Standchart eSaver

[Squaredot]

No leh. I dun see 2%. They even have a table at the bottom of the page to show how the 3.8% works out.

I click the link I still see leh. It's right on top after the picture.

 

[DevilPlate]

if i understand it correctly, as long as received invitation and met conditions (be it fresh fund deposit), will become qualifying account with Bonus rate for the entire stated period.
And Clause 5 clearly stated that, in layman terms, bonus rate shall be match with any public rates if its higher. i.e the 3.8% for Dec and Jan

Yes, mine have the clause 5 as well. Cheers

 

[Imhthc]

I click the link I still see leh. It's right on top after the picture.

Are you using a laptop or PC? At least it is not appearing in my mobile phone browser.

 

[tweeety]

im waiting for hsbc ega to show their rate. so as of now is scb the 2nd highest interest rate at 3.8%?

 

[F1ngolf2012]

e.g of a promo t n c
https://av.sc.com/sg/content/docs/esaver-excl-bonus-nov22c-FAQ.pdf
read clause 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.

My 2.8% exclusive bonus interest invite was for October 2022 to May 2023. I wonder anyone here has SCB confirmation that the bonus interest rate is now bumped up to the new 3.80%?

 

[CaptainWu]

My 2.8% exclusive bonus interest invite was for October 2022 to May 2023. I wonder anyone here has SCB confirmation that the bonus interest rate is now bumped up to the new 3.80%?

Think I have the similar invite as you. I called this morning and the officer first said I have to deposit fresh fund and I asked her to double check, she then came back say I am eligible. Hope all is okay so I will leave my fund there May be you would like to call to double confirm this.

 

[F1ngolf2012]

Think I have the similar invite as you. I called this morning and the officer first said I have to deposit fresh fund and I asked her to double check, she then came back say I am eligible. Hope all is okay so I will leave my fund there May be you would like to call to double confirm this.

Yup! Sharing SCB's email confirmation below too:

Good afternoon Mr XXX

Thank you, I’m very well and hope you are doing good too

We are pleased to inform you that the bonus interest rate for your e$aver Exclusive Bonus Interest Promotions is revised with effect from 1 December 2022 as per below:

Prevailing Interest Rate on Deposit Balance (A)​	Bonus interest rate on ADB of up to S$5 million (B)​	Total interest rate on ADB of up to S$5 million (A+B)​
0.05% p.a.​	3.75% p.a.​	3.80% p.a.​

The qualified account is ending XXXX and there is no comparison month for this promo.

You will earn bonus interest of 3.75% on your eligible e$aver account average daily balance (ADB) of up to S$5 million.

 

[F1ngolf2012]

oh no wonder I have the impression of S$5mil
I'm on invite most of the time. Current invitation going to end soon, looking forward to their next invite!

Your next invite will be up to S$10mil.

 

[Squaredot]

likely will be credited today. No worries, this happened before and it's back-dated iirc, no lugi..

hehe the bonus interest credited on 21/11/2022 is back-dated to 17/11/2022

 

[Squaredot]

Your next invite will be up to S$10mil.

mian lah, I wish next SCB invite has higher bonus interest rate deposit ceiling can remain.

 

[Frostmourne1987]

Anybody encountered this - i just put money back with esaver this early morning at around 2am+ for this new promo window.. then this morning 11am check again kenna deduct $5 fall below fee alamak

Yes previously i left it at zero.. but i din expect to transfer my money back in only for them to deduct $5 so fast

 

[havetheveryfun]

Anybody encountered this - i just put money back with esaver this early morning at around 2am+ for this new promo window.. then this morning 11am check again kenna deduct $5 fall below fee alamak

Yes previously i left it at zero.. but i din expect to transfer my money back in only for them to deduct $5 so fast

they always deduct on the first day, u deposit back too early

 

[Hwsemb]

..

they always deduct on the first day, u deposit back too early

So if lets say we deposit some funds in the afternoon/evening of 1st day (or maybe 2nd day), the eSaver system will probably not make the $5 deduction (from a $0 balance) ?

 

[d5dude]

Wow u are right..are u working in a bank?
Esaver website updated nxt two months is 3.8%..omg! Got fd in scb only getting 3%

I dun work in a bank, I just know from experience that deposit rates tend to track overnight interbank lending rates closely.

 

[royalmix]

Anybody encountered this - i just put money back with esaver this early morning at around 2am+ for this new promo window.. then this morning 11am check again kenna deduct $5 fall below fee alamak

Yes previously i left it at zero.. but i din expect to transfer my money back in only for them to deduct $5 so fast

Always do your banking during branch banking hours as much as possible. Night time is for the bank system to process whatever they need, so do not disturb the computers or it will disturb you.

 

[chiokcc]

Always do your banking during branch banking hours as much as possible. Night time is for the bank system to process whatever they need, so do not disturb the computers or it will disturb you.

My self imposed cut-off time is never later than 10pm for bank transaction .... just a personal preference ....

 

[Devilsire]

Anybody encountered this - i just put money back with esaver this early morning at around 2am+ for this new promo window.. then this morning 11am check again kenna deduct $5 fall below fee alamak

Yes previously i left it at zero.. but i din expect to transfer my money back in only for them to deduct $5 so fast

lesson learnt.
i deposited in morning 9am+, no deduction

 

[pohw0008]

OCBC 4.65% so fast obsolete liao

Don't have 100k.. so scb should be better for the next two months..

 

[abcde83]

I dun work in a bank, I just know from experience that deposit rates tend to track overnight interbank lending rates closely.

No it does not

 

[d5dude]

No it does not

Yes it does. For sure not all banks are affected equally and the correlation is not 1, but there is high correlation between the 2, MAS Economists have published several papers on this if you dun care to observe it yourself.