{"id":286667,"date":"2023-12-19T08:16:29","date_gmt":"2023-12-19T00:16:29","guid":{"rendered":"https:\/\/thehoneycombers.com\/singapore\/?p=286667"},"modified":"2024-01-31T17:11:54","modified_gmt":"2024-01-31T09:11:54","slug":"standard-chartered-bonussaver-high-interest-savings-account","status":"publish","type":"post","link":"https:\/\/thehoneycombers.com\/singapore\/standard-chartered-bonussaver-high-interest-savings-account\/","title":{"rendered":"We asked, you answered: Here\u2019s what you can do with an extra $7,880 a year"},"content":{"rendered":"

Ever dreamt of getting extra money? We asked you what you\u2019d indulge in if you received a cool $7,880, and here\u2019s 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\u2019s more: we dish on a must-know high interest savings account that can actually make getting that extra money a reality.<\/p>\n

Wanderlust dreams<\/h3>\n
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Photography: Pixabay via Pexels<\/figcaption><\/figure>\n

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.<\/p>\n

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<\/em><\/p>\n

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<\/em><\/p>\n

Family memories<\/h3>\n

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.<\/p>\n

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<\/em><\/p>\n

Money moves<\/h3>\n
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Photography: Cottonbro Studio via Pexels<\/figcaption><\/figure>\n

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\u2026<\/p>\n

This is going to sound boring\u2026 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 \u2013 a reward for surviving this year! – Sufyan<\/em><\/p>\n

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<\/em><\/p>\n

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<\/em><\/p>\n

Supercharge your savings with up to 7.88% p.a. interest per year<\/h3>\n
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Photography: Kindel Media via Pexels<\/figcaption><\/figure>\n

Looking to maximise your savings? Introducing the Standard Chartered Bonus$aver Account<\/a> \u2013 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<\/a> comes with a debit card or credit card and multiple ways to rack up that coveted high interest rate.<\/p>\n

For starters, get a minimum of 4.88% p.a interest each month (that\u2019s $4,880 each year!) in three easy steps:<\/p>\n

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  1. Credit your monthly salary via GIRO to your SC Bonus$aver account for 2.5% p.a. bonus interest.<\/li>\n
  2. 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.).<\/li>\n
  3. \u00a0Make 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.<\/li>\n<\/ol>\n

    But don\u2019t stop there \u2013 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:<\/p>\n