e$aver Bonus Interest (April to June 2012) Promotion Terms and Conditions |
| Eligibility |
| 1. |
This e$aver Bonus Interest Promotion ("Promotion") is available from 1 April to 30 June 2012 (both dates inclusive) ("Promotion Period") and is open to new and existing e$aver, e$averKids! and World Partner Savings accounts (collectively, "Qualifying Accounts") with Standard Chartered Bank in Singapore.
|
| 2. |
Qualifying Accounts held by our employees (including joint accounts held by our employees and non employees) are not eligible for this Promotion.
|
| Prevailing and Bonus Interest Rates |
| 3. |
For the purposes of this Promotion, the prevailing interest rate and the bonus interest rate (as of 1 April 2012) are tiered based on deposit balances ("Deposit Balance Tiers"), and are set out as follows (the "Prevailing Interest Rate" and "Bonus Interest Rate" respectively):
|
| 4. |
In addition to the prevailing interest earned on deposits at the above Prevailing Interest Rates ("Prevailing Interest"), you may earn bonus interest at the above Bonus Interest Rates ("Bonus Interest") subject to these terms.
|
| 5. |
The average daily balance ("ADB") in the Qualifying Account is used to determine the Deposit Balance Tiers and to calculate the Prevailing Interest and the Bonus Interest earned. ADB is computed by dividing the sum of the end-of-day balances in a Qualifying Account for each day in that month by the number of days in that month.
|
| For Existing Qualifying Accounts |
| 6. |
To be eligible to earn the Bonus Interest, you must top up your existing Qualifying Account ("Top Up Amount") during the Promotion Period. The Top Up Amount is subject to a cap of S$3,000,000 per Qualifying Account for the duration of the Promotional Period.
|
| 7. |
For any calendar month in the Promotion Period: |
(a)
(b)
|
if the ADB in the Qualifying Account for that month is higher than the ADB in the Qualifying Account for the calendar month of March 2012 ("Comparison Month"), you will earn Bonus Interest on the difference between the ADBs for those 2 months ("Incremental Balance"). In addition to the Bonus Interest earned, you will also earn the Prevailing Interest on the deposit in the Qualifying Account; and
if the ADB in the Qualifying Account for that month is either equal to or lower than the ADB in the Qualifying Account for the Comparison Month, you will not earn Bonus Interest but you will still earn the Prevailing Interest for such month. |
 |
 |
| 8. |
Illustration – Existing Qualifying Account with Incremental Balance (top up made on 1 April 2012, and cap is reached).
|
| 9. |
The Top Up Amount must be made by way of fresh funds (i.e. funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within the Promotion Period).
|
| For Newly Opened Qualifying Accounts |
| 10. |
If you open a new Qualifying Account during the Promotion Period, you will earn the Prevailing Interest and the Bonus Interest on the deposit in the Qualifying Account.
|
| 11. |
Your deposit to the newly opened Qualifying Account must be made by way of fresh funds (i.e. funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within the Promotion Period).
|
| 12. |
The deposit is subject to a cap of S$3,000,000 per newly opened Qualifying Account for the duration of the Promotion Period.
|
| 13. |
Illustration - Newly opened Qualifying Account (opened on 1 April 2012, and cap is reached).
.
|
| General |
| 14. |
The Bonus Interest will be calculated at the end of the calendar month and credited on the second working day of the next calendar month.
|
| 15. |
We reserve the right to revise these terms and all applicable interest rates and to extend, shorten or withdraw this Promotion at any time without prior notice to you.
|
| 16. |
Our Customer Terms, Current/ Cheque/ Savings Account and Time Deposit Terms, and the e$aver Account Product Terms (collectively, "Other Terms") apply. If there is any inconsistency between the Other Terms and these terms, these terms will prevail over such inconsistency.
|
| 17. |
The e$aver Bonus Interest (April to June 2012) Promotion Terms and Conditions are to be read in conjunction with our Customer Terms, Current/ Cheque/ Savings Account and Time Deposit Terms, and the e$aver Account Product Terms (collectively "Other Terms"). If there is any inconsistency between these terms and the Other Terms, these terms will prevail only to the extent of such inconsistency. |
| |
| Note: Singapore dollar deposits held by non-bank depositors in eligible savings, fixed deposit and current accounts will be insured up to S$50,000 per depositor in accordance with the Deposit Insurance And Policy Owners' Protection Schemes Act. A full list of eligible accounts can be found on our Insured Deposits Register available on our website. |
| |
