Maximize Your Savings with High-Yield Interest Accounts
Unlock the potential of your savings with accounts designed to offer attractive interest rates, helping you achieve your financial goals faster. No complex campaigns or hidden requirements are needed to benefit from these enhanced interest opportunities. Simply choose the right products and meet straightforward targets to grow your wealth.
For those interested in diversifying their portfolio, options extend beyond traditional currency accounts. You can also earn extra interest and take advantage of welcome bonuses with foreign currency and gold-denominated accounts. The welcome period benefits all your accounts, providing a unified advantage across different currencies. While the welcome period is consistent, the specific timing to reach the highest interest tier may vary slightly depending on the currency, reflecting different base interest rates.
To explore the specific details for each product and how they can help you maximize your returns, refer to the product-specific sections below.
Bonus Interest Programs
Several pathways are available to boost your interest earnings, each tailored to different financial activities and preferences.
Spending-Linked Bonus Interest
One way to increase your interest rate is by linking your account activity to your spending habits. By participating in a bonus program, you can earn extra interest on your savings account by using your debit card for everyday purchases, paying bills from your account, or even transferring funds from external bank accounts. This approach rewards your regular financial activities with higher returns on your savings.
Each unit of currency spent or qualifying transaction contributes to your points accumulation within the program. The bonus interest earned through spending-linked programs typically applies to savings accounts held in the local currency. It’s important to note that any refunds or reversed transactions will be deducted from your accumulated points, so consistent spending is key to maximizing benefits.
Investment Fund Linked Interest
For those with an investment mindset, linking your savings account to investment funds can be a strategic way to earn bonus interest. By maintaining a certain portion of your savings account balance in eligible investment funds, you can unlock higher interest rates on your savings. The required investment fund amount is usually determined based on your savings account balance, ensuring a balanced approach to both saving and investing.
To extend your welcome bonus period, ensure that your investment fund purchase order is placed by a specific cut-off time on the last day of your current welcome period. The target investment fund balance is calculated based on your savings account balance from the previous business day. The calculation considers your existing holdings in eligible investment funds and any new purchase orders placed before the daily cut-off time. Orders placed after this time will be considered for the next business day’s target calculation.
Bonus interest eligibility is typically activated on the first business day after meeting the investment fund target. As long as you maintain the required investment fund balance daily, you will continue to benefit from the enhanced interest rates. For investment funds denominated in foreign currencies, their value is usually converted to the local currency equivalent for the purpose of calculating the target balance. It is generally required to maintain the investment fund balance until a specific time the day after the balance assessment to ensure eligibility for the bonus interest for that day.
Insurance Product Linked Interest
Another avenue to boost your savings interest is through insurance products. Purchasing and maintaining an active insurance policy, such as home or auto insurance, can qualify you for bonus interest rates on your savings. As long as your policy remains active, your savings will benefit from the advertised bonus interest rates. The bonus interest typically starts accruing from the business day following the activation of your insurance policy and continues for the duration of your policy’s active status.
Credit Card Spending Linked Interest
Credit card users can also leverage their spending to earn extra interest on their savings. Meeting a minimum monthly spending threshold on your credit card can unlock bonus interest rates on your savings account. The bonus interest earned through credit card spending is usually applied to your account on the first business day after your statement date and remains valid until the next statement date. It’s important to note that only the primary cardholder benefits from this bonus interest program, and spending on supplementary cards does not contribute to the bonus interest eligibility for supplementary cardholders. Similar to spending-linked bonus programs, any refunds or reversed transactions will reduce your eligible spending amount for earning bonus interest.