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  1. Staff
  2. Bonus$aver

Bonus$aver Account

Get higher bonus interest now – Enjoy up to 7.88% p.a. bonus interest on your first S$100,000 deposits  

Bonus$aver Account    
  • Get up to
    7.88% p.a.1

    on your first S$100,000 deposits

  • Plus, get up to
    S$288 cashback3

    when you sign up now

  • Enable
    Multi-Currency

    feature to access 14 currencies with $0 overseas transaction fees* and more



1 Bonus$aver Product Terms apply.

Bonus$aver Calculator2

S$
Your estimated annual interest2
Please enter a minimum amount of S$2,000

S$ @ % p.a.

Your estimated annual interest2

S$ @ % p.a.

  • Apply Now Apply Now

    Instant Account Opening with MyInfo

    I want to apply for a Bonus$aver account only

    I want to apply for a Bonus$aver account and Bonus$aver World Mastercard Credit Card

    Note: To qualify for the Bonus$aver Sign-up Promotion, you must apply for a Bonus$aver World Mastercard Credit Card. Visit here for the full Bonus$aver Sign-up Promotion Terms and Conditions that apply.

More information
  • Spend

Select your estimated monthly card spending

Interest (p.a) earned

2%

(Inclusive of prevailing interest rate)

Your monthly Bonus$aver card spending

You will earn a prevailing interest rate of 0.05% p.a. 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
Charge the Minimum Card Spend on eligible transactions to your Bonus$aver Cards
Minimum Card Spend
S$500
or equivalent in foreign currency of eligible Card Spend per calendar month based on transaction posting date
Bonus Interest Rate on the first S$100,000
1.25% p.a.
Total Interest Earned for Spend
(*inclusive of prevailing interest rate)
1.30%
Minimum Card Spend
S$2,000
or equivalent in foreign currency of eligible Card Spend per calendar month based on transaction posting date
Bonus Interest Rate on the first S$100,000
2.00% p.a.
Total Interest Earned for Spend
(*inclusive of prevailing interest rate)
2.05% p.a.
Bonus Interest Crediting Month
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
Bonus Interest Payment period
Payable monthly upon fulfillment of criteria and Minimum Card Spend

Certain transactions on your Bonus$aver Cards will not be regarded as eligible transactions. Please refer to Bonus$aver Product Terms for full T&Cs and list of exclusions

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  • Salary Credit

Would your monthly salary credit be S$3,000 or more?

No Yes
Interest (p.a) earned

2.50%

Salary Credit

Credit a minimum of S$3,000 monthly salary into your Bonus$aver account and earn additional 2.50% p.a. bonus interest on the deposit balance in your Bonus$aver account:

Criteria
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 with Purpose Code “SALA”
Minimum Ticket Size
S$3,000
Bonus Interest Rate on the first S$100,000
2.50% p.a
Bonus Interest Crediting Month
One month after salary is credited
Bonus Interest Payment period
Payable monthly upon fulfillment of criteria and minimum ticket size

Please refer to Bonus$aver Product Terms for the full T&Cs that apply.

More information
  • Invest

Would you invest in eligible products?

No Yes
Interest (p.a) earned

1.50%

Invest

Invest through us in an Eligible Unit Trust with a minimum subscription sum of S$30,000, to earn additional 1.50% p.a. bonus interest on the deposit balance in your Bonus$aver Account:

Criteria
Purchase an Eligible Unit Trust (defined below)
Minimum Ticket Size
S$30,000
S$30,000 minimum subscription sum for an Eligible Unit Trust
Bonus Interest Rate on the first S$100,000
1.50% p.a
Bonus Interest Crediting Month
For investment in Eligible Unit Trust: One month after investment settlement month
Bonus Interest Payment period
Bonus Interest will be paid for a consecutive period of 12 months.

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:

  • exchange traded funds;
  • investments via regular savings plans; and
  • 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.

More information
  • Insure

Would you insure in eligible products?

No Yes
Interest (p.a) earned

1.50%

Insure

Purchase an Eligible Insurance Policy with a minimal annual premium of S$12,000 to earn additional 1.50% p.a. bonus interest on the deposit balance in your Bonus$aver Account:

Criteria
Purchase an Eligible Insurance Policy (defined below)
Minimum Premium
S$12,000
S$12,000 annual premium for an Eligible Insurance Policy
Bonus Interest Rate on the first S$100,000
1.50% p.a
Bonus Interest Crediting Month
For purchase of Eligible Insurance Policy: One month after purchase of policy
Bonus Interest Payment period
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:

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

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.

More information
  • Bill Payment

Would you make at least 3 bill payments online?

No Yes
Interest (p.a) earned

0.33%

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 0.33% p.a. bonus interest on the deposit balance in your Bonus$aver account:

Criteria
Minimum 3 eligible bill payments (in a calendar month) from your Bonus$aver account via GIRO or our Online Banking platform
Minimum Ticket Size
S$50
per eligible bill payment
Bonus Interest Rate on the First S$100,000
0.33% p.a.
Bonus Interest Crediting Month
One month after eligible bill payment month
Bonus Interest Payment period
Payable monthly upon fulfillment of criteria and minimum ticket size

Please refer to Bonus$aver Product Terms for the full T&Cs that apply.

