Last Sunday, I came across an article written by Heartland Boy about the Standard Chartered Jumpstart Account.
The account is a savings account with a main benefit that attracted me is that it will provide 2% per annum interest on your savings.
One main condition is that you have to be between 18 years of age to 26 years old, only then are you able to open this savings account.
I read through the conditions and found a few good benefits of the account:
2% interest per annum on the account balance on first $20 000. No fees and minimum deposit balance required. No lock-in. No minimum spends. No requirement for salary-crediting. Cashback debit card with 1% on all eligible transactions, capped at S$60 per month. 1. 2% interest per annum on the account balance on first $20 000.
This is a huge thing that made me want to open this account. 2% per annum