Standchart eSaver

chiokcc · Jul 31, 2016

hwarzoner said:
esaver interest in about $500

not sure tmr what is the interest rate.

Wow, $500! That's a lot of principle amount

chiokcc · Jul 31, 2016

havetheveryfun said:
esaver promo ended ? usually they post the new rates up by this time... (last day of the month)

Maybe IT admin dun work Sundays, so update will only be up tomorrow :s12:

hwarzoner · Jul 31, 2016

chiokcc said:
Wow, $500! That's a lot of principle amount

ok lah esaver is the best suited for me now

hopefully the interest rate will not drop too much tmr.

haydentan · Jul 31, 2016

hwarzoner said:
esaver interest in about $500

not sure tmr what is the interest rate.

Wow. That is close to $400k. My interest was $210 only.

mdax23 · Jul 31, 2016

Alot of rich and elites here :s13:

hOp3SoT · Jul 31, 2016

hopefully will still have gd rates :s12:

havetheveryfun · Jul 31, 2016

hwarzoner said:
esaver interest in about $500

not sure tmr what is the interest rate.

Like having 1/4 poly student working for u haha

havetheveryfun · Jul 31, 2016

hOp3SoT said:
hopefully will still have gd rates

Just hope the promo is still on.. heard rumours that it was ending

scholar88 · Jul 31, 2016

hwarzoner said:
esaver interest in about $500

not sure tmr what is the interest rate.

Might as well use your money to invest. Earn so much more. So much capital, store in bank, a bit not worthwhile...

scholar88 · Jul 31, 2016

havetheveryfun said:
Just hope the promo is still on.. heard rumours that it was ending

Just end the promotion. Such meagre amount of interest ... Can park these money at other places...

neanea · Jul 31, 2016

scholar88 said:
Just end the promotion. Such meagre amount of interest ... Can park these money at other places...

No more promotion?

Squaredot · Jul 31, 2016

neanea said:
No more promotion?

Check SCB website tomorrow.

stjoe1 · Jul 31, 2016

Wow so much capital.. $200k $400k.. If me, I would use half to grab SMRT shares.. Sharing opportunity to get 2.8% for 2 to 3 months (per annum calc is 11.2% to 16.8%) rather than parking in esaver for 1.55% per annum.. Buy SMRT shares @ $1.63 current price, Temasek plan to privatise by buying all shares they are not already have at $1.68 in Sept/Oct.. Arbitrage profit 5c per share or around 2.8% after paying brookerage commission.. Check in Stock subforum under SMRT for details.. Caveat: this is just my own opinion, do your own due diligence..

haydentan said:
Wow. That is close to $400k. My interest was $210 only.

haydentan · Jul 31, 2016

stjoe1 said:
Wow so much capital.. $200k $400k.. If me, I would use half to grab SMRT shares.. Sharing opportunity to get 2.8% for 2 to 3 months (per annum calc is 11.2% to 16.8%) rather than parking in esaver for 1.55% per annum.. Buy SMRT shares @ $1.63 current price, Temasek plan to privatise by buying all shares they are not already have at $1.68 in Sept/Oct.. Arbitrage profit 5c per share or around 2.8% after paying brookerage commission.. Check in Stock subforum under SMRT for details.. Caveat: this is just my own opinion, do your own due diligence..

If temasek din get smrt delisted, the price will drop and it will not be anywhere near $1.6x. If it is a done deal, where got chance to see the price trade around current price. Where got meat left for retail investors?

zoossh · Jul 31, 2016

Interest in on 30/7. So interest in 31/7 counted or not? If yes does it gets rate of 1.65 or new rate in August?

hwarzoner · Jul 31, 2016

zoossh said:
Interest in on 30/7. So interest in 31/7 counted or not? If yes does it gets rate of 1.65 or new rate in August?

for me interest only reflected today 31July and i calculated is correct for full 31 days.

01 Aug new rate need to check tmr at their website

hwarzoner · Jul 31, 2016

stjoe1 said:
Wow so much capital.. $200k $400k.. If me, I would use half to grab SMRT shares.. Sharing opportunity to get 2.8% for 2 to 3 months (per annum calc is 11.2% to 16.8%) rather than parking in esaver for 1.55% per annum.. Buy SMRT shares @ $1.63 current price, Temasek plan to privatise by buying all shares they are not already have at $1.68 in Sept/Oct.. Arbitrage profit 5c per share or around 2.8% after paying brookerage commission.. Check in Stock subforum under SMRT for details.. Caveat: this is just my own opinion, do your own due diligence..

ok thanks i also notice on smrt but not sure buying or not

arctician · Aug 1, 2016

anyone has idea of the following? lets say i have 2 esaver acct and 1 has $200k while the other has zero..if i draw out everything to 3rd party bank and re-issue cheque back to other esaver account with ADB zero, will this be considered fresh fund and eligible for bonus interest?

i spoke to cso and they say its not eligble based on T n C "you must deposit fresh funds into your Qualifying Account(s) during the Promotion Period. For the purposes of these terms and conditions, "fresh
funds" are 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; "

anyway i checked the new rates for SCB remains at 0.2% + 1.45% for Aug and Sep

zoossh · Aug 1, 2016

https://www.sc.com/sg/save/saving-e...B:NA-R:NA-T:NA-O:ESO-L:NA-D:150105-I:10002503

where is your link for aug and sep? my saved link still till end jul.

arctician said:
anyone has idea of the following? lets say i have 2 esaver acct and 1 has $200k while the other has zero..if i draw out everything to 3rd party bank and re-issue cheque back to other esaver account with ADB zero, will this be considered fresh fund and eligible for bonus interest?

i spoke to cso and they say its not eligble based on T n C "you must deposit fresh funds into your Qualifying Account(s) during the Promotion Period. For the purposes of these terms and conditions, "fresh
funds" are 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; "

anyway i checked the new rates for SCB remains at 0.2% + 1.45% for Aug and Sep

cso and rm will quote from tnc. but the actual calculating department had their old way of doing things.

for cheque i dunno for sure. but i fast out from one account, and from third party bank, i fast in to another account. so far ok. i presume that the same principle works for cheque, if your cheque is not scb.

stjoe1 · Aug 1, 2016

what happened? no more promo for esaver? .. withdrew all already, left $1K .. now waiting for confirmed rates ..

zoossh said:
https://www.sc.com/sg/save/saving-e...B:NA-R:NA-T:NA-O:ESO-L:NA-D:150105-I:10002503

where is your link for aug and sep? my saved link still till end jul.

cso and rm will quote from tnc. but the actual calculating department had their old way of doing things.

for cheque i dunno for sure. but i fast out from one account, and from third party bank, i fast in to another account. so far ok. i presume that the same principle works for cheque, if your cheque is not scb.

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