For condition #1 - bank in RM3k for 2%,
if beginning of the month I bank in RM3k, but next day I withdraw RM3k, still entitled?

it's quite weird that w/o debit card then can't get the 1.5%, because from the product page, this 1.5% is coming from the spend by using credit card not debit card.

Spend

Spend RM1,000 on your credit card to earn 1.5% p.a. bonus interest.

How to automate your savings?

Set-up Standing Instructions (IS) for bill payments.

Note: The eligible Bonus Interest of 1.5% p.a. for spend category is for maximum deposit balance of RM100,000 only. Eligible Customers must use Standard Chartered Bank Malaysia Berhad credit card.

All of the bank do offer free debit card for basic saving account, this is per BNM guideline. But since PSA is not basic saving account, thus the officer told me we need to pay RM8 is valid.

May I know when your wife open the account?
I just get to know from one of the agent, they mentioned that before feb, it's compulsory to get debit card, after feb it's optional.

The unit trust requirement , how to fulfil? What if unit trust give shitty return. Isn't it drag down the percentage

YOU select the unit trust (with the minimum 2.5 % sales charge), so YOU need to blame YOURSELF if you selected one with shitty return.

Overall this deal is great, you only need to put 1k a month in unit trust for one year and can enjoy the fat 2% bonus interest on the PrivSaver. So the interest return will definitely be unbeatable, if you feel uncomfortable with the potential that you get negative return from the unit trust investment, stick to the 4.0% for deposit and spend.

I liked it too. But the credit card spending put me off a bit, since i usually don't spend anywhere near 1k

now it is 4,2% which still is great. but promo ends FRIDAY I was told

Long time never open a bank account. What document to bring along to branch if wanna open this standard chartered account? Don't wanna be sozai reach only say need this need that if not cannot open

how to get to this page?

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% .

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?

Should be FOC rite? I used before and the charges were credited the next day

There's pre-condition to meet.

Customer who Deposit minimum RM1,500 fresh funds into the Promotion Account in one single transaction is also entitled to fee waivers on cash withdrawal transactions via MEPS and HOUSe ATMs. The fee reversal will be credited into Promotion Account at end of the month.

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

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.

Based on MAB of 100,000, if I use 1.5 / 100 * 100000 * 31 / 365, I get RM 127.397
But this year is a leap year right, if I use 1.5 / 100 * 100000 * 31 / 366, I get RM 127.049

oic, i'd usually go FSM to buy unit trusts. but just exploring the feasibility of this option to get some additional interest. not attractive.

Hi sifu, I have a semi flexi Maybank Islamic housing loan with an interest rate of 3.75%, since there is this moratorium right now, should I just stop the monthly instalment for 6 months and put my money in SCB PrivilegeSaver to maximise the saving? After 6 months, one shot dump back the money back to my housing loan.

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.

My statement for SC credit card (statement date: 9th) and PSA (statement date: 19th) are sent out separately.

The consolidated statement doesn't have details on SC credit card. The configuration isn't set by me. The bank officer who opened/processed the account opening set it,

Usually, you get statement for saving account at early of the month not middle of the month. The cut-off date is just weird.