Standchart eSaver

[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….

 

[xoxozone]

Received as of 28 Jun..

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

All's good

What is the interest % based on this?

 

[AlvinDj]

What is the interest % based on this?

4% for 6months

 

[zeroX26]

Anyone received interest payout today with the description "Sign-up bonus interest interest for May23 (01 of 7)"? Im supposed to be on 4% for 6 months for the priority banking promotion but the amount of interest in today is like $40 nia.

 

[NTTDoCoMo]

Anyone received interest payout today with the description "Sign-up bonus interest interest for May23 (01 of 7)"? Im supposed to be on 4% for 6 months for the priority banking promotion but the amount of interest in today is like $40 nia.

Did you receive Bonus Interest on 31 May 2023?

Bonus Interest on 31 May 2023 + Sign-up bonus interest interest for May23 (01 of 7) should add up to 3.95%

I checked mine and it tally.

 

[zeroX26]

Did you receive Bonus Interest on 31 May 2023?

Bonus Interest on 31 May 2023 + Sign-up bonus interest interest for May23 (01 of 7) should add up to 3.95%

I checked mine and it tally.

For May I did receive both Bonus interest and Sign-up bonus, though the total amount seems a bit off as I was upgraded to Priority status halfway, so its quite confusing on how the interest % will be calculated. But I let it go since its not that big a sum that's diff. The RM subsequently confirmed that because of upgrade, I am eligible for 6 months of 4% from May till Oct.

 

[NTTDoCoMo]

For May I did receive both Bonus interest and Sign-up bonus, though the total amount seems a bit off as I was upgraded to Priority status halfway, so its quite confusing on how the interest % will be calculated. But I let it go since its not that big a sum that's diff. The RM subsequently confirmed that because of upgrade, I am eligible for 6 months of 4% from May till Oct.

My case is an existing eSaver Upgraded to Priority on the last week of May.

31 May Bonus Interest (Credited 31 May) is based on Incremental ADB of 3.75% (as published).

Sign-up bonus interest interest for May23 (01 of 7) is derived based on the below:

• [ADB (Non Incremental) * 3.95% / 365 * 31] - 31 May Bonus Interest

Sign-up bonus interest interest for May23 (01 of 7) was credited on 28 Jun.

Hope the above helps you.

 

[zeroX26]

My case is an existing eSaver Upgraded to Priority on the last week of May.

31 May Bonus Interest (Credited 31 May) is based on Incremental ADB of 3.75% (as published).

Sign-up bonus interest interest for May23 (01 of 7) is derived based on the below:

• [ADB (Non Incremental) * 3.95% / 365 * 31] - 31 May Bonus Interest

Sign-up bonus interest interest for May23 (01 of 7) was credited on 28 Jun.

Hope the above helps you.

So for the month of June did you get the interest in 2 separate sums or just 1 sum under "Sign-up bonus interest interest" ?

 

[NTTDoCoMo]

So for the month of June did you get the interest in 2 separate sums or just 1 sum under "Sign-up bonus interest interest" ?

June Interest not yet credited, June haven't finished, today is last day of Jun. Tomorrow then can check.

May Interest is Credited over 2 Interest Transactions, 31 May and 28 Jun.

The Jun public rate is 3.35% on incremental against May 2023 ADB, my Incremental ADB will result in a few dollars bonus interest which will be credited tomorrow morning with the date 30 Jun.

The remaining difference [Sign-up bonus interest interest for Jun23 (02 of 7)] will be credited in late Jul 2023.
Meaning Sign-up bonus interest interest for Jun23 (02 of 7) will be as below:

• [ADB (Non Incremental) * 3.95% / 365 * 30] - 30 June Bonus Interest

 

[AlvinDj]

For May I did receive both Bonus interest and Sign-up bonus, though the total amount seems a bit off as I was upgraded to Priority status halfway, so its quite confusing on how the interest % will be calculated. But I let it go since its not that big a sum that's diff. The RM subsequently confirmed that because of upgrade, I am eligible for 6 months of 4% from May till Oct.

Were you on a special Priority Banking signup or upgrade exclusive e$aver promo for the month of May23?

Do take note of this important clause of the T&C to be qualified for the overall of 4%

 

[zeroX26]

Were you on a special Priority Banking signup or upgrade exclusive e$aver promo for the month of May23?

Do take note of this important clause of the T&C to be qualified for the overall of 4%

I only opened the account in May, so the end-of-day deposit balance for 30 April will be counted as 0 isn't it?

 

[NTTDoCoMo]

I only opened the account in May, so the end-of-day deposit balance for 30 April will be counted as 0 isn't it?

Did you received the below? If yes, the below 3 is meant for May Interest (4.00 %).

1. 31 May - CR Interest <-- This is Prevailing Interest
2. 31 May - Bonus Interest Payment <-- This is Bonus Interest based on Public Rate
3. 28 Jun - Sign-up bonus interest interest for May23 (01 of 7) <-- The amount credited is the difference between 3.95% and 31 May Bonus Interest Payment.

Item 2 + 3 will sum up to the sign up TnC Bonus Interest (3.95 %).

 

[AlvinDj]

I only opened the account in May, so the end-of-day deposit balance for 30 April will be counted as 0 isn't it?

Yes, if you only started as a new to bank customer from May23 onwards..

 

[Ahboy069]

Hi all May I check your amount of interest credited today? Seem very low like few dollars for me though on avg I have $40000.

 

[gnooliew]

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 ?

3.4% only if increment fresh funds based on ADB.