Standchart eSaver

[pohw0008]

bro, i moved the money out on 1 & 2 Feb. since Feb only got 28 days, izzit means i should only move the money back in after exactly THIRTY DAYS ?

You can only move in 1st April assuming the promo is still the same..

 

[hwarzoner]

feb and mar promo - earn interest for incremental fresh funds* (compared to January 2023 average daily balance)
Apr and May promo- earn interest for incremental fresh funds* (compared to Mar 2023 average daily balance)
Jun and Jul promo - earn interest for incremental fresh funds* (compared to May 2023 average daily balance)
And so on, assuming no change

 

[PC-User]

feb and mar promo - earn interest for incremental fresh funds* (compared to January 2023 average daily balance)
Apr and May promo- earn interest for incremental fresh funds* (compared to Mar 2023 average daily balance)
Jun and Jul promo - earn interest for incremental fresh funds* (compared to May 2023 average daily balance)
And so on, assuming no change

Actually depends on one's other planning, can do +-+-+-+- instead of ++--++-- also right?

 

[Joelleyuan]

You can only move in 1st April assuming the promo is still the same..

oh, i read/understand wrongly izzit?
* “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.
i sort of missed out the last few words "of the Promotion Period"..... so meaning if i move the money back in on 4 or 5 March also no use right?

 

[havetheveryfun]

oh, i read/understand wrongly izzit?
* “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.
i sort of missed out the last few words "of the Promotion Period"..... so meaning if i move the money back in on 4 or 5 March also no use right?

they not so strict on the fresh funds definition.

but u are right u move the money back on 4 or 5 march is no use, but is not due to the fresh fund definition, is how the promotion works.

Feb-Mar promotion is based on Jan ADB. so even if u move in back on 4th March, it will still compare to your Jan ADB and not Feb ADB.

 

[wutawa]

I transferred $1k from bonussaver to esaver on 1 feb. Then out to other bank and back to esaver. Hope it works.

 

[Cookie Muncher]

fresh funds means cannot be within the bank accounts, must be transferred from Another bank

 

[havetheveryfun]

I transferred $1k from bonussaver to esaver on 1 feb. Then out to other bank and back to esaver. Hope it works.

ddoes work but there is a risk they can claw back the bonus interest anytime they want

 

[wutawa]

btw, inactive scb savings/current account will auto-dormant after 6 mths w/o any notice. debit money will take 2 business days to re-activate.

 

[FlyGuardX]

btw, inactive scb savings/current account will auto-dormant after 6 mths w/o any notice. debit money will take 2 business days to re-activate.

can go atm deposit money then will activate

 

[rajeev3001]

eSaver account does not come with a Debit card?

 

[Hulky8]

Actually depends on one's other planning, can do +-+-+-+- instead of ++--++-- also right?

 

[Hulky8]

I just wonder what is Scb up to,,,,they still pay 3.8% on new fresh fund.But by only giving 0.05%
on existing balance,they re just driving old funds away.So what is the logic if what the bank wants is to attract liquidity,I am sure Scb staff are utterly frustrated at so much unnecessary admin work

 

[DevilPlate]

I just wonder what is Scb up to,,,,they still pay 3.8% on new fresh fund.But by only giving 0.05%
on existing balance,they re just driving old funds away.So what is the logic if what the bank wants is to attract liquidity,I am sure Scb staff are utterly frustrated at so much unnecessary admin work

Maybank isavvy, RHB hysa all the same.
in fact, this is the first time Scb sent invites for esaver promo as long as 6-8 months for those selected customers.

 

[henrylbh]

eSaver account does not come with a Debit card?

I got a debit and never use for more than 10 years. Don't know still useable l

 

[rajeev3001]

I got a debit and never use for more than 10 years. Don't know still useable l

Lol. cards expire in 5 years?

 

[jywy2005]

I just wonder what is Scb up to,,,,they still pay 3.8% on new fresh fund.But by only giving 0.05%
on existing balance,they re just driving old funds away.So what is the logic if what the bank wants is to attract liquidity,I am sure Scb staff are utterly frustrated at so much unnecessary admin work

This is to encourage people to play musical chair with the funds. Rotate with RHB HYSA. Might as well put in FD.

 

[henrylbh]

Lol. cards expire in 5 years?

May be you are right. But it doesn't matter as I don't even know where I kept my card. As for my credit, I have 3 cards with same 16 digits given to me. Can I activate all 3 and use any one of them? Never used for very long time, tho I activated one of the 3 cards. My 3 sup card holers were also given 3 cards each of same numbers as they came altogether on renewal

 

[craze_ho]

Esaver account got any condition? Is it my Ang mo fail I understand as need to have 2million then get 3.8%?

 

[Joelleyuan]

Esaver account got any condition? Is it my Ang mo fail I understand as need to have 2million then get 3.8%?

at first i also thought is my Engrish lousy. then i show my brother who at least study till Uni, he read once also jitao ask me "you got 2 million meh?!"
LoL
but edmwer here said, is UP TO 2 million.

btw i applied online then very long didn't receive temp pw for logging in so i went down to a branch and shunbian asked for atm card,
end up they told me eSaver acc means no cards (no matter atm or debit card) will be issued.