What are the benefits of Wealth $aver deposit account?

The Wealth $aver deposit account has wide ranging benefits that include: High interest rate of up to 5% p.a. for the first 6 months on the first S$1,000,000 deposit balance, with no minimum lock in period. Unlimited 1% cashback benefit on both local + foreign currency Wealth $aver debit card spend with no minimum spending and cashback cap. S$0 overseas transaction fee on foreign currency spend. Access up to 14 currencies in 1 single account. Convert at attractive FX rates. Gain access to a full suite of wealth expertise. Complimentary HoteluxElite membership (worth US$129). Savings up to 16% off fuel. As Wealth $aver is for exclusively for Priority Banking clients, receive up to S$19k cash benefit (when you join Priority Banking).

Who is eligible for a Wealth $aver deposit account?

The Wealth $aver deposit account is exclusively for Standard Chartered’s Priority Banking or Priority Private clients who are at least 18 years old. You can become a Priority Banking client with us by opening a Wealth $aver deposit account and deposit a minimum of S$200,000 fresh funds.

What is the interest rate on Wealth $aver deposit account?

Earn a high interest rate of up to 5% p.a. for the first 6 months on the first S$500,000 deposit balance, with no minimum lock in period. For all amounts exceeding S$1,000,000 or if all relevant criteria are not met, the applicable interest rate is 0.05% p.a.

When will I receive my interest?

Interest will be credited to your Wealth $aver deposit account monthly by the last day of the following month, or at other regular intervals determined by Standard Chartered.

How is the monthly interest calculated for Wealth $aver deposit account?

If you are a Priority Banking or Priority Private client at the point of interest computation, we will be taking the average Assets Under Management (AUM*) for the month to determine the interest rate assigned to your account each month. All deposit balances above S$1,000,000 will earn 0.05% p.a. You will earn interest on the average daily balance for your Singapore Dollar denominated balances only. You will not earn interest on your foreign currency denominated balances. *AUM is defined as the sum of your: Total Deposits placed with the bank including Time Deposits. Total value of eligible investment products with the bank, and Total premiums paid to date on eligible in-force insurance products purchased through the bank.

Is there a maximum amount of Promotional Bonus Interest that I can receive under the Wealth Booster Promotion?

Yes. The average daily balance (ADB) eligible for the Promotional Bonus Interest is subject to a cap of S$1,000,000.

Could I qualify for the Wealth Booster Promotion if I open a Wealth $aver deposit account after the subscription of Eligible Investments Products or purchase of Eligible Insurance Policy(ies)?

Unfortunately, you will need to have a Wealth $aver deposit account opened before the subscription of Eligible Investment Products or purchase of Eligible Insurance Policy(ies) to qualify for the Promotional Bonus Interest.

Wealth $aver: Priority Banking Deposit Account with up to 6% p.a.

Q: What are considered Eligible Investments Products under the Wealth Booster Promotion?

The following are considered as Eligible Investments Products: Eligible Unit Trust – a unit trust distributed by us but does not include (a) exchange traded funds; and (b) switching transactions. Eligible Bonds – successful subscription of bonds issued and/or distributed by the Bank. Eligible Structured Notes – successful subscription of structured notes issued and/or distributed by the Bank, excluding Premium Currency Investments and Commodity Linked Structured Investment. The aggregate subscription for all Eligible Investment Products purchased through us within a calendar month during the Promotion Period must be at least S$200,000* (or its equivalent in another currency). *Note: For Non-Accredited Investors (AI), eligible Bonds/Structured Notes will be subjected to minimum investment amount.

Q: What are considered Eligible Insurance Policy(ies) under the Wealth Booster Promotion?

Regular or single premium life insurance policy(ies) underwritten by Prudential Assurance Company Singapore (Pte) Limited (with the exception of PRUShield and single premium life insurance policy purchased using SRS funds) which names the Wealth $aver accountholder as the policy holder and where the aggregated annualized premium(s) payable for all Eligible Insurance Policy(ies) purchased through us within a calendar month during the Promotion Period must be at least S$20,000 (or its equivalent in another currency).

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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.

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Wealth $aver Account

Exclusively for Priority Banking clients only.

Get up to

6.00% p.a.

on your first S$1mil deposit balance

Plus

1% Cashback

on your Debit Card spend

Receive up to

$19,000

welcome gifts when you join Priority Banking+

Apply Now Apply Now

Get your savings up to speed with a Wealth $aver deposit account

Up to

2.50% p.a. Based on your Asset under Management (AUM) which includes total deposit balance, investment and insurance with the bank.

