Trust Bank Singapore has introduced new features to its Trust+ offering, which it says will provide customers with greater value and convenience.
The update includes a complimentary metal card, an increase in the deposit cap for higher interest earnings, and expanded partner privileges.
Customers who qualify for Trust+ will now be able to earn the bank’s higher interest rate on deposits of up to S$1.2 million, up from the previous limit of S$800,000.
To qualify, customers must maintain a minimum average daily balance of S$100,000 across their savings and investment accounts within a calendar month.
Starting July, funds held in TrustInvest will count towards this qualification.
The bank also introduced a metal card for Trust+ customers, which functions as both a credit and debit card and is offered without subscription or annual fees.
Existing benefits such as Linkpoints earnings and fee-free foreign exchange transactions will continue to apply.
Trust+ customers will also gain access to new one-for-one deals with selected merchants, including Edge, Golden Village Gold Class, Paradise Group, Mandai Wildlife Reserve, and Starbucks.
A complimentary Just Wine Club membership is also included, offering discounts on wine purchases at FairPrice stores and access to exclusive events.
According to Trust Bank, deposits from customers have doubled to S$3.8 billion in 2024 since the launch of Trust+ last year.
Aditya Gupta, Chief Product Officer at Trust, said,
“We are excited to elevate our market-leading Trust+ offering to make it even more simple and rewarding for our customers. The level-up brings together a carefully selected bundle of exclusive services, additional ecosystem partner benefits and a delightfully different customer experience.
We are confident that this will bring greater value and convenience to our customers as they grow their savings with us.”
For more on Trust Bank’s growth and vision, watch our interview with CEO Dwaipayan Sadhu on Fintech Fireside Asia.
Featured image: Edited by Fintech News Singapore, based on image by yeven_popov via Freepik
