Standchart eSaver

[yiron]

eSaver promotion .... new pattern

https://www.sc.com/sg/save/savings-...e_new-esaver-acquisition-sc_com_organic-sg-en

Not bad, a bit more complicated but overall seems better.

eSaver Marathon promo:
1) Register account
2) Ensure 31 Oct EOD balance is at least $100k higher than 30 Sep EOD balance
3) Enjoy BI of 3.3% / 3.35% / 3.45% on Oct/Nov/Dec incremental ADB vs Sep ADB.

If didn't register or registered but didn't fulfill (2), SCB still gives the usual 3.3% BI on Oct/Nov vs Sep.

 

[Imhthc]

dont understand the new pattern. means no 100k no tok ?

The public promotional interest is still on. From 1st Oct to 30th November 2024 at 3.35%. This one as long as it is incremental fund compared to sep and may no( have to be at least $100k.
This time round they added in something new which is for $100k n above of fresh fund compared to sep 24, can get incremental interest at 3.35%, 3.4% and 3.5% for Oct, Nov and Dec 24 after u register with them.

 

[havetheveryfun]

Got lah you scroll below they got say still have 3.35%. The 100k is say you want 3.5% and last until Dec 2024

oh ok.. nice nice .. good for peasants like me who dont have 100k..

guess the marathon saver is their way of making the private invitations people have been gotten public.. maybe not a lot of ppl taking them up nowadays..

 

[havetheveryfun]

The public promotional interest is still on. From 1st Oct to 30th November 2024 at 3.35%. This one as long as it is incremental fund compared to sep and may no( have to be at least $100k.
This time round they added in something new which is for $100k n above of fresh fund compared to sep 24, can get incremental interest at 3.35%, 3.4% and 3.5% for Oct, Nov and Dec 24 after u register with them.

the something new is similar to the private invitations previously..

 

[sohguanh]

oh ok.. nice nice .. good for peasants like me who dont have 100k..

guess the marathon saver is their way of making the private invitations people have been gotten public.. maybe not a lot of ppl taking them up nowadays..

If you see diagram it is not first month immediately get 3.5% it is slowly step up until the final 3rd month get. This mean if you divide for full 3 months it is definitely less than 3.5% for each month. Between 3.35 and 3.5-- multiply based on 3 months hmmm... readers can do their own maths. 100k to me very big sum hor.

 

[havetheveryfun]

If you see diagram it is not first month immediately get 3.5% it is slowly step up until the final 3rd month get. This mean if you divide for full 3 months it is definitely less than 3.5% for each month. Between 3.35 and 3.5-- multiply based on 3 months hmmm... readers can do their own maths. 100k to me very big sum hor.

is cos public promo 3.35% only until 30 november.

so there is a chance public promo for dec may be much lesser than 3.35%. this is where ppl have to take the calculated risk to see if they want to lock in the 3.5% for december or not. also by locking in for one more month they can save the hassle of playing merry go round for that extra month.

 

[yiron]

is cos public promo 3.35% only until 30 november.

so there is a chance public promo for dec may be much lesser than 3.35%. this is where ppl have to take the calculated risk to see if they want to lock in the 3.5% for december or not. also by locking in for one more month they can save the hassle of playing merry go round for that extra month.

The step up is actually quite valuable in the current climate of falling rates.

 

[Impur3]

The public promotional interest is still on. From 1st Oct to 30th November 2024 at 3.35%. This one as long as it is incremental fund compared to sep and may no( have to be at least $100k.
This time round they added in something new which is for $100k n above of fresh fund compared to sep 24, can get incremental interest at 3.35%, 3.4% and 3.5% for Oct, Nov and Dec 24 after u register with them.

Trying to go through the T&C, trying to find whats the catch, didnt see any lock in period. Only catch i can see is 100k to be deposited by 31 Oct 24 and to register the account. Please correct me if i am wrong.

 

[Scrabby]

 

[yiron]

Trying to go through the T&C, trying to find whats the catch, didnt see any lock in period. Only catch i can see is 100k to be deposited by 31 Oct 24 and to register the account. Please correct me if i am wrong.

Yup, no other catch other than 31 Oct EOD balance has to be >= $100k compared to 30 Sep.

 

[FlyGuardX]

meta AI calculate 3.3833% per annum for this

 

[Impur3]

Yup, no other catch other than 31 Oct EOD balance has to be >= $100k compared to 30 Sep.

Hmmm wondering what would happen if balances drop below 100k after 31 Oct. Not that i am going to try

 

[yiron]

Hmmm wondering what would happen if balances drop below 100k after 31 Oct. Not that i am going to try

Nothing happens. U'll still get the step up bonus for Nov and Dec as long as 31 Oct itself meets the criterion.

 

[Scrabby]

Hmmm wondering what would happen if balances drop below 100k after 31 Oct. Not that i am going to try

2. To qualify for this Promotion:

b. customer must register for the promotion via sc.com/sg/esaver by indicating your 10-digit Qualifying Account number by 31 October 2024. Successfully registered Qualifying Account is referred to as "Registered Account(s)"

c. you must deposit fresh funds into your Registered Account(s) such that the deposit balance on 31st October 2024 is at least S$100,000 higher than the deposit balance on 30th September 2024. "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;

If you do not meet the criteria stated under clause 2b and/or 2c, you would still be eligible to participate in the e$aver Bonus Interest (October- November 2024) promotion.



FAQ (Marathon $aver):

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 October 2024, bonus interest will be credited latest by 20th November 2024.

Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Published on 30 September 2024

 

[Joseph99]

I received interest on 30 sep but not the bonus interest yet. Anyone encountered the same?

 

[bluesy]

For those doing monthly musical chairs between eSaver and iSavvy, will you choose to continue keeping funds in iSavvy for Oct instead of transferring to eSaver? Then transfer to eSaver on 31 Oct to meet the $100k criterion, and maintain funds in eSaver for Nov and Dec.

 

[havetheveryfun]

I received interest on 30 sep but not the bonus interest yet. Anyone encountered the same?

are u on invitation or the public promo.

invitation one by 15-20th of the month then come in

 

[Joseph99]

Public promo

 

[maumu]

Public promo

check your Sep daily avg balance vs. your Jul daily avg balance...

if Sep ADB < Jul ADB then no bonus interest.

 

[Joseph99]

check your Sep daily avg balance vs. your Jul daily avg balance...

if Sep ADB < Jul ADB then no bonus interest.

Jul ADB ? I thought is Aug ADB