Posts Tagged With: Standard Chartered

Standard Chartered eSaver Account is now offering Bonus Interest Rate of up to 1.88%p.a. on your Top-Up amount.

The offer last till 31 December 2008.

Balance	Interest Rate	+	Bonus Rate	=	Special Rate
Less than $50,000	0.50%p.a.		0.50%p.a.		1.00%p.a.
$50,000 to $199,999	0.88%p.a.		0.30%p.a.		1.18%p.a.
$200,000 to $499,999	1.00%p.a.		0.30%p.a.		1.30%p.a.
$500,000 to $999,999	1.00%p.a.		0.68%p.a.		1.68%p.a.
$1 million & above	1.00%p.a.		0.88%p.a.		1.88%p.a.

 

I guess most of the people falls in the less than $50,000 category and could only get 1.00%p.a. interest rate on the top-up amount.

If your balance is less than $50,000, I guess it is a better deal to put your money in FairPrice Plus Savings Account as they offers 1.00%p.a. interest rate from the very first dollar.

Standard Chartered eSaver Account lowered its interest rate once again to 0.50% p.a. for amount  less than S$50,000 effective from 4 August 2008.

They have been cutting down the interest rate for this account for the past year

Currently, Standard Chartered eSaver Account is giving bonus interest rate for the amount top-up until 31 December 2008.

I doubt I will be staying with this account in future, I have applied for FairPrice Plus Savings Account which has a base interest of 1%p.a, twice that of Standard Chartered eSaver Account.

I think FairPrice Plus Savings Account has the highest interest rate for a savings account currently. It is always good to take the trouble to make your money work a little bit harder.

It’s time to jump ship.

Do you pay yourself first or pay your bills first then save the rest and realised that nothing much is left at the end of the month?

I am like most of the people who spend first then save later in the past and usually left with nothing, really. Things changed after I started reading some financial related books.

It is important to have a system or plan in order to build up your savings.

One of it is that i have setup an instruction to automatically deduct a certain amount from my pay receiving account (Citibank Stepup account) to my pure savings account (Standchart eSaver account) which I do not touch the money at all on the pay day.

This way, I can restrict myself to only spend the rest of the money in my Citibank Stepup account without worrying about how much money to save or when to save, or things like that.

It is always great to have some savings, be it for emergency or for personal use.

It is just a little effort. If you are lazy, then your money will be lazy too!