Bonus$aver Interest Calculator

Start earning high interest from your first dollar

Enter your estimated Average Daily Balance Average daily balance or ADB means the sum of end-of-day balances in an account for each day in that month divided by the number of days in that month.

S$
Salary Credit
More information

Salary Credit

Credit a minimum of S$3,000 monthly salary into your Bonus$aver Account and earn additional 2.00% p.a. bonus interest on the deposit balance in your Bonus$aver Account:

Criteria
Regular inward credit of your monthly salary of no less than S$3,000 nett into your Bonus$aver Account by your employer through GIRO with Purpose Code “SALA”
Minimum Ticket Size
S$3,000
Bonus Interest Rate on the first S$100,000
2.00% p.a
Bonus Interest Crediting Month
One month after salary is credited
Bonus Interest Payment period
Payable monthly upon fulfillment of criteria and minimum ticket size
Please refer to Bonus$aver Product Terms for the full T&Cs that apply.
Credit salary of at least S$3,000.

2.00%

Interest (p.a.) earned

2.00%

Card spend
More information

Your monthly Bonus$aver card spending

You will earn a prevailing interest rate of 0.05% p.a. on your entire deposit balance. In addition, you will earn bonus interest on the first S$100,000 of your deposit balance if you meet the minimum card spend as follows:

Criteria
Charge the Minimum Card Spend on eligible transactions to your Bonus$aver Cards
Minimum Card Spend
S$500
or equivalent in foreign currency of eligible Card Spend per calendar month based on transaction posting date
Bonus Interest Rate on the first S$100,000
0.6% p.a.
Total Interest Earned for Spend
(*inclusive of prevailing interest rate)
0.65% p.a.
Minimum Card Spend
S$2,000
or equivalent in foreign currency of eligible Card Spend per calendar month based on transaction posting date
Bonus Interest Rate on the first S$100,000
1.40% p.a.
Total Interest Earned for Spend
(*inclusive of prevailing interest rate)
1.45% p.a.
Bonus Interest Crediting Month
One month after card spend transaction month e.g. for card spending in January, bonus interest will be paid in February based on January’s Average Daily Balance
Bonus Interest Payment period
Payable monthly upon fulfillment of criteria and Minimum Card Spend
Certain transactions on your Bonus$aver Cards will not be regarded as eligible transactions. Please refer to Bonus$aver Product Terms for full T&Cs and list of exclusions
Card spends of

1.40%

Interest (p.a.) earned

1.40%

(Inclusive of prevailing interest rate)

Bill Payment
More information

Bill Payment

Make 3 eligible bill payments of at least S$50 each (in a calendar month) from your Bonus$aver Account via GIRO or our Online Banking platform and earn additional 0.23% p.a. bonus interest on the deposit balance in your Bonus$aver Account:

Criteria
Minimum 3 eligible bill payments (in a calendar month) from your Bonus$aver Account via GIRO or our Online Banking platform
Minimum Ticket Size
S$50
per eligible bill payment
Bonus Interest Rate on the First S$100,000
0.23% p.a.
Bonus Interest Crediting Month
One month after eligible bill payment month
Bonus Interest Payment period
Payable monthly upon fulfillment of criteria and minimum ticket size
Please refer to Bonus$aver Product Terms for the full T&Cs that apply.
3 bill payments of at least S$50 each via GIRO or online banking.

0.23%

Interest (p.a.) earned

0.23%

Insure
More information

Insure

Purchase an Eligible Insurance Policy with a minimal annual premium of S$12,000 to earn additional 2.00% p.a. bonus interest on the deposit balance in your Bonus$aver Account:

Criteria
Purchase an Eligible Insurance Policy (defined below)
Minimum Premium
S$12,000
S$12,000 annual premium for an Eligible Insurance Policy
Bonus Interest Rate on the first S$100,000
2.00% p.a
Bonus Interest Crediting Month
For purchase of Eligible Insurance Policy: One month after purchase of policy
Bonus Interest Payment period
Bonus Interest will be paid for a consecutive period of 12 months.

Eligible Insurance Policy 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;
  • has a minimum annual premium of S$12,000;

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.

Purchase an eligible Insurance Policy with minimum annual premium of S$12,000.

