Opening a Bonus$aver account online is fast and convenient. Be rewarded with sign-up gift worth up to S$319 when you successfully apply for a Bonus$aver account and Bonus$aver credit card online by 31 Jan 2017
Apply now

Maximising your savings is now easy with the new Bonus$aver.

Earn up to 3.88% p.a. interest1 on your first S$100,000 deposit balances. It’s the easy way to give you and your money a well deserved bonus today. So let a single account take care of your banking needs.

From now till 31 January 2017, receive an exclusive gift when you successfully apply for a Bonus$aver account and Bonus$aver credit card online or at any of our branches. Bonus$aver Sign-up Gift (1 Nov 2016 –31 Jan 2017) Promotion Terms and Conditions apply.

Online Exclusive

Open an account online in less than 10 minutes

Minimum Deposit
S$10,000

Plantronics Back Beat Go 3 Wireless Earphone (worth S$169)

Minimum Deposit
S$50,000

Fitbit Blaze Blue Silver (Small) (worth S$319)

Branch Exclusive

Visit any of our branches to open an account

Minimum Deposit
S$10,000

S$88 Cashback

Minimum Deposit
S$50,000

S$188 Cashback

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Spend

Interest (p.a) up to

1.88%

(Inclusive of prevailing interest rate)

Spend

You will earn a prevailing interest rate of 0.1% p.a. on your entire deposit balance if your deposit balance is below S$200,000.  If your deposit balance is S$200,000 and above, the prevailing interest rate of 0.2% p.a. will apply on your entire deposit balance.  In addition, you will earn bonus interest on the first S$100,000 of your deposit balance if you meet the minimum card spend as follows:

Criteria Minimum Card Spend Bonus Interest Rate on the first S$100,000 Bonus Interest Crediting Month Bonus Interest Payment period Total Interest Earned for Spend (*inclusive of prevailing interest rate)
Charge the Minimum Card Spend on eligible transactions to your Bonus$aver Cards S$500
,or equivalent in foreign currency of eligible Card Spend per calendar month based on transaction posting date
Up to 0.78% p.a One month after card spend transaction month e.g. for card spending in January, bonus interest will be paid in February based on January’s Average Daily Balance Payable monthly upon fulfillment of criteria and Minimum Card Spend 0.88%
S$2,000
,or equivalent in foreign currency of eligible Card Spend per calendar month based on transaction posting date
Up to 1.78% p.a. 1.88%

The following transactions on your Bonus$aver Cards are not eligible transactions for the purposes of the Promotion, and will not be taken into consideration when determining the total Card Spend for the calendar month:

  1. transactions arising from the use of your linked Bonus$aver Cards as an ATM card at an ATM or at an EFTPOS or NETS terminal
  2. balance transfers to your Bonus$aver Card
  3. EasyPay monthly instalments
  4. online bill payments
  5. income tax payments
  6. payments to loans or credit facilities or deposit accounts
  7. Payments to the Immigration and Checkpoints Authority, Ministry of Manpower and Land Transport Authority.
  8. EZ-link card transactions and other TransitLink transactions
  9. top-ups of any stored value facility
  10. AXS payments
  11. any fees and charges (including annual fees, interest charges, cheque processing fees, administrative fees, cash advance fees, finance charges and/or late payment charges and other miscellaneous fees and charges) charged to your linked Bonus$aver Card
  12. any amount charged to your linked Bonus$aver Card in that calendar month that is subsequently cancelled, voided or reversed
  13. balance owing on your linked Bonus$aver Card from previous or other months; and
  14. any other amount charged to your linked Bonus$aver Card as we may determine from time to time.

