What would people splurge on if they had more money in their bank account? Keep reading to find out!
Ever dreamt of getting extra money? We asked you what you’d indulge in if you received a cool $7,880, and here’s what we found. From globe-trotting dreams to investing in financial freedom, read on for a dose of inspiration on how to splash out. But there’s more: we dish on a must-know high interest savings account that can actually make getting that extra money a reality.
Wanderlust dreams
When it comes to extra money, the wanderlust kicks in. Whether it’s spending a white Christmas or lounging on a tropical beach, a little extra money in the pocket can turn your travel fantasies into unforgettable adventures.
The practical side of me wants to say putting it aside for savings but I’d really love to splurge on a trip to Italy. – Nicole
I’d spend it on that holiday that is on my bucket list. $7k would be enough for me to comfortably cover a good chunk of my expenses without needing to scrimp throughout the year to make sure I have enough spending money. – Ashe
Family memories
Nothing beats quality time with our loved ones, and with extra money comes more opportunities to treat the fam to good food, drinks and gifts.
I’d treat my family and friends to a fancy meal with unlimited booze, followed by a wild shopping spree for my adorable little nieces at the toy shop of their dreams (to ensure I’ll be Favourite Aunt #1 for the next few weeks or so). – Benita
Money moves
Who says financial planning is boring or hard to achieve? Make smart money moves and your future self will thank you. Speaking of which, keep scrolling till the end for a way to make your money work harder…
This is going to sound boring… I’ll transfer part of the extra money to a separate bank account, which I only touch on “rainy days”. Part of the remainder will be given to my parents, and the rest will be left to accrue a bigger interest. Of course, I’ll splurge a bit on myself, too – a reward for surviving this year! – Sufyan
Using the extra money, I hope to pay down high-interest debt, such as credit card balances or loans. It’ll save my wallet in the long run and improve my financial well-being. – Adli
I’ll start building or bolstering an emergency fund to provide a financial safety net for unexpected expenses like medical bills, car repairs, or job loss especially since I enter adulthood this year. – Fiona
Supercharge your savings with up to 7.88% p.a. interest per year
Looking to maximise your savings? Introducing the Standard Chartered Bonus$aver Account – your ticket to earn up to 7.88% p.a. interest from your very first dollar (yes, up to $7,880!) for the first $100,000. This savings account comes with a debit card or credit card and multiple ways to rack up that coveted high interest rate.
For starters, get a minimum of 4.88% p.a interest each month (that’s $4,880 each year!) in three easy steps:
- Credit your monthly salary via GIRO to your SC Bonus$aver account for 2.5% p.a. bonus interest.
- Spend at least $2,000 on eligible transactions with your Bonus$aver Credit or Debit card each month for 2.05% p.a. interest (inclusive of prevailing interest rate of 0.05% p.a.).
- Make at least 3 bill payments of $50 each month with your SC Bonus$aver account either through GIRO or SC Online Banking for 0.33% p.a. bonus interest.
But don’t stop there – take your annual interest up to the maximum by investing and insuring through your Bonus$aver account to hit that 7.88% p.a. interest rate:
- Get 1.5% p.a. bonus interest when you purchase an eligible insurance policy with a minimum annualised premium amount of $12,000.
- Get 1.5% p.a. bonus interest when you purchase an eligible unit trust with a minimum single subscription amount of $30,000.
If you’re on the hunt for a credit card, sign up for both the Bonus$aver Account and the Bonus$aver World Mastercard Credit Card for limited-time perks, from now till 31 December 2023. Snag a free Samsonite luggage worth $450 when you deposit and maintain $50,000 in fresh funds. Plus, get an additional $100 cashback when you credit your salary within the first two months of account opening. T&Cs apply.
The cherry on top? Stand a chance to win a S$20,000 cash prize and up to S$500 cashback. T&Cs apply.
If you’re ready to boost your finances, look to Standard Chartered Bonus$aver Account to make every dollar count. (T&Cs apply. Insured up to S$75k by SDIC.)
This post is in partnership with Standard Chartered.
