Standchart eSaver

[brown56]

You are welcome. Glad that the explanation helps.

wow I think you're the first to explain how it works so clearly. thanks!

 

[brown56]

Only in esaver, if you are talking about the esaver promo

Hi, is the ADB for Sep across all existing accounts (including what i have in Bonus$aver) or only in eSaver? Thanks all in advance.

 

[brown56]

My pleasure to share

Not too sure about your exact situation. But if your 1st tranche interests + 3rd tranche interests is way less than what you expect, then its better to call SC to clarify.

I recalled the interests is calculated daily. So it will take slightly more effort if you want to calculate to the exact cents.

Merci for the very detailed and clear description. Then what I would have missed out was the second tranche cos that was what the CSO said, that my ADB for Aug was lower than my ADB for July.

For me, the normal interest and bonus interest come in on the last day of the month. And the latter was a huge chunk. Thus, I was quite upset not to receive it on 31 Aug. However, subsequently, my exclusive bonus interest (which comes in on 19-21) was a lot more than previous months. So it seemed I lost just a couple of hundred of dollars. Still heart pain but not as bad as I thought.

 

[beautyseek]

I received an email invite. $500 to top up $200k and $3500 to top up $1.5m. Anyone participated before? Is the lock up strictly 4 mths (3mths after mth of topup)? The language is vague and it says maintain month end balance. Meaning i need only fund at beginning and end of each month for 4 mths?

 

[arctician]

I received an email invite. $500 to top up $200k and $3500 to top up $1.5m. Anyone participated before? Is the lock up strictly 4 mths (3mths after mth of topup)? The language is vague and it says maintain month end balance. Meaning i need only fund at beginning and end of each month for 4 mths?

i got it, you need to maintain for 4 mths base on average monthly balance, esaver only offer 2 mth of interest and capped at $1m so there will be opportunity costs. Putting in fund on first and last day is not going to work because its based on monthly ADB.

 

[beautyseek]

Thanks, artician. The TnCs say "end of month balance" all over, no mention of ADB or TRB. If really the case, it is a v good deal to go for the 1.5m to get 3.5k. And no need to be new to bank too (unlike the krisflyer miles promo). I will go ask my RM.

 

[arctician]

Thanks, artician. The TnCs say "end of month balance" all over, no mention of ADB or TRB. If really the case, it is a v good deal to go for the 1.5m to get 3.5k. And no need to be new to bank too (unlike the krisflyer miles promo). I will go ask my RM.

please pm me and share too, if its really based on month end balance then everyone will just xfer in on last day to get the $3.5k and out next day, i doubt banks will be so silly

For me i just create a single and joint and rotate across the 2 for 2 months to fulfill the 4mth condition, was credited $500.

 

[coolnhappy]

If I only today put money into the esavers account then how much interest will I get?

 

[hattorihanzo]

Use your PC Microsoft Office Excel formulas to help you do a simple calculation.
You can Google how to input, it's not hard.

Sample as below.



Sent from Mercedes-Benz E250 using GAGT

Should be Principal

 

[spikeling]

please pm me and share too, if its really based on month end balance then everyone will just xfer in on last day to get the $3.5k and out next day, i doubt banks will be so silly

For me i just create a single and joint and rotate across the 2 for 2 months to fulfill the 4mth condition, was credited $500.

Don't get too excited. Month end balance is for the first month you put in the money. The next 3 months you got to maintain ADB.

 

[arctician]

Don't get too excited. Month end balance is for the first month you put in the money. The next 3 months you got to maintain ADB.

never expected it to work anyway, like i said banks not so silly.

 

[coolnhappy]

Use your PC Microsoft Office Excel formulas to help you do a simple calculation.
You can Google how to input, it's not hard.

Sample as below.



Sent from Mercedes-Benz E250 using GAGT

Thanks for your reply. It's not hard to do the calculation but I'm just concerned if I need to put in the money for at least 30 days first before I get any interest. According to your example, seems like interest is pro-rated and not tied to any fixed deposit duration.

 

[rerear]

Can say then that the SCB 500 offer for 4mth lock in isn't worth it right?

 

[kkcheng77]

Was looking at both E$saver and iSAVvy Savings Account (Maybank).
Am I right to say I should open Isavvy if I have none of them. (2.10%P.A)

Looking to deposit 35K in a non FD account.

 

[vsvs24]

Was looking at both E$saver and iSAVvy Savings Account (Maybank).
Am I right to say I should open Isavvy if I have none of them. (2.10%P.A)

Looking to deposit 35K in a non FD account.

No need to think. Maybank isavvy clear winner.

For 35k, it gives 2% in Oct and 2.1% in Nov & Dec.

Esaver only gives 1.8% and it is for Oct to Nov only.

 

[hwarzoner]

https://www.straitstimes.com/business/invest/stanchart-aviva-launch-sustainable-product-offerings fyi


Standard Chartered Bank (Singapore) yesterday launched its sustainable deposit offering for both corporate and retail clients in Singapore.

For retail clients, the bank is offering a promotional rate of 1.9 per cent interest for a minimum placement of US$5,000 (S$6,900) for a tenor of three months. Priority banking clients will get a rate of 2 per cent. The promotional period will last until Oct 31, and applies only to fresh funds with the bank.

 

[K_E_N_L_A_W]

If you are enrolled under the one year exclusive program, the top up bonus should be credited end of the month. If you top up in Aug, you should get it on end Aug only. Unless you top up more again on 1 Sep, then you will be getting another bonus again end Sep.

My balance has been reducing so unable to verify.

Awesome. Did a big topup this month (12 to 29 Oct) and the top up bonus has been credit along with the usual bank interest. Will update again when I get another interest on around 20th Nov.

 

[nobody1968]

please pm me and share too, if its really based on month end balance then everyone will just xfer in on last day to get the $3.5k and out next day, i doubt banks will be so silly


For me i just create a single and joint and rotate across the 2 for 2 months to fulfill the 4mth condition, was credited $500.

Can elaborate what u mean by rotate across the 2?

 

[bladez87]

Can say then that the SCB 500 offer for 4mth lock in isn't worth it right?

it is. Why not?

 

[Sausage]

For all those who got the letter about no need to keep cycling your esaver funds with another bank to keep getting the 1.8% bonus interest, when does this promo end? About a year already

Sent from Xiaomi REDMI 7 using GAGT