Standchart eSaver

Listopad

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sglandscape

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Why no one posting on this 3.5% (given this news is now almost a day old).
https://www.sc.com/sg/save/savings-accounts/myway/

ok it is tiered meaning disadvantaging the first $1.5M meaning aggregate is much lower than 3.5%.
The product is horrible, unless you're (1) old and above the age of 55 (2) not digitally savvy (3) fear scams more than anything else in your life.

Better off with SSB for the long term, or Tbills in the short term. Those are much safer than having money in the bank.
 

yiron

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Why no one posting on this 3.5% (given this news is now almost a day old).
https://www.sc.com/sg/save/savings-accounts/myway/

ok it is tiered meaning disadvantaging the first $1.5M meaning aggregate is much lower than 3.5%.
What a horrible product, first $50k 0.05%, next $200k 0.5%, next $1.25m 1%. And requires 55 years old and above.

What was the product manager smoking when he/she conceived this?
 

havetheveryfun

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What a horrible product, first $50k 0.05%, next $200k 0.5%, next $1.25m 1%. And requires 55 years old and above.

What was the product manager smoking when he/she conceived this?
the bank will reward the product manager greatly.
a legal way of tricking the elderly into putting money in this lousy product.
 

cherry6

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the bank will reward the product manager greatly.
a legal way of tricking the elderly into putting money in this lousy product.
Fear mongering.
Leveraging on elderlies with good impression of brand.
Probably insurance for elderly $ loss not cheap.
Elderlies may not be capable of doing esaver musical chairs (MC) cos funds under trust and the trustee don't play MC games, so for half demented wealthy elderlies, SCB got solution for them, but it ain't gonna be cheap.
 

yuppieboy

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March Interests for Esaver only $1.66 for my deposits of $76k. Any bonus interests to expect?
 

klarklar

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Is this bank giving out good interest rate for Apr-May yet? Didn't see any new announcement
 

Cookie Muncher

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got hit with account locked/suspended as i was transferring money out. Usually takes how long to get it unlocked?
 
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