I'm on my first esaver public promo from 1 Feb to 31 March. Assuming a new public promo will be launched from 1 April to 31 May and I would like to enjoy it what shall I do with my current funds in the esaver before 31 March to facilitate my joining the April to May promo? Thank you.
Standchart eSaver
- Thread starter mdax23
- Start date
Nothing. Promo will be pegged to march average daily balance
Seasoned players always have 2 esaver accounts on standby! If you dun have 2 esavers, look for alternative in another bank to merry go round.
Nowadays, rates are very competitive among the banks/FIs, so many offering at least 3.6% to play with!
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ThreeSteps
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Example: refer to T&Cs of the current promo: https://av.sc.com/sg/content/docs/s...07C0600168480A495FE2%40AdobeOrg|TS=1711243121
Read point#6 & take note of the Comparison Month & understand how they calculate bonus interest.
When new promo come, read the new T&Cs & take note of the Comparison Month.
You may also want to read the T&Cs of other banks' current promos & understand how they calculate their bonus interest too.
MiloMocha
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The other eSaver a joint account? TIA
Of course!
If you are referring to public promo, Wait for new public promo 1 April-May cycle!
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sibeiTrolled
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Now it's quite late, just park your cash in other HYSA/MMF first then wait for new public promo if available.
You should create your account first
https://www.sc.com/sg/terms-and-conditions/esav-ari24/
0.05%+3.45% - Up to S$5MM - April 2024-Jul 2024
Disappointing offer.
"deposit fresh funds of minimum S$100,000 into your Eligible Account(s), such that the end-of-day deposit balance on 30 April 2024 is at least S$100,000 higher than the end-of-day deposit balance on 31 March 2024"
0.05%+3.45% - Up to S$5MM - April 2024-Jul 2024
Disappointing offer.
"deposit fresh funds of minimum S$100,000 into your Eligible Account(s), such that the end-of-day deposit balance on 30 April 2024 is at least S$100,000 higher than the end-of-day deposit balance on 31 March 2024"
By invitation only
By invite and still ask you give them 100k hahaha Mari Invest so much better with some limitations but bearable as no minimum.
Preparing to transfer funds into eSaver when the new rates come out for next month. Is it OK to transfer from another SCB account into the eSaver or needs to be from another bank? Anyone here has been doing it and can confirm for me please?
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Hsbc april to may is better. 4.6%
testingabc
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1 month nia.. i do once EGA already scared liao, get the interest wait so long, i just do everyday rewards only
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Im not desperate for the interests, so i can wait. Haha
yiron
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Not possible to get 4.6% since you need min $500k incremental ADB to get 3.6% BI and Everyday+ 1% maxes out at $353k-$365k incremental ADB.
But 3.6% BI still better than esaver 3.5%.
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SC is always kinda stingy with promotion. But Mari is out for me cuz i worry lol (like you said in the other thread).
sellbuyboy
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What's next? Which acct for say 7k of fund.
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