Standchart eSaver

[Angelite]

If you are on invite, wait till 20th when they credit the exclusive bonus interest.

Invite not based on incremental.

Thanks for replying !

 

[V_for_Vanilla]

If anyone have the same situation as me.

I am entitled based on 3.75% p.a. on the first S$5mil of e$aver account Average Daily Balance (ADB).

For period 01Apr-30Apr23.
The Bonus Interest what i get on 29th April is way lower than previous month (Period of Mar23).
I didn't withdraw any amount on Full Apr23.

Understand there is another Exclusive Bonus interest somewhere on 20th May 23. I am not sure if there will add on this together.

Did text CS and RM, they cant even answer my question.

I have posted earlier. CSO said in a situation like this look out for the Exclusive Bonus interest tranche coming later in the month. The different tranches should add up and make the total 3.75% interest or whatever promo rate one is on.

 

[maumu]

can understand why so many kanjiong spiders when they realised the bonus interest received on 31 April didn't add up..

people just need to read back a few pages to see what was already explained. no point calling the bank... but read the tnc document properly instead, and wait.

if by 20 May, still don't receive the exclusive bonus interest, then can raise a ticket.

just need to remember:
- base interest by last day of month
- bonus interest by last day of month
- exclusive bonus interest by 20th of the following month

 

[Suprememan]

can understand why so many kanjiong spiders when they realised the bonus interest received on 31 April didn't add up..

people just need to read back a few pages to see what was already explained. no point calling the bank... but read the tnc document properly instead, and wait.

if by 20 May, still don't receive the exclusive bonus interest, then can raise a ticket.

just need to remember:
- base interest by last day of month
- bonus interest by last day of month
- exclusive bonus interest by 20th of the following month

do you know how is the calculation % for the 3 interest credit add up to total 3.8% ?
- base interest by last day of month - 0.05%
- bonus interest by last day of month - _____%
- exclusive bonus interest by 20th of the following month. ____%

With the same amount in esaver acct for March 23 & April 23 but the bonus interest credit for Apr23 is way lower than Mar23 (12x times different).

How come ?

 

[maumu]

do you know how is the calculation % for the 3 interest credit add up to total 3.8% ?
- base interest by last day of month - 0.05%
- bonus interest by last day of month - __X__%
- exclusive bonus interest by 20th of the following month. _ Y__%

With the same amount in esaver acct for March 23 & April 23 but the bonus interest credit for Apr23 is way lower than Mar23 (12x times different).

How come ?

it depends on the promo cycle you're in for that particular month, and what is the exclusive bonus rate.

X is based on incremental balance between the month and the reference month.
Y is based on ADB between the month and reference month (of the exclusive bonus cycle, not necessarily the same as the bonus cycle) minus X.

so in gist, the bank 'tops up' the bonus in Y, such as X + Y = 3.75% (or higher, depending on the rate under the exclusive bonus cycle).

 

[chiokcc]

The UI in the new app is so difficult to navigate .... the colors used is pretty unappealing ......

 

[V_for_Vanilla]

just need to remember:
- base interest by last day of month
- bonus interest by last day of month
- exclusive bonus interest by 20th of the following month

Just to add. Ideally that is the case. In practice not always. At least that was my experience. In other words Bonus Interest do NOT always come in by last day of month. This is the reason why I got in touch with the bank. They could not explain why, but assures that all tranches should add up to make the total interest expected.

 

[maumu]

Just to add. Ideally that is the case. In practice not always. At least that was my experience. In other words Bonus Interest do NOT always come in by last day of month. This is the reason why I got in touch with the bank. They could not explain why, but assures that all tranches should add up to make the total interest expected.

that's really weird for your experience. mine was zhun zhun on the last day of Feb and Mar (I shifted back to HSBC for April) but now I'm back in eSaver for May.

anyways, as long as the bank accounts for it for you, I supposed nothing more to worry about (or what we can do).

banks these days... under a lot of 'stress' I think. just look at what happened to DBS yesterday.

