I think for Savings Account most banks consider "deposit" from the day cheque is cleared, But not the case for FD where the date commence from the deposit date.

The safest and cheapest way to transfer any amount more than rm65700 to the Stanchart is by Rentas before noon. The charge is rm9 and will be credited on the same day. By cheques (personal or banker), it will take two working days.

it is worth to open esaver with standard charted with 5% pa? is it higher than normal FD of 3 months?

sifus.. how do you calculate..

For every rm10000, 3month@5%=rm125, 3month@3.4%=rm85, you make an extra rm40, is it worth it for u?

esaver is a savings account than fixed deposit right?

eSaver is Savings Account from SCB.
The current 5% promo for 3 months makes feel like a 3-mth FD.

It matters for those that have huge cash pile. Imagine the difference at 500K where SC limits you.

Thanks Ronnie. Not sure whether BSN is guaranteed by the Government. But I did come across an article by a newspaper a few years ago where it mentioned that PIDM guaranteed for BSN. But then I would prefer it to be official as in PIDM states it at their website.

Wonder anyone else knows the answer to this? Thanks.

Will this eSaver apply to all standard chartered branches?

wonder the standard chartered saadiq can open this type of account?

BSN is guaranteed....see below attachment..last page

http://www.pidm.gov.my/downloads/list_of_g...aranteed_fi.pdf

This post has been edited by gsc: Oct 4 2011, 10:17 AM

There's eSaver-i for Saadiq branches

i went to a saadiq branch and the guy sign me up into a saadiq account saying it pays the same 5% - called the hotline to clarify but got cut-off

btw, when and how do we get the online access details? The guy said they will call me and text me the password - is this correct procedure?

A lot of banks offer higher interest rates for competitiveness. however, as we look into it on how the interest given then u will see differences.

For Eg:
UOB offers 3.85% FD promo rate.
condition: 30% of the amount placement hold for 3 mths in High Yield Account (with 0.2% interst) where it will be released proportionally each month.
thus, effective rate is only 2.755%

CIMB offer 4.5% FD rate.
condition:
1-3mth: 3%
4-6mth: 3.1%
7th mth: 3.4%
8th mth: 4.5%
thus effective rate is only 3.28%

Maybank offer 4.18% FD rate:
condition:
1-2mth: 3.1%
3-5mth: 3.25%
6th mth: 4.18%
thus effective rate is 3.36%

RHB offer 3.7% FD promo rate.
condition:
1-2mth: 3.45%
3-4mth: 3.5%
5-6mth:3.55%
7-8mth: 3.7%
thus effective rate is 3.55%

hi guys, any account maintenance fee or acct opening fee that we need to pay?
thx

Wow, mind to show the way you come out with the effective rate?

Thanks for summarizing on some info. which we hv discussed earlier. Best deal for now is Std Chartered

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Added on October 4, 2011, 2:31 pmPosted earlier on CIMB

Tenure Promotional rates (p.a.)*
8-months
Month 1 to 3 3.00%
Month 4 to 6 3.10%
Month 7 3.40%
Month 8 4.50%

3 + 3 +3 +3.1 +3.1 + 3.1 + 3.4 + 4. 5 = 26.2

26.2/8 = 3.275 worse than UOB and HLB


10-months
Month 1 to 3 3.00%
Month 4 to 6 3.15%
Month 7 to 9 3.40%
Month 10 4.50%

3 + 3 + 3 + 3.15 + 3.15 + 3.15 + 3.4 + 3.4 + 3.4 + 4.5 = 33.15

33.15/10 = 3.315 worse than UOB and HLB

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Added on October 4, 2011, 2:34 pmno fee charged on esaver, RM20 if closed before 3 months


This post has been edited by gsc: Oct 4 2011, 02:34 PM

Standard chartered offer 5% but with T&C. n the 5% bonus is based on the incremental amount only if not mistaken. n the min amount in the account is rm3K.
should calculate the total $$ u may get n the capital u have in order to enjoy the 5%.

Sorry, I do not quite understand.
Can you give one example?

i having a savings account in Stand Chart.. name appear in the my online access is "PowerPay" so does it same with the eSave / SuperSalary?

btw... i think the HLB Junior Fixed Deposit also not bad... 4.5% pa for tenure 24months as the minimum placement is only RM1k.. good for those parents want to save some for their children

http://www.hlb.com.my/promo/pfs/dep_junior...dex.jsp?s=promo

every month u need to top up your account in order to enjoy the 5%. i'm not sure how they calculate the interest but according to info i know, the interest is calculated based on the average incremental amount.
5% special rates consists of bonus interest PLUS interest at the effective interest rate. So it is not giving out 5% flat to all customers.
Example: Bonus Interest earned for an account with Incremental average balance of RM200,000:
5% (Special interest) - 2% (Tier rate of e$aver) = 3% only. and it varies depend on customer’s balances and the tier rate.