If I sign up an eSaver acct as a requirement so I can open a securities settlement account then I bought shares using their SSA then subsequently leave behind let say $1 in my esaver acct (so it is below their $1000 of minimum average daily balance), what will happen in such a case? Will they force sell my shares or what?
Standchart eSaver
- Thread starter mdax23
- Start date
Deduct 10 dollars every month.As long as esaver less than 1k they just deduct.
Left $1 how deduct $10? Cannot be they make the acct go into negative balance right? Or they deduct from the units inside the SSA
Left $1 how deduct $10? Cannot be they make the acct go into negative balance right? Or they deduct from the units inside the SSA
Overdraft or whatever shitty trick to get that 10 bucks.If nothing happens then everybody leave 1 dollar too.Bank are not charity organisation they will think of ways to make you cough out that 10 buck fall below fees
highsulphur
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can't find leh. strange
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what is the % rate?
Ya. 0.05% better for all 3 tiers compared to the last one.
highsulphur
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can just deposit a cheque right?
Managed to upload the advert pic above
e$aver Bonus Interest (1 December 2017 to 31 January 2018) Promotion
Total interest rate on incremental balances (compared to Nov 2017 average daily balance):
<S$50,000: 1.10% pa
S$50,000 to <S$200,000: 1.15% pa
≥S$200,000: 1.25% pa
https://www.sc.com/sg/save/savings-accounts/esaver/
Maybank also having a similar promotion for their iSAVvy Savings Account with higher rates for Dec compared to Oct-Nov:
Total interest rate on incremental balances (compared to Aug 2017 average daily balance):
20,000 to < 50,000: 1.20% pa
50,000 to <200,000: 1.28% pa
200,000 and above: 1.50% pa
http://info.maybank2u.com.sg/promotion/deposits-banking/fresh-funds-top-up.aspx
Total interest rate on incremental balances (compared to Nov 2017 average daily balance):
<S$50,000: 1.10% pa
S$50,000 to <S$200,000: 1.15% pa
≥S$200,000: 1.25% pa
https://www.sc.com/sg/save/savings-accounts/esaver/
Maybank also having a similar promotion for their iSAVvy Savings Account with higher rates for Dec compared to Oct-Nov:
Total interest rate on incremental balances (compared to Aug 2017 average daily balance):
20,000 to < 50,000: 1.20% pa
50,000 to <200,000: 1.28% pa
200,000 and above: 1.50% pa
http://info.maybank2u.com.sg/promotion/deposits-banking/fresh-funds-top-up.aspx
that's wrong. they will just deduct whatever is left in the balance. I left 0.01 in there and the next month it's gone
Can. Use FAST better.
Purplestars
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that's wrong. they will just deduct whatever is left in the balance. I left 0.01 in there and the next month it's gone
Yeah. Basically if you leave your balance at zero, you are closing your account. You have to pay $10 to reactivate it.
Purplestars
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You didn't get charged any fall below fee?
I just leave $1k to avoid $10 fee
There was no $10 reactivation fee as what you have mentioned. My zero bal account was tagged as dormant for awhile but I was surprised some incoming funds could still come in (my friend paynow me and It went through). So the moment those funds came in, I was charged a fall below fee when we cross the month end. Anyway the cso managed to waive off for me when I called in.
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