Standchart eSaver

[vsvs24]

Yes. So am I underpaid? If so I will call the bank.

Hope you call and get it.

Then just need to buy and hold. No need to buy new ones every cycle.

Based on tnc :
https://av.sc.com/sg/content/docs/s...07C0600168480A495FE2%40AdobeOrg|TS=1755161332

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.

 

[twosix]

Ok, I will call the bank tomorrow. Thanks.

 

[GrandJedi]

Hope you call and get it.

Then just need to buy and hold. No need to buy new ones every cycle.

Based on tnc :
https://av.sc.com/sg/content/docs/sg-esaver-account-tnc.pdf?adobe_mc=MCMID=40991701437558345722331471017471908812|MCORGID=625107C0600168480A495FE2%40AdobeOrg|TS=1755161332

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.

Read in TnC somewhere for BonusSaver need $20k every 6 months of investments.

 

[Froggyman]

Read in TnC somewhere for BonusSaver need $20k every 6 months of investments.

They should be talking about the eSaver account with the wealth holding. No mentioning of the period or the amount to be purchase .

 

[ericcsn]

They should be talking about the eSaver account with the wealth holding. No mentioning of the period or the amount to be purchase .

you know the saying, 一石 ...

 

[CaptainWu]

Just got invitation from SCB, the rate is 2.2% from Sep to Nov, same as the previous public one but for 3 months instead of 2. As usual, they send this email few days before end month to allow you to have time to withdraw before the end month as this requires 100k at Sep 30 more than Aug 31.

 

[AST781]

Just got invitation from SCB, the rate is 2.2% from Sep to Nov, same as the previous public one but for 3 months instead of 2. As usual, they send this email few days before end month to allow you to have time to withdraw before the end month as this requires 100k at Sep 30 more than Aug 31.

Didn't get. Time to whip my RM into shape.

 

[CaptainWu]

Didn't get. Time to whip my RM into shape.

I don't think its RM, just the system generates or may be randomly..anyway the rate is nothing fancy, I think this probably same as public rate but no need for wealthholding but need the 100k > last month end.

 

[hwarzoner]

RM cannot do much on the esaver promo

 

[maumu]

It's hard to accept that it's random. More like there's a 'rule' for the system to identify who to invite... otherwise it's not optimising the objective.

I've not been invited for many moons... sigh. Hope to see other banks offering better rates than this 2.2% (only issue is need to merry go round)

 

[Devilsire]

It's hard to accept that it's random. More like there's a 'rule' for the system to identify who to invite... otherwise it's not optimising the objective.

I've not been invited for many moons... sigh. Hope to see other banks offering better rates than this 2.2% (only issue is need to merry go round)

I don't think its RM, just the system generates or may be randomly..anyway the rate is nothing fancy, I think this probably same as public rate but no need for wealthholding but need the 100k > last month end.

there's discussion abt it last time.
Speculations steps:
Firstly, u need to let the system know u have the $, by depositing >$xxx into the bank
next, empty the balance
pray within the next month or so,u'll receive the email invite

 

[Panerex]

Just got invitation from SCB, the rate is 2.2% from Sep to Nov, same as the previous public one but for 3 months instead of 2. As usual, they send this email few days before end month to allow you to have time to withdraw before the end month as this requires 100k at Sep 30 more than Aug 31.

So shd transfer at least $100k out on 31 Aug and redeposit in Sep?

 

[ckman3]

So shd transfer at least $100k out on 31 Aug and redeposit in Sep?

PSA : Just for info, SCB system enhancement on 31 Aug from 12am to 6pm for SC Mobile and Online. Suggest to do so today in case of system glitches on 31 Aug after 6pm.

 

[AST781]

It's hard to accept that it's random. More like there's a 'rule' for the system to identify who to invite... otherwise it's not optimising the objective.

I've not been invited for many moons... sigh. Hope to see other banks offering better rates than this 2.2% (only issue is need to merry go round)

In this current climate, I'm happy with anything above 2% liao.

 

[royalmix]

Didn't get. Time to whip my RM into shape.

Whip hard, then he/she send you exclusive invite tnc A!

 

[CaptainWu]

So shd transfer at least $100k out on 31 Aug and redeposit in Sep?

To be safe I transfer out today as 31 Aug is Sunday and not sure the cut off timing. Re-deposit 31 Sep is also okay, as long as you do this before the cut off, or if you want to get full Sep rate then yes you can just simply put back on 1 Sep.

 

[DevilPlate]

So public esaver (with wealth holding), existing eligible etf/stocks OK anot?
Or must buy some within the month?

 

[AST781]

So public esaver (with wealth holding), existing eligible etf/stocks OK anot?
Or must buy some within the month?

Existing is ok. Answer is from personal experience.

 

[GrandJedi]

It's hard to accept that it's random. More like there's a 'rule' for the system to identify who to invite... otherwise it's not optimising the objective.

I've not been invited for many moons... sigh. Hope to see other banks offering better rates than this 2.2% (only issue is need to merry go round)

I have not received it for a long long time.. I wonder what you need to do to trigger it? Deposit a certain amount, withdraw a certain amount within a certain time or # of transactions... 2.2% seems the best for now...

 

[vsvs24]

einvite might not always be a good thing. I am on einvite Aug to Oct for 1.75% which is the same as public rate Aug to Sep.

But I have met wealth holding in Jul which would give me 2.2% public rate for Aug to Sep. E-invite no mention of wealth holdings so I presume only get 1.75% for Aug to Oct.