Introduction:
If you’re looking for a savings account that offers high interest rates, then you may want to consider the eSaver promotion in Singapore. This savings account is offered by Standard Chartered Bank and is designed to help you maximise your savings by earning bonus interest on your eligible incremental balances.
Understanding eSaver Promotions:
The eSaver promotion is a type of savings account that allows you to earn bonus interest on your eligible incremental balances in addition to the prevailing interest earned on your entire deposit balance. There is no lock-in period, which means you can withdraw your funds at any time without penalty. The account also offers instant account opening using MyInfo, making it easy to get started.
Eligibility and Requirements:
To be eligible for the eSaver promotion, you must be a Singaporean or Permanent Resident and at least 18 years old. You must also have a minimum deposit of $1,000 and maintain a minimum average daily balance of $5,000. The promotion is available for a limited time only, so be sure to check with Standard Chartered Bank for the latest details.
Key Takeaways
- The eSaver promotion in Singapore is a savings account offered by Standard Chartered Bank that allows you to earn bonus interest on your eligible incremental balances.
- There is no lock-in period, and you can withdraw your funds at any time without penalty.
- To be eligible, you must be a Singaporean or Permanent Resident, have a minimum deposit of $1,000, and maintain a minimum average daily balance of $5,000.
Understanding eSaver Promotions
If you’re looking for a savings account in Singapore, you might want to consider the eSaver account from Standard Chartered. This account offers a range of promotions that can help you earn a higher interest rate on your deposits. Here’s what you need to know about eSaver promotions.
What Is eSaver?
The eSaver account is a savings account offered by Standard Chartered Singapore. It’s a no-frills account that offers a competitive interest rate on your deposits. What’s great about this account is that it has a range of promotions that can help you earn even more interest on your savings.
Benefits of eSaver Promotions
One of the main benefits of eSaver promotions is the higher interest rate that you can earn on your deposits. During the promotion period, you can earn a promotional interest rate that is higher than the prevailing interest rate. For example, the current promotion offers up to 3.60% p.a. interest on eligible deposit balance of S$2 million with no lock-in period when you bring in incremental fresh funds. This is a great way to earn more interest on your savings without having to lock your money away for a long period of time.
Another benefit of eSaver promotions is that they are usually offered for a limited period of time. This means that you can take advantage of the higher interest rate during the promotion period and then switch to another savings account when the promotion ends. This is a great way to maximise your returns on your savings.
In summary, if you’re looking for the best savings account in Singapore, you might want to consider the eSaver account from Standard Chartered. With a range of promotions that offer a higher interest rate on your deposits, you can earn more on your savings without having to lock your money away for a long period of time.
Eligibility and Requirements
Who Can Apply?
If you’re a Singapore citizen or a foreigner residing in Singapore, you can apply for the Standard Chartered e$aver promotion. To apply, you must be at least 18 years old and have a valid SingPass account.
Documentary Requirements
To apply for the promotion, you’ll need to provide the following documents:
- A valid form of identification (e.g. NRIC, passport)
- Proof of address (e.g. utility bill, bank statement)
- A valid SingPass account
Additionally, to be eligible for the promotion, you must:
- Be a new to bank customer
- Open and maintain at least one SGD Current/Cheque/Savings account
- Place minimum S$200,000 (or foreign currency equivalent) of Fresh Funds in the form of Eligible Deposits and/or Eligible Investments into your account
It’s important to note that the promotion has a limited time frame, so be sure to apply before the deadline. If you meet the eligibility criteria and provide the necessary documents, you’ll be able to take advantage of the promotion and earn up to 3.60% p.a. interest on eligible deposit balances of up to S$2 million.
Maximising Your Savings
If you’re looking to maximise your savings, the e$aver Savings Account promotion from Standard Chartered Singapore might be just what you need. With this promotion, you can earn up to 3.60% p.a. interest on eligible deposit balance of S$2 million with no lock-in period when you bring in incremental fresh funds. Here are some tips to help you make the most of this promotion.