Standchart eSaver

[F1ngolf2012]

New interest rates just fresh from the SCB oven:​

e$aver Bonus Interest (1 August 2022 to 30 September 2022) Promotion​

From now till 31 August 2022, earn up to 1.50% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to July 2022’s average daily balance)

PREVAILING INTEREST RATE ON DEPOSIT BALANCE	BONUS INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE	TOTAL INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
0.05% p.a.	1.45% p.a.	1.50% p.a.

* “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.

 

[CaptainWu]

New interest rates just fresh from the SCB oven:​

e$aver Bonus Interest (1 August 2022 to 30 September 2022) Promotion​

From now till 31 August 2022, earn up to 1.50% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to July 2022’s average daily balance)

PREVAILING INTEREST RATE ON DEPOSIT BALANCE	BONUS INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE	TOTAL INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
0.05% p.a.	1.45% p.a.	1.50% p.a.

* “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.

Good. I remember those on longer term plan with expire date next year would enjoy the same? Even we are not pumping in any new funds?

 

[F1ngolf2012]

Good. I remember those on longer term plan with expire date next year would enjoy the same? Even we are not pumping in any new funds?

As I understand from reading the old posts, what you said seems to be the case. I can't be sure as I did not get the invitation for longer term promo.

 

[Squaredot]

New interest rates just fresh from the SCB oven:​

e$aver Bonus Interest (1 August 2022 to 30 September 2022) Promotion​

From now till 31 August 2022, earn up to 1.50% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to July 2022’s average daily balance)

PREVAILING INTEREST RATE ON DEPOSIT BALANCE	BONUS INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE	TOTAL INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
0.05% p.a.	1.45% p.a.	1.50% p.a.

* “Fresh funds” means 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.

Thanks! Finally the website is updated..I have been checking since midnight
Good rates!

 

[vsvs24]

New interest rates just fresh from the SCB oven:​

e$aver Bonus Interest (1 August 2022 to 30 September 2022) Promotion​

From now till 31 August 2022, earn up to 1.50% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to July 2022’s average daily balance)

PREVAILING INTEREST RATE ON DEPOSIT BALANCE	BONUS INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE	TOTAL INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
0.05% p.a.	1.45% p.a.	1.50% p.a.

* “Fresh funds” means 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.

The wordings used is :

From now till 31 August 2022, earn up to 1.50% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to July 2022’s average daily balance)

So need to place $1m then can get 1.5% ? The tnc shows Aug in the description but when click in still old tnc for Jul. In the past think they phrase as upto $1 million but the "upto" is missing

 

[888888888888]

pdf not updated still after refreshing

 

[F1ngolf2012]

Thanks! Finally the website is updated..I have been checking since midnight
Good rates!

No worries. Happy to share as I too benefited from this forum.
Yup! It was not updated last night and not even this morning before 9.00am. I was on the call with SCB and before the call ended, CS told me that they just updated the new rate for 1 August 2022. A good outcome for people including myself who park their liquid fund in eSaver.

 

[F1ngolf2012]

The wordings used is :

From now till 31 August 2022, earn up to 1.50% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to July 2022’s average daily balance)

So need to place $1m then can get 1.5% ? The tnc shows Aug in the description but when click in still old tnc for Jul. In the past think they phrase as upto $1 million but the "upto" is missing

When I asked about the max limit amount of $1mil, SCB CS I spoke to say tnc are the same as previous cycle promo except the new higher rate.

 

[Squaredot]

The wordings used is :

From now till 31 August 2022, earn up to 1.50% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to July 2022’s average daily balance)

So need to place $1m then can get 1.5% ? The tnc shows Aug in the description but when click in still old tnc for Jul. In the past think they phrase as upto $1 million but the "upto" is missing.

Good spot! Indeed the "up to" is missing. But I'm pretty sure it should be up to $1m.
Website was still showing previous esaver promotion around 9am. Likely the person-in-charge is late, doing it in a hurry without proof reading the contents carefully before posting it to website bah

Just for info, it's up to $5m for Exclusive esaver promotion.

 

[vsvs24]

Good spot! Indeed the "up to" is missing. But I'm pretty sure it should be up to $1m.
Website was still showing previous esaver promotion around 9am. Likely the person-in-charge is late, doing it in a hurry without proof reading the contents carefully before posting it to website bah

Just for info, it's up to $5m for Exclusive esaver promotion.

We are so seasoned we don't spot this. I send to my friend and she ask is it must put $1m then can get 1.5%.

I have called hotline to inform them that the PDF of tnc still showing June Jul tnc. And suggest that they update the website also to make it clearer. CSO checked with dept and confirmed it is upto $1m.

I not sure if I got the invitation before. In the past just throw away because rates not attractive.

 

[F1ngolf2012]

Good spot! Indeed the "up to" is missing. But I'm pretty sure it should be up to $1m.
Website was still showing previous esaver promotion around 9am. Likely the person-in-charge is late, doing it in a hurry without proof reading the contents carefully before posting it to website bah

Just for info, it's up to $5m for Exclusive esaver promotion.

Or trying to double, triple confirm other banks' rates before pulling the final 1.5% rate trigger this morning?

 

[zer0ne]

Going to park for Aug and then shift to CIMB latest Sep offer.

 

[maumu]

Going to park for Aug and then shift to CIMB latest Sep offer.

can try musical chair with Maybank instead - 1% from $10k to $200k
https://www.maybank2u.com.sg/en/promotions/deposits/isavvy.page?

 

[vsvs24]

can try musical chair with Maybank instead - 1% from $10k to $200k
https://www.maybank2u.com.sg/en/promotions/deposits/isavvy.page?

CIMB fastsaver might be better from Sep

https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-sep22.html

 

[maumu]

CIMB fastsaver might be better from Sep

https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-sep22.html

fwah... I smell a war coming... very good news for savers

 

[Squaredot]

We are so seasoned we don't spot this. I send to my friend and she ask is it must put $1m then can get 1.5%.

I have called hotline to inform them that the PDF of tnc still showing June Jul tnc. And suggest that they update the website also to make it clearer. CSO checked with dept and confirmed it is upto $1m.

I not sure if I got the invitation before. In the past just throw away because rates not attractive.

Please thank your friend.. we can be quite blind to this. Next time ask her to help us with such blind spots

I think u were invited too but did not take it up as the rates were not attractive

 

[F1ngolf2012]

CIMB fastsaver might be better from Sep

https://www.cimb.com.sg/en/personal.../revision-of-interest-profit-rates-sep22.html

Sweet spot seems to be up to $75k with effective interest rate of 1.533%. If you have amount above 75k, you would need to work out if it is going to be better than eSaver 1.5%. The other factor to consider is CIMB daily limit transfer of 50k (not sure if they have increased) versus SCB 200k. Personally, CIMB current Sep rates is not good enough for me to move the needle.

 

[F1ngolf2012]

fwah... I smell a war coming... very good news for savers

Savers to the moon!

 

[zer0ne]

can try musical chair with Maybank instead - 1% from $10k to $200k
https://www.maybank2u.com.sg/en/promotions/deposits/isavvy.page?

Maybank abit lagging this time roun.

 

[maumu]

Maybank abit lagging this time roun.

yeah, it used to run neck to neck with SC eSavers... those were the days.

now CIMB moving in as 3rd horse. looks like need to (re)open a new CIMB account next month hahaha..