Rather than letting your balances lie idle, why not consolidate your accounts and let your wealth multiply?All you need is a single consolidated account which pays accelerated interests on your deposits whilst you're investing through ANZ.
At our bank, all you need is just a single consolidated account which pays accelerated interests on your deposits when you invest with us.
This is made possible with Wealth Multiplier Account, where you will potentially enjoy two additional types of bonus interest rates based on your total relationship with us.
Simply put, the more you deposit or invest with us, the better returns you will receive.
Why Wealth Multiplier Account?
- Three different types of attractive interest rate – Base Rate, Bonus Rate and Bonus Plus Rate
- Rates are tiered and hence the more you save or invest, the higher interest you earn
- There is no lock-in period to enjoy this high interest rate
- Accessible via ATM and Digital Banking
- Delivers a convenient solution, with the need to manage just a single account.
The ANZ Wealth Multiplier Account is a type of deposit which pays a base rate and two additional types of bonus interest, depending on the following elements of the account.
- Balance in your Wealth Multiplier Account
- Total Relationship Size (TRS)1 with the bank
- Eligible Investments2 made.
Different types of interest payout are
It is an interest specially tiered so that you receive higher interest with higher balance.
It is an incremental interest paid, based on your Total Relationship Size1 with us, in the following month on the daily balance in your Wealth Multiplier Account.
Bonus Plus Rate
Investments made in a month. In the event of multiple investments, the total sum invested will be used in the computation. The interest is computed based on the eligible investment2 done in the month and paid in the following month on the daily balance in your Wealth Multiplier Account.
The above interests are paid on the balance maintained in the Wealth Multiplier Account. These interests are calculated on a daily balance method and paid on a monthly basis.
Here’s how you can enjoy attractive interest rates
Open a Wealth Multiplier Account with us.
Consolidate your relationship with us to enjoy the Bonus Rate.
Invest regularly through us to earn the Bonus Plus Rate.
How it Works
Interest rates for Wealth Multiplier Account
|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%|
#Interest rate based on your Total Relationship Size (TRS) with us is paid in the following month on the daily balance in your Wealth Multiplier Account.
Bonus Plus Rate
|Eligible Investment2 (SGD)||Interest 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.
Effective 1 May 2017, bonus interest and bonus plus interest for the ANZ Wealth Multiplier Account will be terminated. Where applicable, the last bonus interest and bonus plus interest will be paid into your ANZ Wealth Multiplier Account in May 2017.
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.
2. Eligible investment refers to the combination of investments like Securities, Unit Trusts, Structured Products, Structured Deposits, Bonds and Insurance. It is the lower of the balance in your Wealth Multiplier Account or 50% of total investment made in the month.
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 and computations are indicative only and no liability therefore shall be attached to the bank.
To find out more, speak with 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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