Come to think about it; revise to 2.6% pa vs RHB Smart Account @ 2.85% pa will have PSA less attractive.

PSA competitive rate is usually higher than RHB Smart Account.

That's why I didn't open it
Too much efforts to complete.

“PAY” means the payment made from the Account of the Accountholder via RHB Now or RHB Now Mobile Banking to pay utilities bill or other bills under participating billing organizations. “Pay” is divided into two categories as shown in the table below



https://www.rhbgroup.com/files/others/terms...ing_tnc_eng.pdf

21 days

NOTIFICATION – INTRODUCTION OF INBOX NOTIFICATION FEATURE TO STANDARD CHARTERED MOBILE APP (SC MOBILE APP)\\

We are introducing Inbox Notification to our SC Mobile App which will be available for download effective 1 August 2020 onwards. We are pleased to bring you this enhancement as part of our continuous effort to enrich the mobile banking experience to all our clients.

What does this mean for you?

Inbox Notification utilises Push Notification services to securely deliver banking transaction alerts and marketing messages (the alerts) via the internet and the alerts will pop up on your mobile device via SC Mobile App. For non-SC Mobile App users, you will continue to receive the alerts via SMS and/or electronic direct mailer.

a. For New SC Mobile App users: After downloading the SC Mobile App on your device, you will be prompted to register for Soft Token and proceed to select your preferred
PIN. Upon successful validation, you will be registered for both Soft Token and Inbox Notification. You will continue to receive marketing massages but will no longer receive
banking transaction alerts via SMS.
b. For Existing SC Mobile App users: Upon successful app version update and login, a popup message will inform you of this new enhancement and notify that you are now
registered for Inbox Notification. You will continue to receive marketing messages but will no longer receive banking transaction alerts via SMS.

What if you want to disable Inbox Notification and continue receiving alerts via SMS and/or electronic direct mailer?

You are able to easily toggle between on / off for Inbox Notification in the SC Mobile App Settings menu. Besides, you have the option to choose to receive either banking transaction alerts or marketing messages or both and vice versa. By opting not to receive the alerts via Inbox Notification, you will continue to receive the alerts via SMS and/or electronic direct mailer.

https://av.sc.com/my/content/docs/introduct...-mobile-app.pdf

Revision of Privilege$aver Campaign Terms & Conditions

Please take note, effective 1 Sep 2020, Deposit Bonus Interest of Privilege Savings Account /Deposit Bonus Hibah of Super Salary-i and Credit Card Spend Bonus Interest will be revised as follows:


Clause 11
Table 1.
• Deposit Bonus Interest/Hibah will be revised from 2.00% p.a. to 1.50% p.a. with average balance cap of RM 200,000 during the month
• Credit Card Bonus Interest will be revised from 1.50% p.a. to 1.00% p.a.

Clause 14
Eligible Account holders can earn up to 4.60% p.a. (from 5.60% p.a.) in the promotion account based on total interest/return earned from the Base Rate and total Bonus Rates on all Bonus Categories of Deposit, Card Spend and Wealth Management as seen in Table 1 of the Campaign Terms and Conditions.

https://av.sc.com/my/content/docs/my-revisi...egeaver-tcs.pdf

Eurobeater: Please update the thread title

This post has been edited by GrumpyNooby: Aug 5 2020, 06:13 PM

Difference is only 0.25% pa

Move to Opus IPF/SPF/MPF if want to earn more.

This post has been edited by GrumpyNooby: Aug 5 2020, 07:22 PM

The FD thread keeps promoting TIA.
That's an alternative.

But I'm willing to take slight more risk at this period of accumulation.

I think different product.

CIMB TIA: https://www.cimb.com.my/en/personal/day-to-...-account-i.html
2020 Q1 report: https://www.cimb.com.my/content/dam/cimb/pe...12020-final.pdf

Eurobeater

Here's the new T&C for PSA (effective 1/9/2020):

https://av.sc.com/my/content/docs/my-privilegeaver-tcs.pdf

IMPORTANT INFORMATION INTERNATIONAL POST SERVICE DISTRUPTION IMPACTING BANK STATEMENT AND NOTICES

Please be advised that Pos Malaysia international post service will be disrupted starting 3rd August 2020. Refer to the full announcement here.

The disruption would impact the delivery of physical statements and investment transaction notices to international mailing address registered under Standard Chartered Bank Malaysia Berhad and Standard Chartered Saadiq Berhad.

We understand that your finances are important, and your time is valuable. We strongly encourage you to opt in for eStatement available through the following channels: SC Mobile and Online Banking.

https://av.sc.com/my/content/docs/my-intern...-disruption.pdf

Introduction of Paper Statement Fee for Individual Retail Clients effective 1 November 2019 (Not Applicable for Company Accounts – SME/ Business Banking & Corporate Accounts)

As notified during September 2019 and November 2019 ,with a view to drive the reduction of paper consumption and to ensure you receive your statements in the most convenient, secure, and timely way possible, we have made it possible for customers to receive their bank statements via email or for download from our online banking website. We strongly encourage all our clients to enrol to eStatements as soon as possible to start enjoying these benefits.

Effective 1st November 2019, a Paper Statement Fee of RM5.00 per statement will be applied for Standard Chartered/Standard Chartered Saadiq accounts as follows:
• Current Accounts
• Savings Accounts
• Credit Card Account

https://av.sc.com/my/content/docs/my-paper-...-fee-notice.pdf

RHB Smart Account interest rate has been revised to 2.85% pa effective 13/7/2020



This post has been edited by GrumpyNooby: Aug 18 2020, 02:40 PM

Ask here:
https://forum.lowyat.net/topic/2855886/+3640#entry97864331

Calculate MAB for the month of August.
That MAB should be entitled to bonus interest as long as condition is fulfilled.

Received email from SC regarding upcoming change in the bonus interest starting 1/9/2020

It's just 2.6% (2 conditions for SC PSA) vs 2.85% (3 conditions for RHB Smart Account).

No investment/insurance to be considered for both.

This post has been edited by GrumpyNooby: Aug 25 2020, 01:14 PM

Effective 1/9/2020:


*Base interest: 0.1% pa

T&C: https://av.sc.com/my/content/docs/my-privilegeaver-tcs.pdf

I don't know what you aim for but I have no interest with those Bancassurance. Perhaps, your preference is not spending from credit card.

With additional credit card from SC that I have been using before I opened PSA, I can still get 2.6% pa without any commitment to Bancassurance.

I also stated clearly since earlier posts for comparison between PSA and RHB Smart Account, no Bancassurance (insurance/unit trust) is being considered.

Even if I were to migrate to RHB Smart Account, I will also aim for 2.85% pa (Save+Pay+Spend) only.

This post has been edited by GrumpyNooby: Aug 25 2020, 03:34 PM

It's up to your preference.
I don't have account with RHB.

I shared the below opinions too and I hate to go to the branch!