Standchart eSaver

[chinnian]

Anyone knows if I can close my eSaver accounts without going to the branch? Thanks.

 

[crystalnox]

Anyone knows if I can close my eSaver accounts without going to the branch? Thanks.

Yes, give them a call. But if esaver is your only account left with SCB then I'm not so sure.

 

[F1ngolf2012]

Anyone knows if I can close my eSaver accounts without going to the branch? Thanks.

Any reason to close your esaver account even if you are not planning to leave your fund there?

 

[reddevil0728]

Any reason to close your esaver account even if you are not planning to leave your fund there?

there's a fall below fee no?

 

[F1ngolf2012]

https://av.sc.com/sg/content/docs/sg-esaver-tnc.pdf

 

[NietBelangrijk]

there's a fall below fee no?

There is a $5 fall below fee if the avarage daily balance for a month is below $1000 but I have never had them actually charge me.
I frequently completely empty my eSaver account (in fact, it is 0$ right now).

One thing worth adding is that I do have Priority Banking and also other accounts with SC that contain funds. Not sure if that matters.

 

[F1ngolf2012]

there's a fall below fee no?

All along there were no fee charge on my eSaver accounts which have only a few $.
Hence, it never occurs to me there is fall below fee.

 

[pilotwannabe]

Moving my fund from SC to CIMB Fastsaver, at least the 1st $50k it pays 1%, next 25k pay 1.5%, another 25k pay 1.8%. Above 100k it pays 0.6% though.

 

[wutawa]

Yes.

Also opened CIMB Starsaver which pay 0.8%

Thus,

100k in Fastsaver @ 1.38%
100k in Starsaver @ 0.80%

Both beat eSaver 0.70% hand down.

Sent from Mercedes-Benz E250 using GAGT

Fastsaver is 1.325%. If u going for int, u should open fastsaver-i, also 1.325%

Being a Priority account holder, there will be no fall below charges.

Yes no $5 charges, even you leave it to $Zero for many months.

Sent from Mercedes-Benz E250 using GAGT

No fall below fee if your balance is $0 even for non-priority.

 

[reddevil0728]

Fastsaver is 1.325%. If u going for int, u should open fastsaver-i, also 1.325%


No fall below fee if your balance is $0 even for non-priority.

will they go deduct the next time u put money inside?

 

[wutawa]

will they go deduct the next time u put money inside?

Nope, esaver is a saving acct. Unless your balance goes negative with overdraft for current acct.

 

[pilotwannabe]

Yes.

Also opened CIMB Starsaver which pay 0.8%

Thus,

100k in Fastsaver @ 1.38%
100k in Starsaver @ 0.80%

Both beat eSaver 0.70% hand down.

Sent from Mercedes-Benz E250 using GAGT

Seems like there is no upper limit for Starsaver, any amount more than $100k will let you earns 0.80% too, best is, top up $500 per month will let you earn 1.00% for the entire sum.

So for a single account holder :
100k in Fastsaver @ 1.38%
100k in Fastsaver-i @ 1.38%
Any amount in Starsaver @ 0.80% (top up $500/month for 1.00%)

Bye bye e-Saver

 

[hwarzoner]

Wa Lau only 0.7%

 

[P R N D]

Seems like there is no upper limit for Starsaver, any amount more than $100k will let you earns 0.80% too, best is, top up $500 per month will let you earn 1.00% for the entire sum.

So for a single account holder :
100k in Fastsaver @ 1.38%
100k in Fastsaver-i @ 1.38%
Any amount in Starsaver @ 0.80% (top up $500/month for 1.00%)

Bye bye e-Saver

Correction 1.325% not 1.38%

Sent from Mercedes-Benz E250 using GAGT

 

[Greenleaf06]

Can open online for fastsaver-i account?

 

[havetheveryfun]

1st time in a long while that dbs fixed deposits are actually attractive

 

[F1ngolf2012]

Seems like there is no upper limit for Starsaver, any amount more than $100k will let you earns 0.80% too, best is, top up $500 per month will let you earn 1.00% for the entire sum.

So for a single account holder :
100k in Fastsaver @ 1.38%
100k in Fastsaver-i @ 1.38%
Any amount in Starsaver @ 0.80% (top up $500/month for 1.00%)

Bye bye e-Saver

How does the $500/mth for 1.00% work?
e.g. If I deposit 100k to Starsaver today, how do I get 1.00% instead of 0.08%?

What is Fastsaver-i?

 

[F1ngolf2012]

How does the $500/mth for 1.00% work?
e.g. If I deposit 100k to Starsaver today, how do I get 1.00% instead of 0.08%?

What is Fastsaver-i?

Got the answer:
FastSaver-i
Up to 1.0 % Profit rate p.a.
Shariah-compliant
Minimum Deposit of SGD 1,000

Looks like Fastsaver-i is up to 1.0% profit rate p.a. Does it mean that the 1.0% rate is not guaranteed?

 

[wutawa]

Cimb acct q&a better post in cimb thread

 

[SoapDropper]

I was actually charged fall below of $5 for May though. Accidentally left some money inside and saw $5 fall below fee being charged in the account history.