Standard Chartered JumpStart Account
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Standard Chartered JumpStart Account
Standard Chartered JumpStart Account
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Summary
JumpStart is a popular, fuss-free savings account suitable for youths and young adults between 18 to 26 years old.
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Summary
JumpStart is a popular, fuss-free savings account suitable for youths and young adults between 18 to 26 years old.
Standard Chartered JumpStart Account
Maximum Interest: 2.50% p.a. for balances up to S$50,000
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
4.8
783 Reviews
Service Rating
Customer Support
Ease of online banking
High to Low
Posted 17 Jun 2024
Purchased
Standard Chartered JumpStart Account
0
Posted 08 Jun 2024
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Standard Chartered JumpStart Account
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Posted 22 Dec 2023
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Standard Chartered JumpStart Account
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Posted 25 Jul 2023
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Standard Chartered JumpStart Account
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Posted 18 Jul 2023
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Standard Chartered JumpStart Account
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Posted 27 Jun 2023
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Standard Chartered JumpStart Account
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Posted 24 Jun 2023
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Standard Chartered JumpStart Account
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Posted 16 May 2023
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Standard Chartered JumpStart Account
0
Posted 02 May 2023
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Standard Chartered JumpStart Account
0
Posted 28 Mar 2023
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Standard Chartered JumpStart Account
0
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321 Reviews
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JumpStart is a simple and high-interest savings account that offers a Base interest rate of 2.00% pa and Step-Up interest rate of 0.50% pa if you invest (refer to JumpStart Step Up Interest Terms & Conditions on Standard Chartered's website), for account balances up to S$20,000, all year round.
Account Balance | Prevailing Interest Rate |
---|---|
First S$20,000 | 2.00% p.a. |
Step up interest on deposit balances up to $20,000 when you invest | 0.50% p.a. |
Prevailing Interest Rates for JumpStart Account
The coolest thing about the SCB JumpStart savings account is that it is fuss-free.
You don't have to credit your salary, spend anything on SCB credit cards, take on a home loan, or even buy insurance policies and invest in a unit trust just to get the interest.
All you have to do is deposit any amount of money in your account, and you'll be able to enjoy the 2.00% p.a. interest all year round.
Even though that's higher than the average bank account's standard 0.05% p.a., you might still wanna consider putting your money somewhere else to really maximise your returns.
Prior to the interest rates revisions, the JumpStart is a fuss-free savings account that is easy to recommend.
As long as you're within the age range, it's a no-brainer since it gives a 2.00% p.a. interest without you having to do anything at all.
Pros
Cons
It is still a fuss-free savings account worth considering because you don't need to do anything in order to qualify for the interest. You literally just deposit your money in the account and let it grow.
Considering that most savings account require you to jump through a few hoops or at least deposit a monthly salary, the JumpStart account is worth keeping if you're currently own it.
Because you can continue to maintain the account and its interest rates even after you turn 27 year old.
Just wait till the economy improves and the interest rates are restored, and the JumpStart account will easily triumph most savings accounts out there.
Contact us at [email protected] should you require any assistance or spot any inaccuracies.
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