Standchart eSaver

[tytyty333]

Hi all, I am new to esaver. Any explanation for the following term?

For the avoidance of doubt, any deposit, withdrawal or otherwise transaction in relation to your Qualifying Account(s) that takes place on the last day of a calendar month, falling on either a Sunday, a public holiday or a bank holiday, will not be taken into consideration for the purposes of the Bank’s computation of ADB and crediting of Bonus Interest.

 

[Squaredot]

i am still encountering transactions done that do not show up under Transaction History for the new App, but when I use desktop version, everything is fine.

My FAST transactions are REJECTED using new app. Use desktop is fine.
Also, new app doesn't seem to show credit card transaction is UNPOSTED or POSTED

Update: today can see UNPOSTED card transaction

 

[pantss]

I think it’s about getting used to its feature,other than the month end mishap where the apps failed to load the base interest for few days,everything seem ok,,so just get used to the layout shd do the trick

Not just a month-end thing. Selective transactions are shown. FAST takes several mins. Font small (no I don’t have presbyopia) and badly designed.

 

[zippo1979]

Not just a month-end thing. Selective transactions are shown. FAST takes several mins. Font small (no I don’t have presbyopia) and badly designed.

yeah it is ridiculous.. almost like the new SCB app is using a new engine/interface that is unable to talk properly to the rest of SCB systems.

THUMBSDOWN!

 

[3XTR3M1ST]

A bit confused about the current 3.8% promo. If I put in my funds on 1st of March after the rhb promo ended and it has been sitting in there ever since till now, is all the funds eligible for 3.8% for the past half of April? Need to play musical chair?

 

[Squaredot]

A bit confused about the current 3.8% promo. If I put in my funds on 1st of March after the rhb promo ended and it has been sitting in there ever since till now, is all the funds eligible for 3.8% for the past half of April? Need to play musical chair?

Oh no! R u on exclusive invite?
If u r not, current esaver bonus promo (1/4 to 31/5/2023 ) is using March ADB as reference month...do u have incremental fresh funds compared to March

 

[3XTR3M1ST]

Oh no! R u on exclusive invite?
If u r not, current esaver bonus promo (1/4 to 31/5/2023 ) is using March ADB as reference month...do u have incremental fresh funds compared to March

No invite... Means I wasted half month? Heng it's only 8k+

But now I need to find another place to park is it...

 

[vsvs24]

A bit confused about the current 3.8% promo. If I put in my funds on 1st of March after the rhb promo ended and it has been sitting in there ever since till now, is all the funds eligible for 3.8% for the past half of April? Need to play musical chair?

Current cycle is Apr to May. Which means you were in the cycle that ended Mar.

You will get 0.05% + 3.75% bonus interest for Mar.

But because Apr to May cycle uses Mar as the reference month for incremental bal, assuming your Apr bal is the same as Mar balance, incremental increase in bal is zero. So your Apr balance earns only 0.05%.

You should move your funds out immediately. Maybe move out today back to RHB first as the base interest is still better than 0.05%. Then plan where you can place them.

https://www.sc.com/sg/save/savings-accounts/esaver/

 

[3XTR3M1ST]

Current cycle is Apr to May. Which means you were in the cycle that ended Mar.

You will get 0.05% + 3.75% bonus interest for Mar.

But because Apr to May cycle uses Mar as the reference month for incremental bal, assuming your Apr bal is the same as Mar balance, incremental increase in bal is zero. So your Apr balance earns only 0.05%.

You should move your funds out immediately. Maybe move out today back to RHB first as the base interest is still better than 0.05%. Then plan where you can place them.

https://www.sc.com/sg/save/savings-accounts/esaver/

The tricky thing now is that I have about 8.5k already inside esaver that is rotting for the past half month, but then actually I have another FD that mature today. So I got a new 20K to park somewhere. Taking the 8.5k into account, should I put the 28.5k in rhb pp for the 2% or stay in esaver for the 3.8%?