2.00%

Interest (p.a.) earned

2.00%

Invest
More information

Invest

Invest through us in an Eligible Unit Trust with a minimum subscription sum of S$30,000, to earn additional 2.00% p.a. bonus interest on the deposit balance in your Bonus$aver Account:

Criteria
Purchase an Eligible Unit Trust (defined below)
Minimum Ticket Size
S$30,000
S$30,000 minimum subscription sum for an Eligible Unit Trust
Bonus Interest Rate on the first S$100,000
2.00% p.a
Bonus Interest Crediting Month
For investment in Eligible Unit Trust: One month after investment settlement month
Bonus Interest Payment period
Bonus Interest will be paid for a consecutive period of 12 months.

Eligible Unit Trust means a Unit Trust made available through the Bank and which comprises (i) a minimum investment sum of S$30,000 (or its equivalent in another currency) in a single subscription, but does not include:

  • exchange traded funds;
  • investments via regular savings plans; and
  • switching transactions.

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.

Invest in an eligible Unit Trust of at least S$30,000.

2.00%

Interest (p.a.) earned

2.00%

Note: You will earn a prevailing interest rate of 0.05% p.a. on your entire deposit balance.

Estimated annual interest2 of

S$ 7,680  @  7.68 % p.a.

  • Apply Now Apply Now

    Instant Account Opening with MyInfo

    I want to apply for a Bonus$aver account only

    I want to apply for a Bonus$aver account and Bonus$aver World Mastercard Credit Card

    Note: To qualify for the Bonus$aver Sign-up Promotion, you must apply for a Bonus$aver World Mastercard Credit Card. Visit here for the full Bonus$aver Sign-up Promotion Terms and Conditions that apply.

Promotions

Make the most of our time limited offers

Get Apple AirPods 4 with Active Noise Cancellation(worth S$249) and S$100 cashback3 with Bonus$aver!

Sign up for a Bonus$aver Account and a Bonus$aver World Mastercard Credit Card now, and get:

a) Apple AirPods 4 with Active Noise Cancellation (worth S$249) when you deposit and maintain S$50,000 in fresh funds upon account opening; OR

b) S$50 cashback when you deposit and maintain S$20,000 in fresh funds upon account opening,

PLUS

S$100 cashback when you credit your salary within the first 2 months of account opening

Offer valid from 1 November to 31 December 2024.  Terms and Conditions apply.

Refer and enjoy up to S$130 cashback!

Refer a friend and get rewarded with up to S$130 cashback for you and more than S$400 worth of rewards for your friend. T&Cs apply.

Other attractive Bonus$aver features

High interest rate

Enjoy high interest of up to 7.68% p.a. when you spend, credit salary, invest, insure and/or pay bills through the account.

foreign-currency

Multi-currency features

Transact in up to 14 currencies from your account, convert at competitive FX exchange rates and enjoy S$0 fees for overseas transactions.

Find Out More
funds

Money Lock

Protect your funds from scams and unauthorised transfers or withdrawals with our new anti-scam security feature.

Find Out More
gift

Lifestyle Privileges

Enjoy The Good Life® privileges with your Bonus$aver World Mastercard Credit Card or Debit Card.

Find Out More

Before you open a Bonus$aver Account

Application Eligibility

Age requirement:
  • For clients applying for Bonus$aver account and Bonus$aver Debit Card: Minimum 18 years old
  • For clients applying for Bonus$aver account and Bonus$aver Credit Card: 21 to 65 years old

For Existing Standard Chartered Credit Cardholders

  • No documents are required.
  • However, if there has been a recent change to your income, please submit your updated documents for review during the application process.

For New Customers or Existing Customers with Change(s) in Income/Employment

For SingPass holders applying with MyInfo

myinfo-logo
No documents are required

For Salaried Employees/Partial Commission-based Earners
  • Copy of NRIC (front and back)
    (i) Latest computerised payslip OR
    (ii) Latest 6 months’ CPF Contribution History Statement

    To be considered for a higher loan amount, please submit your latest Income Tax Notice of Assessment (NOA) in addition to the above.

For 100% Commission-based Earners
  • Copy of NRIC (front and back)

(i) Latest Income Tax Notice of Assessment (NOA) OR

(ii) Latest 3 months of Commission Statement from same employer

For Self-employed
  • Copy of NRIC (front and back)
  • Latest Income Tax Notice of Assessment (NOA)

Application Eligibility

Age requirement:
  • For clients applying for Bonus$aver account and Bonus$aver Debit Card: Minimum 18 years old
  • For clients applying for Bonus$aver account and Bonus$aver Credit Card: 21 to 65 years old

For Existing Standard Chartered Credit Cardholders

No documents are required.

