Do you think Standard Chartered's Jumpstart account's interest rates will go back to 2%?

Can consider Sif, RHB, CIMB, OCBC 360, SingLife or Trust Bank.

Hey Anon!

I think there is little chance that the Jumpstart account's interest rates will go back up to 2% given the current COVID situation, at least not in the near future... Although the government is pumping in money and we are slowly seeing signs of improvement and recovery, the projected recovery is slow and may take years for the economy to return back to normal. Furthermore, not only Standard Chartered, but many other banks are also slashing their interest rates. I have recently started a jumpstart account with them too but given this situation, I do not really see the incentive for Standard Chartered to up their interest rates in the near future :(

Although it is still possible for them to readjust their interest rates after the interest rates pick up, time here is a big question mark.