When do you get the 2% interest rate for the SCB Jumpstart account? - Seedly
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Standard Chartered

Standard Chartered JumpStart Account

Savings Account

Asked by Anonymous

Asked on 23 Jan 2020

When do you get the 2% interest rate for the SCB Jumpstart account?

Hi guys. I saw this account and I was thinking of signing up. I noticed that the interest is 2% p.a. Does that mean they only give you the 2 % at the end of the year or it's every month? If it's every month, which date do they give you the interest on? (Sorry for noob question)

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Jia Hao Liew
Jia Hao Liew
Level 3. Wonderkid
Answered on 23 Jan 2020

It's 2% per year. You get interest on the last working day of each month if I'm not wrong.

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Question Poster

23 Jan 2020

Thank You!
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered on 23 Jan 2020

Hey there! I have this account as well. You get the interest credited to your account at the end of the month. (last day)

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Question Poster

23 Jan 2020

Thank You!

According to the product terms, "Prevailing interest will be calculated at the end of each day and credited to your JumpStart account at the end of each month".

The full details can actually be found online and you can read them here: https://av.sc.com/sg/content/docs/jumpstart_product_terms.pdf

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Question Poster

23 Jan 2020

Thank You! This is helpful šŸ‘