Standchart eSaver

[wira]

am also planning move to EGA if eSaver no promotion after April

 

[ManchesterUnited24]

Hi all, just signed up for this esaver account yesterday just for the promo. Late to the game….Anyone know what is the best strategy to max out the benefit of this promo?

for my case, since now is already 28/4, should I just leave my bank account as $0 and wait till 1May to start depositing money in?

 

[lzydata]

Hi all, just signed up for this esaver account yesterday just for the promo. Late to the game….Anyone know what is the best strategy to max out the benefit of this promo?

for my case, since now is already 28/4, should I just leave my bank account as $0 and wait till 1May to start depositing money in?

Every day you have the incremental fresh funds in your eSaver, it earns interest, including Sundays and public holidays. No need to wait.

 

[highsulphur]

Isn't the current promotion for April and may?

 

[sibeiTrolled]

Hi all, just signed up for this esaver account yesterday just for the promo. Late to the game….Anyone know what is the best strategy to max out the benefit of this promo?

for my case, since now is already 28/4, should I just leave my bank account as $0 and wait till 1May to start depositing money in?

I think you got the wrong idea about this promo.
It runs from 1st April till 31st May and MAYBE refresh its promo on 1st June

The existing promo is based on March ADB which yours will be 0 SGD.

If you wish to proceed, then immediately send money into it now.
If you want to wait, then you better hope the interest doesn't drop further.

In the event that you want to wait for the potential 1st June promo, it will likely be based on May ADB

 

[nobody1968]

Hello! Would like to seek the advice from the experts here regarding the definition of "Fresh funds" for the special invite (1 Apr to 31 Jul 2024).

For example:
15 Mar - withdrew $100k
30 Mar - end-of-day balance $50k

Does it mean that I have to maintain at least $250k on 30 Apr to be eligible?
First $150k - $100k higher end-of-day balance on 30 Mar
Next $100k - amount withdrawn on 15 Mar and re-deposited within 30 days of the Promotion Period

T&C para 2c - you must 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. “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period

Thanks in advance!

Not so fast one. Usually last day of this month or 1st working day of next.

For those on special invite till April, even if receive new invite, eg from May to August, if April balance is high, it will be difficult to join the new promo. Moreover, standard chartered bank is very strict with the definition of fresh funds, so if 1 family member's esaver account reduce and while another family member's esaver account increase in amount within 30 days, that will not be considered as fresh funds.

 

[linusz]

For those on special invite till April, even if receive new invite, eg from May to August, if April balance is high, it will be difficult to join the new promo. Moreover, standard chartered bank is very strict with the definition of fresh funds, so if 1 family member's esaver account reduce and while another family member's esaver account increase in amount within 30 days, that will not be considered as fresh funds.

so those on promotion ending end April
what would u do
1. move to another esaver amount with 0 balance
2. elsewhere
3. or

 

[sglandscape]

For those on special invite till April, even if receive new invite, eg from May to August, if April balance is high, it will be difficult to join the new promo. Moreover, standard chartered bank is very strict with the definition of fresh funds, so if 1 family member's esaver account reduce and while another family member's esaver account increase in amount within 30 days, that will not be considered as fresh funds.

This is fake news, the bank is not suppose to commingle your account with your family member unless it is a joint account.

If you are moving funds within the bank it is not deemed fresh funds, even if it is across accounts.

 

[ctan84]

For those on special invite till April, even if receive new invite, eg from May to August, if April balance is high, it will be difficult to join the new promo. Moreover, standard chartered bank is very strict with the definition of fresh funds, so if 1 family member's esaver account reduce and while another family member's esaver account increase in amount within 30 days, that will not be considered as fresh funds.

How you know what's the criteria for the next cycle? Like current cycle was based on the amount for the last day of November rather than average daily balance of that month leh.

 

[royalmix]

Trust Bank up interest rate to 3.5% for union members in Jun!

Hope SCB will stepup to the competition too!

 

[waddahell]

Hi gurus,
Anyone alternate between EGA and eSaver every month? Will the fresh funds criteria in eSaver t&c post any issues? “Funds that are not withdrawn and re-deposited within 30 days of the promotional period.”

TIA

 

[0218crawford]

jin sad 3.8% coming to an end today.
shifting to Maybank tomorrow for 3.5% lo.

 

[BlackTortoise]

jin sad 3.8% coming to an end today.
shifting to Maybank tomorrow for 3.5% lo.

Me too but I already closed my Maybank account. So tomorrow maybe I shift to hsbc. Huat ahh!

 

[viv4080]

New stanchart offer 3.45% only from May to July.


Read HWZ Forum Rules!

 

[kakapone]

Hi.. i join APR and May promotion... when the interest will be paid? .. i thought on 29 every month will get interest?.... until today 30Apr i didn't see any interest for my eSaver.

 

[ctan84]

Think this round I will rotate over to Maybank for the 3.5% in order to evade SC's definition of fresh funds.

 

[BlackTortoise]

New stanchart offer 3.45% only from May to July.


Read HWZ Forum Rules!

March 2024 is the comparison month. My March balance is high so shift to hsbc better. Huat ahh

 

[addict951]

Think this round I will rotate over to Maybank for the 3.5% in order to evade SC's definition of fresh funds.

Isavvy must be >200K then got 3.5% hor?

 

[viv4080]

March 2024 is the comparison month. My March balance is high so shift to hsbc better. Huat ahh

Are you referring to the Apr/May promotion reference to Mar balance?

The one I posted earlier is a new promotion from 1 May to 31 Jul. The requirement is that balance on 31 May must be at least 100k above the balance on 30 April. This one only valid if you receive a promo invite from SCB.

 

[ctan84]

Isavvy must be >200K then got 3.5% hor?

huh is it? Isn't it 3.1% + prevailing 0.4%?