Standchart eSaver

[Hulky8]

Ya. U should call and check like what maumu has mentioned. I received the bonus interest on the 13th May.
By the way, is Apr the first month or u have received the Bonus interest in Apr before?

April new 3.45%
be4 Apr it was 3.5% n always fully paid by20th of following mth,,no question of not meeting criteria as my bal is more than old month
Ways scb does thing,always keep u asking question..I may get all the backward int in 1 shot end of May,who knows,,until then ll not make qury

 

[Imhthc]

April new 3.45%
be4 Apr it was 3.5% n always fully paid by20th of following mth,,no question of not meeting criteria as my bal is more than old month
Ways scb does thing,always keep u asking question..I may get all the backward int in 1 shot end of May,who knows,,until then ll not make qury

U r referring to the exclusive invitation and not the public ADB interest promo right?

 

[Hulky8]

U r referring to the exclusive invitation and not the public ADB interest promo right?

The one I had was public general offer ,,from April to end May
by end April only got 2% interest payment,,,since then ntg more,,just don’t understand how they work

 

[Mickey01]

The one I had was public general offer ,,from April to end May
by end April only got 2% interest payment,,,since then ntg more,,just don’t understand how they work

check your Apr 2024 eStatement. On the last day, did you see
1. CR Interest - this is your base interest of 0.05% on full account balance
2. Bonus Interest Payment - this should be your BI for incremental balance (this may be paid in 2 parts - some end of Apr and balance by 7th working day of May or in one sum on last day of Apr 2024)

If your Apr ADB is higher than ADB of Mar 2024 (the comparison month) you will be paid BI of 3.40% on the difference between these 2 months. If your Apr ADB is equal or lower than Mar ADB, you will not be paid BI.

 

[royalmix]

April new 3.45%
be4 Apr it was 3.5% n always fully paid by20th of following mth,,no question of not meeting criteria as my bal is more than old month
Ways scb does thing,always keep u asking question..I may get all the backward int in 1 shot end of May,who knows,,until then ll not make qury

For public promo in April, we always receive BI on last day or first day of mth.

If you did not empty your Mar balance, then topup more in April, you only receive BI for the incremental ADB in April (ie April less Mar), maybe that's why you calculate only 2%pa. So for May, you will also lugi!

 

[Hulky8]

For public promo in April, we always receive BI on last day or first day of mth.

If you did not empty your Mar balance, then topup more in April, you only receive BI for the incremental ADB in April (ie April less Mar), maybe that's why you calculate only 2%pa. So for May, you will also lugi!

I don’t understand,,herein below it clearly said if I top up I ll enjoy the 3.45% rate..does it mean “eligible” is fresh fund top up n the old amount from March not counted ? It didn’t work like this from the earlier offer be4 April​ Dear ,​ As our valued client, you can enjoy up to 3.45% p.a. interest on your eligible incremental balances of up to S$2,000,000 when you top up your e$aver Account with fresh funds^ from now till 31 May 2024.​ Prevailing Interest Rate on Deposit Balance​ 0.05% p.a.​ Bonus Interest Rate on Eligible Incremental Balance​ 3.40% p.a.​ Total Interest Rate on Eligible Incremental Balance​ 3.45% p.a. ​

 

[royalmix]

​

​ ​ ​ ​ ​ ​ ​ I don’t understand,,herein below it clearly said if I top up I ll enjoy the 3.45% rate..does it mean “eligible” is fresh fund top up n the old amount from March not counted ? It didn’t work like this from the earlier offer be4 April​ ​ ​ Dear ,​ As our valued client, you can enjoy up to 3.45% p.a. interest on your eligible incremental balances of up to S$2,000,000 when you top up your e$aver Account with fresh funds^ from now till 31 May 2024.​ ​ ​ ​ ​ Prevailing Interest Rate on Deposit Balance​ ​ ​ ​ 0.05% p.a.​ ​ Bonus Interest Rate on Eligible Incremental Balance​ ​ ​ ​ 3.40% p.a.​ ​ Total Interest Rate on Eligible Incremental Balance​ ​ ​ ​ 3.45% p.a.​

Before April, you mentioned you were on invite? Invite works differently from public promo.

