Standard Chartered Wealth $aver Account Review: Multi-Currency Access and Attractive Lifestyle Perks

A fuss-free savings account with bonus interest and exclusive perks, the Standard Chartered Wealth $aver Account could be your next upgrade in savings accounts.

The Standard Chartered Wealth $aver Account is designed for individuals seeking to grow their wealth while enjoying flexibility across multiple currencies. More than just a typical savings account, it rewards you with bonus interest when you maintain higher account balances and hold qualifying assets under management (AUM) with the bank. Whether you're a frequent traveller, an investor, or simply someone with a healthy savings cushion, this account is packed with lifestyle privileges and interest-boosting features tailored to your needs.

The Standard Chartered Wealth $aver Account is a compelling option for affluent individuals who prefer a streamlined way to grow their savings while enjoying premium perks. Unlike many other high-interest accounts in Singapore, it doesn’t require salary crediting or credit card spend to unlock bonus interest. Instead, it rewards you based on your total assets under management — making it ideal for those who already invest or hold insurance with the bank.

Its multi-currency access and integration with Priority Banking features give it an edge for frequent travellers, globally mobile professionals, and those seeking a more curated banking experience. That said, the account is less suitable for everyday users with modest balances, as its best returns are gated behind high AUM thresholds.

» Read full review

The Wealth $aver Account functions as a multi-currency savings account that pays bonus interest based on your account balance and your total relationship with Standard Chartered. Specifically, it takes into account both your AUM and the amount held in your Wealth $aver Account to calculate tiered interest rates.

You earn a base interest rate on your SGD balances. Then, depending on how much you hold in eligible investments, deposits, and insurance (i.e., total AUM), you could qualify for higher interest tiers. Additional interest is credited to your Wealth $aver Account when you meet specific AUM thresholds. Interest is calculated daily and credited monthly. Additionally, clients under the Priority Banking relationship tier may enjoy preferential interest rates, exclusive rewards, and concierge access.

To earn up to 5.00% p.a. with the Standard Chartered Wealth $aver Account, you need to meet specific criteria involving your total Assets Under Management (AUM), investments or insurance purchases, and fresh fund top-ups. Here's a breakdown of how you can achieve this:

1. Earn up to 5.00% p.a. interest with a simple structure

One of the most attractive features of the Wealth $aver Account is its high interest rate of up to 5.00% p.a., which is calculated based on your total assets under management (AUM) with Standard Chartered and your investment amounts.

What sets it apart from other priority banking accounts is its simplicity — you don’t need to meet multiple conditions like monthly card spend, salary credit, or bundling a home loan to unlock higher rates. As long as you meet the required AUM tiers, your interest boosts are automatically applied.

2. Earn unlimited 1% cashback on your debit card spending

Your Wealth $aver Account comes with a linked debit card that gives you unlimited 1% cashback on eligible spending.

While that sounds like an easy win, it’s worth noting that certain transactions, including insurance premium payments, income tax payments, and online bill payments, are excluded from cashback. Still, for everyday expenses, this is a convenient way to passively earn rewards.

3. Enjoy the perks of priority banking

As a priority banking customer, you’ll gain access to an elevated suite of financial and lifestyle benefits. This includes having a dedicated relationship manager, priority queue access at branches, preferential rates on loans, and exclusive wealth advisory tools.

Whether you're looking for convenience or tailored financial guidance, these perks are designed to support a more premium and personalised banking experience.

4. Transact seamlessly with a multi-currency account

The Wealth $aver Account supports transactions in up to 14 different currencies, including USD, GBP, EUR, AUD, JPY, and more. You can hold, send, and receive foreign currencies at competitive FX rates — all within the same account.

Better still, foreign currency payments made through the account do not incur overseas transaction fees, making it an excellent choice for frequent travellers, international students, or those with overseas financial obligations.

5. Earn bonus interest on fresh funds 

Standard Chartered's Wealth $aver Top-Up Promotion offers Priority Banking clients an opportunity to earn bonus interest of up to 2.00% p.a. on incremental fresh funds deposited into their Wealth $aver Account.

This account shines most when it’s used by individuals who can commit a significant amount of funds or already have diversified holdings with Standard Chartered.

Ideal for:

1. High-income professionals – Especially those who want to grow idle funds in a high-interest account while keeping other investments or insurance plans with Standard Chartered.

2. Frequent travellers and expats – Multi-currency access and international privileges make this account a smart pick for globetrotters.

3. Affluent retirees – Those who prefer safety and liquidity, but still want to earn above-average interest with minimal effort.

Not ideal for:

1. Young adults starting out – Unless you already have a sizeable portfolio, you may not meet the minimum AUM requirements to unlock bonus rates.

2. Users looking for fee-free, no-frills savings – This is not your typical set-it-and-forget-it account. You’ll need to track AUM and optimise balances to get the best value.

Yes, the following promotions are currently available for the Standard Chartered Wealth $aver Account currently:

1. Wealth Booster Promotion

• Target Audience: Exclusively for Standard Chartered Priority Banking clients.

• Key Benefit: Earn up to 5.00% p.a. interest on your first S$1,000,000 deposit balance.

