discussed on top

I looked back at my Nov bonus-related lines I sibei confused. (Cos if I received the following for Nov I should also get on 30 Dec??)
There were 3 types
30 Nov got interest
30 Nov got bonus interest for the period 23-11-01 (the bulk amount)
19 dec EXCLUSIVE BONUS INTEREST PROMO for Nov

So nao it looks rike the bi is missing (due to lower ADB???)? Cannot be right? I should at least get a smaller bi amount, not completely dun have right?
Sorry for being luosuo

 

[maumu]

Thanks for you reply, @maumu, @oceanicmanta
I read what y’all discussed on top

I looked back at my Nov bonus-related lines I sibei confused. (Cos if I received the following for Nov I should also get on 30 Dec??)
There were 3 types
30 Nov got interest
30 Nov got bonus interest for the period 23-11-01 (the bulk amount)
19 dec EXCLUSIVE BONUS INTEREST PROMO for Nov

So nao it looks rike the bi is missing (due to lower ADB???)? Cannot be right? I should at least get a smaller bi amount, not completely dun have right?
Sorry for being luosuo

are you referring to the bonus interest which you thought you're going to get on 30 Dec?

the bonus interest on 30 Dec is based on the public promo of 3.6%. you need to have a higher ADB for December compared to November.

 

[addict951]

Thanks, @maumu

Anybuttie here on the 3.7% invite they sent in early-Nov? This is valid till 31 March right?
So for my Jan, Feb & March ADB, this has to be referenced against which month ar?? Sibei confused riao. Thank you

 

[crossfitter]

Am in the same situation for the invited promo. Only received 0.05 int end dec where as received 2 sets of interest at mth end. My understanding is that as long as your dec balance is still higher than Oct mth end balance, the whole amt will qualify for bonus interest even though dec mth end balance is lower than nov mth end balance. Just msged my rm to check

 

[royalmix]

Am in the same situation for the invited promo. Only received 0.05 int end dec where as received 2 sets of interest at mth end. My understanding is that as long as your dec balance is still higher than Oct mth end balance, the whole amt will qualify for bonus interest even though dec mth end balance is lower than nov mth end balance. Just msged my rm to check

Invite you to their benefit cos they only pay you BI on 20th, all stated in tn!

I get my BI on 30 Dec under public promo!

 

[addict951]

Am in the same situation for the invited promo. Only received 0.05 int end dec where as received 2 sets of interest at mth end. My understanding is that as long as your dec balance is still higher than Oct mth end balance, the whole amt will qualify for bonus interest even though dec mth end balance is lower than nov mth end balance. Just msged my rm to check

Invite you to their benefit cos they only pay you BI on 20th, all stated in tn!

I get my BI on 30 Dec under public promo!

I re-read the t&c, for those who got the invite it seems rike the incremental criteria doesn’t apply the same way tike those who did not leeceive any invite

for those who leeceived the Nov. 3.7% invite, if you meet the basic criteria of 30th Nov balance is +100K compared to 31st Oct, then you will get [CLAUSE 4] “bonus interest of 3.65% of the first $5,000,000 of the ADB of your qualifying account during the promo period”
Then clause 6 says the bonus interest will be credited to your account in single or multiple credit transactions by the 20th calendar date of the following month…

So meaning during the promo period of 1 Nov to 31 March, I will get 3.65% bi monthly regardless of the ADB right? The amount of bi I get will correspond to esavers’ ADB

 

[savinmax]

Thanks, @maumu

Anybuttie here on the 3.7% invite they sent in early-Nov? This is valid till 31 March right?
So for my Jan, Feb & March ADB, this has to be referenced against which month ar?? Sibei confused riao. Thank you

This is what I understand and presume.

For your case, where the invited 3.7% is from Nov 2023 to March 2024, as long as you had increased your ADB on 30 Nov day-end to be at least 100k OVER your 31 Oct day end value, you are good for 3.7% till end Mar 2024.

No ADB reference needed for Jan, Feb, Mar - you will get 3.7% p.a. from first dollar up during this period.
Interest will be 0.05% at end of months Dec to Mar ( as you no longer get the public bonus ), and the invited bonus of 3.65% will be given out around 20th of Jan to Apr.

Nov was different as you were also part of public bonus offer, therefore you got bulk of Nov interest end Nov and only the difference on 20Dec ( 3.7%-3.6% = 0.1% )

 

[addict951]

This is what I understand and presume.

