Earn more from your dollars with EastWest USD SuperSaver
ABOUT THE PRODUCT
Maximize your hard-earned US Dollars with EastWest US Dollar SuperSaver. Enjoy interest rates of up to 2.750% per annum when you open a USD SuperSaver account, so you get more from your savings.
Open an account now with a minimum deposit of USD5,000 and earn up to 0.250% interest p.a. plus a bonus interest of 2.500% p.a.*
Hurry! Visit the nearest EastWest store or conveniently open an account via EasyWay.
*Terms and conditions apply.
HOW TO OPEN AN ACCOUNT VIA EASYWAY
For new deposit customers
- Download the account opening form here
- Email the completed form and requirements to easyway@eastwestbanker.com
- Visit your preferred store upon receipt of email confirmation to claim your EastWest Visa Debit Card and/or passbook.
For existing deposit customers:
- Request for callback here
TERMS AND CONDITIONS
- A customer (“Customer”) must open a new US Dollar SuperSaver account (“Account”) with an initial deposit of at least USD5,000. A Customer is eligible to open only one (1) Account.
The Account will earn a Base Interest plus Bonus Interest (“USD SuperSaver Interest”) based on the following interest rate table:
Average Daily Balance (“ADB”) Base Interest Rate per annum Bonus Interest Rate per annum Below USD5,000 0.000% 0.000% USD5,000 < USD10,000 At least 0.125% At least 2.500% USD10,000 < USD100,000 At least 0.200% At least 2. 500% USD100,000 and up At least 0.250% At least 2.500% ADB refers to the sum of daily ending balances in a given calendar month divided by the number of days in that month. The Bonus Interest Rate refers to the additional interest rate that the account is qualified to earn if there are no debits or withdrawals during the calendar month.
Amounts In USD July 16 - 31 August 1 - 31 September 1 - 30 October 1 - 31 Average Daily Balance 9,000 50,000 90,000 150,000 Base Interest Rate (per annum) 0.125% 0.200% 0.200% 0.125% Base Interest Earned 0.97 8.61 15.00 32.29 Bonus Interest Rate (per annum) 2.500% 2.500% 2.500% 2.500% Bonus Interest Earned 19.38 107.64 187.50 322.92 TOTAL INTEREST EARNED 20.35 116.25 202.50 355.21 Note: Actual amounts may differ due to rounding off. Interest earned is subject to 15% withholding tax.
To illustrate: A Customer opens an Account on July 16, 2023 with the corresponding ADB per month and with no debit/withdrawals each month:
Amounts In USD July 16 - 31 August 1 - 31 September 1 - 30 October 1 - 31 Average Daily Balance 9,000 50,000 90,000 150,000 Base Interest Rate (per annum) 0.125% 0.200% 0.200% 0.125% Base Interest Earned 0.97 8.61 15.00 32.29 Bonus Interest Rate (per annum) 2.500% 2.500% 2.500% 2.500% Bonus Interest Earned 19.38 107.64 187.50 322.92 TOTAL INTEREST EARNED 20.35 116.25 202.50 355.21 - The Base Interest earned by qualified Accounts will be credited at the end of each calendar month, while the Bonus Interest will be credited two (2) banking days after month-end. Interest earned will be subjected to a 15% withholding tax. Accounts that fall below USD5,000 ADB are not eligible to earn any interest.
- If the Account is closed before crediting of interest, any interest earned on the Account shall be forfeited. EW will not pay the accrued interest whether in full, in part or pro-rated.
US Dollar SuperSaver features, requirements, fees and charges are as follows:
Initial Deposit Requirement USD5,000 Required Monthly ADB USD5,000 Minimum Monthly ADB to Earn Interest USD5,000 Documentation Passbook Fund Access Over the Counter (OTC) OTC Deposit and Withdrawal Waived Withholding Tax on Interest 15% Fee for Falling Below Required Monthly ADB for 2 consecutive months USD10 Early Closure Fee (if Account is closed within 30 days from account opening date) USD10 - All Account openings are subject to EastWest’s existing policies and procedures.