The maximum annual interest for deposits of S$150,000 in the One Account is S$6,000 and is
calculated based on the maximum effective interest rate (EIR) of 4.00% p.a., provided customers
meet both criteria of S$500 eligible card spend AND a min. S$1,600 salary credit via GIRO/PAYNOW
(with the transaction reference “SALA”/ “PAYNOW SALA”) in each calendar month.
Maximum effective interest rate (EIR) on the One Account is 0.65% p.a. for deposits of
S$75,000, provided customers meet criterion of S$500 eligible card spend in each calendar month.
Maximum effective interest rate (EIR) on the One Account is 2.40% p.a. for deposits of
S$125,000, provided customers meet both criteria of S$500 eligible card spend AND 3 GIRO debit
transactions in each calendar month.
Maximum effective interest rate (EIR) on the One Account is 4.00% p.a. for deposits of
S$150,000, provided customers meet both criteria of S$500 eligible card spend AND a min. S$1,600
salary credit via GIRO/PAYNOW (with the transaction reference “SALA”/”PAYNOW SALA”) in each
calendar month.
Deposit Insurance Scheme:
Singapore dollar deposits of non-bank
depositors and monies and deposits denominated in Singapore dollars under the Supplementary
Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000
in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore
dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately
insured up to S$100,000 for each depositor per Scheme member.