TL;DR
Priority banking accounts offer attractive benefits to customers such as sign-up rewards, preferential interest rates, and additional rewards for purchase of investment or insurance products.For example, Citigold is offering up to S$1,600 of cash rewards for customers who deposit up to S$1 million. Standard Chartered Priority Banking is offering a $7,000 sign up bonus for deposits above S$1 million.Citigold is offering a preferential interest rate of up to 3.4% per annum on a 3-month and 6-month fixed deposit with a minimum deposit of $250,000. HSBC Premier is offering $3,000 cash credit for customers who place $350,000 in fresh funds with HSBC Premier and purchase S$50,000 in wealth products. You may have heard of banks’ priority banking programs - programs with exclusive perks catering to wealthier individuals, especially those that can engage in significant financial transactions with a bank. To qualify for priority banking services in Singapore, your account must maintain...