However, if there has been a recent change to your income, please submit your updated documents for review during the application process.

For New Customers or Existing Customers with Change(s) in Income/Employment

For SingPass holders applying with MyInfo

myinfo-logo

Please prepare the following:
  • Copy of Passport (with at least 6 months’ validity)
  • Copy of your Employment Pass
  • Any ONE of the following documents:
    (i) Latest utility bill, rates or tax bill
    (ii) Latest bank / credit card statement (e-Statements are accepted)
    (iii) Rental agreement showing your address
    (iv) Latest mobile phone statement or pay-TV statement
    (v) Letter from employer stating current address
    (vi) Government-issued document stating current address (e.g. IRAS, CPF, ICA)
Additional Documents:
For Salaried Employees/Partial Commission-based Earners
  • Latest computerised payslip

    To be considered for a higher loan amount, please submit your latest Income Tax Notice of Assessment (NOA) in addition to the above.

For 100% Commission-based Earners
  • Copy of NRIC (front and back)
    (i) Latest Income Tax Notice of Assessment (NOA) OR
    (ii) Latest 3 months of Commission Statement from same employer
For Self-employed
  • Latest Income Tax Notice of Assessment (NOA)

Services & Charges

Fall-below fee (per month)
S$5

Note: Chargeable if the minimum average daily balance falls below S$3,000 in any particular month.

Monthly service charge
Nil
Unarranged overdraft
Prime +5%, minimum S$5
Credit card annual fee (Including GST)
S$218 (Free for first 2 years)
Debit card annual fee (Including GST)
S$20
Cheque book charges
S$10 for each cheque book requested
Early Account Closure (within 6 months)
S$30
Refer here for all the relevant fees and charges

FAQ for Account Information

You can earn up to 7.68% p.a. interest on your first S$100,000 Average Daily Balance in your Bonus$aver Account.

You will receive two types of interest on your account every month:

  1. Prevailing interest at 0.05% p.a. interest
  2. Bonus interest is earned on the first S$100,000 of your account average daily balance when you perform these transaction(s):
    • Earn 2.00% p.a. for crediting your salary of at least S$3,000 through your employer via GIRO and/or
    • Earn 1.40% p.a. for spending at least S$2,000 in eligible transactions on your Bonus$aver World Mastercard Credit Card/ Debit Card, or earn 0.60% p.a. for spending at least S$500 in eligible transactions on your Bonus$aver World Mastercard Credit Card/ Debit Card and/or
    • Earn 2.00% p.a. for 12 months when you purchase a new eligible Unit Trust investment and/or
    • Earn 2.00% p.a. for 12 months when you purchase a regular premium insurance policy and/or
    • Earn 0.23% p.a. for paying any 3 unique bills online or through GIRO.

Applicants must be 18 years and above to be eligible. For joint account applicants, both parties must be 18 years and above.

Yes, you can transact in up to 14 currencies with your Bonus$aver Account by enabling the multi-currency feature.

Step 1: Log on to Standard Chartered Online Banking or SC Mobile
Step 2: Click on a currency tile under Bonus$aver
Step 3: Choose the currency and complete the transfer
Find out how to send money online to your loved ones at a $0 transfer fee.

FAQ for Account Opening

You can open a Bonus$aver account instantly online by applying through MyInfo OR Online Banking.

If you are a new customer:
Step 1: Select ‘Apply now’
Step 2: Pre-fill your application via SingPass (MyInfo)
Step 3: Verify your details and submit your application
Step 4: Your account will be opened instantly

If you are an existing customer and have access to Online Banking:

Step 1: Log in to Online Banking or SC Mobile
Step 2: Select Apply / Apply for product and search for Bonus$aver
Step 3: Select ‘Apply now’
Step 4: Verify your details and submit your application
Step 5: Your account will be opened instantly

There is zero cost to open a Bonus$aver Account, but take note of the other types of fees for the Bonus$aver Account.

Refer to the Bonus$aver Key Account Charges section for more information.

You can have a maximum of 3 Bonus$aver Accounts at any one time (T&Cs apply).

Yes, foreigners can open a Bonus$aver Account, provided they meet the Bank’s requirements.

