Nerfed: StanChart Bonus$aver Reducing Interest From 1st May 2026
Bad news people — StanChart has announced a reduction in interest rates for StanChart Bonus$aver account starting from 1st May 2026.
The maximum effective interest (realistically) would fall to 3.35% p.a. when the changes kick in. You can use the calculator below to see the impact on the interest received for different amounts.
Reduced rates from 1st May 2026
| Category | Current Rates | New Rates From 1st May 2026 |
|---|---|---|
| Base Interest* | 0.05% p.a. | 0.05% p.a. |
| Salary Credit* | 1.00% p.a. | 0.90% p.a. |
| Card Spend* | 1.00% p.a. | 0.90% p.a. |
| Invest* | 2.50% p.a. | 1.50% p.a. |
| Insure | 2.50% p.a. | 2.50% p.a. |
| Maximum EIR | Max: 7.05% p.a. Realistic: 4.55% p.a. | Max: 5.85% p.a. Realistic: 3.35% p.a. |
Rates are sliding slightly for Salary Credit and Card Spend categories, going from 1% p.a. each to 0.9% p.a.
Interest from the Invest category takes a significant drop, going from 2.5% p.a. to 1.5% p.a.
The interest for Insurance remains unchanged because it’s a terrible deal and I wonder why…
Interest Comparison
What if I have already completed the Invest category?
According to the product’s terms and conditions, StanChart reserves the right to “change the rates of the prevailing interest and bonus interest at any time with prior notice”.
Sign-up Promo
Regardless, StanChart Bonus$aver is one of the rare few bank accounts that give a sign-up bonus for new applicants. S$168 for holding S$50,000 for around 2 months is a pretty decent deal by itself, and it is on top of the interest given by the account.
StanChart Bonus$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
Compared with other high-yield savings accounts
I will update the comparison calculator soon to reflect recent changes, but given the current climate, Bonus$aver is still competitive if you fulfil its conditions including the Invest category.
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With OCBC just announcing their rate drop yesterday and now this, I will take some time in April to think through my cash strategy when May comes along.
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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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