Revision of Bonus$aver Account and Wealth $aver Account Interest Rates effective 1 January 2025

With effect from 1 January 2025 (inclusive), please note that there will be revisions made to the interest rates for the accounts below:

Bonus$aver
Wealth $aver

The following products’ Terms and Conditions will also be updated accordingly:

Bonus$aver Product Terms
Wealth $aver Product Terms

1) Updates to Bonus$aver Account

The Terms will be updated to reflect changes in the bonus interest rates. Please refer to the table below for a summary of changes.

	PREVAILING (BEFORE 1 JANUARY 2025) BONUS INTREST RATE ON YOUR FIRST S$100,000 ELIGIBLE DEPOSIT BALANCE	NEW (WITH EFFECT FROM 1 JANUARY 2025) BONUS INTREST RATE ON YOUR FIRST S$100,000 ELIGIBLE DEPOSIT BALANCE
Card Spend	Up to 1.40% p.a. (minimum eligible spend of S$2,000 monthly) Up to 0.60% p.a. (minimum eligible spend of S$500 monthly)	1.00% p.a. (minimum eligible spend of S$1,000 monthly)
Salary Credit	2.00% p.a. (Regular inward credit through GIRO only)	1.00% p.a. (Regular inward credit through GIRO, PayNow or FAST)
Bill Payment	0.23% p.a.	Not Applicable
Invest	2.00% p,a. (Bonus Interest paid for a consecutive period of 12 months)	2.00% p,a. (Bonus Interest paid for a consecutive period of 6 months)
Insure	2.00% p,a. (Bonus Interest paid for a consecutive period of 12 months)	2.00% p,a. (Bonus Interest paid for a consecutive period of 6 months)
Prevailing Interest Rate	0.05% p.a.	0.05% p.a.
Total Bonus Interest paid on your eligible deposit balance (Inclusive of Prevailing Interest Rate)	7.68% p.a.	6.05% p.a.

Please refer to Clause 4.4 in the updated Terms for the relevant changes. If you wish to obtain a copy of the new Terms, go to www.sc.com/sg/bonussaver-tnc from 1 January 2025.

2) Updates to Wealth $aver Account

The Terms will be updated to reflect changes in the bonus interest rates. Please refer to the table below for a summary of changes.

ASSETS UNDER MANAGEMENT (ASU) DEPOSITS + INVESTMENT + INSURANCE	INTEREST RATE (P.A.) oN YOUR WEALTH SAVER ACCOUNT BALANCE (BEFORE 1 JANUARY 2025)	INTEREST RATE (P.A.) oN YOUR WEALTH SAVER ACCOUNT BALANCE (WITH EFFECT FROM 1 JANUARY 2025)
< S$200,000	0.05% p.a.	0.05% p.a.
S$200,000 to < S$1.5 million	1.50% p.a.*	1.25% p.a.*
≥ S$1.5 million	2.50% p.a.*	2.25% p.a.*

ASSETS UNDER MANAGEMENT (ASU)

DEPOSITS + INVESTMENT + INSURANCE

INTEREST RATE (P.A.)

oN YOUR WEALTH SAVER ACCOUNT BALANCE (BEFORE 1 JANUARY 2025)

INTEREST RATE (P.A.)

oN YOUR WEALTH SAVER ACCOUNT BALANCE (WITH EFFECT FROM 1 JANUARY 2025)

< S$200,000

0.05% p.a.

S$200,000 to < S$1.5 million

1.50% p.a.*

1.25% p.a.*

≥ S$1.5 million

2.50% p.a.*

2.25% p.a.*

For clarity, you will only earn 0.05%p.a. on your Wealth $aver account balance if you are not a Priority Banking or Priority Private client. Note: it may take up to 7 working days to process your Priority Banking or Priority Private sign up request after fulfilling the eligibility criteria

Please refer to Clause 3.3 in the updated Terms for the relevant changes. If you wish to obtain a copy of the new Terms, go to www.sc.com/sg/wealth$aver from 1 January 2025 onwards

Deposit Insurance Scheme

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.