Standchart eSaver

[saintgtril]

$2300 interest is in for public promo

WAH!!!

 

[DevilPlate]

$2300 interest is in for public promo

Might as well stash all yr cash with OCBC privilege acct and lock it up.
No need to merry go round and no scare from scammer.

 

[GrandJedi]

Any SCB priority customer here know if $5 will be charged if eSaver falls below $1k balance?

 

[GrandJedi]

Might as well stash all yr cash with OCBC privilege acct and lock it up.
No need to merry go round and no scare from scammer.

Which OCBC privilege account?

 

[DevilPlate]

Which OCBC privilege account?

https://www.ocbc.com/personal-banking/premier-banking/solutions/premier_dividend_solutions

 

[DevilPlate]

Any SCB priority customer here know if $5 will be charged if eSaver falls below $1k balance?

I never get charged for fall below fee before as a SC priority customer.

 

[heng_ah]

Any SCB priority customer here know if $5 will be charged if eSaver falls below $1k balance?

Never.
I think that’s the only perks as priority customer, I can keep my balance 0 when I’m not playing musical chairs
However, I never get invited for special interest rate either….hahaha….

 

[maumu]

I've always play 'by the book' and kept min. amount in all my accounts.. after all, to me it's important my accounts are "in good order" with the banks in case I need certain waiver or appeals.

most banks their min. amount is decent, like $500 (DBS), $1k, highest is $2k by HSBC. although earning peanuts interest. just treat it like an 'emergency' pocket money if ever needed one day.

 

[touchring1]

I've always play 'by the book' and kept min. amount in all my accounts.. after all, to me it's important my accounts are "in good order" with the banks in case I need certain waiver or appeals.

most banks their min. amount is decent, like $500 (DBS), $1k, highest is $2k by HSBC. although earning peanuts interest. just treat it like an 'emergency' pocket money if ever needed one day.

I keep minimum to avoid the hassle of reopening the account. Also, in case in future there's any banking crisis, I can transfer money out from dbs to these accounts and vice versa instantenously.

 

[vsvs24]

I keep minimum to avoid the hassle of reopening the account. Also, in case in future there's any banking crisis, I can transfer money out from dbs to these accounts and vice versa instantenously.

I leave $1 to keep account open. Some of my dormant bank accounts like ICBC, OCBC need to do 1 transaction every 6 mths to a year. Last year just realise that CIMB will de-activate the account if dormant.

Min sum I only keep if chargeable. POSB savings, UOB and Maybank.

 

[Lè Crayons]

I leave $1 to keep account open. Some of my dormant bank accounts like ICBC, OCBC need to do 1 transaction every 6 mths to a year. Last year just realise that CIMB will de-activate the account if dormant.

Min sum I only keep if chargeable. POSB savings, UOB and Maybank.

So you leave only $1 in your StandChart eSaver account? The bank does not deduct the $5 fall below fee?

 

[ctan84]

So you leave only $1 in your StandChart eSaver account? The bank does not deduct the $5 fall below fee?

He said he keeps minimum sum, so that's $1k for e-saver.

 

[vsvs24]

So you leave only $1 in your StandChart eSaver account? The bank does not deduct the $5 fall below fee?

I am priority. Have 2 esavers account. 1 active and 1 dormant.

The dormant one I leave $1 not charged fall below fee.

 

[Lè Crayons]

I am priority. Have 2 esavers account. 1 active and 1 dormant.

The dormant one I leave $1 not charged fall below fee.

If priority, can leave at $0 for both esaver accounts.

 

[GrandJedi]

I've always play 'by the book' and kept min. amount in all my accounts.. after all, to me it's important my accounts are "in good order" with the banks in case I need certain waiver or appeals.

most banks their min. amount is decent, like $500 (DBS), $1k, highest is $2k by HSBC. although earning peanuts interest. just treat it like an 'emergency' pocket money if ever needed one day.

$2k minimum a month is effectively $70/Yr. (2000×3.5% of lost interest)

 

[maumu]

$2k minimum a month is effectively $70/Yr. (2000×3.5% of lost interest)

3.5%? HSBC?

thankfully I never had to leave the $2k with them the whole year.. only on those months when I need to 'empty' to earn the 1% extra based on incremental balance (on top of the promo rate).

anyway this is eSaver thread so probably not relevant to elaborate about HSBC here.

 

[laladuck]

Saturday FAST still valued as Saturday itself, but maybe the cut-off time is earlier instead of usual weekday's.

What is the cut-off time for weekday? TIA!

 

[1l92041H]

So far the conclusion for this esaver bonus interest calculation is based on posted date or value date of transaction ah?

My transfer on 4 th Sunday was posted on 5th Monday. Value date Sunday

 

[maumu]

What is the cut-off time for weekday? TIA!

I don't know the official cut-off time but so far I've done my weekday transactions before 10pm and they're posted on the same day.

 

[Guojing88]

If priority, can leave at $0 for both esaver accounts.

Most of priority customers have a stock portfolio with then, that is how we keep the $250k min aum.

That will count too, so we can leave esaver as 0