Standchart eSaver

[DevilPlate]

https://av.sc.com/sg/content/docs/s...07C0600168480A495FE2%40AdobeOrg|TS=1696129927

TNC updated but main webpage not yet lol

 

[CaptainWu]

I just checked with hotline see if what I have done qualified for the Aug invite of 3.65%, unfortunately the CSO not able to confirm this and have to wait till 20th the payment then to confirm.

 

[hwarzoner]

they update like half half zzz...

 

[sellipad2]

that's just 0.05% lower than the 'invitation' rate...

doesn't make those who're on invite any more special.

My special invite is 3.65% though. There are some benefits for instance you don't have to keep moving funds every 2-3 mths, quantum is higher since normal capped at 1mil, and balance can help to clock the 12x priority pass visit for VI, else if fall below 200k only 2x visit per year

 

[EveMuffins]

like that I keep in cimb since both also 3.5%. then can keep my esaver ABD for Nov low.

 

[havetheveryfun]

Noted. He is referring to special invite while I'm referring to the general promo.

the person u replied to was asking abt the 3.65% special invite ma

 

[havetheveryfun]

they update like half half zzz...

different departments maybe n no one working on sunday

 

[vbhelper]

https://av.sc.com/sg/content/docs/sg-esaver-tnc.pdf?adobe_mc=MCMID=36026773416473460942252603925951778856|MCORGID=625107C0600168480A495FE2%40AdobeOrg|TS=1696129927

TNC updated but main webpage not yet lol

i joined Aug and Sep promo, so the next period i can join to earn interest is Nov for a month?

 

[hwarzoner]

New promo is 01 oct to nov 31, base on incremental amount of sep.

 

[reiser]

I just got my Sep interest. Is there a need to transfer the fund out to CIMB for Oct to alternate the months for “fresh funds” to earn the interest? Or it won’t make any difference whether I transfer or not?

 

[getreal88]

given today is sunday, anyone tried b4 if i can fast trf out $200k today to cimb and $200k tomr? as i hv a high sep adb so need to move funds out. wondering if do-able or not.

 

[DenOOO]

My account is $0 now.

Today put in money is no use right ?

Sunday so wont count towards ADB and Bonus interest.

 

[ckman3]

given today is sunday, anyone tried b4 if i can fast trf out $200k today to cimb and $200k tomr? as i hv a high sep adb so need to move funds out. wondering if do-able or not.

200K per day limit. So technically doable on 2 different days.

 

[getreal88]

ok thanks, so it does make sense to do this right? say i got $400k exactly in scb now, i trf out $200k today to cimb and tomr $200k. i dont really lose much in esaver since 1oct i will only get base interest of 0.05% but i will get cimb 3.5% on $400k fr 2oct. hope my understanding is correct.

 

[magicming]

ok thanks, so it does make sense to do this right? say i got $400k exactly in scb now, i trf out $200k today to cimb and tomr $200k. i dont really lose much in esaver since 1oct i will only get base interest of 0.05% but i will get cimb 3.5% on $400k fr 2oct. hope my understanding is correct.

CIMB might even consider Sunday to be interest calculation date. I know UOB does not. But RHB does. All the banks got different rules.

 

[getreal88]

CIMB might even consider Sunday to be interest calculation date. I know UOB does not. But RHB does. All the banks got different rules.

Yes i did the transfer can see the value date as 1Oct in both SCB and CIMB

 

[maumu]

it's a grey area but does the bank use value date or posting date when calculating interest?

 

[vsvs24]

Yes i did the transfer can see the value date as 1Oct in both SCB and CIMB

Check SCB again. Should be 2 Oct

 

[magicming]

it's a grey area but does the bank use value date or posting date when calculating interest?

I also don’t know. But to me value date means the money is IN the account. Can take out if u want. So transfer in today, should logically have a “value” date of 1 Oct for all banks in SG. But this value date might not be the interest calculation date. This is my 2 cents.

 

[AlvinDj]

it's a grey area but does the bank use value date or posting date when calculating interest?

Based on my excel sheet calculation of base interest credited last night..

They took the value date in to calculate and derive our ADB / MAB..

Value date can only be seen if you login to SCB's iBanking.. SC's app only will show you the transaction date..

There was a couple of times I had inward / outward transfers during Sunday's last month and there was a special bracket with value date stated on iBanking transfer history