That is my same interpretation after I received SC marketing email. Basically for those who enjoy the previous 0.80% promotion for the Jun-Jul, that amount of monies will not qualify for the ongoing Aug-Sep promotion for bonus interest. The 0.05% will apply though.That's how I read this:
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I also read it that September also gets compared to July, and not to August.
That is why I on 01 Aug all (left about 1K for minimum balance) and shift out already to others like CIMB etc