  • Apply Now Apply Now

    Instant Account Opening with MyInfo

    I want to apply for a Bonus$aver account only

    I want to apply for a Bonus$aver account and Bonus$aver World Mastercard Credit Card

    Note: To qualify for the Bonus$aver Sign-up Promotion, you must apply for a Bonus$aver World Mastercard Credit Card. Visit here for the full Bonus$aver Sign-up Promotion Terms and Conditions that apply.

Additional benefits on your Bonus$aver account

Quick Application Process

Beat the queue and apply online. Enjoy an even simpler application process with MyInfo.

Banking Online or On The Go

Manage your money easily with our award-wining Online and Mobile Banking platform and get access to over 300 billing organisations. SC Mobile is available on the iPhone, iPad and Android mobile device.

Convenient Withdrawals

Withdraw your cash easily from our extensive network of ATMs plus get access to cash at over 1,500 merchants, including 7-Eleven, with our mobile banking app that’s powered by soCash.

Easy Account Management

Consolidated statement for easy account balancing.
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EXCLUSIVELY FOR STAFF

  • No fall-below fee
  • No minimum average daily balance requirement
  • No credit card annual fee
  • No debit card annual fee
  • Free cheque book(s)
  • No early account closure fee

FOR RETAIL CLIENTS

  • Fall below fee $5 per month if the minimum average daily balance falls below $3000 in any particular month
  • Credit card annual fee $214 including GST
  • Debit card annual fee waived

  • 1st cheque book: Free
  • Subsequent cheque book(s): $15 each
  • Early account closure fee $30 (within 6 months)

Services & Charges
Fall-below fee (per month)
Nil

Note: Chargeable if the minimum average daily balance falls below S$3,000 in any particular month.

Monthly service charge
Nil
Unarranged overdraft
Prime +5%, minimum S$5
Credit card annual fee (Including GST)
Nil
Debit card annual fee (Including GST)
Nil
Cheque book charges
Nil
Early Account Closure (within 6 months)
Nil
Refer here for all the relevant fees and charges

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 4.88% 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
  • 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).

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 4.88% p.a. interest for up to S$100,000 deposit as you consolidate your spends, salary credit, bill payments and wealth needs with just a single account.

You can earn up to 4.88% p.a. interest on the first S$100,000 Average Daily Balance in your Bonus$aver account.

Your will receive 2 types of interest on your account balance every month.

Prevailing interest: 0.01% p.a.

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

Bonus interest: This interest is accrued daily. You will receive this interest at the end of every month.

Earn 1.60% p.a. for spending at least S$2,000 in eligible transactions on your Bonus$aver Credit or Debit Card, or earn 0.60% p.a. for spending at least S$500 in eligible transactions on your Bonus$aver Credit or Debit Card and/or

Earn 1.20% p.a. for crediting your salary of at least S$3,000 through your employer via giro and/or

Earn 1.00% p.a. for 12 months when you purchase a new eligible unit trust investment and/or

Earn 1.00% p.a. for 12 months when you purchase a regular premium insurance product from SCB and/or

Earn 0.07% p.a. for paying any 3 unique bills online or through GIRO

You must be 21 years old and above to be eligible. For joint account applicants, both parties must be 21 years old and above.

Yes. The average daily balance eligible for bonus interest is subject to a cap of $100,000 per Bonus$aver account. Any average daily balance amount in excess of the cap is not eligible for bonus interest (but the prevailing interest rates will apply).

Click here for more FAQs.

For Bonus$aver accounts opened through an online application, you can perform signature-based transactions after you register your signature via SC Mobile.

However, do note that chequebook facility is still not available for Bonus$aver accounts opened through an online application.

Your 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 4.88% p.a. Read more
The calculated interest is an estimate based on the assumption that your balance stays the same throughout the year and on the assumption that you satisfy the Bonus$aver Product Terms. Prevailing interest of 0.01% p.a. has been included in the calculation.
To qualify for the Sign-up Gift, (a) you must be new to Bonus$aver and apply for a Bonus$aver current/cheque account (“Bonus$aver Account”) as a main account holder and a Bonus$aver World Mastercard credit card as a principal card holder between 1 March 2024 – 30 April 2024 and your applications must be approved, and (b) you must deposit minimum fresh funds of S$50,000 in your Bonus$aver Account at the time of account opening and maintain the sum until the end of the calendar month immediately after the calendar month in which your Bonus$aver Account is opened. If you satisfy the qualifying criteria, you will be eligible to receive Sign-Up Cashback (worth S$188). To qualify for the additional S$100 Salary Crediting Cashback, you must credit a minimum of S$3,000 monthly salary into your Bonus$aver account within the first two months of opening your Bonus$aver Account through GIRO with Purpose Code “SALA” by your employer. For the avoidance of doubt, such GIRO arrangements for salary crediting must be made in respect of your Singapore Dollar denominated balances in your Bonus$aver account. “Fresh funds” means funds not originating from any existing account with the Bank and funds that are not withdrawn and re-deposited with the Bank within the last 30 days of opening of your Bonus$aver Account. Visit here for the full Bonus$aver Lunar New Year Sign-up Promotion Terms and Conditions that apply.

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.

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