Anonymous

29 Jan 2020

∙

Is the Standard Chartered Jumpstart Account any good?

Any comments on Standard chartered jumpstart account which offers 2% pa interest? Any better bank account to opt for?

Standard Chartered JumpStart Account

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Yanisa Koh

23 Dec 2019

Yes it's definitely good if you qualify for it!

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Bjorn Ng

22 Dec 2019

Business Analyst at 10x Capital

It's great!! Only if you are below 26 though.. 2% pa on 20K.

Apart from that, you can consider DBS Mulipliter or UOB One. I am using both because UOB One do not need salary credit as a main criteria. So my salary is to DBS, and my spending is on my UOB card.

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Isabel Wong

17 Dec 2019

If you spend less than $500 a month - this account is the best for you (treat it as an FD). If you have more than 20k put the balance in other high interest rates accounts.

If you can meet the min $500 spending then UOB one (it goes well with the card). Make sure you have around 50-75k though.

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Vicki Chng

17 Dec 2019

It's good but you must be under 26 which sadly I do not qualify for ahaha

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Cedric Jamie Soh

17 Dec 2019

Director at Seniorcare.com.sg

Its only good for the $20,000 savings. If you have more, go for

OCBC 360
UOB One account

If y...

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Standard Chartered's Jumpstart account recently revised its rates. Used to be a good deal but now maybe not. Anyone moving to Singlife after this announcement also? Maybe Singlife will change too?

I just turned 18 and opened my Standard Chartered JumpStart account. Should I move all of my childhood savings from POSB into the JumpStart account?

About the standard chartered jumpstart account, it's 2% interest p.a right? Meaning if I have 20k in my account I'll get 400$ for the year that will be split up and credited monthly into my account?

Now that standard chartered jumpstart account has a drop in interest rate, is it wise to close that account and put in Singlife? Any ideas how to close SC account?

Should I stick with my current OCBC account until I graduate before moving on to another savings account (+ credit salary) OR switch to another savings account (e.g. Standard Chartered Jumpstart) now?