I have just received the Bonus Interest for the month of February, and would like to share on this absolutely no-frills 3.8% cash savings account. Compared to other bank deposits currently available like OCBC360/UOB accounts (where u would need to credit your salary, spend $800 credit card, increase $500 monthly average daily balance etc), this SCB account takes almost no effort to achieve.
Another big plus for people who are holding more emergency cash for various family reasons, is that this bonus interest pays up to $2 million vs $100k only for OCBC/UOB. Promotion is ending soon by end March. So do take a quick look before the promotion ends. Let's make our money work harder! 😅
https://www.sc.com/sg/save/savings-accounts/esaver/?subChanCode=IBSC
Standard Chartered has given a good example under their terms & conditions on the calculation of 3.8% bonus interest
Promotion extended to 31st of May
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