If you’ve been following the news, Singapore banks announced a potential revenue impact of 1 to 2 per cent from the COVID-19 outbreak in February 2020.

To make matters worse, the U.S. Federal Rate cuts have cast even more uncertainty over the future of the banking sector.

Naturally, the banks are doing whatever they can to stay afloat and it’s no surprise that they’re on an interest-rate revision spree.

And Standard Chartered is no exception.

If you’re currently on the Standard Chartered JumpStart Account…

Relax.

The bank has yet to announce any changes… yet.

But if you ask me, it’s unlikely that they’ll make any revisions to that account.

Since it’s targeted at young customers who are between 18 and 26 (read: prospective clients when they graduate from school and start working).

So if the banks are slashing interest rates, it’s the high-interest savings accounts which they’ll gun for