The Standard Chartered Wealth $aver Account is a premium Priority Banking savings account tailored for wealthy individuals looking to grow and manage their wealth across multiple currencies. It offers competitive interest rates of up to 4.00% p.a. on the first S$1 million deposit balance, combined with exclusive lifestyle perks and banking privileges.

Is this account the right fit for you? Let’s unpack how it works, who it benefits most, and what you need to enjoy its offers.

>>MORE: A full guide to priority banking in Singapore (2025)

The Wealth $aver Account offers a fuss-free multi-currency deposit solution with bonus interest tied to your Priority Banking relationship and total AUM with Standard Chartered. You earn a base rate of 0.05% p.a. on your account balance, with potential for bonus interest up to 5.00% p.a. by meeting criteria that include deposit balances, investment, insurance holdings, and fresh fund top-ups.

This account features:

• High interest rates up to 5.00% p.a. on eligible balances

• Unlimited 1% cashback on local and foreign currency debit card spending with no minimum spend or cap

• S$0 overseas transaction fees on foreign currency debit card transactions

• Access to up to 14 currencies in a single account with competitive FX rates

• Complimentary HoteluxElite membership (worth US$129)

• Fuel savings up to 16%

• Priority Banking benefits including dedicated relationship managers and wealth expertise

This offering is exclusive to Priority Banking clients, making it well-suited for those with significant deposits or investments with Standard Chartered.

SingSaver’s take

The Wealth $aver Account is a compelling choice for affluent clients who want simplicity coupled with high returns and lifestyle perks. Unlike accounts requiring multiple criteria like salary crediting or card spend, this account’s bonus interest hinges primarily on your total AUM and fresh fund injections — ideal for those already investing or insured through the bank. Its multi-currency capability and zero foreign transaction fees enhance its appeal for frequent travellers and expatriates.

Unlike other savings accounts that require multi-category spending or salary crediting, the Standard Chartered Wealth $aver Account primarily rewards clients based on their banking relationship tier (Non-Priority, Priority Banking, or Priority Private) and the size of their balance, with additional bonus rates from wealth or deposit promotions.

• Base interest rate: From 0.05% p.a. depending on balance tier

• Bonus interest: Earned for new-to-deposits, Top-Up Promo and fresh funds

• Maximum interest rate: Up to 4.00% p.a. on eligible balances 

• Flexibility: No fixed lock-in — you can withdraw your funds anytime while continuing to earn interest

How to earn bonus interest

The Standard Chartered Wealth $aver Account rewards you with higher interest when you build and maintain a strong Priority Banking relationship. To unlock the best rates, it’s not enough to just hold a basic balance — you’ll need to place fresh funds or engage with eligible wealth products.

Here’s how you can maximise your returns:

1. Top up fresh funds

   • Register for the current Top Up Promotion and place at least S$200,000 in fresh funds. Maintaining this until the qualifying date unlocks +1.00% p.a. bonus interest for three months on balances up to S$1,000,000.

2. Invest with Standard Chartered

   • Commit at least S$200,000 into eligible investment products, such as unit trusts or structured notes, to qualify for the Wealth Booster Promotion. This earns you an additional +1.50% p.a. for six months if you’re new-to-deposits, or +1.00% p.a. if you’re an existing depositor.

3. Insure through Standard Chartered

   • Purchasing an eligible Prudential insurance policy with at least S$20,000 annual premium also qualifies you for the Wealth Booster bonus interest. This is a straightforward way to stack extra returns if insurance already aligns with your financial planning.

4. Maintain Priority AUM

   • The higher your Assets Under Management (AUM) with Standard Chartered, the higher your base rate. Priority Private clients (≥S$1.5m AUM) enjoy 1.50% p.a. on the first S$1,000,000, compared to 0.80% p.a. for standard Priority Banking clients.

5. Leverage the debit card perks

   • Don’t overlook the 1% unlimited cashback on debit card spend and zero overseas transaction fees. While these don’t affect your interest rate, they add extra value to your overall returns.

Putting it into practice

Let’s take a look at this example. Suppose you have S$80,000 in your OCBC 360 Account and carry out the following actions monthly:

• Credit a monthly salary of S$3,000

• Increase your savings by S$500 per month

• Spend S$600 on your OCBC Rewards Credit Card

Based on these three actions, you’ll already be earning bonus interest across three categories, potentially pushing your effective interest rate (EIR) above 3% p.a. That’s nearly S$2,400 a year in interest, all without locking your money away in a fixed deposit.