 

[Hulky8]

Before April, you mentioned you were on invite? Invite works differently from public promo.

No,,it s all public,,,now I fear the real picture for me is I lost all the old bal interest as of end March
dont understand why have such ploy to trick small investor….sob…sob

 

[royalmix]

No,,it s all public,,,now I fear the real picture for me is I lost all the old bal interest as of end March
dont understand why have such ploy to trick small investor….sob…sob

Ok I assume you were on invite since u mentioned in the past you get interest on 20th.

Public always get full bonus interest at end/beginning of mth. You will get another mth of low interest for May, unless you think is worth moving your money elsewhere to recoup your loss from today. U definitely must move your money out in Jun.

I have another joint account, so I merry go round between the 2 or with another bank with high interest.

 

[Mickey01]

​

​ ​ ​ ​ ​ ​ ​ I don’t understand,,herein below it clearly said if I top up I ll enjoy the 3.45% rate..does it mean “eligible” is fresh fund top up n the old amount from March not counted ? It didn’t work like this from the earlier offer be4 April​ ​ ​ Dear ,​ As our valued client, you can enjoy up to 3.45% p.a. interest on your eligible incremental balances of up to S$2,000,000 when you top up your e$aver Account with fresh funds^ from now till 31 May 2024.​ ​ ​ ​ ​ Prevailing Interest Rate on Deposit Balance​ ​ ​ ​ 0.05% p.a.​ ​ Bonus Interest Rate on Eligible Incremental Balance​ ​ ​ ​ 3.40% p.a.​ ​ Total Interest Rate on Eligible Incremental Balance​ ​ ​ ​ 3.45% p.a.​

Tihis is an email from SCB to account holders for the public schene notifying that there is an ongoing eSaver promotion. This promo to open to the general publoc because the max limit for incremental fresh funds is only $2,000,000 (the other By Invite promo is up to max ABD of $5,000,000). And it is stated clearly in the email "incremental funds"

 

[ahnyaahnya]

When we withdraw the $$$ from esaver at end of this month, should we leave a small amount in there? Or should leave zero ?

 

[maumu]

I always leave the min. balance of $1k (even though I'm supposedly under their 'priority' client).

 

[bigfoot]

When we withdraw the $$$ from esaver at end of this month, should we leave a small amount in there? Or should leave zero ?

$0

 

[zumaba]

Just received the email for Jun to Aug, you need to topup min $100K for the 3.5%

 

[Squaredot]

Just received the email for Jun to Aug, you need to topup min $100K for the 3.5%

yeah, recd it too.
I'm in Batch A invite that offers 3.6%.

 

[ahnyaahnya]

I received invite 3.55% only.
June to 31 Aug.
Where to find $100000?

 

[twosix]

I received invite 5.5% only.
June to 31 Aug.
Where to find $100000?

Wah. 5.5% u high networth customer. Haha.

 

[ahnyaahnya]

Wah. 5.5% u high networth customer. Haha.

Typo.
Skipped the 3.
And decimal in x place.
3.55%

 

[CaptainWu]

3.55% probably barely more than the public promotion rate only, see what SCB going to publish tomorrow.

 

[GrandJedi]

Qn: If I move my funds out of eSaver (A) on June 1, Saturday. The transaction date is Jun 1 but the settling date is June 3. Does it mean I will still get interest in eSaver (A) June 1 and 2, which means eSaver still considers I have funds in there for June 1 and 2?

1. Is Saturday a banking holiday in Singapore?
   No. However, some banks choose to close on Saturdays and Sundays. Also, with effect from 15 May 2006, the Singapore banking industry moved to a 5-Day Clearing Week. There is no crediting or debiting of customer accounts with cheques, GIRO or Interbank funds transfers on Saturdays. Clearing of funds will be carried out Mondays to Fridays only.