Great Deal: Get S$419 in Welcome Rewards With Bonus$aver Account
StanChart may have dropped rates for Bonus$aver from 1st May 2024, but the sign-up rewards for the account this month may still make it a good short-term place to house some S$50,000 you may have lying around. This month, the welcome rewards are valued at S$419 which adds on to the returns of the Bonus$aver account.
Promo Details
Sign up for the Bonus$aver account as a new-to-product customer and meet the requirements to qualify. New-to-product means that you have not cancelled any Bonus$aver card/account in the past 12 months, and you still qualify if you own other StanChart products.
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
🔥 New users of Webull can get 8.4% p.a. returns with MoneyBull Interest Booster! Also, get as much as US$1,050 in cash vouchers for signing up and funding your Webull account in the month of May 2024!
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Make sure to sign up for a StanChart credit card first (for new to StanChart cardholders)
If you are new to StanChart or cancelled your last StanChart credit card more than 12 months ago, take note that this Bonus$aver promo will affect your sign-up reward for StanChart credit cards. This is because you are required to sign up for a Bonus$aver credit card for this promo.
You should therefore sign up for a StanChart credit card first before this account to enjoy both promos.
Of course, you can ignore this if you already have a StanChart credit card.
Welcome rewards add to the 3.68% p.a. interest of the account
The welcome rewards are made of S$130 in cashback and a Nespresso Essenza Mini Bundle retailing for S$289. If you fund S$50,000 today (16th May 2024), S$130 alone for a S$50,000 deposit held until the end of June is as much as 2.13% p.a. returns.
Adding that to the Bonus$aver account’s 3.68% p.a. interest rate already gets us a very handsome 5.81% p.a. rate. Even if we valued the coffee machine at a modest S$100, it’s another 1.63% p.a. to be had, making the total yield as much as 7.44% p.a. for the 1 to 1.5 months your funds are sitting in this account.
The short tenure may work in favour for those who don’t want to lock up their funds for a long time and it’s useful for things like resetting your OCBC 360 account. It could also be very useful to prep for a potential Q3 UOB savings promo (subscribe for more updates on this).
Bonus$aver requirements are relatively simple
The Bonus$aver account does require you to complete 3 requirements for its 3.68% p.a. interest rate:
- Credit S$3,000 salary to the account
- Make S$2,000 in spending with the Bonus$aver credit/debit card
- Make 3 bill payments of at least S$50 each
While it has been thought that there’s no workaround for Item 1, there is at least one data point that says you can use a non-FAST transfer with the purpose of transfer set as Salary to complete this requirement. I can’t confirm this right now, but it’s definitely something I’d be testing out.
Item 2 is simple enough since you can make non-retail to complete this. Lastly, Item 3 is achieved with just making 3 bill payments and even paying off your StanChart credit card counts as a bill payment.
More options
If you’ve missed it, I did a piece on options you can look at to get higher returns for your cash 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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