Standchart eSaver

[Cookie Muncher]

• ^“Customers with wealth holdings” are defined as customers who hold either an Eligible Investment Product(s) or Eligible Insurance Product purchased through the bank at the end of each calendar month during the promotion period.

 

[highsulphur]

Time to dump esaver with this stupid condition

 

[Nanonited]

if shares counted too easy to fulfil lei.. think not as simpur ..

SCB ownself defines shares of publicly listed companies as equities. There is no minimum stated like HSBC promo. Maybe everybody is just overthinking… why all want to overthink when the tnc does not state any minimum amount etc

 

[vbhelper]

• ^“Customers with wealth holdings” are defined as customers who hold either an Eligible Investment Product(s) or Eligible Insurance Product purchased through the bank at the end of each calendar month during the promotion period.

buy in June, can clock 2.65% in June?
then Jul cannot clock 2.65%?

 

[Panerex]

What if already have equities in SCB trading but no activity in Jun?

 

[hwarzoner]

What if already have equities in SCB trading but no activity in Jun?

i wanna know this too

 

[sellbuyboy]

buy in June, can clock 2.65% in June?
then Jul cannot clock 2.65%?

2.65% is the highest now huh

 

[addict951]

• ^“Customers with wealth holdings” are defined as customers who hold either an Eligible Investment Product(s) or Eligible Insurance Product purchased through the bank at the end of each calendar month during the promotion period.

buy in June, can clock 2.65% in June?
then Jul cannot clock 2.65%?

June buy 1 share of AAPL then sell
July buy 1 share of AAPL then sell
Why AAPL? Cos saferest dun have a lot of fluctuation unlike the others

 

[farmers]

• ^“Customers with wealth holdings” are defined as customers who hold either an Eligible Investment Product(s) or Eligible Insurance Product purchased through the bank at the end of each calendar month during the promotion period.

My interpretation of this is you gotta be holding a share bought through SCB at the end of each calendar month.

And not have to purchase every month.

 

[CaptainWu]

What if already have equities in SCB trading but no activity in Jun?

I asked CSO and either they don't know or they don't want to answer, just ask me refer back to RM as they are not familiar with Investment . I would expect just keep the existing shares should be good enough.

 

[Devilsire]

What’s the definition of “Customers with wealth holdings”?
Customers with wealth holding are defined as customers who hold either an Eligible Investment Product or Insurance Product purchased through the bank. An “Eligible Investment Product” refers to (i) Eligible Unit Trust(s), (ii) Bonds, (iii) Structured Notes, or (iv) Eligible Equities.
Your eligible Bonus Interest Rate is assessed based on your wealth holdings at the end of each calendar month during the promotion period.

So whats the cheapest UT, at the lowest unit avail to "hold"?

 

[Mickey01]

I asked CSO and either they don't know or they don't want to answer, just ask me refer back to RM as they are not familiar with Investment . I would expect just keep the existing shares should be good enough.

if not Priority customer, no RM to consult ...

 

[hyperbole]

I asked CSO and either they don't know or they don't want to answer, just ask me refer back to RM as they are not familiar with Investment . I would expect just keep the existing shares should be good enough.

CSOs working on Sundays likely dunno anything one

 

[vsvs24]

Those funding joint account better check if investments can get the higher rate with wealth holdings for joint account esaver.

 

[cassowary18]

June buy 1 share of AAPL then sell
July buy 1 share of AAPL then sell
Why AAPL? Cos saferest dun have a lot of fluctuation unlike the others

Ya then you end up clocking USD 20 in brokerage charge per month, negating any extra interest earned

(Unless you are Priority Banking customer)

 

[vbhelper]

if not Priority customer, no RM to consult ...

I'm priority, i scare RM hard sell many products to me

 

[addict951]

I'm priority, i scare RM hard sell many products to me

Ya, do not contact ah unless absolutely necessary
Rast time I noob, what sapped the RM ask kwestians
My gotch, few days later di di WhatsApp me back ask to meet up. Really humbin sia

 

[ThreeSteps]

Below is the exact wordings from the t&cs:

https://av.sc.com/sg/content/docs/sg-esaver-account-tnc.pdf

4. “Customers with wealth holdings” are defined as customers who hold either an Eligible Investment Product or Insurance Product purchased through the bank. An “Eligible Investment Product” refers to (i) Unit Trust(s), (ii) Bonds, (iii) Structured Notes, or (iv) Equities.

5. Your eligible Bonus Interest Rate is assessed based on your wealth holdings at the end of each calendar month during the promotion period.


It is clear that you can buy once & just hold it, OR buy/sell multiple times but always ensure there is something remaining at each month-end.

 

[lavive_gp]

Ya then you end up clocking USD 20 in brokerage charge per month, negating any extra interest earned

(Unless you are Priority Banking customer)

I saw they have this on the Invest page

 

[cassowary18]

I saw they have this on the Invest page

Oh but that's not AAPL liao...this is unit trust portfolio