Posted On: April 7, 2020 That … Pros .

Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. My first personal bank account as a young working adult many, many years ago was also from Standard Chartered, and it too had a 1% cashback card.

2% interest per annum - Stan Chart Jumpstart Last Sunday, I came across an article written by Heartland Boy about the Standard Chartered Jumpstart Account. The 2% interest rate is applicable only to the first $20,000 account balances and will be credited at the end of each month.

All information provided is for informational purposes only.

with no fees and minimum account balance required on any incremental balances above S$20,000 in your JumpStart account.There is no cap to the amount of interest that you can receive on the balances in your JumpStart account.Your interest will be reflected in your eStatement, Online Banking and Mobile Banking transaction history as “CR INTEREST”. With the majority of the local banks offering high yield savings accounts requiring some sort of salary crediting or credit card spend, fuss-free options for students or young adults were relatively limited. without locking in your moneyEarn up to 1.00% p.a. Prevailing interest will be credited to your JumpStart account at the end of each month.You will earn 1.00% p.a. Decent interest rate for savings account.

2. for young adults will be halved to 1.00% p.a. interest with minimum S$25,000Choose from 9 major currencies and tenors from 1 to 12 monthsEnjoy up to 3% cashback on your online buys with no minimum spend. Fret not, ask our community here!Still have more questions after reading the article? SCBSL shall not be liable for the handling of any information you may provide on the Third Party Website, or for any loss incurred in connection with your access to or use of the Third Party Website.

HSBC Personal Loan Promotion

You are now leaving the Standard Chartered Bank (Singapore) Limited (“SCBSL”) website to access a third party website (“Third Party Website”). Cashback is calculated at the end of each calendar month, based on transaction posting date. In. It's panic out there now. Just.

If anyone’s counting, this is incidentally the 3rd time I’m reviewing one of StanChart’s banking accounts. Sponsored Links.

 You will continue to receive prevailing interest on your JumpStart account balances.You can open a JumpStart account in your name only.You will receive prevailing interest on your JumpStart account balances.

You are now leaving the Standard Chartered Bank (Singapore) Limited (“SCBSL”) website to access a third party website ("Third Party Website"). Posted On: April 9, 2020 Update (July 2020): Interest rates for Jumpstart has now been reduced to 1% (up to $20K). Live The Good Life® and enjoy privileges with your Standard Chartered Credit Card

Standard Chartered Bank JumpStart New Account Promotion on SC Online Trading Terms and Conditions (“Promotion T&Cs”) 1. interest on the first $20,000 in your account.This is the first time that Standard Chartered has decided to revise the interest rates for their JumpStart account since introducing it back in 2019.And it’s a pretty hefty cut since they’re slashing the initial interest rates by half.It’s no surprise that they’d do the same for the JumpStart account too.Most of the high-interest savings accounts out there will need you to jump through at least a few hoops.AND you can continue to receive the prevailing interest on your JumpStart account balances for as long as Standard Chartered doesn’t decide to change the terms and conditions.What if you’re above 26 years old and are no longer eligible to apply for the JumpStart?Or what if you’re thinking of switching out of your JumpStart savings account to another account which gives more interest instead?Like the Standard Chartered JumpStart savings account, the CIMB Fastsaver has:And you’ll need a lot MORE capital in order to hit the highest interest rate of So let’s say you have $20,000 in your JumpStart account right now and want to shift it to some other savings account to earn more interest.Because your account balance only qualifies you for the interest earned on the first $50,000.You’d need at least $100,000 on hand to be able to qualify for the And frankly, at that kind of amount, you might want to consider You’re going to need to do a little homework to figure out what makes sense for you.Because frankly, 1.00% p.a.

With more people diving into stock markets these days compared to a decade ago, I think it's a good time to share my 7 biggest lessons from investing so that new investors don't make the same mistakes that I did. A favourite amongst students, fresh grads, and those who just entered the workforce.You MUST be between 18 and 26 years old at the time you apply for the account.But unfortunately, all good things must come to an end.Anything above the first $20,000 will still continue earning the 0.10% p.a. Also, the withdrawal process isn’t instant. interest on the first $20,000 in your account. If you’re a young adult with no much money, to begin with, Stanchart’s latest offering with twice the interest rate with the convenience of a more superior platform and branding is a better option.At the risk of sounding overly optimistic, I think the JumpStart account has a lot to offer if you qualify for it in the first place. interest is still not bad Want to find out which is the best savings account?Still have more questions after reading the article? The exclusive and highly attractive 2.00% p.a.

Long story short: Stanchart’s latest JumpStart account is a super simple, no-fuss 2% high-interest savings account with no minimum deposit, no fall below fees, no salary credit, investments, or insurance needed, and no monthly minimum spend on your credit cards.