Pros & Cons
- Earn 1.88% p.a. on your saving provided you can spend minimally $500 every month. If you cannot fulfill this condition, the prevailing interest rate will be as low as 0.1% p.a.
- No fall below fee before 1 July 2013.
- Get minimally $100 credit cash back with any deposit amount (promotion valid till 30 June 2013)
- This is a current account, joint account is available.
Introduction
Bonus$aver comprises a Bonus$aver account (which is an innovative Current Account that gives you the highest interest rate in town), and Bonus$aver World MasterCard credit and/or debit card(s) which may be linked to the Bonus$aver account. Earn 1.88% p.a. on your savings for the first S$25,000 in your Bonus$aver account when you charge a minimum of S$500 to your linked Bonus$aver World MasterCard credit and/or debit card(s) each month.
Interest Rates
The prevailing interest rates for Bonus$aver are as follows:
| Deposit Balance | Interest Rate |
| Less than S$200,000 | 0.10 % p.a. |
| S$200,000 & above | 0.20 % p.a. |
Prevailing interest rate will continue to be calculated daily and credited monthly. Bonus interest will be calculated at the end of a calendar month and credited on the 1st working day of the following calendar month. Bonus interest will be credited to your Bonus$aver account on the next month.
Fees & Charges
| Services | Charges |
| Minimum average daily balance | (waived till 30 June 13) (Note: If account is in S$0 balance for six consecutive months, it will be automatically closed) |
| Fall below fee | (waived until 30 June 13) |
| Monthly service charge | S$0 |
| Credit card annual fee | |
| Debit card annual fee | |
| Cheque book fee | 1st cheque book: Free Subsequent cheque book(s): S$15 each |
Eligibility
You must be 21 years old and above to be eligible. For joint account applicants, both parties must be 21 years old and above.
Important Notes
- An early account closure fee of S$30 will be charged if you close your Bonus$aver account within 6 months of the date of account opening.
- Your account will be automatically closed if your account has S$0 balance for 6 consecutive months.
- The following transactions will not be taken into consideration when determining the minimum amount of S$500 to be charged to your linked Bonus$aver World MasterCard debit and/or credit card(s) is fulfilled:
- transactions arising from the use of your linked Bonus$aver World MasterCard debit card and Bonus$aver World MasterCard credit card as an ATM card at an ATM (i.e. cash withdrawals) or a EFTPOS or NETS terminal (i.e. using the debit card for a NETS transaction) or any other channel (e.g. bill payments at AXS or SAM machines);
- balance transfers to your linked Bonus$aver World MasterCard credit card;
- transactions such as EasyPay and cash advance;
- any fees and charges (including annual fees, interest charges, cheque processing fees, administrative fees, cash advance fees, finance charges, online banking bill payments to all billing organisations, etc.) and;
- any amount charged to the linked Bonus$aver World MasterCard debit and/or credit cards that is subsequently cancelled, voided or reversed. The amount will be deducted from the total spend amount in the month that it is cancelled, voided or reversed;
- payments made to all billing organisations through online banking using your linked Bonus$aver World MasterCard credit card. - Official website: http://www.standardchartered.com.sg/personal-banking/deposits/bonussaver/en/
- Official FAQ: http://www.standardchartered.com.sg/personal-banking/deposits/bonussaver/en/faq.html
- Official Terms and Conditions: http://www.standardchartered.com.sg/personal-banking/deposits/bonussaver/en/tnc.html
