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  1. Compare and Open a Bank Account Online
  2. Current Accounts
  3. Wealth $aver Account

Wealth $aver Account

Exclusively for Priority Banking clients only.

Get up to

4.50% p.a.

on your first S$1mil deposit balance

Plus

1% Cashback

on your Debit Card spend

Receive up to

$19,000

welcome gifts when you join Priority Banking+

Note: We will be revising the interest rates from 1 May 2025. Refer here for full details.

Get your savings up to speed with a Wealth $aver deposit account

  • Up to
    2.25% p.a. Based on your Asset under Management (AUM) which includes total deposit balance, investment and insurance with the bank.

    Priority Banking Relationship-based interest rate

  • Up to
    2.25% p.a. The Wealth Booster promotion can earn you a bonus interest of up to 2.50% p.a. for 6 months. Invest a minimum S$200K or insure a minimum S$20K in one of the eligible products within a calendar month (T&Cs apply).

    bonus interest when you insure and invest

Calculate your Relationship-based interest and Wealth Booster interest earning

Enter your estimated Average Daily Balance:

S$

Priority Banking Relationship-based interest rate More information

Wealth $aver Account interest Rate

The interest rate for your Wealth $aver account balances denominated in Singapore Dollar is determined your total assets managed by the Bank, which is known as Assets Under Management (AUM)

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.

The following interest rate will apply if your relationship status is Priority Banking and above based on your corresponding AUM threshold for each month:

Asset Under Management “AUM” (SGD) Wealth $aver Account Balance in SGD Interest rate (p.a.)
< S$200,000 > S$0 0.05%
S$200,000 to < S$1,500,000 First $1,000,000 1.25%
Balances above S$1,000,000 0.05%
≥S$1,500,000 First $1,000,000 2.25%
Balances above S$1,000,000 0.05%

Important Notes:

  • 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. It may take up to 7 working days to process your Priority Banking or Priority Private sign up request after fulfilling the eligibility criteria.
  • You will also not earn interest your foreign currency denominated balances.

Select the Assets Under Management (AUM) tier that you have with us. AUM includes total deposit balance, investment and insurance with the bank.

Your Priority Banking Relationship-based interest rate

2.25%

p.a. interest

Wealth Booster Promotion More information

Wealth Booster Promotion (Valid till 30 Apr’25)

Here’s how to unlock additional Bonus Interest:

Wealth Promotion Requirements Promotional Bonus Interest Rate Promotional Bonus Interest Period Promotional Bonus Interest Crediting Month

Insure

Purchase, through us, and be issued Eligible Insurance Policy(ies) with a Total Annual Premium of at least S$20,000 within a calendar month during the Promotion Period

OR

Invest

Subscribe through us within a calendar month during the Promotion Period, and settle trade(s), for Eligible Unit Trust(s), Bonds and Structured Notes with a Total Subscription Amount of at least S$200,000

New-to-deposits clients^ – 2.25% for 6 months

Existing-deposits clients – 1.00% for 6 months

6 months starting from the month of (as the case may be):

Inception of the Eligible Insurance Policy(ies)

OR

Investment subscription month

(E.g. if the Eligible Insurance Policy(ies) is/ are incepted or if the subscription(s) of the Eligible Unit Trust(s) is in Jan’25, you will earn Promotional Bonus Interest on your ADB from Jan’25 to Jun’25)

1 month after the calendar month eligible for Promotional Bonus Interest

(E.g. if you are eligible for Promotional Bonus Interest in Jan’25, such Promotional Bonus Interest for Jan’25 will only be credited in Feb’25)

^To qualify as a New-to-Deposits under Wealth Booster Promotion, you must:
  • apply for the Wealth $aver account for the first time during the Promotion Period (1 Jan’25 to 30 Apr’25)
  • do not hold an existing Standard Chartered current/cheque account(s) and/or savings account(s) at the date of Wealth $aver account opening
  • the purchase of the new qualifying Insurance/Investment must be completed during the Wealth $aver account opening month or by the following one (1) calendar month.

What are considered Eligible Investments Products under the Wealth Booster Promotion?

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.

What are considered Eligible Insurance Policy(ies) under the Wealth Booster Promotion?

  1. Regular premium life insurance policy(ies)
  2. 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)

Earn bonus interest for 6 months when you invest (min. S$200K) or insure (min. S$20K) in one of the eligible products within a calendar month.^
Valid till 30 Apr’25.

I am a New-To-Deposits client

No

Yes

I am keen to invest or insure in eligible products

No

Yes

Get up to 2.25% p.a. bonus interest with more than S$200k Asset Under Management.
Your bonus interest rate

2.25%*

p.a. interest
Your estimated interest for 6 months
S$@% p.a. interest
Your Estimated Annual Interest
S$@% p.a.
*T&Cs apply. Indicated interest rates shall only be applicable to the 1st S$1,000,000 in the Account when corresponding AUM threshold is met and you have a Priority Banking or Priority Private relationship with us. For all amounts exceeding S$1,000,000 or if you do not meet all relevant criteria, your applicable interest rate shall be 0.05% p.a. Please note that it may take up to 7 working days to process your Priority Banking or Priority Private sign up request after fulfilling the eligibility criteria

Enjoy exclusive benefits with your Wealth $aver deposit account

Earn unlimited 1% cashback

Earn unlimited 1% cashback with local and foreign spends on your Wealth $aver debit card. No minimum spends, no cap on your cashback.

Enjoy S$0 overseas transaction fee on your foreign currency spend

Access up to 14 currencies in one single account and convert at attractive FX rates.

