Standchart eSaver

[havetheveryfun]

My special invite will end in June 2023!

It has been good for a year. No choice but to empty my eSaver account in a few days time.

empty to where ?

 

[ahchan]

yeah, agree with Mickey.

@ahchan
Important read the T&Cs of your invite.
If u need clarification on any part of the T&C, cut & paste it here, we may be able to help u out.

I think #m23a is still under the old scheme and thus there is no requirement for the ADB to be higher than reference month.

I am not sure if the new offers include that or not. At least I have not received any new offer yet.

You may check out the T*C here for #m23a:
https://www.sc.com/sg/terms-and-conditions/esav-m23a/
Please kindly let me know if my understanding is wrong.
At least for the last 3 offers that I had with SC, there was no such requirement on incremental ADB.

 

[GrandJedi]

empty to where ?

Thats a problem.. I only have CIMB FastSaver... about 2% only... (the only one I know without hoops to jump over)

1. DBS Multiplier (max $50k)

 

[Buzy_bee]

Thats a problem.. I only have CIMB FastSaver... about 2% only... (the only one I know without hoops to jump over)

1. DBS Multiplier (max $50k)

GXS 3.48% but up to $5k only

 

[AlvinDj]

Thats a problem.. I only have CIMB FastSaver... about 2% only... (the only one I know without hoops to jump over)

1. DBS Multiplier (max $50k)

Why not SIF GoSaver instead? for 2.5% no frills, or if you can open Maribank, also 2.5% no frills..

 

[magicming]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

 

[sohguanh]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

Can I know the above points is based on your and frens and family members trial and error experiment? Or you have frens and family members working in SCB who shed some light? Reason is becuz quite a few readers has asked on this in this thread. What are the criteria SCB use to trigger an invite.

 

[royalmix]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

You are just guesssing right?
I met 1 and 2, never get invite
Balance always zero before new cycle starts! But I am ok cos I can get more with other banks!

Latest invites require end of mth balance to be more than May end of mth. My end of mth balance is zero, how to get invite?

 

[EveMuffins]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

number 2 tested and proven..for me few times already.

 

[iduncheckmail]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

point 2 is rather obvious , if you running a biz you will give voucher to those who already keep buying from you ??

Loyal ? pls leh. if you see another bank higher rates by even a measly 0.5%, you also zhao what. What loyalty you toking about when u will not even practise the same ??

 

[Imhthc]

number 2 tested and proven..for me few times already.

Same here but I emptied it on the first day of the month.

 

[EveMuffins]

Same here but I emptied it on the first day of the month.

I also left $1k on 1st day of the month then few days later will receive exclusive invite..

 

[crystalnox]

I definitely meet 2 but not 1, never got any exclusive invite.

 

[sohguanh]

I definitely meet 2 but not 1, never got any exclusive invite.

Just to feedback I same as you. So definitely it is not the only criteria they look at there could be others we are not aware of. Trial and error I no time I move on others haha

 

[vsvs24]

Some get some don't get. Maybe 2 also depends on the amount moved out ?

 

[AlvinDj]

https://www.sc.com/sg/save/savings-accounts/esaver-ngl/
Anyone gotten this? How check?

Received confirmation.

Dear Client, Kindly be informed the exclusive interest will be credited end of June 2023. Should you have further assistance or clarification, you may wish to contact us by visiting our website and click Services followed by Get In Touch With Us. Thank you for banking with Standard Chartered.

We hope your query has been clarified.

Received as of 28 Jun..

Description 'SIGN-UP BONUS INTEREST FOR MAY23 (01 OF 6)'

All's good

 

[Squaredot]

Received as of 28 Jun..

Description 'SIGN-UP BONUS INTEREST FOR MAY23 (01 OF 6)'

All's good

Thanks bro! Received it too!

 

[Joseph99]

Hi all, if I did not receive any invite but based on website, I will still get 3.4% interest based on may balance. Am I right ?

 

[EveMuffins]

Hi all, if I did not receive any invite but based on website, I will still get 3.4% interest based on may balance. Am I right ?

yup..u will get the public/website rate if u meet the T&C.

 

[Hulky8]

I think these are possible triggers to get the invite:
1. Actually have evidence of a good balance in eSaver.
2. Most important, we need to empty it out. Seems if we have a high balance, we won’t get invite. No point in being loyal.
3. Got different mechanisms. But a common one is the bonus is based on incremental compared to balance on the last day of a particular month. So when u empty out account, make sure the amount on this important day is just a few dollars. And don’t put in any money until SCB gives u the invite. I don’t think the invite is immediate.

No need to 2nd guess how Scb esavvy do things la,,,theirs is based on liquidity n that in turn
hinges on global perspective……these few myths when mkt believed Fed may hv paused for good,
you realise Scb temp down its rate due to ,probably, ample liquidity,,a a time when SSB n t-bill headed
downslope…….


Fst fwd now….yu hear Fedchief mentioned 2 more consecutive hikes,,,Mkt flinched,,,,liquidity picture tightened,,,,T bill n likely SSB resume higher,,,,guess these are factors that propel Scb to maintain or up the esaver rate from here …..

so no need to 2nd guess what you need to do,eg maintain good amt etc,,,,
no amt in yr acct is bigger than the mkt’s perception of liquidity….