hi...coming here to ask about SC Privilege$aver account ....

Just open a privilege saving account at Standard Chartered since I already got a credit card and online account there.
Anyway, was asked by the person in charge to take the debit card (annual fees RM8) if not the privilege benefits will not get.
Is that true?
Coz I highly doubt this debit card is needed to fulfill the required condition to get up to 6% pa interest.

Good thing about this debit card is it is one of the features and tie to the saving account is that you can withdraw cash in any bank atm (foreign or local bank - MEPS or HOUSE) for free (it charge when you withdraw and credit back by end of the day). That is what i heard.

The fresh fund after deposit can withdraw on the same day too. 

HNWI? Not in my books! 

Anyways, I usually do not prefer "short term" 6-months FD rates then reverting back to board rates. Also the 70:30 ratio effectively lowers the advertised 4.7% FD rates.

If i read correctly using the assumption of 100K

70K @ 4.7%
30K @ 0.5%

After 6 months total Interests earned is 1,720/100,000 = 3.44%, no?

INM should be a 5Y plan. Not expecting much from this plan though, maybe slightly above FD rates will do for me.
Main objective is to utilize the Spend 1K element of PSA. Instead of "spending" on wants, might as well "invest" it.  :thumbsup:

for SCB, does it work if i already have a credit card now. Then i go apply Savings account later?
everything is linked through name/IC, As in, no need to link specific credit card to specific savings account to get the extra % from cc spending

SCB: Revision of Terms & Conditions of Privilege$aver Campaign

https://www.sc.com/my/important-information...eaver-campaign/

Please take note, effective 11 January 2020, the Terms and Conditions of Privilege$aver Campaign will be revised as
follows: www.sc.com/my/terms-and-conditions

>> https://av.sc.com/my/content/docs/privilege...campaign-tc.pdf

If you have any questions, please speak to our branch personnel, call our 24-hour Client Care Centre at 1300 888 888
(or +603-7711 8888 if you are calling from overseas) or email us at Malaysia.Feedback@sc.com.

---

Added on
SCB: Extension of Campaign Period of Privilege$aver Campaign

https://www.sc.com/my/important-information...-privilegeaver/

Please be informed that the Campaign Period for Privilege$aver Campaign will be extended from 31 December 2019
to 10 January 2020. Please refer to the Campaign Terms and Conditions here: http://www.sc.com/my/terms-and-conditions/

>> https://av.sc.com/my/content/docs/privilege...c-extension.pdf

If you have any questions, please speak to our branch personnel, call our 24-hour Client Care Centre at 1300 888 888
(or +603-7711 8888 if you are calling from overseas) or email us at Malaysia.Feedback@sc.com.

Why you say so? I thought it has been 1.5% this while (based on 10. July.19 TnC)

Also the new TnC (11.Jan.20) there is no cap for the deposit bonus...so the revised TnC looks slightly better offer...

Does this SCB PrivilegeSaver has a cap amount of money in the account to enjoy the high interest rate like OCBC360 is RM100k?

I am using web. Anyway, I have contacted standard charted customer support. I'm not the only one having these issue. They will investigate and get back to me.

REVISION OF JUSTONE INTEREST/PROFIT RATE/ PROFIT SHARING RATIO

Kindly be informed that the interest/profit rate/profit sharing ratio (PSR) for JustOne Accounts will be revised as follows.
All other product features, fees and charges will remain unchanged.

EFFECTIVE DATE: 17 APRIL 2020



EFFECTIVE DATE: 1 MAY 2020



https://av.sc.com/my/content/docs/my-revisi...profit-rate.pdf

Revision of Product Board Rate and Profit Sharing Ratio (effective 1 May 2020)

Kindly be informed that effective 1 May 2020, the board rates for the following products will be revised as follows.
All other product features, fees and charges will remain unchanged.







https://av.sc.com/my/content/docs/revision-...aring-ratio.pdf

takut although i open in May, they still count Jan to April MAB as 0. otherwise i tunggu 1st july only open.

Base Rate
Maintain a minimum account balance of RM1,000 and get 0.25% p.a. on your daily account balance
Base Rate is calculated daily and credited monthly.
Bonus Payout
Deposit a minimum account balance of RM2,000 monthly to get 2.00% p.a.* and to qualify for other bonus payouts.
Pay a minimum of 3 bills monthly via RHB Now Internet or Mobile Banking and get 0.5% p.a.*
Spend a minimum of RM1,000 monthly using your RHB Credit or Debit Card and get 0.5% p.a.*
Invest a minimum of RM1,000 monthly with selected RHB investment products and get 1.0%**
Terms & Conditions:
*Bonus payout based on monthly average account balance up to RM100,000
** Bonus payout based on 1.0% of net investment amount.
Bonus Payout earned will be credited on 15th calendar day of the next occurring month subject to criteria met.

Regarding Standard Chartered (SC), I just opened PSA recently at SC Subang Jaya and have been offer for RM70k in FD with 2.9%, RM30K in PSA with 2.1%. Yes, it is not advertise, have to go branch to enquire. Need to have RM 100K in SC account for at least 14 days to apply. Offer ends at end of August.

sure. there're conventional and islamic versions of smart account.