please be aware the latest T&C that you need a higher commitment per month to get 2% on the first 100k
and it is only valid for 12m (if you are a new account holder - never get invest % before)

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

do your own  calculation on whether the sales charge is worth the 2% extra interest.

TS, it seems like your thread is getting traction, doesn't seems like less people are talking about it.

This is one of the better products coming from from SCB  CASA with interest rates that could challenge the FDs yet with flexibility of deposit and withdrawal...

As for the debit card, just get it as you can withdraw from ANY bank ATM with MEPS without the withdrawal fee of RM4 which is waived after you meet the min deposit amt. 

But note not to withdraw from ATM (non-bank) located inside 7-11, the withdrawal fee is not waived off according to the bank.

It was less when people I first posted

They're migrated from OCBC 360 thread.

Then I suppose when interest rates go back up and another high yielding saving product comes along, migrate again lol

Dropped by Taipan Subang branch to enquire about their ever mysterious 2% invest/insure option:
i. Insurance/savings plan
It's a 60 month/5 year plan partnering with Prudential, you get to pick from select Eastspring funds to allocate money into. About 20 of them all together including local equity, global equity, local bond and janky global high yield bond. I stopped the banker there before he got all excited about a savings plan with India and China funds.

ii. UT
RM1000 a month @ 2.5% sales fee. No lock in period can stop/start anytime. Sales fee can be reduced to 1.5% for whole tenure if lumpsum RM5,000 the first month and subsequently RM1,000 monthly.

From the top of my head (I was shown the funds from screen) - funds houses Aberdeen, AmInvest, Eastspring, Principal, Franklin, Templeton, RHB. Notably missing are Areca, Kenanga and United. All in about 190 funds, with some of them wholesale which require qualification of HNWI based on RM3mil AUM or 300k annual income.

Based on my calculation (hope it's right) with RM20,000 average balance in account, you'll be earning back the sales fee 4th month onwards if RM5000 initial lumpsum was done to lower the sales fee to 1.5%.

[attachmentid=10415261]
*Invest interest 2% per month derived from simple calculation 20000*0.02/12

Update:
Opened account today, and was told the UT invest offer is mutually exclusive of one another. So pick:
i. 2% interest of monthly average balance @ 2.5% sales fee
OR
ii. 1.5% sales charge for initial and subsequent UT invest if the initial amount invested is RM5,000 (promo - valid until end Feb 2020)

I have existing SC cards, account opening took about half hour - bulk of the time bank staff was keying things into system.

Personally will go for the 4%

This trend will sure happen.
Have you see any bank loyalty in the FD thread? 

Even the coldest bank like BI, BR, MBSB and Bangkok Bank, they also storm.

The loyalty is towards rate, not brand. 

It was less when people I first posted

Eurobeater could you however correct the typo on the topic?

I received call from standard chartered bank staff asking me whether want to lock rm3k in my PSA until 31 March to get rm50 cash back. I just gave them the green light to do it. Anyone receive the same call also?

What you meant by "lock'?
Your MAB always 0?

Meaning if you have rm10k. You can only use rm7k and the rest rm3k will locked.

1.5 month for free RM50, and still earn 4%, sounds like free money

1.5 month for free RM50, and still earn 4%, sounds like free money