Standchart eSaver

[doody_]

not sure. when i applied bonus saver at branch, they asked me to sign a paper to allow them to call me to sell investment/insurance products.

I don't think you need to sign that. At most they can contact you only for purposes related to your existing accounts.

 

[babyrobo]

Esaver jan balance will be compared to Nov average daily balance. Like that, no bonus interest.

that's if the new promotion based itself on jan right? can help give example of how it will work between esave and CIMB fast saver than?

For new account open now to be eligible for the promotion, i just need to do the below?

open new account before 1st Nov, make sure at least $1K to avoid $5 fall below fees (for Oct) then:
1st Nov transfer Esaver $50K | Esaver ($51K), CIMB ($1K)
1st Dec transfer from Esaver to CIMB $50K | CIMB ($51K), Esaver ($1K)

based the above on : https://www.sc.com/global/av/sg-esaver-oct-nov-2016-promo-tncs.pdf

then wait for next promotion details to come back to determine which month the new promotion will be pegged to? or is there any existing cycle/ pattern of their marketing strategy?

 

[henrylbh]

that's if the new promotion based itself on jan right? can help give example of how it will work between esave and CIMB fast saver than?

For new account open now to be eligible for the promotion, i just need to do the below?

open new account before 1st Nov, make sure at least $1K to avoid $5 fall below fees (for Oct) then:
1st Nov transfer Esaver $50K | Esaver ($51K), CIMB ($1K)
1st Dec transfer from Esaver to CIMB $50K | CIMB ($51K), Esaver ($1K)

based the above on : https://www.sc.com/global/av/sg-esaver-oct-nov-2016-promo-tncs.pdf

then wait for next promotion details to come back to determine which month the new promotion will be pegged to? or is there any existing cycle/ pattern of their marketing strategy?

As in the past, esaver promotion likely to be from Dec to Jan. Average balance during promo period will be compared to average balance in Nov.

 

[Maeda_Toshiie]

BTW, when is the interest credited in?

 

[lewissac]

Curious: Am I still eligible for the Bonus interest if I open the account later today in the evening (1st Nov) and then FAST transfer my funds there at night?

 

[doody_]

BTW, when is the interest credited in?

Mine was credited yesterday.

 

[babyrobo]

Curious: Am I still eligible for the Bonus interest if I open the account later today in the evening (1st Nov) and then FAST transfer my funds there at night?

I was told by SC that you will still be eligible - they look at balance as of 2359 hours. however you only get one mth of the promotion rate. might be better for you to wait for 1 Dec promotion (you will the full 2 mths of the promo interest if you keep the amt inside). That's what I was advise at the Harbourfront branch

 

[P R N D]

I was told by SC that you will still be eligible - they look at balance as of 2359 hours. however you only get one mth of the promotion rate. might be better for you to wait for 1 Dec promotion (you will the full 2 mths of the promo interest if you keep the amt inside). That's what I was advise at the Harbourfront branch

Open another eSaver in Dec?

Sent from Asus ASUS_Z017DA using GAGT

 

[lewissac]

I was told by SC that you will still be eligible - they look at balance as of 2359 hours. however you only get one mth of the promotion rate. might be better for you to wait for 1 Dec promotion (you will the full 2 mths of the promo interest if you keep the amt inside). That's what I was advise at the Harbourfront branch

Umm... so there will be a December promotion?

 

[yuppieboy]

Mine was credited yesterday.

Yup.. confirmed the bonus interest was indeed credited yesterday. However, I just try to do a FAST transfer of a sum to another bank from my esaver. The transaction went through, but no money was transferred at all. Balance was still intact in esaver.

Call up their hotline to confirm, they then did a check on my transaction but wasn't sure what is the problem for the delay.
Told me to wait for their call back by today. Really hopeless FAST!!!

Anybody with the same problem??

 

[babyrobo]

Umm... so there will be a December promotion?

apparently this esaver promotion has been going on for quite some time. however, there is always a risk of it not happening due to the bank's decision/ discretion.

 

[wisely98]

Hi guys, just like to confirm if i'm still eligible for bonus interest in new esaver for Nov:

1. I have an existing esaver account. Transferred $50k out on 1st Nov to Bank A.
2. Open another new esaver account. Transfer the $50k from Bank A to new esaver account

From T&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" <--- from same account?

 

[plavix]

Hi guys, just like to confirm if i'm still eligible for bonus interest in new esaver for Nov:

1. I have an existing esaver account. Transferred $50k out on 1st Nov to Bank A.
2. Open another new esaver account. Transfer the $50k from Bank A to new esaver account

From T&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" <--- from same account?

i think you will still earn the bonus interest.. but u wont be able to open another new esaver account unless it is in a different mandate.

 

[plavix]

Umm... so there will be a December promotion?

the promo had been ongoing for quite some time.. each time spanning over 2 months and the mechanics are similar to uob's savings/uniplus top up promo

 

[lewissac]

Not sure if I see this correctly.

Apparently the ADB thingy is depending on the date where you deposit in your $$.

So the ADB incremental balance is higher if you deposit early of the mth and ur ADB is lower if you deposit at the end of the mth.

In the end, the incremental balance bonus interest difference is pretty substantial

 

[plavix]

yes, ADB calculation takes into account the balance from 1st of the month to last day of the month..

3000 deposit from 1st day of the month to end of the month left untouched -> ADB = 3000 for that month

3000 deposit on the last day of the month with 0 balance from beginning of the month -> ADB = 3000/30days = 100 for that month

 

[wisely98]

i think you will still earn the bonus interest.. but u wont be able to open another new esaver account unless it is in a different mandate.

What's a different mandate?

 

[henrylbh]

apparently this esaver promotion has been going on for quite some time. however, there is always a risk of it not happening due to the bank's decision/ discretion.

I personally believe the promotion will go on for sometime as SCB may be in need of more S$ since it is a relatively new bank since it was converted from a branch.

 

[cybercom8]

Not sure if I see this correctly.

Apparently the ADB thingy is depending on the date where you deposit in your $$.

So the ADB incremental balance is higher if you deposit early of the mth and ur ADB is lower if you deposit at the end of the mth.

In the end, the incremental balance bonus interest difference is pretty substantial

best to always clear out any balance and start with a clean slate for each promo cycle from the first couple of days

 

[plavix]

What's a different mandate?

different names.. if existing account is in single name, u can open another account of the same product type in a joint name.

if existing account is a joint account with A, you cannot open another account of the same product type with A, unless joint with a different person..