Earn higher interest on your deposits with the ANZ Wealth Multiplier Account, when you invest into selected investment products. In addition, you could earn bonus interest rates on your deposits by simply consolidating your relationship with us.
Why Wealth Multiplier Account?
- Enjoy three types of attractive interest rates - Base rate, Bonus rate and Bonus plus rate
- Rates are tiered so the more you save or invest, the higher the interest rate
- No lock-in period
- Access funds at our branches and with ANZ Visa Debit Card at ANZ ATMs and ATM5 network
- Worldwide access to funds via Visa or PLUS networks.
How does it work?
The ANZ Wealth Multiplier Account is a type of deposit which pays a base rate and two additional types of bonus interest rates:
- Balance in your Wealth Multiplier Account
- Total Relationship Size (TRS) with the bank
- Eligible investments made.
Tiered interest designed so you simply earn more interest with higher balances.
Incremental interest paid on the daily balance in your Wealth Multiplier Account in the following month, based on your Total Relationship Size with us.
Bonus plus rate
Additional interest calculated based on the eligible investments made in the month and paid the following month on the daily balance in your Wealth Multiplier Account. In the event of multiple investments, the total sum invested will be used in the calculation.
|Balance in Wealth Multiplier Account (SGD)||Interest rate*(p.a.)|
* Interest rates are tiered and hence the effective rate will be blended depending on the above tiers.
|Total relationship size1 (SGD)||Bonus rate (p.a.)|
|0 to less than 200,000||0.0000%|
|200,000 to less than 500,000||0.1000%|
|500,000 to less than 1,000,000||0.1500%|
|1,000,000 and above||0.2500%|
Bonus plus rate
|Eligible investment (SGD)||Bonus plus rate+ (p.a.)|
+ Interest rate based on the eligible investment done in a month is paid in the following month on the daily balance in your Wealth Multiplier Account.
|Minimum age requirement||21 years|
|Others||The Customer must have an existing or start an ANZ Signature Priority Banking relationship with the bank.
(Refer to Terms and Conditions for more information).
|Initial deposit||SGD 5,000|
|Minimum average monthly balance||SGD 5,000|
|Fall-below fee#||SGD 10 per month|
# Waived for ANZ Signature Priority Banking clients. For ANZ Signature Priority Banking clients, SGD 50 will be charged per month if Total Relationship Size1 falls below SGD 150,000. Total Relationship Size includes deposits, investments and/or insurance.1
1. Total Relationship Size (TRS) refers to the combination of Current, Checking and Savings account(s), Term Deposits, Dual Currency Investments, Securities, Unit Trusts, Structured Products, Structured Deposits, Bonds and Insurance.
The above interests are paid on the balance maintained in the Wealth Multiplier Account. Interest is calculated on a daily balance method and paid on a monthly basis.
Above rates are subject to change and no liability therefore shall attach to the bank.
To find out more, speak to us today.
Please note that the above is published for information and general circulation purposes only and does not constitute nor purport to constitute any form of advice, recommendation or offer to sell or issue, or invitation to offer, or solicitation, to buy, invest in or subscribe for any product or service, and any representation or warranty in respect of any product or service.
This product may not be offered or sold within the United States or to or for the benefit of US Persons. Neither this document, nor any copy thereof may be sent or taken into the United States or distributed in the United States or to a US Person.
Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
The full disclaimers at our website at ANZ Singapore are deemed to be incorporated herein.
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