Revision of USD$aver Interest Rates effective 1 September 2024
With effect from 1 September 2024 (inclusive), please note that there will be revisions made to the interest rates for USD$aver.
Refer to the table below for a summary of changes.
| BALANCE IN YOUR USD$AVER ACCOUNT | PREVAILING INTEREST RATE (BEFORE 1 Sep 2024) | PREVAILING INTEREST RATE^ (AFTER 1 SEP 2024) |
|---|---|---|
| FIRST USD50,000 | 0.05% p.a. | 0.05% p.a. |
| Next USD150,000 | 1.50% p.a. | 1.00% p.a. |
| Next USD1,300,000 | 2.50% p.a. | 2.00% p.a. |
| Next USD1,500,000 | 4.00% p.a. | 3.50% p.a. |
^ Important Note:
- Account balances exceeding USD3,000,000 shall earn prevailing interest of 0.05% p.a.
- The maximum effective interest rate (EIR) on the prevailing rate on your USD$aver account is 2.84% p.a. for deposit balance of USD3,000,000.
For more details, please refer to www.sc.com/sg/save/savings-accounts/usdsaver/ from 1st September 2024.