Revision of USD$aver Account Interest Rates
Please be informed that with effect from 1 May 2020 (“Effective Date”), the prevailing interest rates for the USD$aver account will be revised.
For your ease of reference, the current prevailing interest rates are as follows:
| PREVAILING INTEREST RATE (P.A.) | |
|---|---|
| First US$50,000 | 0.05% |
| Next US$150,000 | 1.00% |
| Next US$300,000 | 1.50% |
| Any incremental balance above US$500,000 | 2.25% |
The revised interest rates with effect from the Effective Date (inclusive) are as follows:
| NEW INTEREST RATE (P.A.)
EFFECTIVE 1 May 2020 (INCLUSIVE) | |
|---|---|
| First US$50,000 | 0.05% |
| Next US$150,000 | 0.75% |
| Next US$300,000 | 1.00% |
| Any incremental balance above US$500,000 | 1.50% |
We will also be amending Clause 42.1 of our USD$aver Account Product Terms (“Terms”) to reflect the above changes.
The changes to the Terms will take effect from the Effective Date (inclusive). The Terms may be found here.