Standchart eSaver

[Imhthc]

Priority Banking Clients:

• SGX: 0.18% brokerage rate
• Other Markets: 0.20% brokerage rate
• Minimum Brokerage Amount: $0

Personal Banking Clients:

• SGX: 0.20% brokerage rate
  
  
• Other Markets: 0.25% brokerage rate
  
  
• Minimum Brokerage Amount:
  • $10 for shares traded in AUD, CHF, GBP, SGD, and USD (plus GST)
    
    
  • ¥1000 for shares traded in JPY (plus GST)
    
    
  • $100 for shares traded in HKD (plus GST)

If there is no minimum brokerage fee for priority banking I will probably get 100 units of stock and park to earn the additional 0.5% interest.

 

[JetStorm]

If that is the case, it will be just opening the acct to enjoy June promo and then keep $500 to maintain the acct and look at elsewhere to park.

Yes that is correct. Thats what Im doing too since 2.8% with a high cap is considered very high liao. Wait until last week of June then start finding for better lobangs again.

 

[Mickey01]

Next month iSavvy rates confirm will decrease one. Just a matter of by how much. My guess that the Jul to Sep rates will be around the 1.9% to 2.1% mark.

MB probably will have more hot money inflow (from musical chair) than they can lend out. Sure drop.

 

[bumdssa]

Yes that is correct. Thats what Im doing too since 2.8% with a high cap is considered very high liao. Wait until last week of June then start finding for better lobangs again.

Do you already have a existing account or opening new one?

 

[GrandJedi]

Priority Banking Clients:

• SGX: 0.18% brokerage rate
• Other Markets: 0.20% brokerage rate
• Minimum Brokerage Amount: $0

Personal Banking Clients:

• SGX: 0.20% brokerage rate
  
  
• Other Markets: 0.25% brokerage rate
  
  
• Minimum Brokerage Amount:
  • $10 for shares traded in AUD, CHF, GBP, SGD, and USD (plus GST)
    
    
  • ¥1000 for shares traded in JPY (plus GST)
    
    
  • $100 for shares traded in HKD (plus GST)

Just applied a trading account - waiting for it to be approved, and then will buy token share..

 

[tiertime]

Wat if open account to deposit in June liao, then in July they come up with a good promo for jul aug sep, but Reference month is JUNE

then gg liao...

 

[JetStorm]

Do you already have a existing account or opening new one?

Yes I have an existing account. But does it matter if its new or existing?

 

[JetStorm]

Wat if open account to deposit in June liao, then in July they come up with a good promo for jul aug sep, but Reference month is JUNE

then gg liao...

Find a Player 2 to merry go round.

 

[vbhelper]

hmm... to buy unit trust, i have to open a Bonus$saver account? (trying to fulfil the wealth holding criteria)

Ya and remember need to have min balance and maintain the account for at least 6 mths to avoid charges

 

[bumdssa]

Yes I have an existing account. But does it matter if its new or existing?

Yes cos new account need to wait. Haha. I opened on sun. Still waiting for it to fully open

 

[lasnoblur]

take note

The Bonus Interest shall be credited to your Qualifying Account(s) in single or multiple credit transactions by the 25th calendar date of the following month (the “Bonus Interest Crediting Date”)

The credit of bonus interest getting later and later.

 

[cassowary18]

where do you see $20 brokerage charge per month?

You look on SCB equity trading site, minimum comms is USD 20

 

[Imhthc]

You look on SCB equity trading site, minimum comms is USD 20

Do you mean trading in US market?

 

[sglandscape]

You look on SCB equity trading site, minimum comms is USD 20

If you have priority banking no min comms.

 

[GrandJedi]

Ya and remember need to have min balance and maintain the account for at least 6 mths to avoid charges

I will open an online trading account instead and buy a bit of shares Easier as my primary purpose is to fulfill the wealth holding criteria.

 

[Imhthc]

I will open an online trading account instead and buy a bit of shares Easier as my primary purpose is to fulfill the wealth holding criteria.

Following ur previous reply entry, not sure whether u r referring to bonussaver, u need to purchase at least $20,000SGD to qualify for the 1.5% add-on interest tier.
just in case the rest are confused with esaver wealth holding criteria and bonussaver. For the esaver, it din state any minimum and the criteria is to have wealth holdings.

 

[Guojing88]

I will open an online trading account instead and buy a bit of shares Easier as my primary purpose is to fulfill the wealth holding criteria.

My SC priority RM told me self initated trades do not count.

You have to purchase their products, example, those that are link to Prudential.

 

[ThreeSteps]

My SC priority RM told me self initated trades do not count.

You have to purchase their products, example, those that are link to Prudential.

Please refer to the actual 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.

Did your RM have a different interpretation of the t&cs ?

 

[ThreeSteps]

Following ur previous reply entry, not sure whether u r referring to bonussaver, u need to purchase at least $20,000SGD to qualify for the 1.5% add-on interest tier.
just in case the rest are confused with esaver wealth holding criteria and bonussaver. For the esaver, it din state any minimum and the criteria is to have wealth holdings.

There are updates to Bonu$aver from 01Jun2025
https://forums.hardwarezone.com.sg/...-town-from-scb.3607961/page-75#post-156401739

 

[Guojing88]

Please refer to the actual 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.

Did your RM have a different interpretation of the t&cs ?

That was what she said to me. She knows I have lots of equities all self purchased thru SC.

Do you have another RM telling you differently, or you are just reading the words?