StanChart e$aver Interest Rate Drops Again !

[conjurer]

With effect from 4th August, StanChart's E-Saver savings account interest has dropped to a meagre 0.5% PA for deposits below $50,000 !!

Click here for their announcement

Not sure whether other banks will follow through. I am going to withdraw my savings there and deposit elsewhere.

Anyone has better options ? Which bank will follow next ?

 

[xtrocious]

With effect from 4th August, StanChart's E-Saver savings account interest has dropped to a meagre 0.5% PA for deposits below $50,000 !!

Click here for their announcement

Not sure whether other banks will follow through. I am going to withdraw my savings there and deposit elsewhere.

Anyone has better options ? Which bank will follow next ?

WTF!

Aren't they suppose to give us better rates from their "savings" from being a pure e-bank?

I will also be moving my deposits out

 

[i_am_belle]

standchart rates have been dropping all the time ...

 

[Lexus118]

Fd are for Old Uncles and Aunties.....

 

[zhihau]

With effect from 4th August, StanChart's E-Saver savings account interest has dropped to a meagre 0.5% PA for deposits below $50,000 !!

Click here for their announcement

Not sure whether other banks will follow through. I am going to withdraw my savings there and deposit elsewhere.

Anyone has better options ? Which bank will follow next ?

wait till you hear about their credit card promotions...
for their Platinum Access Product Features (with effect from 2nd September 2008), any transactions above S$500.00 would be automatically converted into a 24 monthly installments at an interest rate of 5%p.a and a 6% administration fee chargable.

Huat ah!

 

[Conan the Barbarian]

Check out the POSB my savings account or something like that, about 1.6% interest.

 

[pia]

With savings rates far below inflation rate, it's really bad to put your money in this one basket alone. How are you guys managing your money? Any good ideas? I can think of shares (while they're going down down now), precious metals, wines, watches... any more?

 

[Erudio]

Temasek own 19% Standard Charter ... all dat Ho Jinx touch turn to dust ...

 

[hughgrant]

i rem it was 2.5% or somethign lidat in the past. so low now, i going to withdraw my $