Standchart eSaver

[sibeiTrolled]

if i deposit today unable to earn 3.6% hor?

Why not?
3.6% is based on ADB, so putting in money earlier just ensures you have a higher ADB for the month
TNC - HERE

 

[Froggyman]

if i deposit today unable to earn 3.6% hor?

Deposit on Tue bah .. let your $ earn interest at the current bank account.
think if you deposit into SCB today, probably will reflect as 13 Feb.
you can deposit a small amount to test out.

 

[nasilemak100]

hi anyone know about the latest promotion for esaver?

e$aver Savings Account Bonus Interest Promotion (1 February 2024 to 31 March 2024)​

From now till 31 March 2024, earn up to 3.60% p.a. interest on eligible deposit balance of S$2 million with no lock-in period when you bring in incremental fresh funds* (compared to January 2024 average daily balance)

https://www.sc.com/sg/save/savings-accounts/esaver/#sc-lb-module-fee-and-rate

does this mean that after 31 March 2024, the interest will drop back to its prevailing rate which is 0.05% pa?

or will the 3.60% pa continue after 31 March 2024? just that we have to sign up before 31 March 2024?

 

[sibeiTrolled]

does this mean that after 31 March 2024, the interest will drop back to its prevailing rate which is 0.05% pa?

Yes, the current promotion gives a bonus 3.55% PA

will the 3.60% pa continue after 31 March 2024?

Depends if SC wants to extend it as a new cycle.

just that we have to sign up before 31 March 2024?

If you have account, just deposit your monies

 

[nasilemak100]

Yes, the current promotion gives a bonus 3.55% PA

Depends if SC wants to extend it as a new cycle.

If you have account, just deposit your monies

i am thinking if it is usually only 0.05% pa and promotion dun come often then it is totally not worthwhile as i would deposit elsewhere where the interest rate is higher than 0.05% and no need depend on random promotion.

 

[wutawa]

i am thinking if it is usually only 0.05% pa and promotion dun come often then it is totally not worthwhile as i would deposit elsewhere where the interest rate is higher than 0.05% and no need depend on random promotion.

if u refer to the 1st page of this thread, the promotion has been around since jun 2015 and even earlier. i wont call a promotion that has cycle after cycle over 8 years as random.

 

[sibeiTrolled]

it is totally not worthwhile

maybe? maybe not?
Personally i thought that HYSA musical chair is kinda stupid too, but look! I am here dancing to the tunes of the banks.

promotion has been around since jun 2015

Same thing as those FIRE SALES in physical / online stores. Perpetual (hopefully for esaver as well)

 

[nasilemak100]

if u refer to the 1st page of this thread, the promotion has been around since jun 2015 and even earlier. i wont call a promotion that has cycle after cycle over 8 years as random.

in a year how many months would be for the promotion interest rate ?

 

[GrandJedi]

If you musical chair between 2 eSaver accounts (joint & single), this is better that Tbill because interest rate is better and cash is liquid. You also save one day of interest for Tbill application. 6M Tbill in my view only makes sense if above 3.5% if using eSaver as an option?

 

[rerear]

Funded in beginning of Jan, Feb still can get the rate? These days is 1 month or 2 months?
Any tips on pinging the RM to get the extended period invitation for Priority members? Have never gotten it before.

 

[Imhthc]

Funded in beginning of Jan, Feb still can get the rate? These days is 1 month or 2 months?
Any tips on pinging the RM to get the extended period invitation for Priority members? Have never gotten it before.

For ur case, very unlikely that u will get the 3.6% for the amount u funded since Jan, because the new promo period starts from Feb 24 to end Mar 24 and on incremental balance only. U will get 3.6% on incremental balance only with reference to the ADB of Jan 24.
I doubt priority customers will get extended or special treatment even if they go to their RM. The promo criteria is what it is.

 

[havetheveryfun]

If you musical chair between 2 eSaver accounts (joint & single), this is better that Tbill because interest rate is better and cash is liquid. You also save one day of interest for Tbill application. 6M Tbill in my view only makes sense if above 3.5% if using eSaver as an option?

not everyone wants to risk the musical chair option i guess

 

[Imhthc]

Exclusive bonus interest is in.

 

[Devilsire]

Exclusive bonus interest is in.

since jan they started shifting ex.bonus from 19-20 to 14?

 

[Imhthc]

since jan they started shifting ex.bonus from 19-20 to 14?

Last month was 12th

 

[maumu]

maybe its valentine's special...

 

[BugsBunny58]

Yes received my excl bonus as well. Happy V day

 

[farmers]

I think ive missed out on bonus interest on 31 Jan? Did you guys receive?

I usually get the following interest payments:
30 Dec CR INTEREST
30 Dec BONUS INTEREST PAYMENTFOR THE PERIOD 2023-12-01
12 Jan
EXCLUSIVE BONUS INTEREST PROMO INTEREST FOR DEC2

But this time ive only received these interest.
31 Jan CR INTEREST
14 Feb EXCLUSIVE BONUS INTEREST PROMO INTEREST FOR JAN

I was on the #s23 exclusive bonus interest(sept 2023) promo

 

[kakapone]

Exclusive bonus interest is in.

Sorry.. noob here.. .how you get Exclusive bonus interest? .. i only got CR interest and Bonus interest on 31Jan

 

[ctan84]

I think ive missed out on bonus interest on 31 Jan? Did you guys receive?

I usually get the following interest payments:
30 Dec CR INTEREST
30 Dec BONUS INTEREST PAYMENTFOR THE PERIOD 2023-12-01
12 Jan
EXCLUSIVE BONUS INTEREST PROMO INTEREST FOR DEC2

But this time ive only received these interest.
31 Jan CR INTEREST
14 Feb EXCLUSIVE BONUS INTEREST PROMO INTEREST FOR JAN

I was on the #s23 exclusive bonus interest(sept 2023) promo

Mine was split into 3 payouts this round - 2 payments on 31 Jan and the biggest one today.