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Revision of Bonus$aver Account Interest Rates and e$aver Account Prevailing Interest Rate effective 1 December 2020

With effect from 1 December 2020 (inclusive), please note that there will be an update to the Bonus$aver Product Terms (“Terms”) and a revision in the prevailing interest rates for e$aver Account.

Updates to Bonus$aver Account

The Terms  will be updated to reflect changes in the bonus interest rates. Please refer to the table below for a summary of changes.

PREVAILING

BONUS INTEREST RATE ON YOUR FIRST S$80,000 ELIGIBLE DEPOSIT BALANCE

NEW (WITH EFFECT FROM 1 December 2020)

BONUS INTEREST RATE ON YOUR
FIRST S$80,000 ELIGIBLE DEPOSIT BALANCE

Invest 0.90% p.a. 0.90% p.a.
Insure 0.90% p.a. 0.90% p.a.
Salary Credit 0.20% p.a. 0.10% p.a.
Bill Payment 0.10% p.a. 0.07% p.a.
Card Spend Up to 0.75% p.a.
(minimum eligible spend of S$2,000 monthly)

Up to 0.25% p.a.
(minimum eligible spend of S$500 monthly)

Up to 0.60% p.a.
(minimum eligible spend of S$2,000 monthly)

Up to 0.25% p.a.
(minimum eligible spend of S$500 monthly)

Prevailing Interest Rate 0.03% p.a. 0.03% p.a.
TOTAL BONUS INTEREST PAID ON YOUR ELIGIBLE DEPOSIT BALANCE 2.88 % p.a. 2.60 % p.a.

Please refer to Clause 4.2 and Clause 4.4 in the updated Terms for the relevant changes. If you wish to obtain a copy of the new Terms, go to www.sc.com/sg/bonussaver-tnc  from 1 December 2020.  

Updates to e$aver Account

With effect from 1 December 2020 (inclusive), the prevailing interest rates for e$aver Account will be revised as follows: 

Deposit Balance Tier Current Prevailing Interest Rates New Prevailing Interest Rates (Effective 1 December 2020)
< S$50,000 0.05% p.a. 0.05% p.a.
S$50,000 to < S$200,000 0.10% p.a.
≥ S$200,000 0.15% p.a.

 

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.