Standchart eSaver

[cryingbaby1]

Hi, need some help on the E$aver exclusive promotion invite. Today, I have received the 3.8% exclusive invite. Can I know which accounts are being qualified for this promotion. In the Frequently Asked Question, it mentioned that "they have indicated in the communication sent to you the last 4 digits of your automatically qualified accounts for this promotion". But I wasn't able to find the which account is eligible for this promotion.
Thanks

 

[havetheveryfun]

Hi, need some help on the E$aver exclusive promotion invite. Today, I have received the 3.8% exclusive invite. Can I know which accounts are being qualified for this promotion. In the Frequently Asked Question, it mentioned that "they have indicated in the communication sent to you the last 4 digits of your automatically qualified accounts for this promotion". But I wasn't able to find the which account is eligible for this promotion.
Thanks

the 3.8% email this month isnt the exclusive promo invites, everybody gets it as long as it states only till january 31st

 

[cryingbaby1]

the 3.8% email this month isnt the exclusive promo invites, everybody gets it as long as it states only till january 31st

this invite will extend until May '23. I am thinking of lock in the rate if in any case, the interest rate goes down after January, I will still get the 3.8%. And if the public rate increase, I still can get the increased rate.

 

[888888888888]

Thanks EveMuffins, jov1623 and iduncheckmail. Can any of you kindly advise if SC e-Saver is a good account to alternate / play musical chair with RHB High Yield Savings Account (for say $30K) month after month? I have transferred (and just left $0.01) funds out of my RHB HYSA and am looking for an account to park the $30K. Or which (hassle-free) account do you all recommend? UOB One? OCBC 360? Citi Plus Savings? SingLife? SIF GoSavers Account?

yes it is relatively good no-frills account, that you can pair with uob one.
the rates are short term high only. enjoy it while it lasts and still can

actually one-mth is high, so they can profit even with no loans or anything in the picture. rhb is one that reflects the closest.

 

[jywy2005]

Any fall below fees for this esaver Acc? Must have min $2k?

 

[royalmix]

Any fall below fees for this esaver Acc? Must have min $2k?

1k min, otherwise fall below fee $5 will be charged. However, if u keep zero balance on last day of mth, nothing to deduct/charge. But pls make sure u dun deposit at or past midnight on the first day of mth or you will lose $5! Always do your ibanking during day time before cutoff time. Read earlier post, someone kena!

 

[jywy2005]

1k min, otherwise fall below fee $5 will be charged. However, if u keep zero balance on last day of mth, nothing to deduct/charge. But pls make sure u dun deposit at or past midnight on the first day of mth or you will lose $5! Always do your ibanking during day time before cutoff time. Read earlier post, someone kena!

Thanks for your help and tips in moving the funds. I will be using this acc to play musical chair with rhb one.

 

[DevilPlate]

this invite will extend until May '23. I am thinking of lock in the rate if in any case, the interest rate goes down after January, I will still get the 3.8%. And if the public rate increase, I still can get the increased rate.

Invitation rates no guaranteed, SCB can revise anytime they wish.

 

[a4973]

Invitation rates no guaranteed, SCB can revise anytime they wish.

I am not in eSaver but exploring feasibility. So you are saying that though an invitation state bonus interest till may 23 but SC can revise at anytime before may 23? Or they have to abide by the invitation's timeline and only revise after May 23 in the above eg? Thanks

 

[Ahboy069]

I got email stated until june

 

[Joelleyuan]

any fees when closing the esaver acc if they revise the rates?

 

[revhappy]

any fees when closing the esaver acc if they revise the rates?

Just keep 0 balance and leave it open until 6 months and then you can close it for free. I have tested with most SG banks. Leave 0 balance on last day of month, there is no money to deduct fall below fee, so they don't deduct. If you keep some balance then they deduct.

 

[DevilPlate]

I am not in eSaver but exploring feasibility. So you are saying that though an invitation state bonus interest till may 23 but SC can revise at anytime before may 23? Or they have to abide by the invitation's timeline and only revise after May 23 in the above eg? Thanks

Best to read all the clauses in your invitation notice as it might varies.

mine got a clause 10 that states the Bank may modify the rates without prior notice.

 

[Ahboy069]

Is there a possibility that scb lowers interest rate although they email to promise 3.8% till june 23

 

[DevilPlate]

Is there a possibility that scb lowers interest rate although they email to promise 3.8% till june 23

depends on how long your promised period is…..

if Fed maintain high interest throughout whole of 2023, 3.8% likely to stay as well.

 

[havetheveryfun]

Just keep 0 balance and leave it open until 6 months and then you can close it for free. I have tested with most SG banks. Leave 0 balance on last day of month, there is no money to deduct fall below fee, so they don't deduct. If you keep some balance then they deduct.

not all thought, i remember someone said citibank will put ur account into negative balance, then when u put money in they deduct away from that

 

[sgreview]

Just keep 0 balance and leave it open until 6 months and then you can close it for free. I have tested with most SG banks. Leave 0 balance on last day of month, there is no money to deduct fall below fee, so they don't deduct. If you keep some balance then they deduct.

Did u try this with DBS multiplier? Used to keep it at 0 coz no use, and no deduction. But recently, suddenly deducted fee and goes into negative

 

[havetheveryfun]

Did u try this with DBS multiplier? Used to keep it at 0 coz no use, and no deduction. But recently, suddenly deducted fee and goes into negative

u became 30 yrs old recently ?

 

[vsvs24]

I am not in eSaver but exploring feasibility. So you are saying that though an invitation state bonus interest till may 23 but SC can revise at anytime before may 23? Or they have to abide by the invitation's timeline and only revise after May 23 in the above eg? Thanks

Std Chart even their FD also state can change the rate.

 

[pohw0008]

Did u try this with DBS multiplier? Used to keep it at 0 coz no use, and no deduction. But recently, suddenly deducted fee and goes into negative

Ya.. i call dbs to waive and cancel the account..