e$aver Promo: Rates Weaken, Get 2.85% to 3.05% p.a. For December 2024 to February 2025
StanChart’s new e$aver promo is out for December 2024, and rates have slipped quite a bit to under 3% p.a. Recently, StanChart has started to introduce 2 different promos, and this is also the case for this month.
2.85% p.a. for fresh funds in December 2024 and January 2025
For the longest time, e$aver has given bonus interest for 2 months on fresh funds compared to the month that has just ended. This is still happening for the months of December 2024 and January 2025 where fresh funds – compared to the account balance of November 2024 – will get bonus interest of 2.80% p.a. on top of the base interest of 0.05% p.a.
If you have an average account balance of S$20,000 in the month of November 2024 and maintain an average account balance of S$100,000 for the months of December 2024 and January 2025, you can expect the following:
| November 2024 (reference month) | December 2024 | January 2025 | |
| Average Account Balance | S$20,000 | S$100,000 | S$90,000 |
| Fresh Funds Compared to November 2024 | N/A | S$80,000 | S$70,000 |
| Base Interest 0.05% p.a. | Applies on S$20,000 | Applies on S$100,000 | Applies on S$90,000 |
| Bonus Interest 2.80% p.a. | N/A | Applies on S$80,000 | Applies on S$70,000 |
If you have S$0 in the month of November 2024 or are opening a new account, every dollar you place for December 2024 and January 2025 will be considered fresh funds and hence get 2.85% p.a. interest.
Marathon $aver Promotion
You can also opt to participate StanChart’s “Marathon $aver Promotion” to get up to 3.05% p.a. interest. All you have to do is to make sure that your deposit balance on 31st December is at least S$100,000 higher than the balance on 30th November 2024. You will also need to register here.
If eligible, you will earn the following interest on incremental fresh funds compared to your November 2024’s average balance:
| Interest Rate | |
| December 2024 | 2.85% p.a. |
| January 2025 | 2.90% p.a. |
| February 2025 | 3.05% p.a. |
Summary of e$aver Promos
| Month | Interest Rate without Marathon $aver | Interest Rate with Marathon $aver |
| December 2024 | 2.85% p.a. | 2.85% p.a. |
| January 2025 | 2.85% p.a. | 2.90% p.a. |
| February 2025 | 0.05% p.a. | 3.05% p.a. |
Again, note that the rates are on incremental fresh funds compared to November 2024.
This article is my interpretation of the terms and conditions. Do read through the terms and conditions before signing up/depositing your funds.
Some alternatives to explore
e$aver’s interest rate has dipped under 3% p.a. for the first time in years, I think, and it’s quite a downer since I’ve been using e$aver quite frequently to store funds temporarily on and off over the past few years.
A possible replacement could be Chocolate Finance, though that isn’t a bank account which may turn off some. HSBC EGA’s promo is a lot more attractive since you can get more than 4% p.a. for at least a month. Even this month’s Singapore Savings Bond is quite competitive against e$aver, with a slightly lower 2.73% p.a. returns in the first year.
Incidentally, I have an upcoming collaboration with a company to promote its offering tackling falling interest rates, so stay subscribed if you want to get news on that .
Stay tuned for more savings-related promos and updates
Given the falling interest rates, I will be spending some time this month to look at ways to try get some decent returns from my cash savings so stay subscribed for more updates especially if you’re someone who wants to earn more from credit cards, savings accounts and other financial deals. Leave notifications turned on so that you don’t miss time-sensitive updates!
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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