Priority Banking Relationship-based interest rate
Up to

2.50% p.a. The Wealth Booster promotion can earn you a bonus interest of up to 2.50% p.a. for 6 months. Invest a minimum S$200K or insure a minimum S$20K in one of the eligible products within a calendar month (T&Cs apply).

bonus interest when you insure and invest
Top Up Promo

1.00% p.a. For a limited time only, the Top Up promotion can earn you additional Bonus Interest for 3 months when you Top Up fresh funds of min S$200K. T&Cs apply

bonus interest on incremental fresh funds

Calculate your Relationship-based interest and Wealth Booster interest earning

Enter your estimated Average Daily Balance:

Priority Banking Relationship-based interest rate More information

Wealth $aver Account interest Rate

The interest rate for your Wealth $aver account balances denominated in Singapore Dollar is determined your total assets managed by the Bank, which is known as Assets Under Management (AUM)

AUM is defined as the sum of your:

Total Deposits placed with the bank, including Time Deposits,

Total value of eligible investment products with the bank, and

Total premiums paid to date on eligible in-force insurance products purchased through the bank.

The following interest rate will apply if your relationship status is Priority Banking and above based on your corresponding AUM threshold for each month:

Asset Under Management “AUM” (SGD) Wealth $aver Account Balance in SGD Interest rate (p.a.)

< S$200,000 > S$0 0.05%

S$200,000 to < S$1,500,000 First $1,000,000 1.50%

Balances above S$1,000,000 0.05%

≥S$1,500,000 First $1,000,000 2.50%

Balances above S$1,000,000 0.05%

Important Notes:

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. It may take up to 7 working days to process your Priority Banking or Priority Private sign up request after fulfilling the eligibility criteria.

You will also not earn interest your foreign currency denominated balances.

Asset Under Management “AUM” (SGD)	Wealth $aver Account Balance in SGD	Interest rate (p.a.)
< S$200,000	> S$0	0.05%
S$200,000 to < S$1,500,000	First $1,000,000	1.50%
Balances above S$1,000,000	0.05%
≥S$1,500,000	First $1,000,000	2.50%
Balances above S$1,000,000	0.05%

Select the Assets Under Management (AUM) tier that you have with us. AUM includes total deposit balance, investment and insurance with the bank.

< S$200k S$200k to < S$1.5m ≥S$1.5m

Your Priority Banking Relationship-based interest rate

2.50%

p.a. interest

Wealth Booster Promotion More information

Wealth Booster Promotion (Valid till 30 Nov’24)

Here’s how to unlock additional Bonus Interest:

Wealth Promotion Requirements Promotional Bonus Interest Rate Promotional Bonus Interest Period Promotional Bonus Interest Crediting Month

Insure

Purchase, through us, and be issued Eligible Insurance Policy(ies) with a Total Annual Premium of at least S$20,000 within a calendar month during the Promotion Period

OR

Invest

Subscribe through us within a calendar month during the Promotion Period, and settle trade(s), for Eligible Unit Trust(s), Bonds and Structured Notes with a Total Subscription Amount of at least S$200,000
New-to-deposits clients^ – 2.50% for 6 months

Existing-deposits clients – 1.00% for 6 months
6 months starting from the month of (as the case may be):

Inception of the Eligible Insurance Policy(ies)

OR

Investment subscription month

(E.g. if the Eligible Insurance Policy(ies) is/ are incepted or if the subscription(s) of the Eligible Unit Trust(s) is in Aug’24, you will earn Promotional Bonus Interest on your ADB from Aug’24 to Jan’25)

1 month after the calendar month eligible for Promotional Bonus Interest

(E.g. if you are eligible for Promotional Bonus Interest in Aug’24, such Promotional Bonus Interest for Aug’24 will only be credited in Sep’24)

^To qualify as a New-to-Deposits under Wealth Booster Promotion, you must:

apply for the Wealth $aver account for the first time during the Promotion Period (1 Aug’24 to 30 Nov’24)

do not hold an existing Standard Chartered current/cheque account(s) and/or savings account(s) at the date of Wealth $aver account opening

the purchase of the new qualifying Insurance/Investment must be completed during the Wealth $aver account opening month or by the following one (1) calendar month.

What are considered Eligible Investments Products under the Wealth Booster Promotion?

