Exactly.

My thoughts too. Its literally just RM8 per year for the debit card. Negligible cost even with RM1k or less in the PSA

to get the 2% + 2% ....


i need to :
1. spend RM1000 credit card
2. fresh fund of RM3500 monthly.

need to go to branch to open ?
or can do ONLINE ?


planning to transfer from OCBC-360 , current = 3.6% .

If you have SC credit cards, you can do at the booth with a qualified bank staff if there's (not CC agent).

Yes.

Can open online if you have an existing relationship with SCB like having their cc or other saving acc.

Or else, you may have to go to a branch

officially 3.4%p.a. already.

Extra amount after 100k in SC Privilege Savers Account is 2.5%, correct?
This is much higher than the after 100k in OCBC 360 which is only 0.1%, am I right on the 0.1%?

So if greater than 200k the balance I will be better off putting in SCB PSA.
Just temporarily stash in SCB and OCBC before transferring it out on last few days of March to 1st of April

https://av.sc.com/my/content/docs/my-revise...er-campaign.pdf

Isn't the base interest for PSA itself of 0.5% is still higher than 360 base interest of 0.1%?

This post has been edited by GrumpyNooby: Mar 9 2020, 09:06 PM

Ohh for PSA, more than 100k, the interest is only 0.5% instead of 0.5%+2.0%?
Thanks

This post has been edited by Sumofwhich: Mar 9 2020, 09:14 PM

2.5%
No cap for Deposit/Save Bonus.

This post has been edited by GrumpyNooby: Mar 9 2020, 09:17 PM

Okay thanks!
Way better than OCBC punya 0.1%

I'm new to this
One of the criteria is to put 1k/month into UT/insurance. If I don't want put 1k for UT /insurance is this worth to register?

fresh fund 3k


yes. The UT / insurance is a bit of trap. Read earlier in the thread for the analysis. Note that it is also only applicable for first 12m

This post has been edited by zenquix: Mar 9 2020, 10:51 PM

That means I'll get 2+2 % with just spending 1k on credit card and deposit rm3k fresh fund when open account?

I need to bring cash or can fund transfer when I'm opening account? And do I need to pay for debit card annual fee?

I open new account last year. Just need to ATM set password etc after take the card.

Then only transfer online to the account.

You can bring maybe RM250 Cash if want be safe.

ATM/Debit Card PIN can now be set online; either via SC portal or app.

This post has been edited by GrumpyNooby: Mar 10 2020, 08:30 AM

3k fresh fund? means cannot do deposit and transfer method?? every month need 3k increment only can get the 2%

10. “Fresh Funds” means funds which do not originate from any accounts held with the SCBMB or SCSB

https://av.sc.com/my/content/docs/my-revise...er-campaign.pdf

where did it say need 3k increment from previous balance every month?

Transfer in and out. No problem.

No need increment. Decrease also never mind.

As long got incoming 3k