QUOTE(victorian @ Sep 20 2018, 09:17 PM)
Hey guys here is the rate SC offers for employee can you guys help me to see if its any good?
· Dedicated Relationship Manager for all your company’s Employee Banking needs
· Banking convenience at your doorstep. Account opening services at work without the hassle of going all the way to a branch
· Employees stand to enjoy extra financial perks such as preferential rates, sign-up rewards and other benefits for banking products
· Unlimited Complimentary withdrawals at all MEPS ATMs (12K+) nationwide1
· Unlimited free instant mobile and online fund transfers
· Interest rate of up to 6.00% p.a. with our Privilege Savings Accounts
The rate is good if using their cc and meeting 1k spending per month.
Salary crediting min 3k. The only difference is the gift for sign up I guess. Now there’s free mug lol
Charges for account withdrawal will be refunded the following month. It is applicable for all their new accounts anyway.
Total interest is 4% cap at 100k. Pretty high rates.
Another 2% is applicable if buying insurance or investment.
QUOTE
Downside: personal opinion- My staffs also sign up this but many didn’t get the gifts as they have their cc already. So depends on how is the negotiation with them as my hr didn’t realise their condition of such.
More than half of my staffs travels overseas weekly and hate their cross border charges so that’s an obvious no for their high charges, even for hotel bookings.
Usual banking still need go bank. This is only for account opening. That rm is for business, not personal rm unless your staffs sign up for PB.