For your case, where the invited 3.7% is from Nov 2023 to March 2024, as long as you had increased your ADB on 30 Nov day-end to be at least 100k OVER your 31 Oct day end value, you are good for 3.7% till end Mar 2024.

No ADB reference needed for Jan, Feb, Mar - you will get 3.7% p.a. from first dollar up during this period.
Interest will be 0.05% at end of months Dec to Mar ( as you no longer get the public bonus ), and the invited bonus of 3.65% will be given out around 20th of Jan to Apr.

Nov was different as you were also part of public bonus offer, therefore you got bulk of Nov interest end Nov and only the difference on 20Dec ( 3.7%-3.6% = 0.1% )

Thanks! I re-read the t&c and got the same understanding too.

 

[twosix]

Anyone can post the 3.7% invited t&c? Then it will be clear.

 

[dreamwork7878]

e$aver Exclusive Bonus Interest (December 2023) Promotion Terms and Conditions

1. This e$aver Exclusive Bonus Interest (December 2023) Promotion (“Promotion“) is available starting from 1 December 2023 to 30 April 2024 (both dates inclusive) (“Promotion Period“), unless otherwise extended or terminated in accordance with the terms of this Promotion. This Promotion is open to selected existing customers of Standard Chartered Bank (Singapore) Limited (“Standard Chartered” or the “Bank”), who (i) are primary account holders of e$aver, e$aver Kids! and World Partner Savings account(s), and (ii) have received communication via any mode as determined by the Bank during the Promotion Period, notifying them of the Promotion and inviting them to participate in the Promotion, subject to these terms (such communication to be referred to as the “Invitation Notice”). For the avoidance of doubt, the Invitation Notice is non-transferable and only existing customers who have received the Invitation Notice from the Bank are eligible for this Promotion. By participating in this Promotion, you agree to be bound by these terms.

Eligibility

To qualify for this Promotion:

1. you must have been invited to participate in the Promotion, having received the Invitation Notice from the Bank during the Promotion Period;
2. you are an existing primary account holder of e$aver, e$aver Kids! and/or World Partner Savings account(s), or otherwise open during the Promotion Period a new e$aver, e$aver Kids! or World Partner Savings account with the Bank, of which you are the primary account holder (the aforementioned account(s) to be collectively referred to as “Eligible Account(s)” and each, an “Eligible Account”);
3. you must deposit fresh funds of minimum S$100,000 into your Eligible Account(s), such that the end-of-day deposit balance on 31 December 2023 is at least S$100,000 higher than the end-of-day deposit balance on 30 November 2023. “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; and
4. your Eligible Account(s) must be validly existing (i.e. must not be suspended, cancelled or terminated), in good standing, and conducted in a proper and satisfactory manner at all times, including the time of crediting of any Bonus Interest (as defined in Clause 4 below) to your Qualifying Account(s), as determined by the Bank in its sole and absolute discretion.

For the purposes of this Promotion, where the above requirements are satisfied, your Eligible Account(s) shall hereinafter be referred to as “Qualifying Account(s)”.

Prevailing and Bonus Interest Rates

Under this Promotion, you will be eligible to receive prevailing interest (“Prevailing Interest”) on your entire deposit balance (“Deposit Balance”) in the Qualifying Account(s), at the prevailing interest rate of 0.05% p.a.

1. In addition to Prevailing Interest, if you meet the eligibility criteria in Clause 2 above, you will also earn bonus interest (“Bonus Interest“) of 3.75% p.a. (“Bonus Interest Rate”) on the first S$5,000,000 of the average daily balance (“ADB”) in your Qualifying Account(s), during the Promotion Period, subject to the following:
   1. The ADB in your Qualifying Account(s) is used to determine the amount of Bonus Interest you are entitled to receive during the Promotion Period;
   2. ADB is the sum of end-of-day account balances of all days in a particular calendar month, divided by the number of days in that month, where “end-of-day account balances” means account balances as of 2359 hours of each day:
      1. If there are n days in a calendar month and X1, X2, X3, …, Xn are the end-of-day account balances from Day 1 to Day n respectively, the ADB for the account will be:X1 + X2 + X3 +… + Xn/n
   1. For example, and strictly for illustration purposes: if (i) there are 31 days in December 2023, (ii) the end-of-day account balance on each day between 1 December 2023 and 15 December 2023 is S$0, and (iii) the end-of day account balance on each day between 16 December 2023 and 31 December 2023 is S$1,000, the ADB for the account will beS$0 x 15) + (S$1,000 x 16)/31 = S$516.13
   1. Any amount of ADB exceeding S$5,000,000 in your Qualifying Account(s) shall earn the Prevailing Interest only;
   1. If you have more than one Eligible Account(s), you must deposit fresh funds of minimum S$100,000 into each individual account in order for each of them to qualify for Bonus Interest; and
   1. For the avoidance of doubt, any deposit, withdrawal or otherwise transaction in relation to your Qualifying Account(s) that takes place on the last day of a calendar month, falling on either a Sunday, a public holiday or a bank holiday, will not be taken into consideration for the purposes of the Bank’s computation of ADB and crediting of Bonus Interest.