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Salary Credit

Interest (p.a)

1%

Salary Credit

Salary Credit: Credit a minimum of S$3,000 monthly salary into your Bonus$aver account and earn additional 1% p.a. bonus interest on the deposit balance in your Bonus$aver account:

Criteria Minimum Ticket Size Bonus Interest Rate on the first S$100,000 Bonus Interest Crediting Month Bonus Interest Payment Period
Regular inward credit of your monthly salary of no less than S$3,000 nett into your Bonus$aver account by your employer through GIRO S$3,000 1% p.a. One month after salary is credited Payable monthly upon fulfillment of criteria and minimum ticket size
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Invest or Insure

Interest (p.a)

0.75%

Invest or insure

Invest or Insure: Invest through us in an Eligible Unit Trust with a minimum subscription sum of S$30,000, or purchase an Eligible Insurance Policy with a minimal annual premium of S$12,000 to earn additional 0.75% p.a. bonus interest on the deposit balance in your Bonus$aver Account:

Minimum Premium/Ticket Size Criteria Minimum Ticket size Bonus Interest Rate on the First S$100,000 Bonus Interest Crediting Month Bonus Interest Payment Period
Purchase an Eligible Insurance Policy or Unit Trust (defined below) S$12,000 annual premium for an Eligible Insurance Policy Or S$30,000 minimum subscription sum for an Eligible Unit Trust 0.75% p.a. For purchase of Eligible Insurance Policy: One month after purchase of policy

For investment in Eligible Unit Trust: One month after investment settlement month
Bonus Interest will be paid for a consecutive period of 12 months.

“Eligible Insurance Policy” means a regular premium life insurance policy underwritten by Prudential Assurance Company Singapore (Pte) Ltd and distributed by the Bank and which:

  1. names the Eligible Customer as the policy owner;
  2. has a minimum annual premium of S$12,000;

“Eligible Unit Trust” means a Unit Trust made available through the Bank and which comprises (i) a minimum investment sum of S$30,000 (or its equivalent in another currency) in a single subscription, but does not include:

  1. exchange traded funds;
  2. investments via regular savings plans; and
  3. switching transactions.

Disclaimer:

This document is being distributed for general information only and it does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.

It has not been prepared for any particular person or class of persons and 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 the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

You are fully responsible for your investment decision, including whether the product or service described here is suitable for you. The products / services involved are not principal-protected and you may lose all or part of your original investment amount. SCB will not accept any responsibility or liability of any kind, with respect to the accuracy or completeness of the information in this document. This document is for general evaluation only and has not been prepared to be suitable for any particular person or class of persons.

SCB makes no representation or warranty of any kind, express, implied or statutory regarding this document or any information contained or referred to on the document. This document is distributed on the express understanding that, whilst the information in it is believed to be reliable, it has not been independently verified by us.

Insurance: Buying an insurance policy is a long-term commitment. An early termination of the policy usually involves high cost and the surrender value payable may be less than the total premiums paid. The contents of this document do 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. All insurance products described in this document are products of and underwritten by [Insurer] (“Insurer”) and not Standard Chartered Bank (Singapore) Limited (“SCBSL”). SCBSL shall not be liable in any manner whatsoever regarding your application or the contract of insurance.

Unit Trusts: You should read the relevant prospectus before deciding whether to invest in a unit trust. Investments in unit trusts are not obligations of, deposits in, or guaranteed by, Standard Chartered Bank (Singapore) Limited or its affiliates. An investment in unit trusts is subject to investment risks, including the possible loss of the principal amount invested. The value of and the income from the unit trusts may fall as well as rise.

For clarity, the above are not deposits and do not qualify insured deposits under the Singapore Deposit Insurance and Policy Owners’ Protection Schemes Act 2011.

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Bill Payment

Interest (p.a)

0.25%

Bill Payment

Bill Payment: Make 3 eligible bill payments of at least S$50 each (in a calendar month) from your Bonus$aver account via GIRO or our Online Banking platform and earn additional 0.25% p.a. bonus interest on the deposit balance in your Bonus$aver account:

Criteria Minimum Ticket Size Bonus Interest Rate on the First S$100,000 Bonus Interest Crediting Month Bonus Interest Payment Period
Minimum 3 eligible bill payments (in a calendar month) from your Bonus$aver account via GIRO or our Online Banking platform S$50 per eligible bill payment 0.25% p.a. One month after eligible bill payment month Payable monthly upon fulfillment of criteria and minimum ticket size

“Eligible bill payments” means unique bill payments to different billing organisations and includes (i) in respect of bill payments via our Online Banking platforms, any payments made to an eligible billing organisation* at our website at https://www.sc.com/sg/ways-to-bank/pay-any-card-merchant.html; or (ii) in respect of bill payments via GIRO, any payments made to an eligible billing organisation accepting GIRO instructions provided that such GIRO arrangements are approved by us.


