Revision of Wealth $aver Account Interest Rates effective 1 August 2023
We will be revising your Wealth $aver Account interest rates from 1 August 2023. The Wealth $aver Product Terms and Conditions will also be updated accordingly.
Please refer to the table below for a summary of changes.
ASSETS UNDER MANAGEMENT “AUM” (SGD)
WEALTH $AVER ACCOUNT BALANCE IN SGD
INTEREST RATE (P.A.)
(BEFORE 1 August 2023)
INTEREST RATE (P.A.)
(EFFECTIVE 1 August 2023)
< S$200,000
> S$0
0.05%
0.05%
S$200,000 to <S$1,500,000
First $500,000
Balances above S$500,000
2.00%
0.05%
1.50%
0.05%
≥S$1,500,000
First $500,000
Balances above S$500,000
3.50%
0.05%
3.00%
0.05%
For clarity, you will only earn 0.05% p.a. on your Wealth $aver account balance if you are not a Priority Banking or Priority Private client. Note: it may take up to 7 working days to process your Priority Banking or Priority Private sign-up request after fulfilling the eligibility criteria.
Please refer to Clause 3.3 in the updated Terms for the relevant changes. If you wish to obtain a copy of the new Terms, go towww.sc.com/sg/wealth$aver from 1 August 2023.
