Wealth $aver Account

If you are a Priority Banking or Priority Private client at the point of interest computation, we will be taking the average Assets Under Management (AUM) for the month to determine the interest rate assigned to your account each month.

AUM is defined as the sum of your:

1. Total Deposits placed with the bank, including Time Deposits,
2. Total value of eligible investment products with the bank, and
3. Total premiums paid to date on eligible in-force insurance products purchased through the bank.

You will earn interest on the average daily balance for only your Singapore Dollar denominated balances. All deposit balances above S$500K will earn 0.05% p.a. For clarity, you will not earn interest your foreign currency denominated balances.

The average daily balance (ADB) eligible for the higher interest rate of up to 3.50% p.a. is subject to a cap of S$500,000. Any ADB amount in excess of the cap will be accorded with 0.05% p.a.

The following are considered as Eligible Investments Products:

1. Eligible Unit Trust – a unit trust distributed by us but does not include (a) exchange traded funds; and (b) switching transactions.
2. Eligible Bonds – successful subscription of bonds issued and/or distributed by the Bank.
3. Eligible Structured Notes – successful subscription of structured notes issued and/or distributed by the Bank, excluding Premium Currency Investments and Commodity Linked Structured Investment.

The aggregate subscription for all Eligible Investment Products purchased through us within a calendar month during the Promotion Period must be at least S$120,000^* (or its equivalent in another currency).

^*Note: For Non-Accredited Investors (AI), eligible Bonds/Structured Notes will be subjected to minimum investment amount.

Regular or single premium life insurance policy(ies) underwritten by Prudential Assurance Company Singapore (Pte) Limited (with the exception of PRUShield and single premium life insurance policy purchased using SRS funds) which names the Wealth $aver accountholder as the policy holder and where the aggregated annualized premium(s) payable for all Eligible Insurance Policy(ies) purchased through us within a calendar month during the Promotion Period must be at least S$20,000 (or its equivalent in another currency).

Yes. The average daily balance (ADB) eligible for the Promotional Bonus Interest is subject to a cap of S$500,000.

Unfortunately, you will need to have a Wealth $aver account opened before the subscription of Eligible Investment Products or purchase of Eligible Insurance Policy(ies) to qualify for the Promotional Bonus Interest.

To enjoy the Golf privileges and promotion, Wealth $aver Cardholders must:

1. sign up for an account with Vidsur Golf via https://scbwealthsaver.vidsur.com/ (the “Booking Website“) and consent to the Terms & Conditions of use, Disclaimer, Privacy Policy and agree to voluntarily provide personal information and relevant data to Vidsur Golf for the purpose of service fulfilment;
2. make bookings for Complimentary / Discounted Games directly via the Booking Website at least 5 working days for weekday bookings or 8 working days for weekend bookings before the date of usage and is subject to availability.

The Golf Privileges are provided by third party merchant and the Bank is not an agent of such merchant. As such, we will require all cardholders to register with the Golf provider directly to gain access to the promotion and the facilities.

You may reach out to scb.wealthsaver@vidsur.com should you encounter any issues or require any further assistance on your booking request.

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