Standard Chartered XtraSaver Account

Standard Chartered’s XtraSaver Account is an interest-bearing current account. They offer generous CashBack on the amount spent on this current account.

It comes with a MasterCard debit card which is also an ATM card that enables you to make NETS and MasterCard payments as well as withdraw cash from its ATM machines.

The debit card is linked to its own chequing account which bears an interest rate of 0.05% p.a.

If you need a high-interest savings account, consider SCB eSaver.

There is no minimum deposit amount required to open XtraSaver but you need to maintain a minimum average daily balance of S$3000 from the second month after the account opened to avoid the S$5 per month fall-below fee.

Use this Xtrasaver Calculator to calculate the cashback.

Charges that affect you:

• Fall-below fee: S$5 (if S$3000 minimum average daily balance is not met)
• Monthly service charge: S$2
• Debit card annual fee: S$20

CashBack is only given when your average daily balance is S$6000 and above.

Monthly CashBack cap:

• MasterCard transactions at petrol stations: S$40
• Combined transactions per month: S$100

Account Balance	Cashback on Petrol	Cashback on Mastercard Transactions	Monthly Cashback on Petrol	Monthly Overall Cashback Cap
S$6,000 & above	7%	1%	S$40	S$100
S$200,000 & above	15%	3%	S$40	S$100