Standard Chartered Bonus Saver

Standard Chartered Bonus Saver, 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 3.88% 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 or 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).

What are the benefits of Bonus$aver?

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 3.88% 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.

How is the interest calculated?

You can earn up to 3.88% p.a. interest on the first $100,000 Average Daily Balance in your Bonus$aver account.

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

Prevailing interest:

Deposit BalanceInterest Rate
Less than $200,0000.10% p.a.
$200,000 and above0.20% 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 up to 1.78% p.a. for spending at least S$2,000 in eligible transactions on your Bonus$aver Credit or Debit Card, or earn up to 0.78% p.a. for spending at least S$500 in eligible transactions on your Bonus$aver Credit or Debit Card and/or

Earn 1% p.a. for crediting your salary of at least S$3,000 through your employer via giro and/or

Earn 0.75% p.a. for 12 months when you purchase a new eligible unit trust investment or regular premium insurance product from SCB and/or

Earn 0.25% p.a. for paying any 3 unique bills online or through GIRO

On the months you do less of the above transactions, you will earn the relevant lesser bonus interest. You will receive this interest by the end of the following month.

For illustration purposes, the applicable bonus interest and prevailing interest on the deposit balance in a Bonus$aver account given the following average daily balance in the account and eligible bonus interest tiers in a calendar month are as follows:

MonthAverage daily balance (ADB) in Bonus$aver accountEligible bonus interest tiersInterest earned on the deposit balance (p.a.)
JulS$100,000Spent $2,000 on Bonus$aver Credit/Debit cardTotal interest of 1.88% on $100,000
AugS$30,000Spent $300 on Bonus$aver Credit/Debit cardPrevailing interest of 0.1% on $30,000#
SepS$100,000Credited salary of at least S$3,000Total interest of 1.35% on $100,000
Paid at least 3 eligible bills of 

Am I eligible for Bonus$aver?

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

Is there a maximum amount of bonus interest that I can receive?

Yes. The average daily balance eligible for bonus interest is subject to a cap of S$100,000 per Bonus$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).