• How to Qualify for Bonus Interest:

• Relationship-based Interest: Your base interest rate is determined by your Assets Under Management (AUM) with the bank. For AUM between S$200,000 to S$1.5 million, the rate is 0.80% p.a.; for AUM over S$1.5 million, it's 1.50% p.a. (If you are not a Priority Banking or Priority Private client, the rate is 0.05% p.a.).

• Wealth Booster Bonus: To unlock additional bonus interest, you generally need to:

• Invest: Subscribe for eligible Unit Trusts, Bonds, or Structured Notes with a total subscription amount of at least S$200,000 within a calendar month.

• Insure: Purchase eligible Insurance Policy/Policies with total annual premium(s) of at least S$20,000 within a calendar month.

• Important Notes: The specific bonus interest rates from the "Wealth Booster" component vary depending on whether you are a new-to-deposits or existing client and the duration of the bonus. The overall maximum interest rate with the Wealth Booster can reach up to 5.00% p.a. for Priority Banking clients on the first S$1,000,000.

2. Wealth $aver Top-Up Promotion

• Target Audience: Priority Banking clients.

• Key Benefit: Earn up to 2.00% p.a. bonus interest on incremental fresh funds deposited into your Wealth $aver Account.

• How to Qualify:

• Registration Required: You must register for this promotion.

• Minimum Fresh Funds: Top up your account with a minimum of S$200,000 in fresh funds by 31 May 2025.

• Maintenance Period: Maintain at least S$200,000 of fresh funds in your account until July 31, 2025.

• Bonus Interest Details: The bonus interest is earned for 3 months on incremental fresh funds. For example, topping up S$1 million can earn 2.00% p.a. bonus interest, while S$200,000 can earn 1.00% p.a. bonus interest.

Note: Promotion terms and reward amounts are subject to change. For the most current and comprehensive details, including full terms and conditions, check the bank official website or Singsaver.

Here’s how the Standard Chartered Wealth $aver compares to other priority banking options:

DBS Multiplier (under DBS Treasures)

The Wealth $aver Account offers a simpler path to earning high interest compared to DBS Treasures’ Multiplier Account, which requires customers to credit salary and transact across multiple DBS products like credit cards, investments, or insurance. With Standard Chartered, you only need to maintain a qualifying AUM and Wealth $aver balance to earn up to 3.5% p.a. (or 5.5% under promotions), whereas DBS caps its maximum rate at 4.1% — and only when all conditions are met. For those who prefer fewer hoops and value multi-currency access, Wealth $aver provides greater flexibility, while DBS Treasures may suit clients already deeply integrated into the DBS ecosystem.

OCBC 360 (with OCBC Premier Banking)

Compared to OCBC’s 360 Account under Premier Banking, the Wealth $aver Account stands out for its straightforward reward structure based purely on AUM and account balance — no need for salary credit or spending on OCBC cards. While OCBC 360 offers a higher rate of 6.0% p.a.,  it requires meeting multiple criteria, including salary credit, card spend, and insurance. For high-income individuals who prefer a cleaner, asset-based model with multi-currency capability, Wealth $aver is more efficient. OCBC Premier is better suited for salaried professionals who actively use OCBC products across the board.

UOB One (with UOB Privilege Banking)

When stacked against UOB Privilege Banking’s One Account, the Wealth $aver Account offers higher potential interest and greater simplicity. UOB’s One Account can yield up to 5.3% p.a., but only if users fulfil salary credit and monthly credit card spend requirements — and even then, interest is tiered and capped. In contrast, Standard Chartered’s model is purely asset-driven, rewarding users with up to 3.5% p.a. interest based on AUM and balance, and offers the added benefit of foreign currency support. UOB Privilege may appeal to those already engaged with UOB’s ecosystem, but Wealth $aver is clearly designed for globally mobile, asset-rich individuals who value streamlined rewards.

To open a Standard Chartered Wealth $aver Account, you must be at least 18 years old. There is no minimum initial deposit requirement, but as the Wealth $aver Account is exclusively for Priority Banking clients, you would need to be one. This would require a S$200,000 deposit.

New-to-bank or new-to-deposits customers may also qualify for welcome promotions when fulfilling the relevant criteria.

You can apply online via Standard Chartered’s website or mobile banking app in just a few minutes. Existing customers can open the account through Internet Banking. Alternatively, you may visit a branch for in-person assistance — especially if you are planning to bring in significant funds and wish to explore Priority Banking options at the same time.

Do prepare your NRIC, proof of address, and income documents (if applying for bundled promotions or Priority Banking).

Read reviews of the various savings accounts in Singapore and what each account has to offer to find the best product for your needs: 

• Read the OCBC 360 Savings Account Review

• Read the UOB One Account Review

• Read the DBS Multiplier Account Review

• Read the Maybank Save Up Programme Review

• Read the CIMB FastSaver Savings Account Review

• Read the CIMB StarSaver Savings Account Review

• Read the Standard Chartered Bonus$aver Review

• Read the OCBC FRANK Savings Account Review

• Read the HSBC Everyday Global Account Review