Notwithstanding Clause 4 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.

1. The Bonus Interest shall be credited to your Qualifying Account(s) in single or multiple credit transactions by the 20th calendar date of the following month (the “Bonus Interest Crediting Date”), provided that your Qualifying Account remains valid and in good standing as at the Bonus Interest Crediting Date.

1. In the event the Bank has determined that you are not eligible to receive the Bonus Interest or to participate in the Promotion, or where the Bank has knowledge of subsequent events which would mean that you would not have been entitled to receive the Bonus Interest, the Bank reserves the right to claw back the Bonus Interest or to deduct its value (or such other amount as it deems fit) from your account(s) with the Bank.

General

Unless otherwise stated, this Promotion is not valid with any other e$aver offers, discounts, rebates, vouchers, privileges or promotions.

1. Please refer to the Bank’s Pricing Guide for any applicable fees and charges, or visit the Bank’s website for more information on e$aver, including the latest terms and conditions applicable to the Promotion.

1. The Bank may at any time vary, modify, add or delete any of the terms and conditions governing the Promotion and all applicable interest rates and to terminate, withdraw, suspend, extend or shorten the Promotion, without prior notice or reason.

1. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Promotion, including your eligibility for the Promotion and/or the amount of interest that you are entitled to receive. The Bank’s decision in all matters arising out of or in connection with the Promotion is final and conclusive and no correspondence will be entertained.

1. These e$aver Exclusive Bonus Interest (December 2023) Promotion Terms and Conditions are to be read in conjunction with the Bank’s Customer Terms, the Current/Cheque/Savings Account and Time Deposit Terms, e$aver Account Product Terms and e$aver Kids! Account Product Terms (collectively, “Other Terms“). If there is any inconsistency between these terms and the Other Terms, these terms will prevail only to the extent of such inconsistency.

1. A person who is not a party to these terms shall have no right under the Contracts (Rights of Third Parties) Act 2001 to enforce these terms.

1. These terms and conditions are governed and construed in accordance with the laws of Singapore. Any dispute arising out of these terms and conditions shall be referred to the exclusive jurisdiction of the Courts of Singapore.

1. All information is accurate at the time of publication.

Frequently Asked Questions



1.I have both personal and joint e$aver accounts. Which account is eligible for bonus interest under the e$aver Exclusive Bonus Interest (December 2023) Promotion (“Promotion”)?

We have indicated in the Invitation Notice sent to you that only those individual and joint accounts where you are the primary holder of the account are considered to be eligible for Bonus Interest (as defined in the Promotion T&Cs) under this Promotion.

2. How do I qualify to receive Bonus Interest under this promotion?

To qualify for bonus interest, you must deposit fresh funds of minimum S$100,000 into your eligible account(s) by 31 December 2023 such that the end-of-day deposit balance on 31 December 2023 is at least S$100,000 higher than the end-of-day deposit balance on 30 November 2023.

If you have more than one eligible account, you must deposit fresh funds of minimum S$100,000 in order for each of them to qualify for Bonus Interest.

3. When can I expect the bonus interest to be credited to my account?

We will be crediting the bonus interest to your account latest by the 20th of the following month. For example, for the month of December 2023, bonus interest will be credited latest by 20 January 2024.

 

[zeroX26]

I re-read the t&c, for those who got the invite it seems rike the incremental criteria doesn’t apply the same way tike those who did not leeceive any invite

for those who leeceived the Nov. 3.7% invite, if you meet the basic criteria of 30th Nov balance is +100K compared to 31st Oct, then you will get [CLAUSE 4] “bonus interest of 3.65% of the first $5,000,000 of the ADB of your qualifying account during the promo period”
Then clause 6 says the bonus interest will be credited to your account in single or multiple credit transactions by the 20th calendar date of the following month…

So meaning during the promo period of 1 Nov to 31 March, I will get 3.65% bi monthly regardless of the ADB right? The amount of bi I get will correspond to esavers’ ADB

My question to you is, was your closing balance on 30th Nov at least $100k higher than that of 31st Oct? if its a no, then no need to calculate/guess liao, you didn't meet the criterion for the bonus interest. This effect will also be extended till 31st March.

