Standchart eSaver

[vsvs24]

The t&c states that must buy something. Ex-stocks do not count.

Where in the tnc of esaver did it say must buy something and current holdings not counted ?

 

[twosix]

I didn't buy but still got the higher interest. This is for the public promotion

I did not buy 1st month and only got the bi without investment. I read the t&c again and bought 1 share and got the full BI this time.

 

[vsvs24]

I did not buy 1st month and only got the bi without investment. I read the t&c again and bought 1 share and got the full BI this time.

Did you hold any investment in the first month ?

 

[twosix]

Did you hold any investment in the first month ?

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

 

[xRenol]

The Terms & Conditions only stated, "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.

For Bonus$aver, account holders need to either settled a trade for an eligible unit trust or trade a minimum of S$20,000 in cumulative buy trades.

 

[Devilsire]

I did not buy 1st month and only got the bi without investment. I read the t&c again and bought 1 share and got the full BI this time.

i bought during 1st month (june) and held till now, gotten BI @ wealth holding rate for both june & july

 

[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.