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Earn up to 0.50% p.a. interest without locking in your money and seize future opportunities with e$aver

Person, Human, Furniture

Earn up to 0.50% p.a. interest without locking in your money and seize future opportunities with e$aver

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soCash

e$aver Bonus Interest (1 August 2021 to 30 September 2021) Promotion

From now till 30 September 2021, earn up to 0.50% p.a. interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to July 2021’s average daily balance)

Deposit Balance
Prevailing Interest Rate on Deposit
Balance
Bonus Interest Rate on eligible Incremental Balance
Total Interest Rate on eligible Incremental Balance
All balances 0.05% p.a. 0.45% p.a. 0.50% p.a.
* “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.

How It Works?

Maximising your savings is now easy with e$aver account.  With no lock-in period, enjoy the flexibility of accessing your funds at any time.

BALANCE IN YOUR E$AVER
PREVAILING INTEREST RATE
All balances 0.05% p.a.
Service
Amount (SGD)
Minimum initial deposit S$0
Minimum average daily balance S$1,000
Fall-below fee
(per month)
S$5^
Early account closure fee (within 6 months) S$0
Counter transaction S$5 per cash withdrawal
^ 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 & Documents

Eligibility

  • Nationality: Singapore citizen / Singapore permanent resident / foreigner
  • Age requirement: Minimum 18 years old

Documents Required

  • Mandatory supporting documents for Singapore citizens and permanent residents:
    • NRIC (front and back)
  • Mandatory supporting documents for foreigners:
    • Passport
    • Employment Pass
    • Any of the following documents:
      • Utility bill within the last 3 months
      • Bank statement within the last 3 months
      • Letter from the human resource department of current employer stating address
      • Government-issued documents stating address (e.g. IRAS, CPF, ICA)
      • Telecommunications bill within the last 3 months
      • Tenancy agreement

Terms & conditions

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.