 

[zeroX26]

e$aver Exclusive Bonus Interest (December 2023) Promotion Terms and Conditions

1. This e$aver Exclusive Bonus Interest (December 2023) Promotion (“Promotion“) is available starting from 1 December 2023 to 30 April 2024 (both dates inclusive) (“Promotion Period“), unless otherwise extended or terminated in accordance with the terms of this Promotion. This Promotion is open to selected existing customers of Standard Chartered Bank (Singapore) Limited (“Standard Chartered” or the “Bank”), who (i) are primary account holders of e$aver, e$aver Kids! and World Partner Savings account(s), and (ii) have received communication via any mode as determined by the Bank during the Promotion Period, notifying them of the Promotion and inviting them to participate in the Promotion, subject to these terms (such communication to be referred to as the “Invitation Notice”). For the avoidance of doubt, the Invitation Notice is non-transferable and only existing customers who have received the Invitation Notice from the Bank are eligible for this Promotion. By participating in this Promotion, you agree to be bound by these terms.

Eligibility

To qualify for this Promotion:

1. you must have been invited to participate in the Promotion, having received the Invitation Notice from the Bank during the Promotion Period;
2. you are an existing primary account holder of e$aver, e$aver Kids! and/or World Partner Savings account(s), or otherwise open during the Promotion Period a new e$aver, e$aver Kids! or World Partner Savings account with the Bank, of which you are the primary account holder (the aforementioned account(s) to be collectively referred to as “Eligible Account(s)” and each, an “Eligible Account”);
3. you must deposit fresh funds of minimum S$100,000 into your Eligible Account(s), such that the end-of-day deposit balance on 31 December 2023 is at least S$100,000 higher than the end-of-day deposit balance on 30 November 2023. “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; and
4. your Eligible Account(s) must be validly existing (i.e. must not be suspended, cancelled or terminated), in good standing, and conducted in a proper and satisfactory manner at all times, including the time of crediting of any Bonus Interest (as defined in Clause 4 below) to your Qualifying Account(s), as determined by the Bank in its sole and absolute discretion.

For the purposes of this Promotion, where the above requirements are satisfied, your Eligible Account(s) shall hereinafter be referred to as “Qualifying Account(s)”.

Prevailing and Bonus Interest Rates

Under this Promotion, you will be eligible to receive prevailing interest (“Prevailing Interest”) on your entire deposit balance (“Deposit Balance”) in the Qualifying Account(s), at the prevailing interest rate of 0.05% p.a.

1. In addition to Prevailing Interest, if you meet the eligibility criteria in Clause 2 above, you will also earn bonus interest (“Bonus Interest“) of 3.75% p.a. (“Bonus Interest Rate”) on the first S$5,000,000 of the average daily balance (“ADB”) in your Qualifying Account(s), during the Promotion Period, subject to the following:
   1. The ADB in your Qualifying Account(s) is used to determine the amount of Bonus Interest you are entitled to receive during the Promotion Period;
   2. ADB is the sum of end-of-day account balances of all days in a particular calendar month, divided by the number of days in that month, where “end-of-day account balances” means account balances as of 2359 hours of each day:
      1. If there are n days in a calendar month and X1, X2, X3, …, Xn are the end-of-day account balances from Day 1 to Day n respectively, the ADB for the account will be:X1 + X2 + X3 +… + Xn/n
   3. For example, and strictly for illustration purposes: if (i) there are 31 days in December 2023, (ii) the end-of-day account balance on each day between 1 December 2023 and 15 December 2023 is S$0, and (iii) the end-of day account balance on each day between 16 December 2023 and 31 December 2023 is S$1,000, the ADB for the account will beS$0 x 15) + (S$1,000 x 16)/31 = S$516.13
   4. Any amount of ADB exceeding S$5,000,000 in your Qualifying Account(s) shall earn the Prevailing Interest only;
   5. If you have more than one Eligible Account(s), you must deposit fresh funds of minimum S$100,000 into each individual account in order for each of them to qualify for Bonus Interest; and
   6. For the avoidance of doubt, any deposit, withdrawal or otherwise transaction in relation to your Qualifying Account(s) that takes place on the last day of a calendar month, falling on either a Sunday, a public holiday or a bank holiday, will not be taken into consideration for the purposes of the Bank’s computation of ADB and crediting of Bonus Interest.

