Good news for StanChart Jumpstart account holders - you can now earn up to 2.5% p.a. on your first $50,000 with no service fees, no lock-in, no minimum spend and no requirement for salary crediting. The headline 2.5% annual interest rate is divided into two parts:

• 2% base interest rate on deposit balances of up to S$50,000
• 0.5% step up interest rate if you make at least 1 buy trade in a calendar month

The JumpStart Account is StanChart's no frills high yield savings account for young adults between 18 and 26 years old. You can enjoy a fuss-free, straightforward interest crediting scheme on your savings up to $50,000 of 2% annually, which is higher than Trust Bank's 1.5% base interest rate. In addition, if you're an investor that executes at least 1 buy transaction on the SC Online Trading platform, Online Unit Trust platform, or any Bank Branch every month, you can boost your interest rate to 2.5%....