Overview

Introducing the new BonusSaver Account from Standard Chartered - the only account that gives you the flexibility of an everyday account while rewarding you with a market-leading interest rate.

Bonus Saver offers an unprecedented 3% per annum on your account. You simply need to maintain a minimum balance and use your debit card for purchases as per the minimum spend criteria.

Offer Details
It's easy to open a Bonus Saver Account
  • Choose a Bonus Saver Account option depending on the account balance you can maintain.
  • Maintain your required minimum monthly balance.
  • Meet the minimum spend requirement for retail purchases on your Standard Chartered Debit Card.
  • Your card entitles you to take advantage of over hundreds of offers
  • Start enjoying interest of 3% p.a. on your account balance.
Eligibility

How to be eligible for the 3% p.a. interest

Segment offer Classic Executive Premium
Minimum balance for earning interest AED 20,000 AED 50,000 AED 150,000
Maximum balance for earning bonus interest* AED 50,000 AED 150,000 AED 300,000
Minimum Debit Card spend AED 4,000 AED 8,000 AED 15,000
Standard interest rate 0.2% 0.2% 0.2%
Special Debit Card spend rate 2.8% 2.8% 2.8%
Bonus interest rate 3% 3% 3%
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*Balances above the maximum balance cap will earn standard interest rate. The lowest day-end balance will be considered for interest rate calculation

Debit Card

Hundreds of offers on your Standard Chartered Debit Card.

  • Shopping: From wardrobe essentials to accessories, now pay less for more.
  • Dining: Going for a family dinner or hanging out with friends? Expect delicious dining deals whatever the occasion.
  • Entertainment: Entertain your family and loved ones with various offers at special rates.

For more information on these offers, please visit www.standardchartered.ae/privileges

For Visa offers, please visit http://www.visacemea.com/wv/platinum/main.jsp

For MasterCard offers, please visit www.pricelessarabia.com

Standard Chartered Bank's VISA & Master Debit cards provide 24/7 electronic access to your Bank account funds. You may use your debit card to withdraw cash on ATMs and to make purchases online & at merchant outlets.

Terms and Conditions
Serial No. Terms Classic Executive Premium
1 Minimum Account Balance to be maintained AED 3,000 AED 3,000 AED 3,000
2 Account Maintenance Fee AED 25 monthly AED 25 monthly AED 25 monthly
3 Minimum Monthly Interest Earning Balance AED 20,000 AED 50,000 AED 150,000
4 Standard Account Interest Rate 0.2% per annum 0.2% per annum 0.2% per annum
5 Minimum Monthly Debit Card Spends for earning Bonus Interest Rate AED 4,000 AED 8,000 AED 15,000
6 Bonus Interest Rate if Minimum Debit Card Spends & Minimum Balance criteria are met 2.8% per annum 2.8% per annum 2.8% per annum
7 Total Interest rate 3% per annum 3% per annum 3% per annum
8 Maximum Bonus Interest Balance AED 50,000 AED 150,000 AED 300,000
9 Frequency of Credit Interest Monthly Monthly Monthly

Important Information:

  • For the purposes of calculation of Bonus Interest, the Bank will only consider those transactions which appear on the Bonus Saver Savings Accounts. Hence a new debit card needs to be issued for a new Bonus Saver Savings account. Monthly Debit Card spends will be the sum of the transactions made on the relevant Debit Card, linked to the Bonus Saver Savings Account, carried out on Point of Sale outlets within and outside the UAE. ATM transactions will not be considered.
  • While standard account interest will be credited on the last day of the month, the Bonus Interest rate will be credited by the 15th day of the next month.
    • Illustration;If customer maintains minimum day-end balance of AED 20,000 (on each day of the month) and has cumulative debit card spends of AED 4,000 in a given month, the Standard account rate of 0.2% will be credited to the Bonus Saver Account on the last working day of the month while the Bonus Interest of 2.8% will be credited by the 15th day of the next month
  • For the purpose of calculation of Bonus Interest, the Bank will take into consideration the purchases available in the Bank's systems at the end of each calendar month. Any variations arising out of delay in receiving settlement details from merchants, acquirers or associations, including but not limited to, weekdays, weekends, public holidays or international transactions will be considered for next month's Bonus Interest qualification.
  • Electronic Statement registration is mandatory. Electronic Statements will be sent to the email address registered with Standard Chartered Bank. Paper statements will be issued upon request with charges as per the General Service & Price Guide.
  • Branch cash transactions pertaining to the Bonus Saver Savings Account are not allowed. You may use alternative Digital channels.
  • Frequency of interest payout will be monthly and will be calculated on the minimum daily ending account balance of any given month. In case the Minimum Monthly Interest Earning Balance is not met, neither Standard Account Interest nor Bonus Interest will be credited for that month.
  • This product can be discontinued or renewed by the Bank at its own discretion. In case of discontinuation or amendment of product features, an electronic communication will be sent to the registered email address and relevant notifications will be available.

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Disclaimer

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