2. Bonus$aver requirement
2.1 In addition to prevailing interest, you will receive bonus interest on the average daily balance in your Bonus$aver account (up to an average daily balance cap of S$100,000) for a calendar month if you comply with the following requirements (Bonus$aver requirement) in that calendar month:
2.1.1 you must be the primary account holder of a Bonus$aver account;
2.1.2 your Bonus$aver card must be linked to your Bonus$aver account;
2.1.3 both your Bonus$aver account and your Bonus$aver card account must be valid and in good standing; and
2.1.4 you must have completed transaction(s) in at least one of the following categories from A to D (each a Bonus$aver category):
A. Card Spend
22.214.171.124 you must successfully charge a minimum sum of S$500 in any calendar month on qualifying retail transactions to a Bonus$aver card. To earn a higher bonus interest rate, you may also choose to charge a minimum of S$2,000 in any calendar month on qualifying retail transactions to a Bonus$aver card. Qualifying retail transactions charged to the Bonus$aver card by a supplementary cardholder will be aggregated and consolidated under the principal cardholder’s Bonus$aver account.
In determining whether you have fulfilled the Bonus$aver category of minimum card spend in a particular calendar month, we will add up the amounts of all qualifying retail transactions charged to your Bonus$aver card in that calendar month based on transaction posting date(s). We may change the minimum card spend at any time with prior notice,
For the avoidance of doubt, the following transactions are not qualifying retail transactions and will not be taken into consideration:
i. transactions arising from the use of your linked Bonus$aver cards as an ATM card at an ATM or at an EFTPOS or NETS terminal;
ii. balance transfers to your Bonus$aver card;
iii. EasyPay monthly instalments;
vi. online bill payments;
v. income tax payments;
vi. payments to loans or credit facilities or deposit accounts;
vii. payments to the Immigration and Checkpoints Authority, Ministry of Manpower and Land Transport Authority;
viii. EZ-link card transactions and other transit link transactions;
ix. top-ups of any stored value facility;
x. AXS payments;
xi. any fees and charges (including annual fees, interest charges, cheque processing fees, administrative fees, cash advance fees, finance charges and/or late payment charges and other miscellaneous fees and charges) charged to your linked Bonus$aver card;
xii. any amount charged to your linked Bonus$aver card in that calendar month that is subsequently cancelled, voided or reversed;
xiii. balance owing on your linked Bonus$aver card from previous or other months; and
xiv. any other amount charged to your linked Bonus$aver card as we may determine from time to time.
B. Salary Credit
126.96.36.199 you must successfully apply for and make arrangements for the regular inward crediting of your monthly salary of no less than S$3,000 nett by your employer into the Bonus$aver account through direct payment via GIRO.
C. Bill Payment
188.8.131.52 you must successfully complete a minimum of three (3) eligible bill payments (each of a minimum amount of S$50) in a calendar month from your Bonus$aver account via our Online Banking platform or GIRO.
184.108.40.206 you must successfully purchase, through us, either an eligible insurance policy or an eligible unit trust, and you must not have terminated that eligible insurance policy or eligible unit trust within 12 months from the date of commencement of the policy/settlement date (as the case may be).
If the subscription for the eligible unit trust is placed through a joint account or the eligible insurance policy has more than one policy holder, only the primary account holder or policyholder (as the case may be) will be entitled to bonus interest.
If the investment is denominated in a foreign currency, we will convert the value of such investment into Singapore dollars at our prevailing currency exchange rate in order to determine if it meets the minimum premium or investment amount.
2.2 If you do not comply with the Bonus$aver requirement for any calendar month, you will not receive bonus interest on the average daily balance in your linked Bonus$aver account for that calendar month.
2.3 We reserve the right to cancel or suspend payment of bonus interest and to claw back the value of any bonus interest paid in the event that any of the foregoing conditions is not met at any time during the minimum qualifying periods specified above