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Growing your savings, rain or shine with Privilege$aver
  1. Deposits
  2. Privilege$aver

Growing your savings, rain or shine with Privilege$aver

Better returns with Privilege$aver1

  • Secure higher earnings of up to
    4.15% p.a.

    when you save, spend, and invest/insure during the month, from now till 31 January 2023.

  • Unlimited
    fee waiver

    at all MEPS ATMs nationwide. Subject to minimum deposit of RM1,500 fresh funds during the month.

  • Enjoy banking convenience with
    unlimited Free

    instant interbank fund transfers.

New1 deposit clients: Get extra 0.70% p.a. bonus interest/hibah to enjoy up to 4.85% p.a. returns.
1Privilege$aver Terms and Conditions apply

Privilege$aver Calculator

Increase your returns by earning higher interest/return from your deposits.

RM
Your estimated annual interest / return1
Please enter a minimum amount of RM2,000

RM @ % p.a.

Your estimated annual interest / return1

RM @ % p.a.

More information
  • Bonus Deposit

Would you deposit RM3,000 or more in eligible accounts?

No Yes
Bonus Interest/Hibah (p.a.)

0.70%

Deposit

Deposit RM3,000 in fresh funds into your Privilege Savings Account or Super Salary-i and earn 0.70% p.a. bonus interest/hibah.

How to automate your savings?
Open a Privilege Savings Account or Super Salary-i as your salary account or set up Standing Instructions (SI) for monthly deposit.

*Privilege Savings Account and Super Salary-i are protected by PIDM up to RM250,000 for each depositor.

Note: The eligible bonus interest/hibah of 0.70% p.a. for Deposit category is for maximum Monthly Average Balance (MAB) of RM100,000 only.

More information
  • Bonus Credit Card

Is your monthly spend RM1,000 or more?

No Yes
Bonus Interest (p.a.)

0.70%

Credit Card

Credit Card*
Spend RM1,000 on your credit card to earn 0.70% p.a. bonus interest.
How to automate your savings?
Set up standing Instructions for bill payments, automate transfers for e-wallet top-up.

*Credit Card is only applicable for Standard Chartered Bank Malaysia Berhad.

Note: The maximum Monthly Average Balance (MAB) that is eligible for bonus interest/hibah is RM100,000.
Eligible customer must be Standard Chartered Bank Malaysia Berhad credit and Standard Chartered Bank Malaysia Berhad/Standard Chartered Saadiq Berhad debit cardholders.

More information
  • Bonus Debit Card

Will you perform minimum 5 retail transactions?

No Yes
Bonus Interest/Hibah (p.a.)

0.70%

Debit Card

Debit Card
Perform minimum 5 retail transactions on your debit card to earn 0.70% p.a. bonus interest/hibah.
How to automate your savings?
Set up standing Instructions for bill payments, automate transfers for e-wallet top-up.

Note: The maximum Monthly Average Balance (MAB) that is eligible for bonus interest/hibah is RM100,000.
Eligible customer must be Standard Chartered Bank Malaysia Berhad credit and Standard Chartered Bank Malaysia Berhad/Standard Chartered Saadiq Berhad debit cardholders.

More information
  • Bonus Invest + Insure/Takaful

insure or invest minimum of RM40,000 in eligible products?

No Yes
Bonus Interest/Hibah (p.a.)

2.00%

For 3 Months

Invest or Insure

Invest a minimum of RM40,000 Unit Trust or insure/cover with a minimum of RM40,000 annual premium/contribution value during the month to earn additional 2.00% p.a. bonus interest/hibah for up to 3 months.

How to automate your savings?
Invest with SmartGoals or SmartDirect through SC Mobile Banking App.

Note: For Takaful, ‘insure’ is read as ‘cover’

Note: The eligible bonus interest/hibah of 2.00% p.a. for the Invest or Insure/Cover category is with a for maximum Monthly Average Balance (MAB) of RM100,000 only.