 

[Mickey01]

I have posted earlier. CSO said in a situation like this look out for the Exclusive Bonus interest tranche coming later in the month. The different tranches should add up and make the total 3.75% interest or whatever promo rate one is on.

eSaver lauched public Apr to May 2023 BI promo with Mar 2023 as ref month.
If you are on the exclusive invite scheme
1. If your Apr2023 ADB is lower than Mar 2023 ADB, you will not receive exclusive bonus end of Apr. The full exclusive BI will be paid by 20 May 2023
2. If your May 2023 ADB is higher than Mar 2023, you will receive partial exclusive BI on 31 May and the balance by 20 Jun 2023

If they ever continue with a new promo for Jun & Jul ADB with ref month May 2023, then the partial exclusive credit on last day of month for Jun and Jul will be comapred against yor May 2023 ADB. The balance by the 20th

I have particpated in eSaver exclusive bonus interest invite pre COVID and post COVID, their BI credit is accurate to the cents .... they never eat any of my monies

 

[Mickey01]

do you know how is the calculation % for the 3 interest credit add up to total 3.8% ?
- base interest by last day of month - 0.05%
- bonus interest by last day of month - _____%
- exclusive bonus interest by 20th of the following month. ____%

With the same amount in esaver acct for March 23 & April 23 but the bonus interest credit for Apr23 is way lower than Mar23 (12x times different).

How come ?

If you are still interested to find out how much exclusive BI SCB credit end of month, refer to post #4280. Remember to adjust the Ref Month based on the public promo and your exclusive %.

If not, just chill and wait for 20th of the month. All should add up to your expectation.

 

[wav35_]

The UI in the new app is so difficult to navigate .... the colors used is pretty unappealing ......

yes i prefer the old interface too.
its always a case of things are working fine, why change it (for the worse).

 

[sohguanh]

yes i prefer the old interface too.
its always a case of things are working fine, why change it (for the worse).

Ppl my era has a term. Backside itchy go scratch it lor. Or my IT line when it ain't broke why fix it? Once you live longer in Spore or this world you get used to it. Move on.

 

[Jov1623]

<ADV> Top up your e$aver account with fresh funds and enjoy up to 3.80% p.a. interest on your eligible incremental balances from 1 Apr'23 to 31 May'23 (as compared to Mar'23, capped at S$2mil). Speak to your RM or visit our bank's website under Accounts & Deposits > e$aver for the e$aver Bonus Interest (1 Apr'23 to 31 May'23) Promo T&Cs. Insured up to S$75K by SDIC. Unsub on SC Mobile or Online Banking: Go to "Other Request" under Help & Services.

Now then top up , not worth right ?

 

[wutawa]

yes i prefer the old interface too.
its always a case of things are working fine, why change it (for the worse).

I only dont like my missing transaction

 

[wutawa]

<ADV> Top up your e$aver account with fresh funds and enjoy up to 3.80% p.a. interest on your eligible incremental balances from 1 Apr'23 to 31 May'23 (as compared to Mar'23, capped at S$2mil). Speak to your RM or visit our bank's website under Accounts & Deposits > e$aver for the e$aver Bonus Interest (1 Apr'23 to 31 May'23) Promo T&Cs. Insured up to S$75K by SDIC. Unsub on SC Mobile or Online Banking: Go to "Other Request" under Help & Services.

Now then top up , not worth right ?

I wont top up. Just wait for next period from 1 jun to 31 jul
Meanwhile can put trust or rhb or some high int accts.

 

[sohguanh]

I wont top up. Just wait for next period from 1 jun to 31 jul
Meanwhile can put trust or rhb or some high int accts.

You got insider info Jun - Jul SCB continue the promotion? Maybank iSavvy ended theirs already.

 

[DevilPlate]

You got insider info Jun - Jul SCB continue the promotion? Maybank iSavvy ended theirs already.

I believe SC will continue Esaver promo but maybe drop rates to 3.5% or so.
Is there a period where they stop?

 

[waterpighead]

I wont top up. Just wait for next period from 1 jun to 31 jul
Meanwhile can put trust or rhb or some high int accts.

I wont top up. Just wait for next period from 1 jun to 31 jul
Meanwhile can put trust or rhb or some high int accts.

Apart fr trust or rhb, can consider SIF Gosavers. Their interest is higher at 2.5%

 

[sohguanh]

I believe SC will continue Esaver promo but maybe drop rates to 3.5% or so.
Is there a period where they stop?

We shall know once May end and Jun start hahaha

 

[wutawa]

You got insider info Jun - Jul SCB continue the promotion? Maybank iSavvy ended theirs already.

sry, no insider info