Standchart eSaver

[MrTofu]

Actually this bonus interest paid covers from 1st Nov until 18-19 Dec? Cause usually we will receive an interest on the 30th Nov or 1st Dec. So like that means we lose out 18 or 19 days of interest? Or is it calculated inside this bonus interest too.

 

[maumu]

there are basically three tranches of interest payment:
- last day of month 0.05%
- last day of month for bonus interest based on public promotion (on incremental balance) - although on paper it can be by 7th working day of next month...
- by 20th of next month for any additional (yet to pay) bonus interest based on invitation promotion (on whole balance)

something lydat... there're no lost days of interest.

 

[MrTofu]

there are basically three tranches of interest payment:
- last day of month 0.05%
- last day of month for bonus interest based on public promotion (on incremental balance) - although on paper it can be by 7th working day of next month...
- by 20th of next month for any additional (yet to pay) bonus interest based on invitation promotion (on whole balance)

something lydat... there're no lost days of interest.

I see, but i didnt received any interest for point number 2.

Only received the 0.05% in the last day of month. so im thinking maybe the "by 20th of next month" consist of it as well.

 

[maumu]

I see, but i didnt received any interest for point number 2.

Only received the 0.05% in the last day of month. so im thinking maybe the "by 20th of next month" consist of it as well.

the 2nd one is based on incremental balance according to the cycle you're at.

for example for current cycle (1 Dec - 31 Jan), you'll collect 3.55% on 31 Dec (or latest 7 working days after) based on the difference between Dec ADB and Nov ADB.

if you're missing this, most likely it's because there's no incremental balance between the two months involved... gotta check your ADB.

 

[Froggyman]

Any idea about the fast transfer cut off time on Saturday?
was told by the customer service officer that it will be consider as deposit on Monday ( ie weekday only).
try myself on Sat morning, it was dated as that Saturday.
smoke by the cs officer??

 

[sglandscape]

Sat 5pm. Weekdays 10pm

https://www.hsbc.com.sg/ways-to-bank/transfers/fast/faq/

I thought this was a SCB thread and not a HSBC one?

 

[vsvs24]

I thought this was a SCB thread and not a HSBC one?

Alamak. I see wrong thread.

 

[Trazora]

Any idea about the fast transfer cut off time on Saturday?
was told by the customer service officer that it will be consider as deposit on Monday ( ie weekday only).
try myself on Sat morning, it was dated as that Saturday.
smoke by the cs officer??

It is after 2315 maybe 2359

 

[Froggyman]

It is after 2315 maybe 2359

Thanks for your sharing.
Try last Saturday again.. also dated on the same day.
Thanks again.

 

[linusz]

when is the 3.8% gg to be paid?

 

[zeroX26]

Quick reminder to those on the 3.8% invitation. Remember to top up your account so that the end of day balance on 31/12 is at least $100k more than your end of day balance on 30/11.

 

[BlackTortoise]

Quick reminder to those on the 3.8% invitation. Remember to top up your account so that the end of day balance on 31/12 is at least $100k more than your end of day balance on 30/11.

What is the reference month for January 2024? December 2023 full tank so January 2024 empty full tank?

 

[Imhthc]

What is the reference month for January 2024? December 2023 full tank so January 2024 empty full tank?

Depending on whether you are on the 3.8% invitation or the public interest. Both are in reference to Nov 23. For the former, your account must have an increase of 100k from end of Nov on the last day of Dec and the interest of 3.8% is till end of Apr 24. As for the latter, the interest of 3.6% will be paid to ur incremental balance with reference to ADB of Nov 23 and this promo is for the month of Dec 23 and Jan 24.

 

[linusz]

Depending on whether you are on the 3.8% invitation or the public interest. Both are in reference to Nov 23. For the former, your account must have an increase of 100k from end of Nov on the last day of Dec and the interest of 3.8% is till end of Apr 24. As for the latter, the interest of 3.6% will be paid to ur incremental balance with reference to ADB of Nov 23 and this promo is for the month of Dec 23 and Jan 24.

when will be the pay out

 

[BlackTortoise]

Depending on whether you are on the 3.8% invitation or the public interest. Both are in reference to Nov 23. For the former, your account must have an increase of 100k from end of Nov on the last day of Dec and the interest of 3.8% is till end of Apr 24. As for the latter, the interest of 3.6% will be paid to ur incremental balance with reference to ADB of Nov 23 and this promo is for the month of Dec 23 and Jan 24.

Me by invition of 3.8% via App in 02 Dec. So my Nov is 0 balance. I dumped in $200,000 in 08 December 2023. So for January 2024 I have to dump in minimum $100,000 very month to enjoy 3.8%? If I don’t have $100,000, then I have to take out $200,000 on 01 Jan 2024 to merry go round where?

 

[ckman3]

Me by invition of 3.8% via App in 02 Dec. So my Nov is 0 balance. I dumped in $200,000 in 08 December 2023. So for January 2024 I have to dump in minimum $100,000 to enjoy 3.8%? If I don’t have $100,000, then I have to take out $200,000 on 01 Jan 2024 to merry go round where?

Based on previous experience, the 100K is to activate to qualify for this promo invite. The bonus interest rate will apply for the entire period in your invitation. The reference month remains at Nov in your case. You may confirm with your TnC to be doubly sure.

 

[BlackTortoise]

Based on previous experience, the 100K is to activate to qualify for this promo invite. The bonus interest rate will apply for the entire period in your invitation. The reference month remains at Nov in your case. You may confirm with your TnC to be doubly sure.

Great to hear that. Then I treat it as a Fixed Deposit. No need to do anything NAO. Huat ahh!

 

[twosix]

Great to hear that. Then I treat it as a Fixed Deposit. No need to do anything NAO. Huat ahh!

better than FD. can withdraw and deposit as and when needed.

 

[Imhthc]

Great to hear that. Then I treat it as a Fixed Deposit. No need to do anything NAO. Huat ahh!

Just take note that from the thread u mentioned that ur Nov 23 is zero and u dump $200k in, u should be eligible for the public incremental bonus of 3.6%. Hence u will receive 3.6% for the amt u kept in the acct till end of Jan 24. The remaining balance 0.2% will be paid on the 20ish of the subsequent month. Moving on to Feb 24, u will get base interest on the last day of the months, Feb, mar and Apr 24 and the remaining balance of the 3.8% to be credited on the 20ish of the respective subsequent months. In case, u r shocked by the miserable interest on the last day of the months from Feb 24 till Apr 24 or the interest don’t tally which many forummers usually come in and ask. Haha.

 

[zeroX26]

Just take not that from the thread u mentioned that ur Nov 23 is zero and u dump $200k in, u should be eligible for the public incremental bonus of 3.6%. Hence u will receive 3.6% for the amt u kept in the acct till end of Jan 24. The remaining balance 0.2% will be paid on the 20ish of the month. Moving on to Feb 24, u will get base interest on the last day of the months, Feb, mar and Apr 24 and the remaining balance of the 3.8% to be credited on the 20ish of the respective months. In case, u r shocked by the miserable interest on the last day of the months from Feb 24 till Apr 24 or the interest don’t tally which many forummers usually come in and ask. Haha.

No. He received the invitation for 3.8%. Since his end of day balance is 0 for 30th Nov, and he dumped $200k during Dec, he will meet the requirement for the 3.8% till April 2024 (April included).