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  1. Staff
  2. Staff Benefits – e$aver Savings Account

e$aver Savings Account

Earn up to

3.35% p.a. interest

on eligible deposit balance upto S$2 million

With

No Lock-in period

Enjoy the flexibility to access your funds at anytime

Apply Now For

Instant^ Account Opening

using MyInfo.

e$aver Savings Account Bonus Interest Promotion (1 October 2024 to 30 November2024)

From now till 30 November 2024, earn up to 3.35% p.a. interest on eligible deposit Balance of up to S$2 million with no lock-in period when you bring in incremental fresh funds* (compared to September 2024 average daily balance)

Prevailing Interest Rate on Deposit
Balance
Bonus Interest Rate on eligible Incremental Balance
Total Interest Rate on eligible Incremental Balance
0.05% p.a. 3.30% p.a. 3.35% 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* “Fresh funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.

Grow your money with an e$aver Savings Account

No lock in period

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

Easy and quick withdrawal

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 find out more.

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Elevate your savings with the Standard Chartered Marathon $aver Promotion

Limited time only, enjoy step up bonus interest of up to 3.50% on your e$aver account. Registered by 31st October 2024.

Staff Banking Privileges

EXCLUSIVELY FOR STAFF

  • No minimum average daily balance requirement
  • No fall-below fee
  • No counter transaction fee

FOR RETAIL CLIENTS

  • Minimum average daily balance $1,000
  • Fall-below fee per month $5
  • $5 per cash withdrawal

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

e$aver is an online savings account that earns higher interest rate with flexibility of accessing your funds anytime.

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 age 12-18 years old are allowed.

If you are a new customer:

Step 1: Select ‘Apply now’

Step 2: Pre-fill your application via SingPass (MyInfo)

Step 3: Verify your details and submit your application

Step 4: Your account will be opened instantly

If you are an existing customer and have access to online banking:

Step 1: Log in to Online Banking or SC Mobile

Step 2: Select Apply / Apply for Product and search for ‘e$aver savings account’

Step 3: Select ‘Apply now’

Step 4: Verify your details and submit your application

Step 5: Your account will be opened instantly

The minimum average daily balance required for the Standard Chartered e$aver savings account is S$1,000.

The key benefits of e$aver include:

  • Attractive interest rates with no lock-in period
  • Flexibility of accessing funds anytime, and no penalty for withdrawal

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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