the Oct promo will have reference to Sep for incremental fresh funds.
Standchart eSaver
- Thread starter mdax23
- Start date
It seem they have changed strategy they go for invite ppl. Ppl who like to jump around they don't want?
Only priority customers are invited. Need 200k to be a priority customer.
demoforce1
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not correct, i am on priority and not invited, but I don't have 200k with them now
i anticipate SCB will up bonus rate to 1.75% for the Oct to Nov 2022 promo
I just realised - after reading the tnc again - that SC will 'update' the bonus interest rates if the rates are higher.
5. Notwithstanding Clause 4 above, in the event that the bank offers to the Bank’s other customers holding Eligible Account(s), a bonus interest rate higher than Bonus Interest Rate (“Higher Bonus Interest Rate”) for any e$aver bonus interest promotion, indicated on our website as open to all Eligible Account(s) held during the Bonus Interest Earning Period, your Bonus Interest for that month will be computed at such Higher Bonus Interest Rate, subject to these terms.
I'm not sure if it applies to those who are on the older 1.8% if we will get "upgraded" to 2.2%? or because the 2.2% is for selected pool of clients the clause does not apply.
anyway.. currently parking at RHB/EGA until November so hopefully by then, there's more clarity.
anyone got invite for both 1.8% and 2.2%? I didn't get the 2.2% invite... not sure if it's because I'd already parked $100k on 31 Aug with them.
5. Notwithstanding Clause 4 above, in the event that the bank offers to the Bank’s other customers holding Eligible Account(s), a bonus interest rate higher than Bonus Interest Rate (“Higher Bonus Interest Rate”) for any e$aver bonus interest promotion, indicated on our website as open to all Eligible Account(s) held during the Bonus Interest Earning Period, your Bonus Interest for that month will be computed at such Higher Bonus Interest Rate, subject to these terms.
I'm not sure if it applies to those who are on the older 1.8% if we will get "upgraded" to 2.2%? or because the 2.2% is for selected pool of clients the clause does not apply.
anyway.. currently parking at RHB/EGA until November so hopefully by then, there's more clarity.
anyone got invite for both 1.8% and 2.2%? I didn't get the 2.2% invite... not sure if it's because I'd already parked $100k on 31 Aug with them.
you left out the words after the comma ............ "indicated on our website as open to all eligible Account(s) ....." the 2.2% was by invite .... so call hush hush and not indicated in the website
xXxJavierxXx
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I'm priority with around 500k with them. I didn't get any invitations before.
Then you should write,call and check why they leave you out? Yours is way over the 200k another reader mention
If you login to internet banking, there is a chat with RM function.
But the catch is the promo is for incremental funds. Which means you need to move out the funds (before invitation) then move in.
Makes me wonder if they are only inviting priority customers with low balance but have movement in the accounts.
So conservative. I am expecting at least 1.9% but more likely exceed 2%.i anticipate SCB will up bonus rate to 1.75% for the Oct to Nov 2022 promo
They probably saw a lot of deposits flow in on 31 Aug only to be pulled out on first few days of Sep.
Btw I was pleasantly surprised that FAST transfer daily limit of Std Chart is 200k. I thought it was 100k initially.
amongst the 3 local banks DBS/OCBC/UOB, OCBC lowered the daily limit to $100,000. The other 2 remained at $200,000.
I am benchmarking against iSavvy promo ... which in the past, esaver promo and isavvy promo are always neck to neck.
UOB Daily Max is $100,000. Do you have UOB Privilege Banking?
OCBC Premier FAST Max is $200,000 Daily.
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In the past these 2 were the highest so they just need to compete with each other.
Now so many more non-frills, including digital banks. FD rates are also high. SSB also higher. They too shortsighted if just look at Maybank isavvy.
If they don't up too much for esaver, means they more interested in developing Trust Bank with NTUC
oh .. so that's the difference. Yes, I do have Privilege Banking with UOB.
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1. digital bank GXS based only 0.08% up to $5k. Not too sure what is that 1.58% for pockets. I think SCB do not usually compete in this micro category
2. Trust Bank is 1% up to $50k (max) and then you add 0.2% or 0.4% depending whether you NTUC member or not with some card spend. This is a huge new potential customer base for SCB which can be acquired at a lower interest rates once they start to market to union members.
I'm one of them haha. moved in on 31 Aug (to qualify for the 1.8%) and then move out the next day because of RHB's surprise promo.
shouldn't have moved in actually, could have caught the 2.2% promo instead. anyway it's inconsequential for now since I'm rotating between RHB and EGA for now until November at least.
hopefully RHB will extend the promo after November or the rates will go higher by then for most banks.
Those on 1.8% won't get the 2.2%.
But should get the higher increase announced publicly for Oct to Nov.
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