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Important Information

Revision of Wealth $aver Account Interest Rates effective 1 August 2023

We will be revising your Wealth $aver Account interest rates from 1 August 2023. The Wealth $aver Product Terms and Conditions will also be updated accordingly.

Please refer to the table below for a summary of changes.

ASSETS UNDER MANAGEMENT “AUM” (SGD) WEALTH $AVER ACCOUNT BALANCE IN SGD INTEREST RATE (P.A.)

(BEFORE 1 August 2023)

 

 INTEREST RATE (P.A.)

(EFFECTIVE 1 August 2023)

 
< S$200,000 > S$0 0.05% 0.05%
S$200,000 to <S$1,500,000 First $500,000

Balances above S$500,000

 2.00%

0.05%

 1.50%

0.05%
≥S$1,500,000 First $500,000

Balances above S$500,000

 3.50%

0.05%

 3.00%

0.05%

 

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 August 2023.