Standard Chartered JumpStart Account
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Ease of online banking
* UPDATE The popular Standard Chartered SCB JumpStart Savings Account is changing its interest rates. The exclusive and highly attractive 2.00% p.a. for young adults will be halved to 1.00% p.a. from 1 July 2020 onwards
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Prevailing Interest Rate
1. 00% p.a. with effect from 1 July 2020
Any incremental balances above S$20,000
The prevailing interest rates for JumpStart Account
With the latest series of changes to savings accounts' interest rates, we believe that the benefits of savings accounts will be highly limited, Standard Chartered's JumpStart included.
We are anticipating many other savings accounts to follow suit. As such, we will hold off making verdicts until the dust has settled.
(The assessment below is based on rates prior to the 1 July 2020 rate revision)