A USD savings account is a savings account that allows you to hold, transact, and deposit in US Dollars.
Why sign up for USD $aver high yield deposit account?
USD$aver account is a high interest savings account with no lock-in period, allowing access to your US dollar funds anytime, anywhere.
For a limited time only, you can get up to 5.50% p.a. interest with your USD$aver Account.
Earn up to 3% p.a. Bonus Interest on your fresh funds* deposit.
Top up minimum USD200K fresh funds by 30 Jun’26
- New-to-deposits: 3.00% p.a. bonus interest
- Existing-to-deposits: 1.50% p.a. bonus interest
Maintain the fresh funds top up in your account until 31 Aug’26.
How our USD deposit account works
Base interest rate
Earn up to 5.50% p.a. interest all year round for account balances up to USD3,000,000 with USD$aver. No lock-in, no minimum spend and no salary crediting.
Limited time Top Up Promotion#
Earn up to 3.00% p.a. additional Bonus Interest on your fresh funds* deposit.
BALANCE IN YOUR USD$AVER ACCOUNT
| PREVAILING INTEREST RATE^
| TOP UP BONUS INTEREST#
| |
|---|---|---|---|
| First USD50,000 | 0.05% p.a. | + | Earn Additional Bonus interest for 3 months on your incremental fresh funds* New-to-deposits: 3.00% p.a. Existing-to-deposits: 1.50% p.a. |
| Next USD150,000 | 0.50% p.a. | ||
| Next USD1,300,000 | 1.00% p.a. | ||
| Next USD1,500,000 | 2.50% p.a. |
Important notes:
- Account balances exceeding USD3,000,000 shall earn prevailing interest of 0.05% p.a.
- ^The maximum effective interest rate (EIR) on the prevailing rate on your USD$aver account is 1.71% p.a. for deposit balance of USD3,000,000.
- * "Fresh funds" means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.
- #Bonus Interest is applicable on your incremental average daily balance of each month during the Bonus Interest earning period as compared to 31 May’26 balance (capped at USD3,000,000).
| Service | Charges |
|---|---|
| Minimum initial deposit | US$1 |
| Fall-below fee | US$10 per month if average daily balance for the month falls below US$10,000 |
| Monthly service charge | US$0 |
| Unarranged overdraft | Prime +5%, minimum US$5 |
| Early account closure fee (within 6 months) | US$20 |
| Debit Card Annual Fee | US$0 |
Refer here for all the relevant fees and charges
ELIGIBILITY
DOCUMENTS REQUIRED
NRIC (front and back)
- Passport
- Employment Pass
- Evidence of address proof (like recent utility bill or bank statement within the last 3 months)
Utility bill within the last 3 months
Bank statement within the last 3 months
Letter from the human resource department of current employer stating address
Government-issued documents stating address (e.g. IRAS, CPF, ICA)
Telecommunications bill within the last 3 months
Tenancy agreement
For details, please click here.
FAQs on USD$aver Account
- Frequent Travelers who travel frequently to the United States or other countries where the US Dollar is widely accepted.
- Expats and Foreign Employees who earn income in US Dollars or need to send money back home in US Dollars.
- Investors looking to diversify their currency holdings and hedge against currency fluctuations.
- Businesses engaged in international trade that make/ receive transactions in US Dollars.
- Parents/ Students who need to manage funds for tuition payments living expenses related to studying abroad in the US or other countries that use the US Dollar.
Yes. For Standard Chartered Singapore’s USD$aver account, Singaporean / PR eligible applicants must be 18 years and above.
Yes. For Standard Chartered Singapore’s USD$aver account, eligible non-Singaporean/Permanent Resident must hold valid employment passes and the applicants must be 18 years and above.
Yes. The USD$aver Account has a minimum average daily balance requirement of USD 10,000. If the average daily balance falls below the minimum amount for any particular month, there is a fall-below fee of USD10 per month.
Yes. You can open your USD$aver Account online conveniently through Standard Chartered’s website.
The USD$aver Account can be opened as a personal account OR a joint account.
The USD$aver Account is different from a fixed deposit as there is no lock-in period when it comes to the USD$aver account.
You can withdraw cash from your USD$aver Account at an ATM using your USD High debit card or at Standard Chartered Branches. Applicable fee may apply.
Yes. You can open a maximum of two (2) USD$aver accounts at any one time with Standard Chartered Singapore. However, each of your USD$aver accounts must have different account operating authority details.
Get exclusive welcome rewards when you join Priority Banking
Access tailored wealth solutions, CIO insights and dedicated relationship management, designed around your wealth ambitions.
+Exclusions apply. Cashback cap at USD100. Please refer to USD$aver terms and conditions at the link above for more details. MasterCard transactions incurred with merchants based outside of Singapore are subject to a charge of 1% of the transaction as imposed by MasterCard International on the Bank
