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Bonus$aver Wealth Promotion

Insure

Purchase Eligible Insurance Policy(ies) with a total minimal annual premium of S$30,000 to earn additional 0.90% p.a. Promotional Bonus Interest on the first S$200,000 balance in your
Bonus$aver Account:

Criteria Purchase Eligible Insurance Policy(ies) (defined below)
Minimum Premium S$30,000

S$30,000 minimum total annual premium equivalent for Eligible Insurance Policy(ies)

Promotional Bonus Interest Rate 0.90% p.a. on the first S$200,000
Bonus Interest Crediting Month For purchase of Eligible Insurance Policy: One month after purchase of policy. Promotional Bonus Interest for each of the 12 months will be credited in the following month.
Bonus Interest Payment period Bonus Interest will be paid for a consecutive period of 12 months from the calendar month during which the Eligible Insurance Policy(ies) were purchased and issued

Eligible Insurance Policy(ies) 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;
  • are successfully purchased and insured through us within a calendar month with a minimum total annual premium of S$30,000;

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.

Terms and Conditions

  • Bonus$aver Product Terms
    – For full Bonus$aver product Terms and Conditions, click here
  • Bonus$aver Wealth Promotion Terms & Conditions
    – This Bonus$aver Wealth Promotion (“Promotion”) is available from 1 July 2021 to 30 September 2021, both dates inclusive (“Promotion Period”). Terms and Conditions 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.