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 /content/sc/sg/en/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 /content/sc/sg/en/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.