Download GIRO forms here to get started:

Utilities
M1 | My Republic | Singapore Power | Singtel | Starhub

Insurance
AIA | Aviva | Great Eastern | Manulife | NTUC Income | Prudential | Tokio Marine

Others
IRAS | LTA

Total

Interest (p.a.) up to

3.88%

   Spend

You will earn a prevailing interest rate of 0.1% p.a. on your entire deposit balance if your deposit balance is below S$200,000.  If your deposit balance is S$200,000 and above, the prevailing interest rate of 0.2% p.a. will apply on your entire deposit balance.  In addition, you will earn bonus interest on the first S$100,000 of your deposit balance if you meet the minimum card spend as follows:

Criteria Minimum Card Spend Bonus Interest Rate on the first S$100,000 Bonus Interest Crediting Month Bonus Interest Payment period Total Interest Earned for Spend (*inclusive of prevailing interest rate)
Charge the Minimum Card Spend on eligible transactions to your Bonus$aver Cards S$500,
or equivalent in foreign currency of eligible Card Spend per calendar month based on transaction posting date
Up to 0.78% p.a One month after card spend transaction month e.g. for card spending in January, bonus interest will be paid in February based on January’s Average Daily Balance Payable monthly upon fulfillment of criteria and Minimum Card Spend 0.88%
S$2,000,
or equivalent in foreign currency of eligible Card Spend per calendar month based on transaction posting date
Up to 1.78% p.a. 1.88%

The following transactions on your Bonus$aver Cards are not eligible transactions for the purposes of the Promotion, and will not be taken into consideration when determining the total Card Spend for the calendar month:

  1. transactions arising from the use of your linked Bonus$aver Cards as an ATM card at an ATM or at an EFTPOS or NETS terminal
  2. balance transfers to your Bonus$aver Card
  3. EasyPay monthly instalments
  4. online bill payments
  5. income tax payments
  6. payments to loans or credit facilities or deposit accounts
  7. Payments to the Immigration and Checkpoints Authority, Ministry of Manpower and Land Transport Authority.
  8. EZ-link card transactions and other TransitLink transactions
  9. top-ups of any stored value facility
  10. AXS payments
  11. any fees and charges (including annual fees, interest charges, cheque processing fees, administrative fees, cash advance fees, finance charges and/or late payment charges and other miscellaneous fees and charges) charged to your linked Bonus$aver Card
  12. any amount charged to your linked Bonus$aver Card in that calendar month that is subsequently cancelled, voided or reversed
  13. balance owing on your linked Bonus$aver Card from previous or other months; and
  14. any other amount charged to your linked Bonus$aver Card as we may determine from time to time.

   Salary Credit

Salary Credit: Credit a minimum of S$3,000 monthly salary into your Bonus$aver account and earn additional 1% p.a. bonus interest on the deposit balance in your Bonus$aver account:

Criteria Minimum Ticket Size Bonus Interest Rate on the first S$100,000 Bonus Interest Crediting Month Bonus Interest Payment Period
Regular inward credit of your monthly salary of no less than S$3,000 nett into your Bonus$aver account by your employer through GIRO S$3,000 1% p.a. One month after salary is credited Payable monthly upon fulfillment of criteria and minimum ticket size
   Invest or Insure

Invest or Insure: Invest through us in an Eligible Unit Trust with a minimum subscription sum of S$30,000, or purchase an Eligible Insurance Policy with a minimal annual premium of S$12,000 to earn additional 0.75% p.a. bonus interest on the deposit balance in your Bonus$aver Account:

Criteria Minimum Premium/Ticket Size Bonus Interest Rate on the First S$100,000 Bonus Interest Crediting Month Bonus Interest Payment Period
Purchase an Eligible Insurance Policy or Eligible Unit Trust (defined below) S$12,000 annual premium for an Eligible Insurance Policy Or S$30,000 minimum subscription sum for an Eligible Unit Trust 0.75% p.a. For purchase of Eligible Insurance Policy: One month after purchase of policy

For investment in Eligible Unit Trust: One month after investment settlement month
Bonus Interest will be paid for a consecutive period of 12 months.

