Standard Chartered launches high interest ‘everyday account’

Standard Chartered today launched 'Bonus Saver', a unique everyday account that provides customers an opportunity to earn a 3% p.a. return on their deposit balances.

The Bonus Saver account is unique as it combines benefits of a fixed deposit and a transactional account. Customers can now transact freely and earn high rate of returns on the same account.
 
Bonus Saver is ideal for a wide range of customer segments who desire financial flexibility and value in a transactional account.

Bonus Saver account holders can conveniently make payments, remittances, and manage their finances using Standard Chartered’s online banking platform and Breeze, the bank’s innovative mobile banking application.

All Bonus Saver customers are required to do is to maintain deposit balances and spend on their debit card to earn a 3% p.a. return. Standard Chartered has launched this product in Singapore and it has been very popular with customers.

Commenting on the launch of the product, Khalid El Gibaly, Regional Head of Consumer Banking, UAE and Middle East, Standard Chartered, said: “The Bonus Saver account was designed to match the various spending and savings behaviours and needs of our UAE customers. It offers a unique and unmatched proposition to earn high return on an “everyday account”.

The launch of this product comes in line with our efforts to provide best in class services and products to our customers in the UAE.”

Standard Chartered has been operating in the UAE since 1958 and has the largest distribution network among international banks operating in the UAE with 11 branches, five EBUs and more than 100 ATMs and CDMs.

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