Compare Standard Chartered Savings Accounts in Singapore 2024

Learn how to save effectively and maximise interest rates as you compare the different types of Standard Chartered savings account. Read More
We found 3 Savings accounts for you!
Standard Chartered e$aver Savings Account

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Standard Chartered JumpStart Account

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Standard Chartered Wealth $aver Priority Banking

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Standard Chartered Singapore

Standard Chartered Bank Singapore offers a wide range of personal financial products such as credit cards, personal loans, home loans, investments, insurance, fixed deposits, and savings accounts – namely the Standard Chartered Jumpstart for 18 to 26-year-olds, the Unlimited Saver that is linked to the Standard Chartered Simply Cash Credit Card and awards additional cashback, MyWay Savings for individuals above 55 years, the multi-currency FCY Saver, eSaver Kids, and eSaver Savings accounts to suit different age groups, lifestyle, and banking needs. Here, a summary table of Standard Chartered’s savings account interest rates.

How do I credit my salary with Standard Chartered

Standard Chartered Salary Crediting

How to credit your salary or income to your bank savings account? You can credit your salary to your Standard Chartered savings account via cheque, cash deposit at ATMs or in Standard Chartered branches, funds and bank transfers, and GIRO. If your savings account has an interest rate programme or is linked to a debit or credit card cashback programme, then you will need to credit your salary via GIRO with the codes “SAL” or “PAY” – something you can inform your HR (Human Resources) department to assist you with.

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Standard Chartered Savings Account Interest Rates

Standard Chartered Savings AccountInterest Rate (per annum)Bonus Interest Rate (per annum)
Standard Chartered Jumpstart1.00% (Up to S$20k)N/A
Standard Chartered Unlimited Saver1.50% (Up to $100k. Cash back)1.5% (Above S$100k. Cashback)
Standard Chartered MyWay Savings0.10% (Up to S$50k)0.25% (Up to S$950k)
Standard Chartered FCY Saver0.00% to 0.50% (across 5 foreign currencies)N/A
Standard Chartered eSaver KidsN/AN/A
Standard Chartered eSaver Savings Account0.05% (Up to S$50k)0.25% (Until 30 Nov 20)

Standard Chartered Bank Changes

A summary of the changes to Standard Chartered Bonus Saver savings account’s interest rates as of 1 October 2020.

Base Interest Rate

SCB Bonus Saver’s base interest rate will be revised from 0.03% to 0.05% per annum as of 1 October 2020

Salary Crediting

SCB Bonus Saver’s bonus interest rate for salary crediting will be changed to 0.20% per annum for your first S$80,000 instead of the previous 0.40% per annum

Credit Card Spend

Bonus interest rates for SCB credit card spend will remain at 0.75% per annum with a minimum of S$2,000 eligible spend


Bonus interest rate for bill payments will remain at 0.10% per annum


For SCB investments, bonus interest rates will increase from 0.85% to 0.90% per annum


Likewise for SCB insurance, bonus interest rates will increase from 0.85% to 0.90% per annum

Standard Chartered Banking Services

Standard Chartered Hotline

To contact or speak to the Standard Chartered Bank customer service team, call the Standard Chartered Singapore hotline at 1800 747 7000 or +65 6747 7000 if you are calling from overseas. Alternatively, you can visit the SCB website between 9am to 12am daily to contact the SCB customer service team via the live chat function. Finally, you can visit one of the 15 Standard Chartered branches near you in person.

Standard Chartered Online Banking

Standard Chartered online banking Singapore allows you to access your credit card, make retail payments and bank transfers, view personal and home loans, set up recurring bill payments, insurance, savings, fixed deposit accounts, and more banking services. If you are new to Standard Chartered Bank, you will need to first visit a Standard Chartered branch in person to apply for your first account or card with the bank before you can create an SCB ibanking account. If you are an existing Standard Chartered customer, visit the Standard Chartered online banking website. With your SC debit, credit, or ATM card, you will be able to sign up for an online banking account. If you received a set of temporary ID and password from a SCB branch, you will be able to login as well.

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How do I earn higher interest with Standard Chartered Credit Card

If you hold a Standard Chartered current or savings account, there are debit or credit card linking programmes to help you earn higher cashback or interest rates.

Standard Chartered Simply Cash

For SC Simply Cash Credit Card holders, you can sign up for a Standard Chartered Unlimited Saver savings account which will entitle you to additional cashback of 1.5% per month on your SCB Simply Cash credit card’s eligible spend. No minimum initial deposit, but there is a S$3,000 minimum average daily balance which comes with a S$5 fall below fee per month.

