I am looking to start an account with standard chartered jumpstart. Is the 2% p.a is only applicable if your account balance have more than 20k? What if the amount is below?

Hey Anon, the 2% interest p.a is applicable for your first $20k regardless of the amount in your Jumpstart savings account. This means that even if there's only $100 in your bank account, it still earns 2% interest p.a since there's no minimum balance or deposit. If you account has more than $20k, then the 2% interest will only be given to your first $20k, the extra surplus thereafter gets 0.10% interest p.a, which is still higher than the typical savings account of 0.05% interest p.a

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