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Important Information

Revision of Current and Savings Accounts Interest Rates with effect from 1 January 2021

  1. With effect from 1 January 2021 (inclusive), please note that the prevailing interest rates for the following Current and Savings Accounts will be revised.

Singapore Dollar Accounts

PRODUCT BALANCE PREVAILING INTEREST RATE (P.A.) NEW PREVAILING INTEREST RATE (P.A.)

EFFECTIVE 1 JANUARY 2021 (INCLUSIVE)

Jumpstart First $20,000 1.00% 0.40%
Any balance above $20,000 0.10% 0.10%
MyWay Savings First S$50,000 0.10% 0.05%
Next S$950,000 0.25% 0.10%
Next S$4,000,000 0.50% 0.30%
Any balance above S$5,000,000 0.10% 0.05%
 

Cheque and Save

 

Credit Manhattan

 

Dash Easy

 

Junior Savings (Higher Education Savings Plan)

 

NUS Alumni

 

OneAccount

 

Preferred Current

 

Private Bank Cash

 

Securities Settlement

 

SuperSalary

 

Savings Account (Supersave / Trust Supersave)

 

Wealth Lending Settlement

 

World Partner Chequing

 

Xtrasaver

 

All balances 0.05% 0.03%

Foreign Currency Accounts – USD

PRODUCT BALANCE PREVAILING INTEREST RATE (P.A.) NEW PREVAILING INTEREST RATE (P.A.)

EFFECTIVE 1 JANUARY 2021 (INCLUSIVE)

USD$aver First $50,000 0.05% 0.03%
Next $150,000 0.10% 0.05%
Next $300,000 0.25% 0.15%
Any balance above $500,000 0.50% 0.30%
  1. With effect from 1 January 2021 (inclusive of this date), please note that the bonus interest rate on your SuperSalary Qualifying Balances of up to S$1,000,000 daily will be revised to 0.27% p.a. for accounts opened during the following SuperSalary Bonus Interest Promotion periods:
    1. Promotion from 1 July 2019 to 31 December 2019
    2. Promotion from 1 January 2020 to 30 June 2020
    3. Promotion from 1 July 2020 to 31 December 2020

The revised bonus interest rates for (a) and (b) will apply from 1 January 2021 (inclusive of this date) to the 24th calendar month from the date of your SuperSalary Account opening (the month of account opening being the first calendar month).

The revised bonus interest rates for (c) will apply from 1 January 2021 (inclusive of this date) to the 8th calendar month from the date of your SuperSalary Account opening (the month of account opening being the first calendar month).

All balances in your SuperSalary Account shall earn the base interest of 0.03% p.a., and any amount of average daily balance exceeding S$1,000,000 shall earn the aforesaid base interest only.

For more information, including the definition(s) of the capitalised term(s) used above, please refer to the respective updated Promotion Terms and Conditions below:

The above changes will be reflected in the respective Product Terms which will be available here from 1 January 2021 (inclusive).

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.