“Eligible Insurance Policy” means a regular premium life insurance policy underwritten by Prudential Assurance Company Singapore (Pte) Ltd and distributed by the Bank and which:

  1. names the Eligible Customer as the policy owner;
  2. has a minimum annual premium of S$12,000;

“Eligible Unit Trust” means a Unit Trust made available through the Bank and which comprises (i) a minimum investment sum of S$30,000 (or its equivalent in another currency) in a single subscription, but does not include:

  1. exchange traded funds;
  2. investments via regular savings plans; and
  3. switching transactions.

Disclaimer:

This document is being distributed for general information only and it does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.

It has not been prepared for any particular person or class of persons and 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 the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

You are fully responsible for your investment decision, including whether the product or service described here is suitable for you. The products / services involved are not principal-protected and you may lose all or part of your original investment amount. SCB will not accept any responsibility or liability of any kind, with respect to the accuracy or completeness of the information in this document. This document is for general evaluation only and has not been prepared to be suitable for any particular person or class of persons.

SCB makes no representation or warranty of any kind, express, implied or statutory regarding this document or any information contained or referred to on the document. This document is distributed on the express understanding that, whilst the information in it is believed to be reliable, it has not been independently verified by us.

Insurance: Buying an insurance policy is a long-term commitment. An early termination of the policy usually involves high cost and the surrender value payable may be less than the total premiums paid. The contents of this document do 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. All insurance products described in this document are products of and underwritten by [Insurer] (“Insurer”) and not Standard Chartered Bank (Singapore) Limited (“SCBSL”). SCBSL shall not be liable in any manner whatsoever regarding your application or the contract of insurance.

Unit Trusts: You should read the relevant prospectus before deciding whether to invest in a unit trust. Investments in unit trusts are not obligations of, deposits in, or guaranteed by, Standard Chartered Bank (Singapore) Limited or its affiliates. An investment in unit trusts is subject to investment risks, including the possible loss of the principal amount invested. The value of and the income from the unit trusts may fall as well as rise.

For clarity, the above are not deposits and do not qualify insured deposits under the Singapore Deposit Insurance and Policy Owners’ Protection Schemes Act 2011.

   Bill Payment

Bill Payment: Make 3 eligible bill payments of at least S$50 each (in a calendar month) from your Bonus$aver account via GIRO or our Online Banking platform and earn additional 0.25% p.a. bonus interest on the deposit balance in your Bonus$aver account:

Criteria Minimum Ticket Size Bonus Interest Rate on the First S$100,000 Bonus Interest Crediting Month Bonus Interest Payment Period
Minimum 3 eligible bill payments (in a calendar month) from your Bonus$aver account via GIRO or our Online Banking platform S$50 per eligible bill payment 0.25% p.a. One month after eligible bill payment month Payable monthly upon fulfillment of criteria and minimum ticket size

“Eligible bill payments” means unique bill payments to different billing organisations and includes (i) in respect of bill payments via our Online Banking platforms, any payments made to an eligible billing organisation* at our website at https://www.sc.com/sg/ways-to-bank/pay-any-card-merchant.html; or (ii) in respect of bill payments via GIRO, any payments made to an eligible billing organisation accepting GIRO instructions provided that such GIRO arrangements are approved by us.

*Standard Chartered Bank (Singapore) Limited does not qualify as an eligible billing organisation for the purpose of determining “eligible bill payments” under Bonus$aver (Bill Payment category)


Download GIRO forms here to get started:

Utilities
M1 | My Republic | Singapore Power | Singtel | Starhub

Insurance
AIA | Aviva | Great Eastern | Manulife | NTUC Income | Prudential | Tokio Marine

Others
IRAS | LTA


1Your account must be in good standing. Bonus interest is in addition to prevailing interest, and the total interest you can receive is a maximum of 3.88% p.a..
Bonus$aver Product Terms apply.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Calculate your interest with Bonus$aver

Deposit ADB
Prevailing interest
Spends on your Bonus$aver Card

Salary credit of minimum S$3,000 nett

3 bill payments online

Insure or invest in eligible products

The amount is calculated on per month (31 days) basis and is for illustration purposes only.

