What is Standard Chartered PrivilegeSaver, and how to earn up to 6.15% p.a.?
On top of earning the base interest (0.05% per annum), the Standard Chartered PrivilegeSaver rewards you with bonus interest worth up to 6.15% p.a. on your savings for up to RM100,000 Monthly Average Balance in your savings account when you meet all the requirements below during the month.
Open to existing and new clients of the Standard Chartered PrivilegeSaver, here’s how you can earn the bonus interest:
- Earn 0.70% p.a. bonus interest: Deposit a minimum of RM3,000 of fresh funds into your PrivilegeSaver account
- Earn 0.70% p.a. bonus interest: Spend a minimum of RM500 with your Standard Chartered Credit Card
- Earn 0.70% p.a. bonus interest: Perform at least two (2) JomPAY bill payment transactions via your PrivilegeSaver account
- Earn 2.00% p.a. bonus interest (for 3 months): Invest a minimum of RM10,000 in Online Unit Trust(s) by Standard Chartered
- Earn 2.00% p.a. bonus interest (for the first 6 months): Join Standard Chartered as an Employee Banking client and deposit RM3,000 in fresh funds into your PrivilegeSaver account
This campaign will end on 31 January 2026, with terms and conditions applied.
Are there any fees that I should know about?
If you’d like to close your account within 3 months, there’s an RM20 fee, and if there’s a need for a paper statement, an RM2 fee will apply. Other fees can be found here.
What are the requirements for opening an account?
You must be 18 years of age to be eligible to open a Standard Chartered PrivilegeSaver account. You will only need your IC (for Malaysians) and a valid Passport and Visa with validity of not less than 6 months (for foreigners) to register. There’s no minimum deposit required to open an account.
Can I manage the account online?
Yes, you can. Your PrivilegeSaver account is available online via Standard Chartered Online Banking or the SC Mobile App for the freedom to move your money as you see fit. It will also make tracking your transactions easy, both physically and online.
You can also opt for an e-statement rather than a hard copy for better access whenever you need it on all your devices.
