Yes, I also had to doublecheck the TnC because I settled mine in March and did not get the March bonus.

But it is absolutely clear, start in March not means bonus in March:

Actually it is 2.5 % for almost all unit trusts, except the ones that not mainly invest in stocks (then it is lower and will not qualify).

Usually the informations sheets from the unit trust companies show higher sales charge, but that is only the top barrier. Surely at other places you can get lower than 2.5, but the combo of 2.5 charge and 2.0 bonus is quite attractive if you keep the investment down to the minimum requirement of 1k a month.

The Invest Bonus interest is only limited to first RM 20k of MAB only right?

Yeah, so we are talking about a bonus of RM 33,33 a month

The unit trust will gain or lose much more in the next 12 months.

But if you want to put money in a unit trust and increase your balance with SC, why not?

If one thinks 2020 is a good year to put RM 6000 in a unit trust every month, also can consider, at least you are lowering the 2.5 % sales charge a lot with the bonus.

This post has been edited by David_Yang: Apr 5 2020, 05:12 PM

2.5% at 6000 a month = total RM1800 in sales charges this year.

Offset by extra 2% presumably on maxed RM100k account = RM2000.

so you earn RM200.. basically RM16 a month.

So you are just risking 72000 - whether you have benefit or not wholly depends on the UT you buy.

If your PSA <100k the maths are even worse


--- 1k a month

sales charge = RM300

20k @ 2% = RM400

so clean additional RM8 a month of interest.

If die die must take i would recommend sticking to 1k. 6x the exposure for 2x the gain doesn't make sense unless the UT is sure win



This post has been edited by zenquix: Apr 5 2020, 05:25 PM

welp, considering the new lows, the UTs are selling at a bargain

- deleted -

This post has been edited by ProxMatoR: Apr 5 2020, 10:43 PM

Hello Sifusss, for spending part, is it possible using debit card to spend in order to get the 1.5% interest rate?

No.
This is not similar to OCBC 360/360i account.

I see.... thank you so much!

Revision of Terms & Conditions of Privilege$aver Campaign

Please take note, effective 1 May 2020, base interest rate of Privilege Savings Account and base profit rate for SuperSalary-i will be revised as follows;

Clause 9
Base rate for Privilege Savings Account and SuperSalary-i is revised from 0.50% to 0.10% p.a.





Clause 14
Eligible Account holders can earn up to 5.60% p.a. (from 6.00% 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 above.

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

Revised T&C for PSA:
https://av.sc.com/my/content/docs/my-privilegeaver-tnc.pdf

Eurobeater: Please update the thread title to 5.6% pa



This post has been edited by GrumpyNooby: Apr 9 2020, 08:11 PM

hmm so it's 3.6% for most

So now is PSA 3.6% VS OCBC360 3.4%.

Thanks for the update. Still higher than OCBC 360 (well minus the final 2% invesment wealth stuff for SCB).

Somebody jinxed it since February 2020.

One thing i dont like sc,
now already april they still call+email question my transaction done on January.

Oh no.... just get approved for the Credit card then start become 3.6% pula..... sad

Thanks for the heads up. I'm updating the tered

Sad news...

It still the best saving account with high interest compared to FD in the mkt... not difficult to meet the fulfillment if you have their CC eg LFC, JOP which still give reasonably good CB..