TL;DR
- Standard Chartered (Stanchart) has recently increased the interest rates paid on their Bonus Saver (Bonus$aver) account to 4.88% per annum.
- While the realistic interest rate is 1.88%, it is worthwhile to be putting money into the Stanchart Bonus Saver (Bonus$aver) account if you have less than $75,000.
- The UOB One account is the better option if you have more than $75,000
Standard Chartered (Stanchart) has
recently joined the ranks of other banks and increased their interest rate on the Bonus Saver (Bonus$aver) deposit account.
The new maximum interest rate? An amazing
4.88%.
But the bigger question is, how much effort does it take? Is
4.88% the realistic number to look at?
Once again, let me use simple math and show you how much interest you can get.
Stanchart Bonus Saver (Bonus$aver) account review
Similar to other local Banks, this deposit account requires you to fulfil certain requirements before you can earn the full 4.88%.
The requirements include the difficult (or dreaded) categories – Invest and Insure....
