SCB eSaver Savings Interest Rate Promotion

SCB eSaver Savings Interest Rate Promotion

Singapore Savings Account Rates highlights Standard Chartered Bank (Singapore) SCB eSaver Savings Interest Rate Promotion today in August 2009. The SCB eSaver Savings Interest Rate Promotion is valid from now until 31 December 2009.

What is the SCB eSaver Savings Interest Rate Promotion? It is called the Standard Chartered Bank Double Bonus Interest promotion.

Rates For SCB eSaver Savings Interest Rate Promotion:
(earned on Top Up amount for the month)
a) 0.60% p.a. for incremental deposit balances of up to S$49,999;
b) 0.80% p.a. for incremental deposit balances of S$50,000 to S$199,999; and
c) 1.00% p.a. for incremental deposit balances of S$200,000 and above on top of prevailing interest rates.

The SCB eSaver savings interest rates Double Bonus Interest Promotion is derived by applying additional interest rate of :
a) 0.30% p.a. for incremental deposit balances of up to S$49,999;
b) 0.40% p.a. for incremental deposit balances of S$50,000 to S$199,999; and
c) 0.50% p.a. for incremental deposit balances of S$200,000 and above on top of prevailing interest rates.

In other words, you get double the interest rate for extra cash or funds that you deposit into the eSaver account. This works best for those who intend to credit their monthly salaries or bonuses into their account. To maximise the interest earned, you have to keep adding cash into your own eSaver account until end of 2009.

Check out more details at Standard Chartered Bank (Singapore) site for the SCB eSaver savings interest rate promotion.

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The Team
Singapore Savings Account Rates.