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

  1. With effect from 1 April 2021 (inclusive), please note that the prevailing interest rates for the following Singapore Dollar Current and Savings Accounts and USD$aver, as well as the USD$aver balance tiers for the purposes of calculating interest, will be revised as follows:

Singapore Dollar Accounts

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

EFFECTIVE 1 APRIL 2021 (INCLUSIVE)

 

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 0.03% 0.01%

USD$aver

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

BALANCE EFFECTIVE 1 APRIL 2021 (INCLUSIVE)

NEW PREVAILING INTEREST RATE (P.A.) EFFECTIVE 1 APRIL 2021 (INCLUSIVE)
USD$aver First $50,000 0.03% First $50,000 0.01%
Next $150,000 0.05% Next $150,000 0.03%
Next $300,000 0.15% Next $1,300,000 0.10%
Any balance above $500,000 0.30% Any balance above $1,500,000 0.20%

 

The above changes will be reflected in the respective Product Terms which will be available here from 1 April 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.