Disclaimer

The maximum Monthly Average Balance (MAB) that is eligible for bonus interest/hibah is RM100,000.
Prevailing interest/profit rate of 0.05% p.a.. has been included in the calculation.

Malaysian/Permanent Resident

1. Identification Document
NRIC

2. Age Requirement
For clients applying for Privilege Savings Account/ Super Salary-i(Payroll) and Debit Card: Minimum 18 years old

Foreigners

Please prepare the following:

1. Identification Document
Valid Passport (with at least 6 months’ validity)

2. Proof of Employment/Study (Any ONE of the following documents)
Employment Pass/Work permit
Student Pass

3. Proof of residential address (Any ONE of the following documents)
i. Latest utility /mobile/ internet subscription bill
ii. Driving License
iii. Latest bank/credit card statement
iv. Rental agreement showing your address
v. Letter from employer stating current address
vi. Government-issued document stating current address

Services and Charges
  1. Minimum deposit to open account: Nil
  2. Early Account Closure (within 3 months) : RM 20
  3. Paper statement fee: RM 5

Refer here for all relevant fees and charges

Privilege$aver Campaign is open to existing and new clients with Privilege Savings Account or Super Salary-i (Payroll). Earn up to 4.15% p.a. returns on your savings for the first RM 100,000 in your Privilege Savings Account or Super Salary-i (Payroll) when you meet all requirements below:

  • Deposit a minimum of RM 3,000 fresh funds during the month
  • Perform a minimum of 5 retail transactions on debit card
  • Perform credit card spend of minimum of RM 1,000

Subscribe a minimum of RM 40,000 of Unit Trust / Purchase eligible Insurance/Takaful policy with a minimum annual premium/contribution value of RM 40,000

Unlike other current and savings account, Privilege Savings Account and Super Salary-i (Payroll) are unique accounts offering returns that are higher than any fixed deposit. You can earn up to 4.15% p.a. returns for up to RM 100,000 deposit as you consolidate your salary credit, spends, and wealth needs with just a single account.

You can earn up to 4.15% p.a. returns on the first RM 100,000 Monthly Average Balance in your Privilege Savings Account or Super Salary-i (Payroll)

You will receive 2 types of returns on your account balance every month:

Base interest/profit: 0.05% p.a.

Bonus interest/hibah :

 

You earn bonus interest/Hibah on the first RM 100,000 of your account monthly average balance when you do any or all of these during the month:

Earn 0.70% p.a. for depositing at least RM 3,000 to Privilege Savings Account or Super Salary-i(Payroll)

Earn 0.70% p.a. for performing at least 5 times in eligible retail transactions on your Debit Card

Earn 0.70% p.a. for spending at least RM 1,000 in eligible transactions on your Credit Card

Earn 2.00% p.a. for 3 months when you subscribe a minimum of RM 40,000 of Unit Trust and/or purchase eligible Insurance/Takaful policy with a minimum annual premium/contribution value of RM 40,000

You must be a new deposit client which does not hold any Current Account and/or Saving Account with us and maintain minimum RM10,000 Monthly Average Balance in your newly created account.

You must be 18 years old and above to be eligible.

Yes. The maximum Monthly Average Balance of bonus interest/hibah is subject to a cap of RM 100,000 per account. Any balance in excess of the cap is not eligible for bonus interest/hibah (but the base interest/profit will apply).

You may have multiple Privilege Savings Account and Super Salary-i (Payroll), but only one account is eligible for the bonus interest/hibah.

No. There is no minimum amount required, as long as you perform minimum 5 retail transactions on debit card.

Yes. The spend from supplementary cardholder will be consolidated; and the total spend amount will be used to track the eligibility of bonus interest.

No. You must be the primary credit cardholder for the spend to be eligible. However, any spending by supplementary cardholders will be eligible for the primary credit card holders spend bonus interest eligibility.

No. Credit card is only applicable for Standard Chartered Bank Malaysia Berhad (SCBMB).

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PIDM  Perbankan Islam

* Only deposits are protected by PIDM up to RM250,000 for each depositor.

* Click here for PIDM’s DIS Brochure