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Important Information

Revision of Bonus$aver Account, MyWay Savings Account and JumpStart Account’s Interest Rates effective 1 May 2026

With effect from 1 May 2026 (inclusive), please note that there will be revisions made to the interest rates for the accounts below to align with longer-term market expectations:

  • Bonus$aver
  • MyWay Savings
  • JumpStart

1) Updates to Bonus$aver Account

The Bonus$aver webpage will be updated to reflect changes in the interest rates. Please refer to the table below for a summary of changes.

  Current (Before 1 May 2026)

 

Bonus Interest Rate on your first S$100,000 eligible deposit balance

 From 1 May 2026 onwards

 

Bonus Interest Rate on your first S$100,000 eligible deposit balance

 
Card Spend

 

(minimum eligible spend of S$1,000 monthly)

 

 1.00% p.a.

 

 0.9% p.a.

 
Salary Credit

 

(Regular inward credit through GIRO, PayNow or FAST)

 

 1.00% p.a.

 

 

 0.9% p.a.

 

 
Invest

 

Invest in eligible Unit Trust or Online Equities of at least S$30,000

 

(Bonus Interest paid for a consecutive period of 6 months)

  

2.50% p,a.

 

 

 

  

1.50% p,a.

 

 
Insure

 

(Bonus Interest paid for a consecutive period of 6 months)

  

2.50% p,a.

 

 

  

2.50% p,a.

 

 
Prevailing Interest Rate       0.05% p.a. 0.05% p.a.
Total Bonus Interest paid on your eligible deposit balance

(Inclusive of Prevailing Interest Rate)

 7.05% p.a. 5.85% p.a.

 

For more details, please refer to https://www.sc.com/sg/save/current-accounts/bonussaver/ from 1 May 2026.  

 

2) Updates to MyWay Savings Account

The MyWay Savings Account webpage will be updated to reflect changes in the interest rates. Please refer to the table below for a summary of changes.

  Current (Before 1 May 2026)

Prevailing Interest Rate (p.a.)^

 From 1 May 2026 onwards

Prevailing Interest Rate (p.a.)#

First S$50,000 0.05% 0.05%
Next S$200,000 0.30% 0.30%
Next S$1,250,000 0.60% 0.50%
Next S$3,500,000 2.00% 1.50%

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 1.56% 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 1.19% 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 May 2026.

 

3. Updates to JumpStart Account

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

  Current (Before 1 May 2026)

Prevailing Interest Rate (p.a.)^

 From 1 May 2026 onwards

Prevailing Interest Rate (p.a.)#

For the first S$50,000 1.00% p.a. 0.5% p.a.
Step-up Interest when you invest with us 1.00% p.a. 1.00% p.a.
Prevailing interest rate for incremental balances above S$50,000 0.10% p.a. 0.10% p.a.

Important Note:

Account balances exceeding SGD $50,000 shall earn prevailing interest of 0.10% p.a.

For more details, please refer to https://www.sc.com/sg/save/savings-accounts/jumpstart from 1 May 2026.

 

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.