Standard Chartered has a year-end campaign for its Bonus$aver Account, and the headline is S$100 cashback. It comes with a fair number of conditions, including a S$50,000 fresh-funds requirement, so here is the plain-English version.

The offer

According to the bank, the campaign runs from 16 October 2026 to 1 February 2027. You get S$100 cashback when you apply for a Bonus$aver Account together with the Bonus$aver World Mastercard Credit Card. New-to-Bonus$aver customers can also earn Sign-Up Invest Interest.

How to qualify

  1. Apply for a Bonus$aver Account and a Bonus$aver World Mastercard Credit Card. The account can be opened instantly with MyInfo or Online Banking.
  2. Deposit and maintain S$50,000 in fresh funds when you open the account.
  3. For Sign-Up Invest Interest, invest in an eligible Unit Trust or Online Equities.

Applicants must be at least 18, and credit card applicants must be between 21 and 65.

How the bonus interest works

Bonus interest applies to the first S$100,000 of deposits. The bank's page lists:

  • 0.05% p.a. base rate on the whole balance.
  • 0.90% p.a. extra for a nett monthly salary credit of at least S$3,000.
  • 0.90% p.a. extra for at least S$1,000 card spend in a calendar month.
  • 2.50% p.a. extra for 6 months with an eligible regular-premium life insurance policy (S$24,000 annual premium).
  • 1.50% p.a. extra for 6 months with a S$30,000 Unit Trust subscription or S$30,000 in cumulative monthly Online Equities buys.
  • 1.50% p.a. extra for 3 months as Sign-Up Invest Interest for new customers.

The "up to 7.35% p.a." headline is only possible if every one of these is met at the same time. Most people will earn much less.

Things to note

Interest applies to SGD balances only. Card spend counts by posting date, and bonus interest is paid a month after the spend month. Early redemption of an investment forfeits the remaining bonus months. Certain card transactions, ETFs, regular savings plans and some securities are excluded. Opening the account is free, and you can hold up to 3 Bonus$aver accounts.

Investment products are not deposits and are not covered by the Deposit Insurance Scheme, and unit trust values can fall as well as rise. Insurance policies often carry high costs if ended early. This listing is for information only and is not financial advice. Confirm the latest terms with Standard Chartered at sc.com/sg before applying.

Image credit: Standard Chartered Singapore.