To maximise your interest rate earnings in this scenario, simply add on insurance and/or investment products with OCBC, and your returns can grow even closer to the 6.30% p.a. maximum.

>>MORE: How does priority banking help to grow your wealth?

Opening a Standard Chartered Wealth $aver Account is straightforward if you qualify for Priority Banking. To start with, all applicants must be at least 18 years of age.

Documents required

When applying, you’ll need to provide:

Singaporeans/PRs

• NRIC (front and back)

• Proof of address (if different from NRIC)

• No documents are required for Singpass holders

Foreigners

• Valid passport

• Employment Pass, S Pass, or Student Pass (minimum validity of 6 months)

• Proof of residential address (e.g., tenancy agreement, utility bill, or bank statement dated within the last 3 months)

The application process is streamlined for MyInfo users. Existing customers applying via SingPass (MyInfo) can skip document uploads and benefit from a faster application process.

Deposit requirements

Minimum initial deposit: S$200,000

Fall-below fee: S$5 per month if the average daily balance for that month is less than S$3,000

Early account closure fee: $30 if within 6 months

Wondering if the Wealth $aver Account is the best choice for you? Here’s how it stacks up against other high-yield savings accounts (HYSAs) in Singapore:

Which savings account is best for me?

When comparing these accounts, your choice depends on your financial profile and priorities.

The Standard Chartered Wealth $aver Account is most rewarding for affluent clients who can meet the Priority Banking relationship requirement of at least S$200,000 in assets under management. With the right combination of wealth products or fresh fund placements, clients can unlock attractive rates of up to around 4% per annum on balances as high as S$1 million.

For working professionals seeking a balanced and flexible option, the OCBC 360 Account provides solid returns of 3–4% per annum in most realistic scenarios, with the possibility of reaching as high as 6.30% per annum for those who fully maximise its salary crediting, saving, spending, and wealth categories.

On the other end of the spectrum, the Standard Chartered Bonus$aver Account offers the market’s highest potential return of 8.05% per annum. However, this reward is conditional on meeting multiple strict requirements each month, making it most suitable for highly disciplined users who can consistently maintain their spending and banking activities.

For those with international or multi-currency needs, the HSBC Everyday Global Account stands out. In addition to FX convenience for frequent travellers, it also provides enhanced rates, though these are linked to limited-time promotions that may not always be available.

Lastly, the CIMB StarSaver Account is a straightforward choice for individuals who prefer simplicity. Its fuss-free tiered interest rates eliminate the pressure to meet monthly conditions, making it ideal for savers who just want guaranteed returns without the need to track multiple requirements.

1. Check your eligibility: You must be at least 18 years old and qualify for Priority Banking with a minimum of S$200,000 in Assets Under Management (AUM). Clients with S$1.5 million or more qualify for Priority Private.

2. Prepare your documents: NRIC for Singaporeans/PRs; passport, valid pass (minimum six months), and proof of address (e.g., utility bill, tenancy agreement, or bank statement) for foreigners.

3. Apply online or in branch: Speed up the process using MyInfo via Singpass on Standard Chartered’s website, or apply at a physical branch if preferred.

4. Submit your application: Fill in personal details and upload documents online (or have them verified at the branch).

5. Fund your account: Place at least S$200,000 in fresh funds to start your Priority Banking relationship. Interest is paid only on SGD balances up to S$1,000,000.

Think of the Standard Chartered Wealth $aver Account as the premium option that rewards you not for small monthly actions like crediting your salary or spending on a card, but for building a strong overall banking relationship. Every time you place fresh funds, invest, or insure with the bank, you unlock higher interest and promotional boosts — steps that align with growing your wealth holistically.

That said, not everyone will be able to enjoy the top rates, since they require meeting Priority Banking’s minimum AUM of S$200,000 and, for the best base rates, Priority Private’s S$1.5 million threshold.

Ultimately, whether this account is right for you depends on your financial profile. If you’re already managing significant investible assets and want an account that scales with your relationship, Wealth $aver offers competitive returns with perks like cashback and multi-currency access. On the other hand, if you’re just starting out or prefer lower-entry high-yield accounts, you may find simpler options more suitable.