Notwithstanding Clause 4 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.

1. The Bonus Interest shall be credited to your Qualifying Account(s) in single or multiple credit transactions by the 20th calendar date of the following month (the “Bonus Interest Crediting Date”), provided that your Qualifying Account remains valid and in good standing as at the Bonus Interest Crediting Date.
2. In the event the Bank has determined that you are not eligible to receive the Bonus Interest or to participate in the Promotion, or where the Bank has knowledge of subsequent events which would mean that you would not have been entitled to receive the Bonus Interest, the Bank reserves the right to claw back the Bonus Interest or to deduct its value (or such other amount as it deems fit) from your account(s) with the Bank.

General

Unless otherwise stated, this Promotion is not valid with any other e$aver offers, discounts, rebates, vouchers, privileges or promotions.

1. Please refer to the Bank’s Pricing Guide for any applicable fees and charges, or visit the Bank’s website for more information on e$aver, including the latest terms and conditions applicable to the Promotion.
2. The Bank may at any time vary, modify, add or delete any of the terms and conditions governing the Promotion and all applicable interest rates and to terminate, withdraw, suspend, extend or shorten the Promotion, without prior notice or reason.
3. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Promotion, including your eligibility for the Promotion and/or the amount of interest that you are entitled to receive. The Bank’s decision in all matters arising out of or in connection with the Promotion is final and conclusive and no correspondence will be entertained.
4. These e$aver Exclusive Bonus Interest (December 2023) Promotion Terms and Conditions are to be read in conjunction with the Bank’s Customer Terms, the Current/Cheque/Savings Account and Time Deposit Terms, e$aver Account Product Terms and e$aver Kids! Account Product Terms (collectively, “Other Terms“). If there is any inconsistency between these terms and the Other Terms, these terms will prevail only to the extent of such inconsistency.
5. A person who is not a party to these terms shall have no right under the Contracts (Rights of Third Parties) Act 2001 to enforce these terms.
6. These terms and conditions are governed and construed in accordance with the laws of Singapore. Any dispute arising out of these terms and conditions shall be referred to the exclusive jurisdiction of the Courts of Singapore.
7. All information is accurate at the time of publication.

Frequently Asked Questions



1.I have both personal and joint e$aver accounts. Which account is eligible for bonus interest under the e$aver Exclusive Bonus Interest (December 2023) Promotion (“Promotion”)?

We have indicated in the Invitation Notice sent to you that only those individual and joint accounts where you are the primary holder of the account are considered to be eligible for Bonus Interest (as defined in the Promotion T&Cs) under this Promotion.

2. How do I qualify to receive Bonus Interest under this promotion?

To qualify for bonus interest, you must deposit fresh funds of minimum S$100,000 into your eligible account(s) by 31 December 2023 such that the end-of-day deposit balance on 31 December 2023 is at least S$100,000 higher than the end-of-day deposit balance on 30 November 2023.

If you have more than one eligible account, you must deposit fresh funds of minimum S$100,000 in order for each of them to qualify for Bonus Interest.

3. When can I expect the bonus interest to be credited to my account?

We will be crediting the bonus interest to your account latest by the 20th of the following month. For example, for the month of December 2023, bonus interest will be credited latest by 20 January 2024.

This is the Dec 3.8% invite T&C, not the Nov one lah.

 

[Mickey01]

I re-read the t&c, for those who got the invite it seems rike the incremental criteria doesn’t apply the same way tike those who did not leeceive any invite

for those who leeceived the Nov. 3.7% invite, if you meet the basic criteria of 30th Nov balance is +100K compared to 31st Oct, then you will get [CLAUSE 4] “bonus interest of 3.65% of the first $5,000,000 of the ADB of your qualifying account during the promo period”
Then clause 6 says the bonus interest will be credited to your account in single or multiple credit transactions by the 20th calendar date of the following month…

So meaning during the promo period of 1 Nov to 31 March, I will get 3.65% bi monthly regardless of the ADB right? The amount of bi I get will correspond to esavers’ ADB

1. You received the invitation in Nov. Since you have $100k+ on 30 Nov 2023 compared to 31st Oct 2023, that means you have accepted the invitation.
2. So you BI is applicable for months Nov 2023 to Mar 2024 (full account balance and not incrementat balance; max of $5 million)
3. month end interest + int credited the following month (on or around 20th of the month) should equal 3.7% as stated in the Nov 2023 invite)