The following are considered as Eligible Investments Products:

Eligible Unit Trust – a unit trust distributed by us but does not include (a) exchange traded funds; and (b) switching transactions.

Eligible Bonds – successful subscription of bonds issued and/or distributed by the Bank.

Eligible Structured Notes – successful subscription of structured notes issued and/or distributed by the Bank, excluding Premium Currency Investments and Commodity Linked Structured Investment.

What are considered Eligible Insurance Policy(ies) under the Wealth Booster Promotion?

Regular premium life insurance policy(ies)

single premium life insurance policy(ies)

underwritten by Prudential Assurance Company Singapore (Pte) Limited (with the exception of PRUShield and single premium life insurance policy purchased using SRS funds)

Wealth Promotion Requirements	Promotional Bonus Interest Rate	Promotional Bonus Interest Period	Promotional Bonus Interest Crediting Month
Insure Purchase, through us, and be issued Eligible Insurance Policy(ies) with a Total Annual Premium of at least S$20,000 within a calendar month during the Promotion Period OR Invest Subscribe through us within a calendar month during the Promotion Period, and settle trade(s), for Eligible Unit Trust(s), Bonds and Structured Notes with a Total Subscription Amount of at least S$200,000	New-to-deposits clients^ – 2.50% for 6 months Existing-deposits clients – 1.00% for 6 months	6 months starting from the month of (as the case may be): Inception of the Eligible Insurance Policy(ies) OR Investment subscription month (E.g. if the Eligible Insurance Policy(ies) is/ are incepted or if the subscription(s) of the Eligible Unit Trust(s) is in Aug’24, you will earn Promotional Bonus Interest on your ADB from Aug’24 to Jan’25)	1 month after the calendar month eligible for Promotional Bonus Interest (E.g. if you are eligible for Promotional Bonus Interest in Aug’24, such Promotional Bonus Interest for Aug’24 will only be credited in Sep’24)

Earn bonus interest for 6 months when you invest (min. S$200K) or insure (min. S$20K) in one of the eligible products within a calendar month.^
Valid till 30 Nov’24.

I am a New-To-Deposits client

Yes

I am keen to invest or insure in eligible products

Yes

Get up to 2.50% p.a. bonus interest with more than S$200k Asset Under Management.

Your bonus interest rate

2.50%*

p.a. interest

Your estimated interest for 6 months

S$@% p.a. interest

Apply Now Apply Now

Your Estimated Annual Interest

S$@% p.a.

Apply Now Apply Now

*T&Cs apply. Indicated interest rates shall only be applicable to the 1st S$1,000,000 in the Account when corresponding AUM threshold is met and you have a Priority Banking or Priority Private relationship with us. For all amounts exceeding S$1,000,000 or if you do not meet all relevant criteria, your applicable interest rate shall be 0.05% p.a. Please note that it may take up to 7 working days to process your Priority Banking or Priority Private sign up request after fulfilling the eligibility criteria

Enjoy exclusive benefits with your Wealth $aver deposit account

Earn unlimited 1% cashback

Earn unlimited 1% cashback with local and foreign spends on your Wealth $aver debit card. No minimum spends, no cap on your cashback.

Enjoy S$0 overseas transaction fee on your foreign currency spend

Access up to 14 currencies in one single account and convert at attractive FX rates.

Lifestyle benefits

Enjoy a wide range of benefits and savings. Get up to 16% off fuel, a complimentary HoteLux Elite membership (worth US$129) and more.

Dedicated Relationship Management team

Enjoy a dedicated relationship management team assigned to you for all your banking needs.

Manage Your Investment with Digital Wealth Solutions

Gain access to the smart investment tools to manage your investment conveniently and holistically to help keep your financial goals on track

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Start a Priority Banking Relationship with us and receive welcome gifts of up to S$19,000 in value⁺

For wealth ambitions beyond borders

Wealth Solutions

Experience our full suite of Wealth Solutions to help you keep your financial goals on track.

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Access expert and timely financial advice from our Chief Investment Office (CIO).

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Effect positive change while achieving your financial objectives.

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Wealth $aver Account

Get your savings up to speed with a Wealth $aver deposit account

Calculate your Relationship-based interest and Wealth Booster interest earning

Enter your estimated Average Daily Balance:

Benefits and Promotion

Get unlimited 1% Cashback

Top Up Promotion – Earn additional 1% p.a. for 3 months on incremental balance