Standchart eSaver

[ctan84]

Also didn't get the invite this round. My RM changed liao, and this one despite being a chio bu, won't do magic for me unlike the previous guy. Oh well...

 

[sgdividends]

Does anyone know why when I transfer out from scb savings today , it states transaction date as 5/8 and value date as 4/8? Shouldn't it be the other way like other banks ?

 

[Froggyman]

Does anyone know why when I transfer out from scb savings today , it states transaction date as 5/8 and value date as 4/8? Shouldn't it be the other way like other banks ?

Today is Sunday. For SCB, Sunday transaction will be consider as next business day transaction.

 

[jesp15]

can share strategy which bank to cycle funds each month (no salary crediting required, 1 month lock in only)?

eSaver > EGA > iSavvy??

 

[sglandscape]

can share strategy which bank to cycle funds each month (no salary crediting required, 1 month lock in only)?

eSaver > EGA > iSavvy??

CIMB could be added to if they have promo. Isavvy rates are not as good.

 

[viv4080]

Bonus interest is in.


Read HWZ Forum Rules!

 

[maumu]

Bonus interest is in.


Read HWZ Forum Rules!

thanks for the alert

 

[BlackTortoise]

Bonus interest is in.


Read HWZ Forum Rules!

Bo leh

 

[Lè Crayons]

Just in...

<ADV> Exclusively for you: Earn up to 3.40% p.a. interest on your e$aver deposit balance (capped at S$5mil) from now till 30 Nov'24. To qualify, top up with min. of S$100K fresh funds during 1-30 Sep’24. Visit our bank's website and search keyword #se24 for T&Cs that apply. Insured up to S$100K by SDIC. Unsub on SC Mobile or Online Banking: Go to "Other Request" under Help & Services.

 

[a4973]

Hi all so I'm currently in Jun to Aug Batch B. Must I leave the funds in the e$saver account past 31 Aug? my intention is to merry go round to CIMB for Sept but as I have received esaver invite for Sept to Nov can I withdraw the bulk of the funds from esaver on 31 Aug (in order to reset the end-of-day deposit balance on 31 August 2024) leaving 1k for the period of 31 Aug to 29 Sept then I will top up 100k+ on 30 Sept to qualify for esaver Sept to Nov 3.4%? thank you for your patient advice and guidance.

 

[CaptainWu]

Just in...

<ADV> Exclusively for you: Earn up to 3.40% p.a. interest on your e$aver deposit balance (capped at S$5mil) from now till 30 Nov'24. To qualify, top up with min. of S$100K fresh funds during 1-30 Sep’24. Visit our bank's website and search keyword #se24 for T&Cs that apply. Insured up to S$100K by SDIC. Unsub on SC Mobile or Online Banking: Go to "Other Request" under Help & Services.

That's for invited customer only.....

 

[a4973]

to those regular e$saver promo participants, how do you interprete this TnC which is featured in every Bonus Interest TnC document ?

https://www.sc.com/sg/terms-and-conditions/esav-ju24b/

e. For the avoidance of doubt, any deposit, withdrawal or otherwise transaction in relation to your Qualifying Account(s) that takes place on the last day of a calendar month, falling on either a Sunday, a public holiday or a bank holiday, will not be taken into consideration for the purposes of the Bank’s computation of ADB and crediting of Bonus Interest.

Question: specifically is the "last day of a calendar month" a seperate distinction from "a Sunday, a public holiday or a bank holiday,"?
what if "the last day of a calendar month" is a regular working Tuesday?

thank you

 

[rest1ess]

to those regular e$saver promo participants, how do you interprete this TnC which is featured in every Bonus Interest TnC document ?

https://www.sc.com/sg/terms-and-conditions/esav-ju24b/

e. For the avoidance of doubt, any deposit, withdrawal or otherwise transaction in relation to your Qualifying Account(s) that takes place on the last day of a calendar month, falling on either a Sunday, a public holiday or a bank holiday, will not be taken into consideration for the purposes of the Bank’s computation of ADB and crediting of Bonus Interest.
specifically is the "last day of a calendar month" a seperate distinction from "a Sunday, a public holiday or a bank holiday,"?
what if "the last day of a calendar month" is a regular working Tuesday?

thank you

Was that in past run's tnc?

 

[a4973]

Was that in past run's tnc?

It is in the Jun to Aug run and in the current September to Nov run too which I am participating in so have read through the TnC.

 

[heng_ah]

Just in...

<ADV> Exclusively for you: Earn up to 3.40% p.a. interest on your e$aver deposit balance (capped at S$5mil) from now till 30 Nov'24. To qualify, top up with min. of S$100K fresh funds during 1-30 Sep’24. Visit our bank's website and search keyword #se24 for T&Cs that apply. Insured up to S$100K by SDIC. Unsub on SC Mobile or Online Banking: Go to "Other Request" under Help & Services.

Targeted / with Invitation, yet interest is only up to 3.40% !
Better deposit 200k fresh fund to Maybank iSavvy, no invitation required for 3.50% (Sep till Oct)

 

[heng_ah]

Note that the first $10k, gets effectively zero interest and its tiered for the first $200k. Nett, its about the same as eSAver.

i think you misinterpreted it. Theirs is not tiered. They don't use the first / next.

As long as ADB 200,000 and above, all will get 3.50%.

 

[GrandJedi]

i think you misinterpreted it. Theirs is not tiered. They don't use the first / next.

As long as ADB 200,000 and above, all will get 3.50%.

yes.. but for the amount below $200k.. so the effective interest for the first $200k fresh fund is only about $3.135%

can consider CIMB, based on my calculation its better for amounts up to $500k.

 

[reflecx]

Note that the first $10k, gets effectively zero interest and its tiered for the first $200k. Nett, its about the same as eSAver.

First $10k will also get the same interest, you are misinterpreting.

 

[reflecx]

yes.. but for the amount below $200k.. so the effective interest for the first $200k fresh fund is only about $3.135%

ADB increment below $200k is 3.3%, above is 3.5%. It applies to your entire sum, there is no tiering.

 

[GrandJedi]

ADB increment below $200k is 3.3%, above is 3.5%. It applies to your entire sum, there is no tiering.

ok .. thanks for pointing it out! I read too much into it.