Standchart eSaver

[twosix]

I'm not trying to infer anything .
I'm just trying to help others by calling attention to the terms clearly stated by the bank.
Btw, why are you trying to counter my point by giving example of exactly what I'm trying to tell them ?

ok so we r on the same page. Who is giving the wrong information in this thread? Can u name them?

 

[ahnyaahnya]

ok so we r on the same page. Who is giving the wrong information in this thread? Can u name them?

Go read the posts. They think it's based on closing balance of September.
Their identity doesn't matter so I don't bother to remember

 

[ThreeSteps]

Eligibility for the Promo and Bonus Interest Calculation Method are 2 separate matters.

Marathon $aver Promotion
https://www.sc.com/sg/save/savings-...e_new-esaver-acquisition-sc_com_organic-sg-en
t&c: https://av.sc.com/sg/content/docs/sg-esaver-marathon-saver-promotion.pdf

Registration & Eligibility (Refer to point#2 of t&c)
Step (1) Register online (refer to the bank website link)
Step (2) Need to show that the a/c balance on 31Oct is at least $100k higher than the a/c balance on 30Sep. note: there is no need to keep at least $100k a/c balance continuously during the period Oct-Dec.
(** 31Oct is public holiday)

Bonus Interest Calculation (Refer to point#8 of t&c)
Bonus interest calculation is based on the incremental Average Daily Balance (ADB) of each of the 3 interest-earning months (Oct, Nov, Dec) compared to Sep ADB, i.e. Oct ADB compare to Sep ADB, Nov ADB compare to Sep ADB, Dec ADB compare to Sep ADB.
These 3 sets of incremental ADB can each be less than $100k & need not to be at least $100k. You also do not need to keep funds in the a/c for all 3 months, for example - maybe you are interested only in the Dec interest.

Contact the bank if you need further clarification on the above.

 

[vsvs24]

Then in this case I am assuming you are going to top up $100,000 on top of ur sep adb in end October. Otherwise u can’t get much from this promo. All bonus interest is on incremental daily balance of sep from now till Dec

No point topping up in Oct if Sep has high balance. He should put his money somewhere else in Oct

 

[maumu]

Exclusive BI credited yesterday.. fyi

btw, nobody received anymore exclusive bonus interest invitation since October? it's been quiet...

 

[a4973]

Exclusive BI credited yesterday.. fyi

btw, nobody received anymore exclusive bonus interest invitation since October? it's been quiet...

I believe you are on the Exclusive for September to November? Do you know if those on this promotion can concurrently stack on the Marathon by simultaneously fulfilling the Marathon criteria ie the registration and the topping up 100k > end of day September balance? Thank you

 

[Mickey01]

I believe you are on the Exclusive for September to November? Do you know if those on this promotion can concurrently stack on the Marathon by simultaneously fulfilling the Marathon criteria ie the registration and the topping up 100k > end of day September balance? Thank you

are there additional benefits other than you "extend" the BI by another month Dec 2024?

 

[a4973]

are there additional benefits other than you "extend" the BI by another month Dec 2024?

I don't see any other additional benefits only an additional month for December.

 

[maumu]

i'm on exclusive BI invite until October only (Aug - Oct). not sure if anyone got invited to November (if any).

the exclusive BI actually gives interest on the total balance instead of incremental balance. I think that's the key difference between normal promo and exclusive promo, other than the (slightly) different rates.

 

[Mickey01]

I don't see any other additional benefits only an additional month for December.

But then if you are on invite and your Sep 2024 is funded, the Marathon BI for Dec 2024 is incremental Dec 2024 ADB vs Sep 2024 ADB.

 

[Lim4475]

Hi I’m an newbie to SCB and getting confused here talking to the Cso of SCB…Anyone can advise on the SCB marathon saver pls? If my Sept ADB is zero and sign up promo with 100k this month, means I can enjoy the bonus interest for 100k on Oct, Nov , Dec? No need to further top to 100k every month right? Cso telling me every month need to top up new funds or else won’t get bonus interest for each month ? Seems like it doesn’t make sense…thank you

 

[xRenol]

Hi I’m an newbie to SCB and getting confused here talking to the Cso of SCB…Anyone can advise on the SCB marathon saver pls? If my Sept ADB is zero and sign up promo with 100k this month, means I can enjoy the bonus interest for 100k on Oct, Nov , Dec? No need to further top to 100k every month right? Cso telling me every month need to top up new funds or else won’t get bonus interest for each month ? Seems like it doesn’t make sense…thank you

Have you read the Terms and Conditions?

 

[coconut1]

Hi I’m an newbie to SCB and getting confused here talking to the Cso of SCB…Anyone can advise on the SCB marathon saver pls? If my Sept ADB is zero and sign up promo with 100k this month, means I can enjoy the bonus interest for 100k on Oct, Nov , Dec? No need to further top to 100k every month right? Cso telling me every month need to top up new funds or else won’t get bonus interest for each month ? Seems like it doesn’t make sense…thank you

yes, u r right. just make sure before 31 Oct (cos PH) >100k difference in adb

 

[Lim4475]

Have you read the Terms and Conditions?

Yes, that’s why I am confused why the cso said need to top up every month

 

[Lim4475]

yes, u r right. just make sure before 31 Oct (cos PH) >100k difference in adb

Thank you for your reply

 

[xRenol]

Yes, that’s why I am confused why the cso said need to top up every month

CSO may not provide the correct information at times. It is recommended to refer to the Terms and Conditions since there is an illustration table.

 

[ahchan]

just got this email:

​ ​ Dear client,​ You have successfully registered for the Marathon $aver Promotion using your e$aver Account number ending with 9999.​ To enjoy step-up bonus interest on eligible incremental balance (compared to September 2024 average daily balance) from October 2024 to December 2024, remember to top up your registered e$aver Account with fresh funds such that your deposit balance on 31 October 2024 is at least S$100,000 higher than the balance on 30 September 2024.​

​ ​ ​ ​ Enjoy 0.05% p.a. prevailing interest rate on deposit balance.​

May I know roughly how long do we need to wait for the confirmation email and in-app confirmation?
I have signed up but still have not receive any confirmation...

 

[sglandscape]

May I know roughly how long do we need to wait for the confirmation email and in-app confirmation?
I have signed up but still have not receive any confirmation...

Usually about 5 days

 

[ahchan]

Usually about 5 days

Ok. Thanks.
I still thought it should be immediate or at most 1 day wait time...

 

[tinsel77]

So if I have 1k at the end of Sep, if I put 200K before 31st Oct I will enjoy marathon bonus for 3 months? But I just registered for the marathon bonus. Not sure enough time to take part.