Lifestyle benefits

Enjoy a wide range of benefits and savings. Get up to 16% off fuel, a complimentary HoteLux Elite membership (worth US$129) and more.

Dedicated Relationship Management team

Enjoy a dedicated relationship management team assigned to you for all your banking needs.

Manage Your Investment with Digital Wealth Solutions

Gain access to the smart investment tools to manage your investment conveniently and holistically to help keep your financial goals on track

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Start a Priority Banking Relationship with us and receive welcome gifts of up to S$19,000 in value+

For wealth ambitions beyond borders

Person, Human, Video Gaming

Experience our full suite of Wealth Solutions to help you keep your financial goals on track.​

Person, Human, Monitor

Access expert and timely financial advice from our Chief Investment Office (CIO).

Person, Human, Helmet

Effect positive change while achieving your financial objectives​.

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Gain insights on your investment portfolio with myWealth Advisor.

The Wealth $aver deposit account has wide ranging benefits that include:

  • High interest rate of up to 4.50% p.a. for the first 6 months on the first S$1,000,000 deposit balance, with no minimum lock in period.
  • Unlimited 1% cashback benefit on both local + foreign currency Wealth $aver debit card spend with no minimum spending and cashback cap.
  • S$0 overseas transaction fee on foreign currency spend.
  • Access up to 14 currencies in 1 single account.
  • Convert at attractive FX rates.
  • Gain access to a full suite of wealth expertise.
  • Complimentary HoteluxElite membership (worth US$129).
  • Savings up to 16% off fuel.
  • As Wealth $aver is for exclusively for Priority Banking clients, receive up to S$18k cash benefit (when you join Priority Banking).

The Wealth $aver deposit account is exclusively for Standard Chartered’s Priority Banking or Priority Private clients who are at least 18 years old.

You can become a Priority Banking client with us by opening a Wealth $aver deposit account and deposit a minimum of S$200,000 fresh funds.

Earn a high interest rate of up to 4.50% p.a. for the first 6 months on the first S$500,000 deposit balance, with no minimum lock in period.
For all amounts exceeding S$1,000,000 or if all relevant criteria are not met, the applicable interest rate is 0.05% p.a.

Interest will be credited to your Wealth $aver deposit account monthly by the last day of the following month, or at other regular intervals determined by Standard Chartered.

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.
All deposit balances above S$1,000,000 will earn 0.05% p.a.
You will earn interest on the average daily balance for your Singapore Dollar denominated balances only. You will not earn interest on your foreign currency denominated balances.
*AUM is defined as the sum of your:

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

The following are considered as Eligible Investments Products:

Eligible Unit Trust – a unit trust distributed by us but does not include (a) exchange traded funds; and (b) switching transactions.
Eligible Bonds – successful subscription of bonds issued and/or distributed by the Bank.
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$200,000* (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$1,000,000.

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

Click here for more FAQs.

Application Eligibility

To apply for a Wealth $aver account:
  • You need to be 18 years old and above
  • Priority Banking and above

Application Requirement

For SingPass holders applying with MyInfo

myinfo-logo
No documents are required

To apply at any of our branches, please prepare the following:
  • Original Singapore NRIC

Application Eligibility

To apply for a Wealth $aver account:
  • You need to be 18 years old and above
  • Priority Banking and above

Application Requirement

For SingPass holders applying with MyInfo

myinfo-logo
Residential address proof

To apply at any of our branches, 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

Services & Charges
Note: Except for Unarranged overdraft charges, all other fees are waived as long as you remained as a Priority Banking client.
Fall-below fee (per month)
S$5
Unarranged overdraft
Prime +5%, minimum S$5
Debit card annual fee (Including GST)
S$20
Cheque book charges
S$10 for each cheque book requested
Early Account Closure (within 6 months)
S$30
Refer here for all the relevant fees and charges

To receive welcome gifts of up to S$19,000 in value, you will need to fulfil the following terms and conditions below. Find out more
  • The Priority Banking & Priority Private Q2’2025 Sign-Up Promotion Terms and Conditions
Please refer to sc.com/sg/priority-tnc for exclusions and full terms and conditions and exclusions that apply.
  • Standard Chartered Bank ‘Invest and be Rewarded’ Priority Banking New-to-Bank Q2’2025
Please visit https://av.sc.com/sg/content/docs/sg-prbinvestreward-tnc.pdf for full terms and conditions and exclusions.

Investments

The content of this webpage does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy. It has not been prepared for any particular person or class of persons and does not constitute and should not be construed as investment advice nor an investment recommendation. It has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of an investment for you, taking into account these factors before making a commitment to invest in an investment. Investment products are not deposits and each of the investment products mentioned does not qualify as an insured deposit under the Singapore Deposit Insurance and Policy Owners’ Protection Schemes Act 2011

 

Insurance Products

The content of this webpage does not constitute a contract of insurance and reference should be made to the respective policies for the exact terms and conditions applicable to the insurance policy. It does not constitute an offer, recommendation or solicitation of an offer to buy or sell any insurance product or service, nor is it intended to provide insurance or financial advice. All insurance products described in this webpage are products of and underwritten by the respective insurers and not Standard Chartered Bank (Singapore) Limited. In facilitating insurance arrangements or in referring customers to the respective insurer(s), Standard Chartered Bank (Singapore) Limited is acting in alliance with the respective insurer(s) and not as an agent for customers. Standard Chartered Bank (Singapore) Limited shall not be liable in any manner whatsoever regarding your application or the contract of insurance.

Additionally, in relation to life insurance, buying a life insurance policy is a long-term commitment. An early termination of the life insurance policy usually involves high cost and the surrender value payable (if any) may be less than the total premiums paid.

These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 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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