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Anonymous

30 May 2020

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Longevity of JumpStart account: How does the age range work?

I just applied and got accepted for the JumpStart account today. The age range is from 18-26, and I am 21 this year. Will I still be able to use the account and make use of the interest rate once I am outside of the age range in 6 years?

Standard Chartered JumpStart Account

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MJ

30 May 2020

Yes, you'll still be able to use the account even after you are past 26.

However, this is a gentle reminder that it is capped to the first SGD20,000.

By the time you are 27, I believe that there might be a better high-interest savings account, so please do look out!

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Pang Zhe Liang

21 May 2020

Lead of Research & Solutions at Havend Pte Ltd

Basically, you are able to open the account if you are aged 18 to 26. Once you have opened the acccount, you are able to keep it beyond age 26.

I share quality content on estate planning and financial planning here.

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I'm a student & working part time. I try to save 20% of pay each month. Is scb jumpstart a good account to credit my salary and for savings? Is it easy to transfer to other bank accounts such as POSB?

My mum is 70 y/o this year and still working. At her age, is it still advisable to do TOP-up to her cpf account? Separately, what can I do TOP up to her Medisave account?

Hi, how does the Standard Chartered Jumpstart account works? Can anyone illustrate what happens for eg. if I have $1000 in my account and credit $100 per month of my salary?

Hi! I am 25 turning 26 this year. Does anyone know if i can open the SCB jumpstart account first and not put any monies inside, just to capitalise on the age limitation?

I am a fresh graduate who is about to commence work. I have the Jumpstart and OCBC360 savings account but the interest rates plunged so I am thinking of opening DBS Multiplier. Should I?

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