Revision of Wealth $aver Account and MyWay Savings Account Interest Rates effective 1 December 2025
With effect from 1 December 2025 (inclusive), please note that there will be revisions made to the interest rates for the accounts below:
- Wealth $aver
- MyWay Savings Account
The Wealth $aver and MyWay Savings Account Terms and Conditions will also be updated accordingly.
1) Updates to Wealth $aver Account
The Terms will be updated to reflect changes in the interest rates. Please refer to the table below for a summary of changes.
Assets Under Management (AUM)
Deposits + Investment + Insurance | Interest Rate (p.a.) on your Wealth $aver Account Balance
(before 1 Dec 2025)
| Interest Rate (p.a.) on your Wealth $aver Account Balance
(With effect from 1 Dec 2025)
|
|---|---|---|
| < S$200,000 | 0.05% p.a. | 0.05% p.a. |
| S$200,000 to < S$1.5 million | 0.50% p.a.* | 0.40% p.a.* |
| ≥ S$1.5 million | 1.00% p.a.* | 0.80% p.a.* |
*Account balances exceeding SGD1,500,000 shall earn prevailing interest of 0.05% p.a.
For clarity, you will only earn 0.05%p.a. on your Wealth $aver account balance if you are not a Priority Banking or Priority Private client. Note: it may take up to 7 working days to process your Priority Banking or Priority Private sign up request after fulfilling the eligibility criteria
For more details, please refer to www.sc.com/sg/wealth$aver from 1 December 2025.
2) Updates to MyWay Savings Account
| PREVAILING INTEREST RATE (P.A.)^ (before 1 Dec 2025) | PREVAILING INTEREST RATE (P.A.)# (With effect from 1 Dec 2025) | |
| First S$50,000 | 0.05% | 0.05% |
| Next S$200,000 | 0.50% | 0.30% |
| Next S$1,250,000 | 1.00% | 0.60% |
| Next S$3,500,000 | 3.00% | 2.00% |
Account balances exceeding S$5,000,000 shall earn prevailing interest of 0.05% p.a.
Important Note:
^The maximum effective interest rate (EIR) on the prevailing rate on your MyWay Savings account is 2.37% p.a. for deposit balance of S$5,000,000.
#The maximum effective interest rate (EIR) on the prevailing rate on your MyWay Savings account is 1.56% p.a. for deposit balance of S$5,000,000.
For more details, please refer to www.sc.com/sg/save/savings-accounts/myway/ from 1 December 2025.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.