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Banking Privilege$aver by Standard Chartered, up to 4.75%, Seems like so few people talk about it
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vfoong
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 Apr 1 2020, 06:03 PM
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Getting Started
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Hi guys,
Just applied for this account mid month, having moved from OCBC 360. Anyone notice any discrepancy in the calculation for the spend bonus (1.5%) for March? From my calculations it is more like 1% (and I've factored in the fact that the spend bonus only applies to MAB up to 100,000)
So conclusion from me it was more like 0.5% (base) + 2% (save) + 1% (spend). I to plan to call the bank and clarify why this is. Just wondering if anyone has noticed this? If your MAB is less than 100,000 the spend bonus should be 0.75 times of your save bonus.
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vfoong
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Apr 1 2020, 06:46 PM
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Getting Started
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QUOTE(zenquix @ Apr 1 2020, 06:18 PM) it's daily rest - have you factored the reduced days from mid month? Based on GrumpyNooby post it is very close to 1.5 / 100 * 100000 * 31 / 365 Yes I have. My save tallies perfectly (literally to the sen). Base interest also tallies to the sen (but only if you factor one year = 366 days). But the spend is off... MAB is < 100000. Maybe the calculation mechanism is slightly different for spend. I guess I'll keep this in view and check again in May for the month of April when I have a full month with the bank.. |
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vfoong
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Apr 1 2020, 08:20 PM
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Getting Started
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QUOTE(GrumpyNooby @ Apr 1 2020, 08:01 PM) The save bonus you divided with 365 or 366? Save divided by 365.. Base divided by 366.. Baru everything tally... |
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