Benefits

  • No fixed term
  • Maximise your savings with a single account
  • Manage your money easily with our award-winning Online and Mobile Banking platform, SC Mobile available on the iPhone, iPad and Android mobile device
  • Pay any bank's Visa or MasterCard credit card bills online with Online Banking
  • Get access to over 300 billing organisations via online banking or set up GIRO arrangements for easy payment of your bills. Download GIRO forms here.

What's more, bank on the go with Singapore's first Security Token Card, which uses state-of-the-art technology to provide you with two functions in one. This card can be used as a credit, debit or ATM card and a security device to authenticate your key Online Banking activities.

Key Charges

Service Charges
Fall-below fee
(per month)
S$5
Note: Fall-below fee of S$5 per month is chargeable if the minimum average daily balance falls below S$3,000 in any particular month.
Monthly service charge $0
Credit card annual fee S$214 including GST (Free for first 2 years)
Debit card annual fee S$20 including GST
Cheque book charges 1st cheque book: Free
Subsequent cheque book(s): $15 each
Early Account Closure (within 6 months) S$30
Note: If the Bonus$aver account carries a balance of S$0 for 6 consecutive months, it will be automatically closed.

^ These new and/or increased fees and charges are applicable to Personal Banking customers, effective from 28 August 2015. Click here for more information

Eligibility

    • Nationality: Singapore citizen / Singapore permanent resident / foreigner
    • Age requirement: 21 - 65 years old
    • Employment Pass Holders: Foreigners must be holders of P1, P2 or Q type Singapore Employment Passes. Q Pass holders must have a minimum of one year validity remaining on their passes


    Documents Required
    • Mandatory supporting documents for Singapore Citizens and Permanent Residents:
      • NRIC (front and back)
      • Income documents:
        • Salaried employee: current or previous month's computerised payslip from current employer (handwritten copies are not acceptable)
        • Commission earner: computerised payslips for the last 3 months from the same current employer (handwritten copies are not acceptable); OR latest Income Tax Notice of Assessment (if this document is faxed, please fax from the bottom end first) OR
        • CPF Contribution History Statements for the last 6 months from current employer
      • For self-employed:
        • Income Tax Notice of Assessment for the last 2 years
    • Mandatory supporting documents for foreigners:
      • Passport
      • Employment Pass
      • Any of the following documents:
        • Last 3 months' utility bill
        • Last 3 months' bank statement
        • Letter from the human resource department of current employer stating address
        • Government-issued documents stating address (e.g. IRAS, CPF, ICA)
        • Telecommunications bill
        • Tenancy agreement
      • Income documents:
        • Salaried employee: current or previous month's computerised payslip from current employer (handwritten copies are not acceptable); OR latest Income Tax Notice of Assessment (if this document is faxed, please fax from the bottom end first)
        Apply online now

FAQs

    • What is the Bonus$aver Account?
      Bonus$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).

    • What are the benefits of Bonus$aver?
      Unlike other current and savings accounts, Bonus$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 rate for up to S$100,000 deposit as you consolidate your spends, salary credit, bill payments and wealth needs with just a single account.

    • Am I eligible for Bonus$aver?
      You must be 21 years old and above to be eligible. For joint account applicants, both parties must be 21 years old and above.

    • How is the interest calculated?
      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:

      Deposit Balance Interest Rate
      Less than $200,000 0.10% p.a.
      $200,000 and above 0.20% p.a.
    • This interest is accrued daily. You will receive this interest at the end of every month.

    • Bonus interest:

      You earn bonus interest on the first S$100,000 of your account average daily balance when you do any or all of these:

      • Earn up to 1.78% p.a. for spending at least S$2,000 in eligible transactions on your Bonus$aver Credit or Debit Card, or earn up to 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.

      Note: The Bank reserves the right to revise interest rates at any time without notice.

      Learn more »

Apply Online

Click here to sign up now.

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Call Us

Call our hotline for further information.

1800 747 7000

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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