Standchart eSaver

[sglandscape]

Go where?

Can rotate between HSBC EGA and RHB HYSA, and keeping SCB ESAVER as a backup.

 

[Joelleyuan]

e$aver Bonus Interest (1 February 2023 to 31 March 2023) Promotion​

From now till 31 March 2023, earn up to 3.80% p.a. interest on eligible deposit balance of S$2 million with no lock-in period when you bring in incremental fresh funds* (compared to January 2023 average daily balance)

PREVAILING INTEREST RATE ON DEPOSIT BALANCE	BONUS INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE	TOTAL INTEREST RATE ON ELIGIBLE INCREMENTAL BALANCE
0.05% p.a.	3.75% p.a.	3.80% p.a.

Can i ask if I've opened this eSaver acc in Dec, so do i still get this 3.8% by leaving the money inside?

 

[lzydata]

Can i ask if I've opened this eSaver acc in Dec, so do i still get this 3.8% by leaving the money inside?

Depends on your January 2023 average daily balance. For example if you had $1k on average inside in January, and you transfer in $20k today and keep it there, you earn 3.8% pa interest on $20k (not the $1k) for Feb and Mar.

 

[Joelleyuan]

Depends on your January 2023 average daily balance. For example if you had $1k on average inside in January, and you transfer in $20k today and keep it there, you earn 3.8% pa interest on $20k (not the $1k) for Feb and Mar.

hmm.... that means i should move my money liao....

 

[Joelleyuan]

Bye bye eSaver for now

Bro, should i close the account or just leave 1k inside??

 

[havetheveryfun]

Bro, should i close the account or just leave 1k inside??

if u move out now. then at next cycle apr to may it still 3.8% or higher or maybe just 3%+ which you happy wiith. then u can move back and get 3.8% fo apr to may. then start of june move out again.. playing musical chair.

some said can just zero the acc and u wont get deducted fall below fee.. but cannot deposit back too early on the 1st or they will deduct from the new balance.. but this one no guarantee... dont know how it works.

 

[demoforce1]

Bro, should i close the account or just leave 1k inside??

leave 1k inside

 

[pantss]

this feb-mar promo no need merry go round arh?

 

[royalmix]

Bro, should i close the account or just leave 1k inside??

tip, I leave it zero for donkey years!

 

[pohw0008]

this feb-mar promo no need merry go round arh?

Need as usual unless is special invitation

 

[Young_Man]

Anyone experience intermittent and slowness when accessing SC online website or app? Slow to navigate around and sometimes log me out abruptly.

 

[flikmy]

Anyone experience intermittent and slowness when accessing SC online website or app? Slow to navigate around and sometimes log me out abruptly.

Yeah, it's been quite bad both yesterday and today.
However, the mobile app seems to be fine.

 

[Joelleyuan]

Need as usual unless is special invitation

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 ?

 

[iduncheckmail]

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 ?

 

[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.