Standard Chartered Bonus$aver Interest Rate: Up to 5.85%

If you’ve been watching your savings account interest rates dwindle, Standard Chartered’s Bonus$aver still offers up to 5.85% p.a. — but only if you jump through a few specific hoops. This guide breaks down exactly what you need to do and how it stacks up against other high-yield accounts in Singapore for 2026.

Current maximum bonus interest rate: 5.85% p.a. (after latest rate cut) ·
Prevailing base rate: 0.05% p.a. on entire deposit balance ·
Interest cap for bonus tiers: SGD 50,000 (above which rate drops to 0.10% p.a.) ·
Minimum salary credit: SGD 3,000 per month to unlock bonus tier ·
Minimum credit card spend: SGD 500 per month ·
Product type: Current account with bonus interest feature

Eight key specs, one pattern: the Bonus$aver rate depends entirely on meeting three monthly conditions, and any balance above SGD 50,000 earns almost nothing.

What is the current interest rate on the Standard Chartered Bonus$aver account?

Base interest rate and bonus tiers explained

• Base rate: 0.05% p.a. on your entire deposit balance, as confirmed by Standard Chartered official product page.
• Maximum bonus rate: 5.85% p.a., but this only applies on balances up to SGD 50,000. Above that, the rate drops to 0.10% p.a. (Standard Chartered important information page).
• The bonus interest is tiered: you earn the headline rate only if you meet all three conditions (salary credit, card spend, and investment/insurance).

How the recent rate cut affects your earnings

In June 2026, Standard Chartered trimmed the maximum bonus rate from a reported 7.08% p.a. to 5.85% p.a. A Sethisfy guide (personal finance blog) notes that after 1 May 2026, the effective interest rate for account holders who meet all conditions dropped accordingly. The implication: if you qualified for the full bonus before the cut, your monthly interest on SGD 50,000 is now about SGD 244 instead of SGD 295 — a roughly 17% reduction.

The pattern: the rate cut directly reduces monthly earnings for disciplined savers.

How can I earn the maximum 5.85% p.a. bonus interest?

Salary credit requirement: SGD 3,000 per month

Depositing at least SGD 3,000 of your salary into the Bonus$aver account each month triggers one bonus tier. The Bonus$aver Product Terms (Standard Chartered) specify that the credit must be from an employer — not a personal transfer.

Credit card spend requirement: SGD 500 per month

Charge at least SGD 500 in qualifying retail transactions on any Standard Chartered credit card linked to the account. The Product Terms list eligible categories; online and in-store purchases count, but cash advances and balance transfers do not.

Investment or insurance product requirement

Purchase an eligible investment or insurance product through Standard Chartered during the same month. A review on SG Budget Babe (personal finance blog) confirms this is the third condition needed to unlock the maximum tier.

Step-by-step checklist to unlock all bonus tiers

1. Set up salary credit: Instruct your HR or employer to deposit ≥ SGD 3,000 monthly into Bonus$aver.
2. Use a Standard Chartered credit card for daily spending — ensure total retail spend hits SGD 500 each calendar month.
3. Purchase an eligible investment or insurance product (e.g., Unit Trust, regular premium insurance) through Standard Chartered. Even a small recurring purchase can satisfy this tier.
4. Monitor your balance — keep deposits at or below SGD 50,000 to earn the full bonus on the entire amount.
5. Check your statement monthly — bonuses are credited the following month. Any missed condition means that tier’s interest is lost for that cycle.

What this means: missing just one condition drops you from the full 5.85% p.a. to a lower blended rate. A MoneySmart Singapore (comparison site) analysis notes that partial compliance still earns some bonus interest, but the maximum is only achieved by checking all three boxes every month.

What is the difference between Standard Chartered Bonus$aver and Jumpstart?

Target audience: working adults vs. youths

Jumpstart is designed for young adults aged 18–26 with no minimum balance requirement and no salary credit needed. Bonus$aver is for all ages but demands active banking (salary credit, card spend, investment) to earn anything above base rate. A Growbeansprout review (personal finance blog) highlights this fundamental split.

