1. Campaign period is valid from 1 July 2024 to 30 September 2024.
2. Wealth $aver Campaign is open to New-to-Priority clients and Selected Existing clients (Eligible Clients). Eligible clients must meet the following conditions to participate:
- Joins and maintain Priority Banking relationship with the Bank
- Maintain a minimum Asset Under Management (AUM) of RM350,000. AUM is defined as total market value of all the client’s financial assets including deposits and/or investments/wealth assets including Bancassurance/ Bancatakaful annual premium/contribution equivalent as primary account holder.
- Deposit and maintain a minimum of RM100,000 Eligible Incremental Average Balance (Eligible IAB) on Client-Level Deposit Balance and Eligible CASA Account.
3. Existing clients are required to perform one time registration via SMS by typing “SA” to 66399 to participate this Campaign.
4. Wealth $aver Special Rate is determined based on the AUM for each month.
- Priority Banking clients with RM1,500,000 AUM can enjoy Special Rate at 5.00% p.a. on Fresh Funds with Wealth Purchase or 4.28% p.a. for Fresh Funds only.
- Priority Banking clients with RM350,000 AUM can enjoy Special Rate at 4.80% p.a. on Fresh Funds with Wealth Purchase or 4.08% p.a. for Fresh Funds only.
5. Eligible Savings Account refers to JumpStart Savings Account-i and JustOne Priority Plus Savings Account-i.
6. The pay-out for Wealth Saver Special Rate are rewarded based on Eligible IAB. The Eligible IAB tracked will be from either Client-Level Deposits IAB or Account IAB (MYR only), whichever is lower during the Campaign Period.
7. The minimum Eligible IAB for Wealth $aver Special Rate is RM100,000 and the maximum is capped at RM1,000,000 per Eligible Client.
8. With Wealth Purchase is defined as Eligible Client who purchase a minimum RM200,000 of:
- Unit Trust/Islamic Unit Trust with a minimum sales charge of 2%; or
- Retail Bond/Sukuk with a minimum sales charge of 2%; or
- Structured Investment is only offered by Standard Chartered Bank Malaysia Berhad and with a minimum sales charge of 1.5%
9. For full terms and conditions, click here
*Only deposits are protected by PIDM up to RM250,000 for each depositor.
*Click here for PIDM’s DIS Brochure.