Revision of USD$aver Account Interest Rates
Please be informed that with effect from 2 March 2020 ("Effective Date"), the prevailing interest rates for the USD$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 | 2.00% |
| Any incremental balance above US$500,000 | 2.50% |
The revised interest rates with effect from the Effective Date (inclusive) are as follows:
| NEW INTEREST RATE (P.A.) EFFECTIVE 2 March 2020 (INCLUSIVE)
|
|---|
| First US$50,000 | 0.05% |
| Next US$150,000 | 1.00% |
| Next US$300,000 | 1.50% |
| Any incremental balance above US$500,000 | 2.25% |
We will also be amending Clause 42.1 of our USD$aver Account Product Terms ("Terms") to reflect the above changes. The changes to the Terms will take effect from the Effective Date (inclusive).
For more information, please contact your Relationship Manager or call +65 6747 7000.