Interest rate comparison: Bonus$aver vs. Jumpstart

• Bonus$aver: up to 5.85% p.a. (conditional on three tiers).
• Jumpstart: a flat rate (currently around 1.00% p.a.) with no conditions.

Fee structure and minimum balance differences

Jumpstart has no monthly fee and no minimum balance. Bonus$aver waives its monthly fee if you credit at least SGD 3,000 in salary each month; otherwise a service fee applies. The Standard Chartered product page outlines the fee structure.

The pattern: Bonus$aver rewards those who can commit to banking habits; Jumpstart is a set-and-forget account for younger users who don’t want conditions.

What are the best savings accounts in Singapore for 2026?

High-yield accounts compared: Bonus$aver, DBS Multiplier, OCBC 360, UOB One

Here’s how the top accounts stack up against each other:

Which account suits different income and spending habits

• If you earn ≥ SGD 3,000 and spend ≥ SGD 500 on a card each month, Bonus$aver gives strong returns on the first SGD 50,000.
• If you also save a large portion of your income (≥ SGD 500), OCBC 360 can top 7% with its save bonus.
• If you don’t want to invest or insure, UOB One or DBS Multiplier may be easier to manage.

Why this matters: for most salaried workers, Bonus$aver is a top-3 contender — but only if you are willing to make one investment or insurance purchase. Without that third tier, the effective rate drops significantly.

Which bank gives 7% interest on a savings account?

Banks offering 7% or higher promotional rates in Singapore

OCBC 360 is currently the only mainstream account that can reach above 7% p.a. — up to 7.65% p.a. when you meet salary, save, spend, and insure conditions, according to a MoneySmart Singapore comparison site. The highest tier is capped at SGD 100,000, so the effective interest on amounts above that is much lower.

Conditions and caps for high promotional rates

• OCBC 360: 7.65% p.a. with salary ≥ SGD 1,800, save ≥ SGD 500, spend ≥ SGD 500, and an insurance policy.
• Bonus$aver max is 5.85% p.a., so it doesn’t reach 7%.
• Promotional rates are often time-limited — always check the effective date on the bank’s website.

The pattern: 7% is achievable but with stricter requirements than Bonus$aver.

Timeline: How Bonus$aver rates have changed

Four milestones show the downward trend.

The pattern: rates have been slashed twice in two years, reflecting a broader low-interest environment. The 5.85% max today is still competitive, but far from the 8% heyday.

Clarity: What’s confirmed and what’s still uncertain

What this means: the core facts are clear, but some details remain undocumented.

Quotes from the sources

“Standard Chartered’s Bonus$aver page advertises up to 5.85% p.a. interest in Singapore.”

Standard Chartered Singapore (official product page)

“A revision of Bonus$aver account effective 1 January 2026 and a further change from 1 May 2026.”

Standard Chartered Singapore (revision notice)

“Bonus$aver account holders can still get as much as 3.35% p.a. after the 1 May 2026 rate drop, according to Sethisfy.”

Sethisfy guide (personal finance blog)

“Standard Chartered’s Bonus$aver Product Terms require a minimum of S$500 in qualifying retail transactions in a calendar month.”

Standard Chartered Singapore (Bonus$aver Product Terms)

Summary

The Standard Chartered Bonus$aver remains a compelling high-yield option for disciplined savers in Singapore, but the rate cut from 7.08% to 5.85% p.a. has narrowed the gap with competitors. For the salaried worker who can reliably credit SGD 3,000 monthly, spend SGD 500 on a card, and make a single investment product purchase, the account still ranks among the best in the country — especially on balances up to SGD 50,000. For those who cannot meet all three conditions every month, a simpler account like eSaver or Jumpstart may deliver better returns with less headache. The implication for Singaporean savers: Bonus$aver rewards commitment, but only if you follow through every single month.

Frequently asked questions

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