Standchart eSaver

[F1ngolf2012]

Thanks. Do you mean transfer the balance from one esaver to another esaver account? As in a family member's esaver account? So just transfer back and forth?

Transfer from one eSaver to another bank and back to second eSaver account.

 

[direbmem]

You think people 全副身家 put into one bank meh? For me no amount of interest can make me do that. Earn lesser no problem, I rather diversify into multiple banks.

Yeah me 200k in RHB, the rest split in eSaver/OCBC/UOB.

 

[direbmem]

My interest is about 2.3k for dec if not wrong, not much but can help defray monthly expenses.

Nice that's like 600k+ in principal.

 

[touchring1]

Transfer from one eSaver to another bank and back to second eSaver account.

Like this also can? But for that month or at least that day, the interest should be lost right?

 

[sohguanh]

Like this also can? But for that month or at least that day, the interest should be lost right?

Becuz readers have tested the system when it is 0 SCB do not deduct fall below fee so the other account no lose out anything for the month it sit there wth 0

 

[F1ngolf2012]

Like this also can? But for that month or at least that day, the interest should be lost right?

There should not be any interest loss as long as the first day of the promotion cycle is not a Sunday/public holiday and the amount is not more than the daily limit of 200k. e.g. current promo cycle ends 31 Jan 2023. Just transfer out on 1 Feb 2023 (Wednesday) to another bank and back to another eSaver on the same day.

 

[F1ngolf2012]

Becuz readers have tested the system when it is 0 SCB do not deduct fall below fee so the other account no lose out anything for the month it sit there wth 0

My rule of thumb is not to have 0 balance in any bank account that is tagged to a promotion if you don't want to have a rude surprise.

 

[F1ngolf2012]

Nice that's like 600k+ in principal.

Shouldn't it be $726k+?

 

[touchring1]

Yeah me 200k in RHB, the rest split in eSaver/OCBC/UOB.

Isn't 200k in RHB a bit risky? Wah, I just took a look at their website, for 200k, it's like over 5% until 28 Feb 2023?

 

[direbmem]

Isn't 200k in RHB a bit risky? Wah, I just took a look at their website, for 200k, it's like over 5% until 28 Feb 2023?

Ya but can fast out whole 200k anytime immediately if hear any bad news. Risk of 125k la, but limited risk still. Many other bigger sharks here have all in RHB.

 

[havetheveryfun]

My interest is about 2.3k for dec if not wrong, not much but can help defray monthly expenses.

2.3k called not much ? is more than an ITE or poly fresh grad pay already

 

[d5dude]

Isn't 200k in RHB a bit risky? Wah, I just took a look at their website, for 200k, it's like over 5% until 28 Feb 2023?

Its certainly riskier, but I think the perception of this risk is much higher than actual risk. IOW this is a confidence issue, not an actual balance sheet or an issue about fundamentals.

 

[gnooliew]

Its certainly riskier, but I think the perception of this risk is much higher than actual risk. IOW this is a confidence issue, not an actual balance sheet or an issue about fundamentals.

I put more way more than 200k in RHB for the promo... personal risk appetite la, whatever one is comfortable with. In SG, risk of bank default or bank run is low.

 

[vsvs24]

There should not be any interest loss as long as the first day of the promotion cycle is not a Sunday/public holiday and the amount is not more than the daily limit of 200k. e.g. current promo cycle ends 31 Jan 2023. Just transfer out on 1 Feb 2023 (Wednesday) to another bank and back to another eSaver on the same day.

Std Chart has a cutoff time. Transfer after that time is counted as next working day value date.

Can't remember the cutoff time.

 

[V_for_Vanilla]

Just received another email invitation from SCB on eSaver.
Seems like they now require minimum top up of 100k.



Dear MR XXXXX,

As our valued client, you can earn up to 3.80% p.a. interest on your e$aver balances.

From now till 30 April 2023, you will earn interest on balances in your eligible e$aver account(s) in the manner as set out below.

Simply top up your account with fresh funds^ of minimum S$100,000 by 15 January 2023, such that your deposit balance on 15 January 2023 is at least S$100,000 higher as compared to your deposit balance on 31 October 2022, to qualify for the promotion.

 

[F1ngolf2012]

Std Chart has a cutoff time. Transfer after that time is counted as next working day value date.

Can't remember the cutoff time.

AFAIR, SCB weekday and Saturday's cut off time is comparable to local banks and better than HSBC. Having said this, I usually would try to do my transfers by noon time.

 

[havetheveryfun]

Just received another email invitation from SCB on eSaver.
Seems like they now require minimum top up of 100k.



Dear MR XXXXX,

As our valued client, you can earn up to 3.80% p.a. interest on your e$aver balances.

From now till 30 April 2023, you will earn interest on balances in your eligible e$aver account(s) in the manner as set out below.

Simply top up your account with fresh funds^ of minimum S$100,000 by 15 January 2023, such that your deposit balance on 15 January 2023 is at least S$100,000 higher as compared to your deposit balance on 31 October 2022, to qualify for the promotion.

how to tell which acc qualifies for it and also the ADB for oct? already forgot lol

but u dont need to top up 100k if u are talking about the regular 2 months cycle.. this is different, previously people already got the invitation too

 

[PC-User]

Just received another email invitation from SCB on eSaver.
Seems like they now require minimum top up of 100k.



Dear MR XXXXX,

As our valued client, you can earn up to 3.80% p.a. interest on your e$aver balances.

From now till 30 April 2023, you will earn interest on balances in your eligible e$aver account(s) in the manner as set out below.

Simply top up your account with fresh funds^ of minimum S$100,000 by 15 January 2023, such that your deposit balance on 15 January 2023 is at least S$100,000 higher as compared to your deposit balance on 31 October 2022, to qualify for the promotion.

A pity never received such offer. My end Oct balance was at 1000 only. Or probably that's why they won't offer?

 

[d5dude]

I put more way more than 200k in RHB for the promo... personal risk appetite la, whatever one is comfortable with. In SG, risk of bank default or bank run is low.

I put down 1m also can sleep soundly every night.

 

[PC-User]

I put down 1m also can sleep soundly every night.

You must have 1m each in many other banks/investments. Of course lah.