 

[vsvs24]

The tricky thing now is that I have about 8.5k already inside esaver that is rotting for the past half month, but then actually I have another FD that mature today. So I got a new 20K to park somewhere. Taking the 8.5k into account, should I put the 28.5k in rhb pp for the 2% or stay in esaver for the 3.8%?

What other accounts do you have ? Do you have CIMB Fastsaver ?

 

[3XTR3M1ST]

Don't have. Ocbc360 already full, got uob one but no salary credit, rhbpp 2% only...

By the way since I already wasted the first half of April means next month I also cannot use this account to get the full rewards right?

 

[wutawa]

Don't have. Ocbc360 already full, got uob one but no salary credit, rhbpp 2% only...

By the way since I already wasted the first half of April means next month I also cannot use this account to get the full rewards right?

How abt hsbc ega? 5.35% not bad. U can read up the step up thread.

 

[8zaoyu]

Not just a month-end thing. Selective transactions are shown. FAST takes several mins. Font small (no I don’t have presbyopia) and badly designed.

1. I wish all bank apps let me change the font size and background colours. And if too long a passage/ lines to read, add a "read more....." , please don't clutter
2. If not many ask them to change, why they change ha? Worse if ask me to change phone for better versions!

 

[3XTR3M1ST]

How abt hsbc ega? 5.35% not bad. U can read up the step up thread.

Wanted to go for EGA when rhb promo ended but found it to confusing and gave up.

 

[vsvs24]

Don't have. Ocbc360 already full, got uob one but no salary credit, rhbpp 2% only...

By the way since I already wasted the first half of April means next month I also cannot use this account to get the full rewards right?

What is your average monthly bal for Mar ? Is it 8k+ ?

 

[konan~]

The tricky thing now is that I have about 8.5k already inside esaver that is rotting for the past half month, but then actually I have another FD that mature today. So I got a new 20K to park somewhere. Taking the 8.5k into account, should I put the 28.5k in rhb pp for the 2% or stay in esaver for the 3.8%?

If you have $8.5K in esaver for whole of Mar, and now you add you new $20K into esaver, your $28.5K will be earning an interest of 2.68% till end of May. If can find better rate than this, then withdraw from esaver and park it together with your new $20K somewhere else. Otherwise just dump everything in esaver.

 

[3XTR3M1ST]

What is your average monthly bal for Mar ? Is it 8k+ ?

Yes.

If you have $8.5K in esaver for whole of Mar, and now you add you new $20K into esaver, your $28.5K will be earning an interest of 2.68% till end of May. If can find better rate than this, then withdraw from esaver and park it together with your new $20K somewhere else. Otherwise just dump everything in esaver.

Thanks, can screenshot your calculator working?

How come till end of may not April? May no ADB increase...

 

[konan~]

Yes.

Thanks, can screenshot your calculator working?

How come till end of may not April? May no ADB increase...

If your ADB for Mar is $8.5K, this 8.5K will only earn 0.05% in the esaver for Apr and May. If you put in your $20K, this will be the new fund earning 3.80% starting now till end May. I simplify calculation to be per annum.
(8500*0.05%+20000*3.8%)/28500 = 2.68%.

May also compared with ADB for Mar and not Apr. That's the beauty of putting in scb.

 

[3XTR3M1ST]

If your ADB for Mar is $8.5K, this 8.5K will only earn 0.05% in the esaver for Apr and May. If you put in your $20K, this will be the new fund earning 3.80% starting now till end May. I simplify calculation to be per annum.
(8500*0.05%+20000*3.8%)/28500 = 2.68%.

May also compared with ADB for Mar and not Apr. That's the beauty of putting in scb.

I see, thank you!

 

[sohguanh]

If your ADB for Mar is $8.5K, this 8.5K will only earn 0.05% in the esaver for Apr and May. If you put in your $20K, this will be the new fund earning 3.80% starting now till end May. I simplify calculation to be per annum.
(8500*0.05%+20000*3.8%)/28500 = 2.68%.

May also compared with ADB for Mar and not Apr. That's the beauty of putting in scb.

It is the same game play mechanics for Maybank iSavvy just to share to other readers.