Buffed: Bonus$aver Increases Rates, 3.05% + 2.5% p.a. Possible
With effect from 1st June 2025, Bonus$aver has increased its rates. The last revision to the account’s interest rates took effect 1st January 2025 where rates were arguably reduced too drastically.
StanChart Bonus$aver
Earn up to 5.85% p.a. (realistically 3.35% p.a.) with Bonus$aver account! Check out the guide for more details
💳 New Cardholders
Don’t have a StanChart Credit Card yet? Make sure you sign up for a StanChart Credit Card first to enjoy the credit promo, then sign up for Bonus$aver to enjoy both promos. The order matters!
🎁 New Bonus$aver Accountholders
Sign up for Bonus$aver Account + Bonus$aver Credit Card as a new-to-product customer (use code 6C76E if required) by 30th June 2026. Existing card/accountholders of other StanChart products still qualify!
Deposit and maintain minimum S$50,000 of fresh funds until the end of following month (e.g. 31st August for accounts opened in July) to get:
- Get S$138¹!
- Use code
6C76E: bonus S$30¹!
⚠️ Important Notes
- Existing StanChart cardholders/accountholders can still qualify as long as you do not own Bonus$aver account and/or card for past 12 months
Terms and conditions: [1]
For reference only; refer to exact details in terms and conditions
Increase in Rates
| Category | Interest Rate Before 1st June 2025 (p.a.) | New Interest Rate (p.a.) |
|---|---|---|
| Base Interest | 0.05% | 0.05% |
| Salary Credit | 1.00% | 1.50% |
| Card Spend | 1.00% | 1.50% |
| Maximum EIR | 2.05% p.a. | 3.05% p.a. |
The rates are applicable to the first S$100,000 of the account’s balance.
Bonus$aver has also boosted the interest given for buying investment and insurance products from Standard Chartered:
| Category | Interest Rate Before 1st June 2025 (p.a.) | New Interest Rate (p.a.) |
|---|---|---|
| Invest | 2.00% | 2.50% |
| Insure | 2.00% | 2.50% |
While I tend to avoid buying insurance and investment products from the bank, the Invest category actually looks quite attractive (more on this later).
Salary Credit and Card Spend requirements
Salary Credit requirement remains at S$3,000 per month by means of GIRO, FAST or PayNow. There is no publicly known workaround for this requirement.
Card Spend requirement is also unchanged at S$1,000 of eligible transactions per month on a Bonus$aver credit or debit card. A reminder that Bonus$aver cards earn no rewards at all, so there is some opportunity cost when you put spend here for higher interest.
Insure and Invest requirements
With a high annualised premium amount of S$12,000 required, we can quite safely ignore the Insure category. Insurance policies bought through a bank tend to be very awful products in my experience, and the commitment can be for years or even decades. Moreover, the bonus interest is only for a period of 6 months.
Invest category, however, deserves a second look. The usual requirement has been a minimum of S$20,000 of unit trust bought in a single subscription. Newly added is also the option to trade at least S$20,000 in cumulative buy trades of equities through SC Online Trading within a month. That’s not too difficult or costly actually, and given that equities and unit trusts have no lock-in period, it may be an easy way to get 2.50% p.a. for 6 months.
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I intend to do a full review on this account very soon so stay subscribed for that. But just to give a quick preview — I’ve already opened an account and plopped in my savings.
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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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