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XtraSaver Account
Introducing XtraSaver1, the only card that offers CashBack2 everywhere.

At a glance:
MasterCard debit card linked to its own interest bearing chequing account
Next Steps
Call: 1800 747 7000
Apply here now
Get more info
account features
Benefits
  • Up to 15% CashBack on petrol3 on top of prevailing station discounts
  • Up to 5% CashBack on all MasterCard transactions everywhere
  • 0.5%4 CashBack on all NETS transactions
  • Cash withdrawal at over 100 ATMs islandwide
  • NETS and MasterCard payments
  • Platinum privileges with MasterCard
  • Cheque book and interest of up to 0.30% p.a.5
Get CashBack when you spend
Checking account deposit balance CashBack on petrol with MasterCard CashBack on local and overseas MasterCard transactions
If you spend on petrol Do not spend on petrol
$6,000 and above 7% 1% 2%
$20,000 and above 10% 1% 2%
$50,000 and above 12% 1.5% 3%
$200,000 and above 15% 1.5% 5%

Caps on XtraSaver CashBack
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Checking account deposit balance Monthly cap on petrol CashBack Monthly cap on NETS CashBack (with effect from 01.02.07) Monthly cap on all CashBack (including petrol and NETS
$6,000 and above $15 $50 $300
$20,000 and above $40 $50 $300
$50,000 and above $48 $50 $300
$200,000 and above $60 $50 $300
Here's how it works
Deposit balance in checking account Your interest per month
$7,000 $1
You Spend Your CashBack per month
Petrol - $300 $16
MasterCard - $300 $3
NETS - $400 $2
Total - $1,000 $21
Total benefit $1 + $21 = $22
Calculations are based on the prevailing interest rates and CashBack applicable to XtraSaver as at 6 July 2009 and have been rounded to the nearest dollar. Sums are rounded up if more than $0.50 and rounded down if less than $0.50.
Account opening requirements
  • Nationality: Singapore Citizen / Singapore Permanent Resident / Foreigner
  • Age: Minimum 18 years old
  • Initial deposit: S$0
  • Documents required:
    • For online / mail in account opening (applicable to Singapore Citizens or Permanent Residents only)
      • XtraSaver Application Form duly signed
      • Copy of each applicant’s identity card (front and back)
      • Cheque for the initial deposit for each applicant (cheque must be drawn on each applicant’s personal account in his / her own name at another local bank or Qualifying Full Bank)
    • For branch account opening: Identity card / Passport
Key Charges
Service Charges
Minimum initial deposit S$0
Minimum average daily balance S$0
(Note: If account is in $0 balance for 6 consecutive months, it will be automatically closed)
Fall-below fee S$0
Monthly service charge S$0
Unarranged overdraft Prime + 5%, minimum S$5
Early account closure fee (within 6 months) S$30
Membership fee S$15 per annum (Free for 2 years for a limited time period only!)
Cheque book 1st book free. Thereafter, S$15 per cheque book.
*Note: If the deposit balance in your account is $0 for 60 consecutive days, the account will be automatically closed without prior notice to you.
For more information, please call our 24-hour Phone Banking on 1800 747 7000 or click on My Request to schedule an appointment to open an account at one of our 18 branches.
Important Notes:
  1. The Bank's prevailing Customer Terms, the current/ Cheque/ Savings Account and Time Deposit Terms and the XtraSaver Account Product apply to all XtraSaver Cards and linked-interest bearing chequing accounts.
  2. CashBack is applicable if the average daily balance in the chequing account calculated at the end of each calendar month is $6,000 and above. CashBack is tiered and calculated at the end of each calendar month based on the deposit amount in the chequing account and will be credited on the first working day of the next calendar month, to the relevant account. Monthly CashBack is subject to a cap, ranging from $15 to $60 for MasterCard transactions at petrol stations, $50 for NETS transactions and an overall cap of $300 for an aggregation of all transactions per month.
  3. Petrol CashBack applies only in Singapore and Malaysia where the petrol station accepts non-EMV compliant MasterCard cards and if the petrol station's merchant category code is 5541 or 5542. Purchase of petrol includes all other purchases (besides petrol) at the petrol station.
  4. Applicable to the linked chequing account with an average daily balance of $6,000 and above, as calculated at the end of each calendar month. CashBack is not applicable to NETS cash card top up.
  5. 0.30% p.a. interest applies if the deposit balance is at least $50,000. For deposit balance less than $50,000, 0.15% p.a. to 0.25% p.a. interest rates will apply. The Bank reserves the right to revise interest rates at any time without notice. Interest is calculated daily and credited monthly.

This deposit account is eligible for deposit insurance coverage under the Deposit Insurance Act. This deposit account held by or for an individual or a charity, will be insured up to the limits specified in the Deposit Insurance Act.

Effective 16 October 2008, the Singapore Government will guarantee all Singapore dollar and foreign currency deposits of individual and non- bank customers in bank, finance companies and merchant banks licensed by the Monetary Authority of Singapore until 31 December 2010. Guaranteed deposits by the Singapore Government include the following, but exclude structured deposits as defined in the Financial Advisers Act (Cap. 110) as well as any deposits pledged, charged or secured as collateral: Savings accounts; Fixed deposit accounts; Current accounts and Bank accounts under the Supplementary Retirement Scheme.