Personal Finance
Review: StanChart JumpStart Savings Account – Definitely Sign Up (If You Can)
By Sethisfy  •  February 11, 2020
 

If anyone’s counting, this is incidentally the 3rd time I’m reviewing one of StanChart’s banking accounts. The first two didn’t fare too well, but this one is a little different, and you would want to pay attention if you are between the age of 18 to 26.

Features Sometimes, the best things in life can be summed up very simply: 2% pa on up to $20,000 of savingsNo salary crediting, card spend, or any other requirement needed, aside from being 18 to 26 at the time of account openingDebit card with 1% cashbackNo fees It seems like someone at Standard Chartered looked at the multitude of accounts that require salary crediting and card spending, and decided – rather accurately – that there were a category of people who couldn’t meet such requirements: young people. 2% pa rate on $20,000 is an excellent rate for something that has no lock-in...
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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