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How would you like to apply?

I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

*SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

*Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

I am an existing Standard Chartered Current/Checking/Savings Account holder

    How would you like to apply?

    I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

    *SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

    *Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

    Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

    I am an existing Standard Chartered Current/Checking/Savings Account holder

      Bicycle, Transportation, Vehicle
      1. Accounts & Deposits
      2. Savings Accounts
      3. JumpStart

      JumpStart Account

      A savings account for young adults aged between 18 and 26 years old

      JumpStart Account Benefits

      Just because you’re #adulting doesn’t mean you’d have to give up on your dreams. With JumpStart account, you can enjoy interest rate up to 1% p.a. on your first S$20,000

      Ready. Set. Jumpstart your future.

      It’s time to get manifesting. Here’s how:

      JumpStart Account Benefits

      • 0.50% p.a.

        on deposit balances up to $20,000

      • 0.50% p.a.

        Step up interest on deposit balances up to $20,000 when you invest

      • No fees

        and minimum deposit balance required

      • 1%

        cashback on eligible debit card spends

      Terms and Conditions apply.

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      Features

      PayNow

      Send and receive money with a mobile number or NRIC. Register for PayNow today. Click here to learn more

      soCash

      Get cash at over 1000 merchants with our mobile banking app. Click here to learn more.

      SC Remit

      $0 Transfer charges and 0% FX fees via online remittances. Click here to find out more

      ATM5 Network

      Our wide network of ATMs across Singapore.

      Eligibility & Documents

      ELIGIBILITY

      • To apply for a JumpStart account
        • You need to be between 18 and 26 years old

      DOCUMENTS

      • To apply for a JumpStart account online with MyInfo

        For Singapore citizens and permanent residents, no documents are required

      • To apply for a JumpStart account at any of our branches, you need to have these documents ready

        Singapore citizens and permanent residents

        • Original Singapore NRIC

        Foreigners residing in Singapore

        • Passport
        • Valid student/long term/employment pass
        • Any of the following documents:
          • Last 3 months’ utility bill
          • Last 3 months’ bank statement
          • Telecommunications bill
          • Tenancy agreement
          • Government-issued documents stating address (e.g. IRAS, CPF, ICA)

      JumpStart is a simple and high-interest savings account that offer a Base interest rate of 0.50%p.a. and Step-Up interest rate of 0.50% p.a. if you invest (refer to JumpStart Step Up Interest Terms and Conditions), for account balances up to S$20,000, all year round. No lock-in. No minimum spends. No requirement for salary-crediting. You have the flexibility to access your funds anytime AND earn competitive interest rate.

      It comes with a Cashback debit card with no monthly or annual fees.

      To open a JumpStart Account, you must be between 18 and 26 years old at the time that you apply for the account.

      You need to have a valid SingPass with a MyInfo Profile, a Singapore mobile number and email address to open the account.

      You may continue to maintain the JumpStart Account after you turn 26 years old.

      You can only open one JumpStart Account.

      You can open a JumpStart account in your name only.

      You will receive prevailing Base interest on your JumpStart account balances. Prevailing Base interest will be credited into your JumpStart account at the end of each month. You will earn 0.50% p.a. on your first $20,000 account balance in your JumpStart account, and you will earn 0.10% on any incremental balances above S$20,000 in your JumpStart account.

      There is no cap to the amount of interest that you can receive on the balances in your JumpStart account.

      Your interest will be reflected in your eStatement, Online Banking and Mobile Banking transaction history as “CR INTEREST”. Interest is credited into your JumpStart Account at the end of each month.

      Your Step-Up interest will be reflected in your eStatement, Online Banking and Mobile Banking transaction history as “CR STEP UP INTEREST”.

      If you close your JumpStart Account before the end of the month, prevailing interest will be paid up to the day before account closure.

      There is NO minimum deposit requirement.

      There is NO monthly fee.

      There is NO fall-below fee.

      No, there is no annual fee for the Cashback debit card.

      You will receive your Cashback debit card 5 to 7 working days from the opening date of your JumpStart Savings account.

      1% cashback on qualifying Mastercard transactions on the Cashback debit card. Monthly cashback is capped at S$60 per account (which is linked as the primary account to the Cashback debit card). Cashback is calculated at the end of each calendar month, based on transaction posting date. Cashback for debit card spends will be credited on the first working day of the following month. Refer to JumpStart Account Product Terms for the qualifying transactions and excluded transactions.

      • Successfully subscribe and settle one or more Eligible Unit Trust(s) through any investment account held by you as a primary account holder; or
      • Successfully set up a Regular Savings Plan (RSP) and settle your monthly investment through any investment account held by you as a primary account; or
      • Successfully put through at least one or more buy order(s) for Equities via SC Online Trading and settle the trade(s) through any investment account held by you as a primary account holder.

      Illustration 1:

      You perform 1 or more buy transaction on SC Online Trading platform in January
      Your Jumpstart account average daily balance in January: S$20,000
      Estimated Step-Up interest credited to your JumpStart account in February: S$8.33

      Illustration 2:

      You perform 1 buy transaction on SC Online Trading platform AND 1 buy transaction on Online Unit Trust platform in January
      Your Jumpstart account average daily balance in January: S$20,000
      Estimated Step-Up interest credited to your JumpStart account in February: S$8.33

      Illustration 3:

      You set up a Regular Savings Plan to invest $100 each month for the next 12 months in January.
      Your Jumpstart account average daily balance in January: S$20,000
      Estimated Step-Up interest credited for to your JumpStart account for the next 12 months: S$8.33 per month.

      • “Eligible Unit Trusts” means a unit trust distributed by the Bank but does not include (i) exchange traded funds; (ii) switching transactions and (iii) any investments made through:
      1. an Overdraft Facility; or
      2. the Central Provident Fund Investment Scheme; or
      3. Supplementary Retirement Scheme
      • “Equities” comprises all shares that are open for trade on the Standard Chartered Online Trading platform, but does not include:
      1. Delisted or suspended shares and
      2. Shares that are in certificate form

      You will receive Step-Up Interest for each month that you complete a Wealth Quest. A Wealth Quest can be fulfilled through a successful subscription of a Unit Trust or Regular Savings Plan or a buy order of Equities.

      There is no minimum investment amount requirement to receive Step-Up Interest. However, most Unit Trusts require a minimum investment of S$1,000 (refer to respective Fund Details), with subsequent amounts as low as S$100. Monthly minimum investment amount to set up a RSP is $100 but may be higher depending on each Unit Trust’s minimum regular savings plan amount. Please refer to the minimum regular savings plan amount set out in the relevant fund prospectus, as the minimum amount varies from Fund to Fund.

      There is no minimum investment amount requirement to receive Step-Up Interest. However, the minimum investment value (in terms on number of shares) you can trade online is determined by the respective exchanges.

      No, the maximum Step-Up Interest you receive per month is at the rate of 0.50% p.a.

      If you have fulfilled the Wealth Quest in a given calendar month, Step-Up Interest will be credited into your JumpStart account the following calendar month.

      Click here for more FAQs

      Terms and Conditions

      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.

      Monthly minimum investment amount to set up a RSP is $100 but may be higher depending on each Fund’s minimum regular savings plan amount. Please refer to the minimum regular savings plan amount set out in the relevant fund prospectus, as the minimum amount varies from Fund to Fund.

        
      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. Unit Trusts are not available to US persons.

        
      The contents on this webpage are for general information only and 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 webpage.

        
      The contents herein are 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 the contents on this webpage or any information contained or referred to herein.
      This webpage 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.

        
      This advertisement has not been reviewed by the Monetary Authority of Singapore.

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