SINGAPORE - Standard Chartered is riding on the millennial wave for savings and investments, with the launch of its first product targeted at this segment of young customers on Wednesday (Nov 20).. Read more at straitstimes.com.
SINGAPORE - Standard Chartered is riding on the millennial wave for savings and investments, with the launch of its first product targeted at this segment of young customers on Wednesday .
This account has no minimum deposit, no fall-below fee and no lock-in period. It also does not require customers to credit their salaries into the account, unlike most other millennial-focused savings products. There are also no annual or monthly fees, as well as no minimum spend for the debit card. Since its soft launch two months ago, almost 7,000 Jumpstart accounts were opened. The bank allows customers to apply directly online and have their Jumpstart applications instantly approved. Millennials can still maintain their JumpStart account after they turn 27 years old, but at prevailing interest rates.
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