Q1.  I have both individual and joint Bonus$aver accounts. Which account would qualify for Promotional Bonus Interest under this Promotion? Can both such accounts qualify for Promotional Bonus Interest under this Promotion?

You must be the primary holder of the individual or joint account for the account to qualify for Promotional Bonus Interest. In the event if you have two (2) or more eligible Bonus$aver accounts (of which you are the primary account holder), only the first of such active Bonus$aver accounts opened with us (with reference to the account opening dates) will be regarded as the Qualifying Account. Where two (2) or more Bonus$aver accounts were opened on the same day, the Bank will choose one of the Bonus$aver accounts in our sole discretion to be the Qualifying Account. This promotion is only applicable to customers who have received an invitation from the Bank to participate in this Promotion (via electronic direct mailer and/or push notification). Please refer to the terms and conditions enclosed for more information.

Q2.  How can I qualify to receive Promotional Bonus Interest?

To qualify to receive Promotional Bonus Interest under the Promotion, you must:

• successfully subscribe/purchase at least S$10,000 (or equivalent in foreign currencies) worth of Eligible Unit Trust(s) via SC Online Unit Trust platform and/or Eligible Share(s) via SC Online Trading platform within a calendar month of the Promotion Period, and settle the trade(s).

Q3.  When can I expect the Promotional Bonus Interest to be credited to my account? 

We will be crediting the Promotional Bonus Interest to your account one month after the settlement month for the Eligible Unit Trust(s) or Eligible Shares(s) (as the case may be).

As an illustration, if the subscription(s) of the Eligible Unit Trust(s) is/are subscribed in October 2023, the Promotional Bonus Interest for “Invest” Wealth Promotion Category will be paid in November 2023 based on October 2023 ADB in your Qualifying Account.

Please refer to the enclosed terms and conditions for the definitions of the capitalised terms used above.

Bonus$aver Exclusive Wealth Promotion Terms and Conditions

1. This Bonus$aver Exclusive Wealth Promotion (“Promotion“) is available from 01 October 2023 to 31 December 2023, both dates inclusive (“Promotion Period“), unless otherwise extended or terminated in accordance with the terms of this Promotion. By participating in this Promotion, you agree to be bound by these terms.

Eligibility

2. This Promotion is open to selected existing customers of Standard Chartered Bank (Singapore) Limited (“Standard Chartered”, “we” or the “Bank”), who have received an email and/or Push Notification from the Bank during the Promotion Period, notifying them of this Promotion and inviting them to participate in this Promotion, subject to these terms (such communication to be referred to as the “Invitation Notice”). For the avoidance of doubt, the Invitation Notice is non-transferable and only selected existing customers who have received the Invitation Notice from the Bank are eligible for this Promotion. To participate in this Promotion:
3. 1. you must either have an active Bonus$aver account(s) with the Bank or sign up for a new Bonus$aver account, of which you are the primary account holder. Such existing active Bonus$aver account of which you are the primary account holder shall be referred to as the “Qualifying Account”. An active Bonus$aver account refers to a Bonus$aver account with regular transactional activities including, but not limited to, deposits and withdrawals in the preceding six (6) months. In the event that you have two (2) or more eligible active Bonus$aver accounts (of which you are the primary account holder), only the first of such active Bonus$aver accounts opened with us (with reference to the account opening dates) will be regarded as the Qualifying Account. Where two (2) or more Bonus$aver accounts were opened on the same day, the Bank will choose one of the Bonus$aver accounts in our sole discretion to be the Qualifying Account;
   2. your Qualifying Account must be validly existing (i.e. must not be suspended, cancelled or terminated), in good standing, and conducted in a proper and satisfactory manner at all times, including the time of crediting of any Promotional Bonus Interest (as defined in Clause 3 below) to your Qualifying Account, as determined by the Bank in its sole and absolute discretion; and
   3. you have an Investment Securities Account and/or have an account on the Bank’s online trading platform (“SC Online Trading”).

(hereafter, each an “Eligible Customer” and collectively, “Eligible Customers”).

Prevailing and Promotional Bonus Interest Rates

3. Under this Promotion, Eligible Customers can receive bonus interest of up to 1.50% p.a. (“Promotional Bonus Interest”) on the average daily balance (“ADB”) only for their Singapore Dollar denominated balances in their Qualifying Account (up to an ADB cap of the first S$100,000).

To qualify for the promotion, Eligible Customers must successfully subscribe/purchase at least S$10,000 (or equivalent in foreign currencies) Eligible Unit Trust(s) (as defined in Clause 4) via Online Unit Trust Platform and/or Eligible Share(s) (as defined in Clause 4) via SC Online Trading within a calendar month and settle the trade(s) during the Promotion Period. The Eligible Customer shall be entitled to receive the Promotional Bonus Interest corresponding to the “Total Investment Amount” (as defined below):

*The Promotional Bonus Interest rate is subject to change by the Bank at any time.

Note: The Promotional Bonus Interest rates described in this table are mutually exclusive and not stackable. The maximum promotional interest rate which an Eligible Customer will receive is 1.50% p.a.

4. For the purposes of this Promotion,
   1. “Eligible Unit Trust(s)” refers to unit trust investment products distributed by the Bank and subscribed via the Online Unit Trust Platform but does not include the following:
      1. exchange traded funds;
      2. switching transactions;
      3. any investments placed via Regular Savings Plan arrangements; and
      4. any investments made through the Central Provident Fund Investment Scheme / Supplementary Retirement Scheme.
   2. “Eligible Share(s)” refers to shares that are tradable on SC Online Trading but does not include the following:
      1. delisted or suspended shares;
      2. shares that are in certificate form;
      3. warrants;
      4. LPS securities;
      5. US OTC securities;
      6. SGX ETF restrictions;
      7. securities sanctioned by the Bank’s internal policies; and
      8. shares subject to regulatory and compliance restrictions.
5. Notwithstanding Clause 3, if you also qualify to earn bonus interest under the Bonus$aver Product Terms for the “Invest” Bonus$aver category on the first S$100,000 ADB of your Qualifying Account, you will not earn the Promotional Bonus Interest under this Promotion.