Jumpstart Standard Chartered

The SC Jumpstart savings account can be linked to the Standard Chartered cashback debit card to earn 1.00% per annum bonus cashback on eligible debit card spend.

Standard Chartered BonusSaver

Standard Chartered BonusSaver is a current account which can be linked to the SCB Bonus Saver World Mastercard credit or debit card to earn bonus interests of 0.25% per annum if you charge above S$500, and 0.75% per annum if you charge above S$2,000 eligible spend to your card.

Standard Chartered Jumpstart

Standard Chartered Jumpstart is a savings account that used to offer one of the highest interest rates in Singapore at 2.00% per annum. In July 2020, the Jumpstart interest rate was changed to 1.00% p.a.. Here, a summary of the account:


Savings Account

Standard Chartered Jumpstart is a savings account with no minimum salary crediting, minimum initial deposit, minimum average daily balance, nor fall below fees.


Interest Rates

The Jumpstart account offers 1.00% per annum interest on your account balance (below S$20,000), and 0.10% per annum interest for funds above S$20,000. Interest is calculated daily, and credited at the end of each month.


Debit Card

If you have a SCB Cashback debit card, you can link it to your Jumpstart account and make it the card’s primary account. This way, you will be awarded 1.00% per annum bonus cash back on eligible Mastercard transactions. Cashback capped at S$60 monthly.


Cash Back

Eligible SCB Cash back debit card transactions include retail spend via Mastercard. General exclusions such as ATM withdrawals, payments via NETS or EZ-Link, insurance, loans, credits, deposits, payments to ICA, MOM, and LTA, fees and charges, and voided transactions do not qualify for cashback.



To qualify for this account, you need to be between 18 and 26 years of age. If you are a Singapore citizen or PR, you can apply for the Jumpstart online via SingPass MyInfo or in person at any StanChart branch. Do bring along your NRIC if you are a Singaporean, and your passport, student or employment pass, and 3 months’ worth of bills, current bank statements etc. to prove your residency in Singapore.


After 27

Even after you turn 27, you will still be able to keep your Jumpstart Standard Chartered account – and the balance in your account will continue to generate the 1.00% per annum interest.

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Commonly Asked Questions

What is the minimum balance to be maintained in Standard Chartered Bank?

The minimum balance varies depending on the savings account you hold. For instance, the Standard Chartered BonusSaver account has a minimum daily average balance of S$3,000 with a fall below fee of S$5 per month. The Standard Chartered Jumpstart, however, has no minimum average daily balance nor fall below fees.

How can I open a savings account in Standard Chartered Bank?

How to open a savings account in Standard Chartered bank? And how much does it take to open a savings account? You can open a savings account with Standard Chartered bank seamlessly and enjoy promotions by scrolling up and clicking on your account of choice. Otherwise, you can apply online via the website by selecting your account of choice and clicking on “Apply Now”. If you are a Singapore citizen or PR, you will be able to apply for your account via SingPass MyInfo. If you are a foreigner, you will be required to prepare documents such as your passport, employment pass, and any bills or existing bank statements to prove your residency in Singapore.

Is Standard Chartered JumpStart good?

The Standard Chartered JumpStart is a great savings account for young adults aged between 18 and 26 with one of the highest interest rates at 1.00% per annum for deposits below S$20,000, no accounts fees, minimum balance or fall below fees.

How can I apply Standard Chartered debit card?

To apply for a Standard Chartered debit card, you will need to first visit the Standard Chartered Bank Singapore website or a branch in person to apply for a current and savings account. Once the application has been processed, you will then be able to request for a debit card that is linked to your SC current or savings account.

Is Standard Chartered a good bank?

Standard Chartered is a British bank headquartered in London, and owned by Singapore’s Temasek Holdings with a majority stake of 15.77%. Standard Chartered Singapore is often favoured for its new credit card releases and promotions. Its Jumpstart savings account, and the SC Unlimited Saver savings account that can be linked to the SC Simply Cash Credit Card have enjoyed widespread popularity.

How to get my Standard Chartered bank statement?

To retrieve your Standard Chartered bank statement, login to the Standard Chartered online banking website or mobile app, visit “Accounts” and you will find the option to subscribe to eStatements sent to your registered email address monthly. You will also be able to retrieve, download and print your eStatements. Finally, you can visit any Standard Chartered branch near you to request for physical copies of your bank statements at a counter and statement fee.

How to cancel savings account by Standard Chartered Singapore?

To cancel any savings account with Standard Chartered Singapore, you will have to visit any Standard Chartered branch in person or contact the SCB customer service hotline at 1800 747 7000. You will not be able to cancel your savings account online.