Is the SC JumpStart Account SDIC-insured?

Yes. The SC JumpStart Account is SDIC-insured up to S$100,000 per depositor per member bank.

SAVINGS / Standard Chartered Bank (Singapore)

SC JumpStart Account

Q: What is the interest rate on the SC JumpStart Account?

The SC JumpStart Account pays a base rate of 0.5% p.a., up to 1.5% p.a. with bonus tiers. For youths aged 18-26. Base 0.50% p.a. on first S$50,000 (0.10% above S$50,000) + Step-Up interest 1.00% p.a. on balances up to S$50,000 when you invest (Unit Trust or Online Trading) = up to 1.50% p.a. total. No lock-in, no salary crediting requirement. Verified 4 Sept 2026 against the official Standard Chartered Bank (Singapore) website.

Standard Chartered Bank (Singapore) · Singapore · Verified 4 Sept 2026

BASE RATE

0.5% p.a.

MAX RATE (ALL TIERS)

1.5% p.a.

BALANCE CAP

S$50,000 (base and step-up interest on balances up to S$50,000; 0.10% above S$50,000)

■ BONUS TIER REQUIREMENTS

Salary credit NOT REQUIRED

Card spend NOT REQUIRED

Bill payments (GIRO) NOT REQUIRED

Insurance / investments via bank REQUIRED

SDIC insured YES — S$100,000 per depositor per member bank

Minimum balance none (no minimum deposit)

Monthly fee none (no service or annual fees)

HOW THE RATE WORKS

For youths aged 18-26. Base 0.50% p.a. on first S$50,000 (0.10% above S$50,000) + Step-Up interest 1.00% p.a. on balances up to S$50,000 when you invest (Unit Trust or Online Trading) = up to 1.50% p.a. total. No lock-in, no salary crediting requirement.

SOURCE

https://www.sc.com/sg/save/savings-accounts/jumpstart

Standard Chartered Singapore official JumpStart page (0.50% p.a. base up to S$50,000, 1% p.a. Step-Up when you invest, no min deposit/fees, ages 18-26) + sc.com/sg/important-information/revision-of-bonusaver-myway-jumpstartaccount (1 May 2026 revision: first S$50,000 0.05%->0.05%... JumpStart prevailing rates table)

Verified 4 Sept 2026. Rates change — always confirm on the official site.