How much interest can I earn with an e$aver Savings Account?

What is your estimated deposit amount in fresh funds*?

S$
Your estimated total monthly interest :
S$ 1000000  @  6.05 % p.a

The interest calculation is solely for illustration only and the estimated total monthly interest shown should not be taken as the actual interest payable due to possible variance from rounding in computation. Rates quoted are subject to change without prior notice.

e$aver Savings Account Bonus Interest Promotion (1 April 2025 to 31 May 2025)

From 1 April 2025 to 31 May 2025, earn up to 2.50% p.a. interest on eligible deposit balance of S$2 million with no lock-in period when you bring in incremental fresh funds* (compared to March 2025 average daily balance)

Prevailing Interest Rate on Deposit

Bonus Interest Rate on eligible Incremental Balance

Total Interest Rate on eligible Incremental Balance

0.05% p.a.

2.45% p.a.

2.50% p.a.

* “Fresh funds” mean funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.

Grow your money with an e$aver Savings Account

Enjoy the flexibility with no lock-in period

Earn high interest rates on your savings without any lock-in.

Instant access to your funds, anytime

Access your e$aver savings account anytime via SC Mobile or Online Banking.

Transfer funds overseas at $0 charges

Send money at $0 transfer charges with SC Remit. Click here to learn more.

Key Charges

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.

^ 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: 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

Generic

You are eligible to open an e$aver savings account as a primary account holder if you are 18 years old and above. For joint account applications, the joint account holder can be between the ages of 12-18 years old.

Average daily balance (ADB) is the sum of end-of-day account balances of all days in a particular calendar month, divided by the number of days in that month.

We will be crediting the bonus interest to your account latest by the 20th of the following month. For example, for the month of April 2025, bonus interest will be credited latest by 20 May  2025.

For details, please click here.

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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Earn up to 2.50% p.a. interest on eligible deposit balance up to S$2 million from 1 April 2025 to 31 May 2025. Earn up to 2.50% p.a. interest on eligible deposit balance up to S$2 million from 1 April 2025 to 31 May 2025.

Disclaimer

This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/sg and entering a website operated by other parties:

Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.

The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

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