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Wealth $aver-i Account
  1. Deposits
  2. Wealth $aver-i Account

Up to 5.00% p.a. on your deposits with Wealth $aver-i Account

Exclusively for Priority Banking clients

Flexibility

No lock-in

period

Put your savings into high gear with a Wealth $aver-i Account

  • Enjoy attractive returns of up to
    2.20% p.a.

    on your Wealth $aver-i Account (MYR currency only)

  • + top up fresh funds and enjoy
    2.08% p.a.

    on your eligible Incremental Average Balance (IAB). Capped at RM1million in MYR only

  • + invest in Eligible Wealth Purchase and enjoy
    0.72% p.a.

    on your eligible Incremental Average Balance (IAB). Capped at RM1million in MYR only

Let's get in touch

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Access exclusive benefits with your Wealth $aver-i Account

Higher returns without any lock-in period

Boost your returns based on your Asset Under Management (AUM) with the bank

Transact with up to
12 currencies

Save time and effort by seamlessly managing all your local and foreign currency transactions in a single account

Zero fees when you send money abroad

SC Remit enables you to send money overseas at your convenience from the SC Mobile app with zero fees

Competitive foreign exchange (FX) rates

Maximise exchange rates to your advantage with real-time FX conversions via LiveFX

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The total rate for Wealth $aver-i Account is as below.

AUM Tier (MYR Equivalent)
Total Rate (p.a.)
Below 350,000 0.05%
350,000 to below 1.5 million 2.00%*
1.5 million & above 2.20%*
*Profit rate of 0.05% will be credited monthly by the last day of the month. The remaining profit and hibah (if any) will be credited by end of following month.

Expand your wealth internationally with Priority Banking

With our strong presence in the world’s most dynamic markets combined with our local expertise, you can count on us to achieve your financial goals with ease.
Begin your Priority Banking journey with us today and enjoy a host of exclusive benefits.

Global wealth solutions

Access global expertise, market insights, and a dedicated Relationship Manager, supported by a team of wealth specialists

Digital capabilities

Equip your wealth journey with digital solutions available 24/7 on your mobile

My international banking service tile

Save with zero-fee currency conversions, ATM withdrawals and overseas remittance

My exclusive privileges tile

Enjoy complimentary airport lounge access, travel privileges, discounts and cashback on dining

Stand a chance to win a trip to Liverpool, United Kingdom
Stand a chance to win a trip to Liverpool, United Kingdom

You could be the winner with tickets to watch Liverpool FC play live at Anfield Stadium

Wealth $aver-i account is a Savings Account that offers attractive returns based on your Asset Under Management (AUM) with the Bank as well as better rewards if you are a Priority Banking client. The underlying Shariah contract for Wealth $aver-i account is “Tawarruq”.

Note: “Tawarruq” refers to an arrangement that involves sale of an asset to the purchaser on a deferred basis and subsequent sale of the asset to a third party on a cash basis to obtain cash. It involves the buy and sale of a commodity which is done on the same day to facilitate acquisition of cash by either the Bank (for deposit) or clients (for financing).

The Wealth $aver-i account is a Savings Account that has wide-ranging benefits that include:

  • Attractive returns based on your Asset Under Management (AUM) with the Bank; no lock-in, no transaction requirements with full flexibility.
  • Enjoy fee waivers for withdrawals at all local ATM Network when you deposit a minimum of RM10,000 monthly in a single transaction (fresh funds) or maintain Average Monthly Balance of RM20,000 in your Wealth $aver-i account.
  • Transfer funds easily and without fees via Standard Chartered ATMs nationwide and Interbank GIRO (online banking and SC Mobile app).
  • Transfer and save in up to 12 currencies all in one account anytime, anywhere.
  • Wealth $aver-i account is protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to RM250,000 for each depositor.

We will be taking the end of month Assets Under Management (AUM*) position to determine the total rate tier assigned to your account each month.

You will earn total rate on the average daily balance of your Malaysian Ringgit denominated balances only. You will not earn total rate or return on your foreign currency denominated balances.

*AUM is defined as total market value of all the client’s financial assets including deposits (current, savings, and fixed deposit/term deposit-i accounts) and/or investments/wealth assets including Bancassurance/ Bancatakaful annual premium/contribution held by the Primary account holder.

You can sign up for Wealth $aver-i account via Online Banking, SC Mobile app or at any Standard Chartered Bank Malaysia Berhad or Standard Chartered Saadiq Berhad branches nationwide.

You must be 18 years old and above at the time you apply for the product.

Eligibility & Documents

Malaysian/Permanent Resident

  • Identification Document

    NRIC

  • Age Requirement

    Individuals who are 18 years old and above

Foreigners

  • Please prepare the following: Identification Document

    Valid Passport (with at least 6 months’ validity)

  • Proof of Employment/Study (Any ONE of the following documents)
    • Employment Pass/Work permit
    • Student Pass
  • Proof of residential address (Any ONE of the following documents)
    • Latest utility/mobile/internet subscription bill
    • Driving License
    • Latest bank/credit card statement
    • Rental agreement showing your address
    • Letter from employer stating current address
    • Government-issued document stating current address

Service and Charges
Refer here for all relevant fees and charges
Minimum deposit to open account
Nil
Early Account Closure (within 3 months)
RM20
Paper statement fee
RM2

1. Campaign period is valid from 1 October 2024 to 31 December 2024.

2. Wealth $aver Campaign is open to New-to-Priority clients and Selected Existing clients (Eligible Clients). Eligible clients must meet the following conditions to participate:

  • Joins and maintain Priority Banking relationship with the Bank
  • Maintain a minimum Asset Under Management (AUM) of RM350,000. AUM is defined as total market value of all the client’s financial assets including deposits (conventional or Islamic current, savings, and fixed deposit/term deposit-i accounts) and/or investments/wealth assets including Bancassurance/ Bancatakaful annual premium/contribution equivalent as the primary account holder.
  • Deposit and maintain a minimum of RM100,000 Eligible Incremental Average Balance (Eligible IAB) on Client-Level Deposit Balance and Eligible CASA-i Account

3. Existing clients are required to perform one time registration via SMS by typing “SA” to 66399 to participate this Campaign.

4. Eligible Savings Account refers to Wealth $aver-i Account.

5. Wealth $aver Special Rate is determined based on the AUM for each month. The pay-out will be calculated based on Eligible IAB. The Eligible IAB tracked will be from either Client-Level Deposits IAB or Account IAB (MYR only), whichever is lower during the Campaign Period.
Client AUM Wealth $aver Special Rate (p.a.)
Fresh Funds with
Wealth Purchase		 Fresh Funds only
RM 1,500,000 and above 5.00% 4.28%
RM 350,000 to RM 1,499,999 4.80% 4.08%

6. The minimum Eligible IAB for Wealth $aver Special Rate is RM100,000 and the maximum is capped at RM1,000,000 per Eligible Client.

7. Eligible Wealth Purchase is defined as Eligible Client who purchase a minimum RM200,000 of:

  • Unit Trust/Islamic Unit Trust with a minimum sales charge of 2%; or
  • Retail Bond/Sukuk with a minimum sales charge of 2%; or
  • Structured Investment is only offered by Standard Chartered Bank Malaysia Berhad and with a minimum sales charge of 1.5

8. For full terms and conditions, click here

PIDM  Perbankan Islam

*Only deposits are protected by PIDM up to RM250,000 for each depositor.

*  Click here for PIDM’s DIS Brochure