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Bonus Saver
Bonus Saver
  1. Accounts & Deposits
  2. Current Accounts
  3. Bonus$aver

Bonus$aver Account

Earn our highest interest rate of up to 3.88% p.a.

Bonus$aver Account Benefits1

  • bonus interest p.a

  • eligible deposit balance

  • bonus interest p.a.

1 Bonus$aver Product Terms apply.

Bonus$aver Calculator2

Increase your returns by earning higher interest from your deposits.

S$
Your estimated annual interest2
Please enter a minimum amount of S$2,000

S$3,880 @ 3.88% p.a.

APPLY NOW
Your estimated annual interest2

S$3,880 @ 3.88% p.a.

APPLY NOW
More information
  • Spend

Select your estimated monthly card spending

Interest (p.a) earned

1.88%

(Inclusive of prevailing interest rate)
More information
  • Salary Credit

No Yes
Interest (p.a) earned

1.00%

More information
  • Invest or Insure

No Yes
Interest (p.a) earned

0.75%

More information
  • Bill Payment

No Yes
Interest (p.a) earned

0.25%

For a limited time only, get additional bonus interest with Health Rewards³ Learn More

  • Earn Additional Bonus Interest of up to (p.a.) 0.75%
More information

Additional benefits on your Bonus$aver account

Apply now and get an attractive sign-up gift worth up to S$590⁴

  • Learn more

    Sign-up Gift Promotion

    From 1 November 2019 till 29 February 2020, get rewarded when you apply for a Bonus$aver account and Bonus$aver credit card. Bonus$aver Sign-up Gift Promotion Terms and Conditions apply.

    Sign-up Gift Promotion

    Samsonite EVOA 55/20 Spinner worth $590 + S$20 Cashback

    Online Exclusive

    • Open an account in less than 10 mins via MyInfo
    • Minimum fresh funds S$50,000
    Sign-up Gift Promotion

    American Tourister Aero Racer 55cm Spinner TSA worth S$160

    Branch Exclusive

    • Visit any of our branches to open an account
    • Minimum fresh funds S$10,000
    Sign-up Gift Promotion

    Samsonite EVOA 55/20 Spinner worth $590

    Branch Exclusive

    • Visit any of our branches to open an account
    • Minimum fresh funds S$50,000

Application Eligibility

Age requirement:
  • For clients applying for Bonus$aver account and Bonus$aver Debit Card: Minimum 18 years old
  • For clients applying for Bonus$aver account and Bonus$aver Credit Card: 21 to 65 years old

For Existing Standard Chartered Credit Cardholders

No documents are required.

However, if there has been a recent change to your income, please submit your updated documents for review during the application process.

For New Customers or Existing Customers with Change(s) in Income/Employment

For SingPass holders applying with MyInfo

myinfo-logo
No documents are required

For Salaried Employees/Partial Commission-based Earners
  • Copy of NRIC (front and back)
  • (i) Latest computerised payslip OR
    (ii) Latest 6 months’ CPF Contribution History Statement

    To be considered for a higher loan amount, please submit your latest Income Tax Notice of Assessment (NOA) in addition to the above.

For 100% Commission-based Earners
  • Copy of NRIC (front and back)
  • (i) Latest Income Tax Notice of Assessment (NOA) OR
    (ii) Latest 3 months of Commission Statement from same employer
For Self-employed
  • Copy of NRIC (front and back)
  • Latest Income Tax Notice of Assessment (NOA)

Application Eligibility

Age requirement:
  • For clients applying for Bonus$aver account and Bonus$aver Debit Card: Minimum 18 years old
  • For clients applying for Bonus$aver account and Bonus$aver Credit Card: 21 to 65 years old

For Existing Standard Chartered Credit Cardholders

No documents are required.

However, if there has been a recent change to your income, please submit your updated documents for review during the application process.

For New Customers or Existing Customers with Change(s) in Income/Employment

For SingPass holders applying with MyInfo

myinfo-logo
No documents are required

Please prepare the following:
  • Copy of Passport (with at least 6 months’ validity)
  • Copy of your Employment Pass
  • Any ONE of the following documents:
    (i) Latest utility bill, rates or tax bill
    (ii) Latest bank / credit card statement (e-Statements are accepted)
    (iii) Rental agreement showing your address
    (iv) Latest mobile phone statement or pay-TV statement
    (v) Letter from employer stating current address
    (vi) Government-issued document stating current address (e.g. IRAS, CPF, ICA)
Additional Documents:
For Salaried Employees/Partial Commission-based Earners
  • Latest computerised payslip

    To be considered for a higher loan amount, please submit your latest Income Tax Notice of Assessment (NOA) in addition to the above.

For 100% Commission-based Earners
  • Copy of NRIC (front and back)
  • (i) Latest Income Tax Notice of Assessment (NOA) OR
    (ii) Latest 3 months of Commission Statement from same employer
For Self-employed
  • Latest Income Tax Notice of Assessment (NOA)
Services & Charges
Fall-below fee (per month)
S$5

Note: Chargeable if the minimum average daily balance falls below S$3,000 in any particular month.

Monthly service charge
Nil
Credit card annual fee (Including GST)
$214 (Free for first 2 years)
Debit card annual fee (Including GST)
S$20
Cheque book charges
1st cheque book: Free. Subsequent cheque book(s): $15 each
Early Account Closure (within 6 months)
S$30
Refer here for all the relevant fees and charges

Bonus$aver comprises of a Bonus$aver account (which is an innovative Current Account that gives you one of the highest interest rate in town), and Bonus$aver World MasterCard credit and/or debit card(s) which may be linked to the Bonus$aver account.

Earn up to 3.88% p.a. interest on your savings for the first S$100,000 in your Bonus$aver account when you do any of the following:

  • Credit your salary through GIRO
  • Pay bills online/through GIRO
  • Spend on your Bonus$aver Credit or Debit Card
  • Invest with a Unit Trust or insure with a regular premium insurance policy

The account comes with eStatements and you can choose to have a chequebook (chequebook facility is not available for Bonus$aver accounts opened through an online application).

Unlike other current and savings accounts, Bonus$aver is a unique account offering interest rates that are higher than any time deposit. You can earn up to 3.88% p.a. interest for up to S$100,000 deposit as you consolidate your spends, salary credit, bill payments and wealth needs with just a single account.

You can earn up to 3.88% p.a. interest on the first $100,000 Average Daily Balance in your Bonus$aver account.

Your will receive 2 types of interest on your account balance every month.

Prevailing interest: 0.1% p.a.

You earn bonus interest on the first S$100,000 of your account average daily balance when you do any or all of these:Bonus interest:This interest is accrued daily. You will receive this interest at the end of every month.

Earn 1.78% p.a. for spending at least S$2,000 in eligible transactions on your Bonus$aver Credit or Debit Card, or earn 0.78% p.a. for spending at least S$500 in eligible transactions on your Bonus$aver Credit or Debit Card and/or

Earn 1% p.a. for crediting your salary of at least S$3,000 through your employer via giro and/or

Earn 0.75% p.a. for 12 months when you purchase a new eligible unit trust investment or regular premium insurance product from SCB and/or

Earn 0.25% p.a. for paying any 3 unique bills online or through GIRO

On the months you do less of the above transactions, you will earn the relevant lesser bonus interest. You will receive this interest by the end of the following month.

You must be 21 years old and above to be eligible. For joint account applicants, both parties must be 21 years old and above.

Yes. The average daily balance eligible for bonus interest is subject to a cap of S$100,000 per Bonus$aver account. Any average daily balance amount in excess of the cap is not eligible for bonus interest (but the prevailing interest rates will apply).

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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