Standard Chartered Bonus$aver
Use Code: DBF6F
Bonus$aver offers high interest rate for those who can consistently meet the spend and salary crediting requirements
Standard Chartered’s Bonus$aver Account is getting a boost. From 1 June 2025, the bank is raising bonus interest rates across several categories, enhancing the potential returns for customers who meet the required conditions.
Category | Old Rates | New Rates (After 1 June 2025) | Notes |
Base Rate | 0.05% | 0.05% (unchanged) | Applies to full balance |
Card Spend | 1.00% | 1.50% | With S$1,000/month spend on eligible transactions |
Salary Credit | 1.00% | 1.50% | With S$3,000/month salary credit via FAST, GIRO, or PayNow |
Invest | 2.00% | 2.50% | 6‑month bonus interest for ≥ S$20K investments |
Insure | 2.00% | 2.50% | 6‑month bonus interest for ≥ S$12K premiums |
Maximum Effective Interest Rate | 6.05% | 8.05% | On first S$100K balance |
How to Earn 3.05% p.a. Interest
- Credit a salary of at least S$3,000/month via FAST, GIRO, or PayNow. There are no hacks for this at the moment.
- Spend at least S$1,000/month on your linked Bonus$aver credit (recommended, more on that later) or debit card.
While spending S$1,000/month unlocks bonus interest, you will not earn any cashback on that S$1,000 spend.
⚠️ Excluded transactions include ATM withdrawals, bill payments, loan repayments, EZ-Link top-ups, AXS payments, and recurring instalments. Always check the full exclusions list.
How to Earn an Additional 2.5% p.a. Bonus Interest via Invest Tier (Valid for 6 Months)
Choose one of the following:
Invest in Unit Trusts: Subscribe and settle a trade for S$20,000+ in eligible unit trusts via SC.
Trade Equities: Execute S$20,000+ in cumulative buy trades via SC Online Trading within a calendar month.
✅ Low-cost option: One buy trade per month qualifies, and you can sell immediately. Stick to SGD-denominated assets to avoid FX risk.
Is The Invest Tier Worth it?
To qualify for the 2.5% bonus under the Invest category, you’ll need to execute at least S$20,000 in cumulative buy trades per calendar month via SC Online Trading. You will need to sign up for a SC Online Trading account too.
Given that the bonus runs for six months, and the requirement can be fulfilled with one single buy trade (which can be sold immediately), the cost of qualifying is relatively low — particularly with SGD-denominated assets to avoid foreign exchange risk.
For a S$100,000 balance, hitting the spend, salary credit, and invest criteria yields about S$5,550/year, which could easily beat the UOB One and OCBC 360 Account interest.
Optional: (Harder to Achieve!)
- Purchase insurance with at least S$12,000 in annual premiums through Standard Chartered. I would not go for it.
Keep in mind:
- The invest and insure bonuses are valid for 6 months only.
- All bonus interest is credited monthly, the month after you meet the requirements.
💳 Step-by-Step Optimisation Application Strategy
NOTE: Enter code DBF6F if prompted during sign-up
Steps | Requirements | Rewards |
Deposit S$50,000 fresh funds. Maintain deposit until the end of the next calendar month after account opening | 50 units of SPDR STI ETF (SGX:ES3) (~S$198) + S$60 SG60 sign-up cashback + S$30 referral bonus (via my link) | |
Must be opened by the end of the following calendar month after Bonus$aver Account opening. Your free ETF shares will be credited here | S$60 cashback for every S$60K traded (inclusive of buy + sell trades, net of fees). You can earn a maximum cashback of S$600 for S$600K trade volume between 1 July – 30 Sept 2025. |
Tip: If you are new to SC credit cardholder, you can further maximise your sign up rewards by applying for a credit card below first before signing up for the Bonus$aver Account. To keep it simple, cashback hunters can go for SC Simply Cash Card while miles chasers can go for SC Journey Card.
Standard Chartered Simply Cash Card
Earn 1.5% cashback with no minimum spend and no cap
Standard Chartered Journey Card
Earn 1.2 miles per dollar on local spend, 2 miles per dollar on foreign currency spend, 3 miles per dollar on selected bonus categories
2 Priority Pass visits per membership year
Conclusion:
With a potential effective interest rate of 5.55% p.a., the revamped Bonus$aver is a strong choice for those who have more than S$50K of fresh funds to park and can consistently meet the spend and salary crediting requirements — and are willing to make the extra step of executing trades once every 6 months.
