Standchart eSaver

[Imhthc]

No reference month, meaning everything in your account is eligble for the promo interest

Quite ambiguous actually. My Dec ADB is high though. However I also see this in the clause in the email which is not in the tnc link:
This e$aver Exclusive Bonus Interest (Janua‌ry 20‌25A) promotion ("Promotion") is available from 1‌ Jan‌ua‌ry 20‌25 to 31 M‌arch 2‌02‌5 ("Promotion Period"). This communication sent to you, notifying you of the Promotion and inviting you to participate in this Promotion ("Invitation Notice"), is non-transferrable and only existing customers who have received the Invitation Notice from the Bank are eligible for this Promotion. Your existing e$aver, e$aver Kids! and/or World Partner Savings account(s) of which you are the primary account holder and are currently qualified under Standard Chartered Marathon $aver Promotion (promotion period Oc‌tober 20‌24 – De‌cember 20‌24), shall be collectively referred to as "Eligible Account(s)" and each, an "Eligible Account".
This is how I interpret: It sounds like an extension of the Standard Chartered Marathon $aver Promotion (promotion period Oc‌tober 20‌24 – De‌cember 20‌24). If so, the reference month is Sept 2024.
then again it is a risk if scb interprets it another way

 

[ThreeSteps]

D anyone received an email from scb with the following?


Dear Valued Client,

To extend our appreciation for your support, you are automatically qualified to earn step-up interest of up to 2.90% p.a. from Ja‌nuary 20‌25 to Ma‌rch 20‌25, on your e$aver account balance (capped at S$5 mil), account number ending with xxxx

Slightly better rates than marathon but automatically without the need to register. However, I was looking at the tnc of this and I cannot find the reference month for the ADB or did I miss it out from the tnc?
https://www.sc.com/sg/terms-and-conditions/esav-ja25a/

In point#4, they only mention ADB but not 'incremental ADB'. A reference month is required only for incremental ADB.

 

[Squaredot]

D anyone received an email from scb with the following?


Dear Valued Client,

To extend our appreciation for your support, you are automatically qualified to earn step-up interest of up to 2.90% p.a. from Ja‌nuary 20‌25 to Ma‌rch 20‌25, on your e$aver account balance (capped at S$5 mil), account number ending with xxxx

Slightly better rates than marathon but automatically without the need to register. However, I was looking at the tnc of this and I cannot find the reference month for the ADB or did I miss it out from the tnc?
https://www.sc.com/sg/terms-and-conditions/esav-ja25a/

my wife recd this invite. There is no reference month, bonus interest will be calculated based on your ADB. But the rates are not attractive.

 

[Imhthc]

my wife recd this invite. There is no reference month, bonus interest will be calculated based on your ADB. But the rates are not attractive.

For now I won’t say it is not attractive since I have yet to see other banks’ rates. In addition, it is easy to hit when it is with respect to no reference

 

[Imhthc]

No reference month, meaning everything in your account is eligble for the promo interest

Ya. The cso also confirmed that there is no reference month and promo interest will apply on the entire amount deposited.

 

[Devilsire]

Automatically qualified invitation

i supposed all those SCB priority accounts whom emptied their account received it?
anyway

Month​	Bonus Interest on ADB of up to S$5 million​	Total Interest on ADB of up to S$5 million​
Jan‌uary 20‌25​	2.75% p.a.​	2.80% p.a.​
F‌ebru‌ary 20‌25​	2.80% p.a.​	2.85% p.a.​
Mar‌ch 202‌5​	2.85% p.a.​	2.90% p.a.​

Rates are poor compared other's offerings

 

[sglandscape]

Automatically qualified invitation

i supposed all those SCB priority accounts whom emptied their account received it?
anyway

Month​	Bonus Interest on ADB of up to S$5 million​	Total Interest on ADB of up to S$5 million​
Jan‌uary 20‌25​	2.75% p.a.​	2.80% p.a.​
F‌ebru‌ary 20‌25​	2.80% p.a.​	2.85% p.a.​
Mar‌ch 202‌5​	2.85% p.a.​	2.90% p.a.​

Rates are poor compared other's offerings

At these rates, of course empty out ASAP even waiting until it steps up also cannot reach the latest Tbills rate of 2.99%.

there's still CIMB at 3.2% until March or HSBC EGA at 3.7% for one month, there after 2.7% for average of 3.2% for 2 months.

 

[Eternit]

2.9% with no hoops to jump and no addition actions to do, I think is ok lah...what you guys think?

 

[reflecx]

For now I won’t say it is not attractive since I have yet to see other banks’ rates. In addition, it is easy to hit when it is with respect to no reference

CIMB is offering at least 3.2% for Jan to Mar.

 

[ctan84]

2.9% with no hoops to jump and no addition actions to do, I think is ok lah...what you guys think?

2.9% only for March. This month is 2.8%.

 

[FlyGuardX]

cimb still better

 

[GrandJedi]

waiting to see if Maybank will "refresh/extend" its iSavvy promotion.....

 

[maumu]

SC website shows eSaver promo link (Feb to Mar) but when clicked it's still the older Dec to Jan document

 

[highsulphur]

Time to move out of account again tomorrow

 

[chiokcc]

I got email, said it will be Feb-Apr 2.85 + 0.05% pa .....

 

[HoGnix]

3 Months, Not 2 Month? that's for >100K right.

 

[Imhthc]

Feb to end Mar is 2.9% for public rate. Those marathon saver and exclusive invitation are lower than or equal to this rate for one of the months. Wrong move I made and I should have stuck to the transfer between my esavers to take the public rate and kept my Jan adb at $0 for one of the esavers.

 

[HWZ1973]

Time to move out of account again tomorrow

Will they lock the account if you transfer big amount out?

 

[highsulphur]

Will they lock the account if you transfer big amount out?

why should they?

 

[Mickey01]

what is the rate for Marathon Saver Promotion Feb 2025?