Anonymous
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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Gabriel
20 Mar 2020
Undergraduate at National University of Singapore
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Kenneth Lou
23 Jan 2020
Co-founder at Seedly
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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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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Hey Anon, it's similar to all/most bank accounts where it gets credited on the last day of the month. Basically, you'll be able to see the interest credited on the first day of the month when you wake up :)