In total you get 5% (include the eSaver's own interest rate), not more than 5% on the capital.
5% is based on Average Daily Balance (for new account holders)... incremental to ADB of RM3000 (for existing SCB account holders)

Won't 3%+2% = 5% ?

Lets say if I am a new customer and I intend to open an e$aver account with an initial deposit of 50k but do not intend to top up my account, will I be eligible for the bonus payment rate of 5% p.a. for the 50k deposited from the account opening date till December 31.

Hi everyone, just to update, for islamic account like saadiq saver-i is not eligible to participate in scb 5% interest promo. Only supersalary or e$aver are eligible.

From my understanding you should be getting 5%, but for such an amt it is better you find out yourself from the horse's mouth and let us know.

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Added on October 4, 2011, 6:05 pmNot true, Saadiq $aver-i has the same promo.

This post has been edited by MGM: Oct 4 2011, 06:05 PM

[quote=MGM,Oct 4 2011, 06:04 PM]
From my understanding you should be getting 5%, but for such an amt it is better you find out yourself from the horse's mouth and let us know.

Thanks MGM. The bank is closed, so I am unable to clarify with CS.
However, I am still hoping someone could shed light on the term "Incremental ADB" as I am quite confused by it. Does it actually mean that the new e$aver account holder still has to keep topping up during the Bonus Period (i.e. Oct till Dec month) in order to earn the 5% Bonus Payments apart from the initial deposit.

The above policy applies to exiting customers only.
Existing customers will get 5% interest on each month top up of each single deposit only, not
flat 5% rate for 3 months of total deposits.

For example, exiting customer A makes a deposit for 3K in October, then a 5% rate for 3K will pay to existing customer A.
Then, existing customer A makes another deposit for 4K in November, a 5% rate for 4K will be paid; but the 3K deposit made in
October previously will not get 5%.

For new customers, they can make deposits anytime (or top up) during October only.
New customers will get flat 5% interest rate for 3 months from October to
end of December 2011.

Interest will calculate on daily basis.

This post has been edited by BoomChaCha: Oct 4 2011, 07:45 PM

From what I understand, example 8.3 in the T&C clearly shows you can top up in anytime from oct to dec2011 and enjoy the 5% bonus.

http://www.standardchartered.com.my/person...rpromo/tnc.html

This post has been edited by MGM: Oct 4 2011, 08:00 PM

I called Standard & Chartered customer service at 1-300 888 888 for few times,
they confirmed new customers can only top up during October period only.
New customer will get flat 5% rate for the total deposit for 3 months which will calculate on daily basis.

Existing customers can top up from October to December.
Existing customer will get 5% rate based on each monthly particular top up. Existing customers will not get
flat 5% rate for 3 months from October to December.

This post has been edited by BoomChaCha: Oct 4 2011, 08:17 PM

Abc sales ppl said nov and dec top up can enjoy 5% also. Calculated on daily basis, if you deposit 3k on 1st dec, so you will enjoy the 5% based on 30 days calculation

the 5% is only for the 1st 3 months, after that back to normal check with one of the standard chartered branch ..

furthermore the conventional and saadiq almost similar though. Hmm...

What do you expect ???? 5% p.a. forever ?!

Since my cheque officially clears on 5 October 2011, I assume the ADB calculation will be from 5-Oct onwards

have you all got your SCB online access d? they suppose to telephone and sms?

When I walked in and opened an account, they created a temporary login id and sms a temporary password to me. Then I'll need to visit their site and use the temporary details to create a permanent login id and password to access my eSaver account.

Probably you will go through the same procedure as well.


This post has been edited by lkcheng: Oct 5 2011, 10:35 AM

i had to phone up to get online access setup -useless branch in ampang point didn't give me the temporary ID

wonder, if i can setup another esaver account at another branch?

I think you need to call. Here what their site said:

Temporary ID (Received at the branch or via contact centre)

If you go other branch and open another one, I think they will not allow.

it is called daily average balance, not incremental for new customer...

http://www.standardchartered.com.my/person...rpromo/tnc.html

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Added on October 5, 2011, 12:45 pmFor new customers ------that is different from what the staff told me, money can be topped up from Oct to 31/Dec/2011.

what is the point of allowing only Oct month top up and Nov Dec top up not earning 5% interest ?

This post has been edited by gsc: Oct 5 2011, 12:46 PM

SCB can change their terms and conditions anytime.

10. SCBMB may vary any of these Terms and Conditions. Any such change will be announced on SCBMB's website at standardchartered.com.my in SCBMB's branches and notified via the Promotion Account statements.

Which bank can online make FD

Maybank is possible to create eFixed Deposits