You recieve 0.1% interest on the first $50,000

This is a decent account for kid with ages 18 and below as there are no minimum deposit, fall below fee, monthly fee or lock-in period. However, as a parent you are required to pay $50 into the account by GIRO every month. The interest rates aren’t the best but they’re not that bad either as you recieve 0.1% interest on the first $50,000, 0.15% on amounts above $50,000 up to $200,000, and 0.25% on amounts above $200,000.

Products mentioned by this review

Standard Chartered e$aver Kids

The e$aver Kids is an online trust savings account that allows parents to maintain complete contorl of their children's savings with no minimum deposit, no minimum balance, no lock-in period and no monthly fees. It is indeed a great offer for juniors.

3

1

Providers mentioned by this review

Standard Chartered Bank Singapore

Standard Chartered Bank in Singapore is an integral part of an international Banking group as it is where the bank opened its first branch in 1859. After about 150 years, the bank is still adherent to its purpose which was to drive commerce and prosperity through its unique diversity. In October 1999, Standard Chartered Bank was amongst the first international banks to receive a Qualifying Full Bank (QFB) license which is an endorsement of the Group's long-standing commitment to its commitment in the business. The Bank has won numerous accolades in the financial sector including the Singapore Quality Class (SQC) certification and certification for Innovation and Service which represents its sustainable business performance and robust management system. Standard Chartered banking system is present in 60 markets having has 1,026 branches worldwide and employ more than 86,000 people around the world. It is also among the top 100 largest companies listed on the London Stock Exchange and also listed on two of Asia's largest stock exchanges.

no reviews

5

Please leave your knowledge and opinion!

Recommending Reviews

1.5% unlimited cashback with no minimum spend

Very high cash promotions for new to bank sign ups. 1.5% unlimited cashback with no minimum spend, quite a good choice for low spenders who don’t have to fulfil different category spending. Generally decent cash back, but worth it more if you spend in larger amounts that is $800 and above. The credit billing cycle is also rather confusing to locate in-app as well.

Standard Chartered Unlimited Cashback Credit Card / Standard Chartered Bank Singapore

10X rewards points for every S$1 spent in foreign currency

This card allows users to enjoy up to 10X rewards points for every S$1 spent in foreign currency on overseas retail, dining and travel transactions, with absolute no minimum spend required. I found this offer to be very rewarding on my last overseas vacation with my wife and kids with all the dining and shopping we engaged in.

Standard Chartered Rewards+ Credit Card / Standard Chartered Bank Singapore

Earn 360◦ Rewards Points on selected mortgage loans

As a Priority Banking clients, I can earn 360◦ Rewards Points on selected mortgage loans current and savings accounts, fixed deposits, and investments, as long as I spend S$500 per month on my Visa Infinite Credit Card. Even more, my points never expire as I can redeem my 360◦ Rewards Points for air miles, cashback and other products which I can find online.

Standard Chartered VISA Infinite / Standard Chartered Bank Singapore

No minimum spend and a quick and easy application

I signed up for this card initially because it has no minimum spend and the application was generally quick and easy as compared to others however, it turns out that I had to reduce the usage of this card as I feel 1-2% cashback is too Low. There are more competitive cards outside if you can hit like at least 300 a month

Standard Chartered Spree Credit Card / Standard Chartered Bank Singapore

4X Rewards Points per S$1 spent in local currency

The Prudential Platinum Card allows me to earn additional 4X Rewards Points per S$1 spent in local currency on qualifying dining transactions, and additional 9X Rewards Points per S$1 spent in foreign currency on qualifying foreign currency transactions. However such additional Rewards Points are subject to a cap of 20,000 Rewards Points per year.

Standard Chartered Prudential Platinum Card / Standard Chartered Bank Singapore