What is Standard Chartered PrivilegeSaver and how to earn up to 4.15% 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 4.15% p.a. on your savings for the first 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 RM1,000 with your Standard Chartered Credit Card
- Earn 0.70% p.a. bonus interest: Spend a minimum of RM1,000 with your Standard Chartered Debit Card
- Earn 2% p.a. bonus interest (for 3 months): Invest a minimum of RM40,000 in a Unit Trust fund by Standard Chartered
This campaign will end on 31 January 2025, 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 validity of not less than 6 months (for foreigners) to register. There’s no minimum deposit required to open an account.
Click here for a step-by-step guide, including the eligibility criteria and documents required to open a bank account online.
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 physical 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.