As an illustration:

6. If the subscription/purchase of the Eligible Unit Trust(s) or Eligible Share(s) is placed through a joint investment account, only the primary account holder of the joint investment account who is also the primary account holder of the Qualifying Account will be entitled to the Promotional Bonus Interest on the ADB for only his/her Singapore Dollar denominated balances in the Qualifying Account.
7. If the Eligible Unit Trusts / Eligible Shares  are denominated in a foreign currency, we will convert the value of such investment into Singapore dollars at our prevailing currency exchange rate in order to determine if it meets the minimum Total Investment Amount that qualifies for the Promotional Bonus Interest. The equivalent Singapore Dollar amount converted for an Eligible Unit Trust or an Eligible Share transaction will be determined by us at rates we reasonably consider appropriate. The aggregate Total Investment Amount for the Eligible Unit Trust(s) and/ or Eligible Share(s) through us within a calendar month during the Promotion Period must be at least S$10,000 (or its equivalent in another currency). The Eligible Customer remains liable for the payment of any sales charges and brokerage fees, and including, but not limited to, any tax or stamp duty, transaction levy, exchange fee, clearing fee or market fees.
8. The Promotional Bonus Interest allocated for the Bonus$aver Invest category shall be capped at the rates set out in Clause 3, regardless of the number of Qualifying Accounts held and amount of Eligible Unit Trusts or Eligible Shares subscribed/purchased for and whether under these Promotion terms and conditions or the Bonus$aver Product Terms.
9. If your Qualifying Account is in a dormant/unclaimed status at the time of crediting of the Promotional Bonus Interest, the Promotional Bonus Interest will be credited to the first of any other active Bonus$aver accounts opened with us, with reference to the account opening dates.
10. In the event that there is no active Bonus$aver account to which the Promotional Bonus Interest may be credited, we reserve the right not to make payment of such Promotional Bonus Interest and you agree that your Promotional Bonus Interest shall be forfeited. We have the sole and full discretion to determine the Bonus$aver account to which the Promotional Bonus Interest should be credited. In the event of any dispute, you agree that our decision is final and binding on you.
11. In the event the Bank has determined that you are not eligible to receive the Promotional Bonus Interest (including where you do not satisfy the Invest Promotion Requirement(s)) or to participate in this Promotion, or where the Bank has knowledge of subsequent events which would mean that you would not have been entitled to receive the Promotional Bonus Interest, but such Promotional Bonus Interest has already been credited to you, the Bank reserves the right to claw back the Promotional Bonus Interest or to deduct its value (or such other amount as it deems fit) from your account(s) with the Bank.

General

12. Unless otherwise stated, this Promotion is not valid with any other offers, discounts, rebates, vouchers, privileges or promotions.
13. Please refer to the Bank’s Pricing Guide at com/sg/pricingguide for any applicable fees and charges, or visit https://www.sc.com/sg/save/current-accounts/bonussaver/ for more information on Bonus$aver, including the latest terms and conditions applicable to this Promotion.
14. The Bank may at any time in its sole and absolute discretion vary, modify, add, delete or otherwise revise any of the terms and conditions governing this Promotion and all applicable interest rates (including the prevailing interest rate, the bonus interest rate under the Bonus$aver Product Terms, and the Promotional Bonus Interest rate) and to terminate, withdraw, suspend, extend or shorten this Promotion, without prior notice or reason. You understand and agree to be bound by any such variation.
15. In the event of any inconsistency between these Promotion terms and conditions and any brochures, marketing or promotional materials relating to this Promotion, these Promotion Terms and Conditions shall prevail to the extent of such inconsistency.
16. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with this Promotion, including your eligibility for this Promotion, whether you satisfy the Wealth Promotion Requirement(s), the relevant interest rates, and/or the amount of interest that you are entitled to receive.  The Bank’s decision in all matters arising out of or in connection with this Promotion shall be final and binding (and the Bank shall not be obliged to disclose its reason) and no appeal, objection, challenge or correspondence will be entertained.
17. These Promotion T&Cs are governed by and shall be construed in accordance with the laws of the Republic of Singapore, and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore. These Promotion terms and conditions are to be read in conjunction with all relevant terms and conditions, including the Standard Chartered Bank Terms, the Bank’s Customer Terms, the Current/Cheque/Savings Account and Time Deposit Terms, Bonus$aver Product Terms, the Standard Chartered Online Unit Trust Platform Terms, Standard Chartered Online Trading Terms, the Investment Product Terms, and such other applicable terms and conditions (collectively, “Other Terms“). If there is any inconsistency between these Promotion terms and conditions and the Other Terms, these Promotion terms and conditions will prevail only to the extent of such inconsistency.
18. A person who is not a party to these Promotion terms and conditions shall have no right under the Contracts (Right of Third Parties) Act (Cap. 53B) to enforce these Promotion terms and conditions.
19. These Promotion terms and conditions are governed and construed in accordance with the laws of Singapore. Any dispute arising out of these Promotion terms and conditions shall be referred to the exclusive jurisdiction of the Courts of Singapore.
20. All information is accurate at the time of publication.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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. Standard Chartered Bank (Singapore) Limited (“SCBSL”) 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.

You are fully responsible for your investment decision, including whether the SC Online Trading/ Online Unit Trust Platform services are suitable for you. The products / services involved are not principal-protected and you may lose all or part of your original investment amount.

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, SCBSL 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.

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