Do note that all bonus interest and transactions are in Singapore Dollars (SGD).

There is a multi-currency feature that allows you to hold balances in other currencies, but the bonus interest is only earned on SGD balances.

You can also choose to place your additional funds in our foreign currency time deposit account to earn interest.

FAQ for Joint Account

Clients can optimise their finances by using a joint Bonus$aver account as it allows them to combine incomes and transactions to easily meet the criteria for bonus interest.

By crediting both their salaries into the joint account, they increase the total credited amount, potentially qualifying for higher interest rates and boosting their overall savings. Additionally, by making at least three bill payments from the joint account, they can further maximise their bonus interest.

If you are using a joint investment account, note that only the primary account holder of the Bonus$aver account will be entitled to bonus interest.

FAQ for Salary Crediting

To qualify for the bonus interest on the Bonus$aver Account, you must have a regular inward credit of at least S$3,000 nett from your monthly salary through a GIRO application.

Additionally, the GIRO arrangement must be set up for Singapore Dollar denominated balances in your bank account. You will not receive interest for foreign currency deposited into the account.

Yes, salary crediting can be done through instant transfer, but it will not qualify for the bonus interest on the Bonus$aver Account.

To earn bonus interest on the Bonus$aver Account, you must have a regular inward credit of at least S$3,000 nett from your monthly salary through a GIRO application.

FAQ for Investment

To invest with your Bonus$aver Account, subscribe through us and settle a trade for an eligible Unit Trust with a minimum single subscription amount of S$30,000. Following that, you will be able to earn an additional 2.00% p.a. bonus interest on the deposit balance in your Bonus$aver Account.

When you invest in eligible Unit Trusts denominated in foreign currencies, the value of such investments will be converted into Singapore dollars at the bank’s prevailing currency exchange rate.

To qualify for bonus interest, the converted amount must meet the minimum single subscription amount required. The bank will determine the equivalent Singapore Dollar amount using exchange rates it reasonably considers appropriate.

Your account must be in good standing. Bonus interest is in addition to prevailing interest, and the total interest you can receive is a maximum of 7.68% p.a. Read more

The calculated interest is an estimate based on the assumption that your balance stays the same throughout the year and on the assumption that you satisfy the Bonus$aver Product Terms. Prevailing interest of 0.05% p.a. has been included in the calculation.

To qualify for the Sign-Up Gift and/or Cashback, (a) you must be new to Bonus$aver and apply for a Bonus$aver current/cheque account (“Bonus$aver Account”) as a main account holder and a Bonus$aver World Mastercard credit card as a principal card holder between 1 November – 31 December 2024 and your applications must be approved, and (b) you must deposit minimum fresh funds of S$50,000 or S$20,000 in your Bonus$aver Account at the time of account opening and maintain the sum until the end of the calendar month immediately after the calendar month in which your Bonus$aver Account is opened. If you satisfy the qualifying criteria, you will be eligible to receive the Apple AirPods 4 with Active Noise Cancellation (worth S$249) (Sign-Up Gift) or S$50 Sign-Up Cashback. “Fresh funds” means funds not originating from any existing account with the Bank and funds that are not withdrawn and re-deposited with the Bank within the last 30 days of opening of your Bonus$aver Account. To qualify for the S$100 Salary Crediting Cashback , you must credit a minimum of S$3,000 monthly salary into your Bonus$aver account within the first two months of opening your Bonus$aver Account through GIRO with Purpose Code “SALA” by your employer. For the avoidance of doubt, such GIRO arrangements for salary crediting must be made in respect of your Singapore Dollar denominated balances in your Bonus$aver account. Visit here for the full Bonus$aver Sign-up Promotion Terms and Conditions that apply.

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.

You might be interested in

Enjoy promotional 0.8% sales charge for Unit Trusts Invested Online

Compare and choose bank accounts that meet your needs

Join Priority Banking and enjoy up to S$13,000 cash reward

Save Up Level Up
Lucky Draw
Announcement

More financial insights

Casa b organic content article x mobile

3 Smart Ways to Grow Your Money

Learn how you can grow your money and combat the rising cost of living.

Your estimated annual interest2
Your estimated annual interest2
S$ 7,680 @  7.68 % p.a.

Disclaimer

This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/sg and entering a website operated by other parties:

Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.

The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

Thank you for visiting www.sc.com/sg

Proceed