From now until 30th September 2024, e$aver accountholders can earn 3.30% p.a. bonus interest on incremental fresh funds. The funds are compared to July 2024’s average daily balance. Together with the base interest rate of 0.05% p.a, one can expect 3.35% p.a. for fresh funds deposited in the months of August and September 2024.
Relatively fuss-free interest for fresh funds
e$aver is a bank account from Standard Chartered that gives a base interest rate for 0.05%. For the longest time, the bank has been announcing bonus interest every 2 months. Typically, the promotional rates apply to fresh funds compared to the month before.
This time, the reference month is July 2024, and the bonus interest applies for August 2024 and September 2024. So if your July balance is S$0, just deposit any amount up to S$2 million and you will get 3.35% p.a. on the entire amount for the months of August and September.
If a person had S$0 in their account in July 2024, and placed S$130,000 in August 2024,...