Standard Chartered reduced eSaver Savings Account interest rate yet again!
Effective 1 Jan 2011, the interest rate for eSaver Account is 0.15% p.a. That is 0.05% difference from the previous 0.2% p.a. interest.
Throughout the years, eSaver have went through a few rounds of interest rate deduction and this is the new low.
To me, it it no longer attractive to deposit money into this account anymore. I guess it is no longer possible to see 2% p.a. interest for savings account anymore. :(
CIMB Starsaver still offers the better interest of 0.8 p.a.!