Terms & Conditions Apply

How to participate

1. A Zero1 customer is eligible to participate in this SquirrelSave-Zero1 Promotion (the “Promotion”) and such participation is deemed as full acceptance of Terms and Conditions herein, and of any pursuant amendments thereof.
2. Eligible Zero1 customers must be a new / first-time SquirrelSave applicant and the SquirrelSave account must be approved by SquirrelSave to qualify for the Promotion.
3. Participants in this Promotion are deemed to consent to SquirrelSave creating a special “Acorn” investment goal in their SquirrelSave accounts.
4. Eligible participants who meet the terms and conditions herein (the “Client”) will receive a one-time SGD 3.00 deposit (“SquirrelSave Reward”) from SquirrelSave into the “Acorn” investment goal set up by SquirrelSave.
5. The Acorn goal will adopt the Client’s default risk setting at the Client’s SquirrelSave account was first set up and all proceeds in the Acorn goal will be invested accordingly.
6. The “SquirrelSave Reward” and any subsequent deposits of similar nature by SquirrelSave into the Client’s Acorn goal may be done at SquirrelSave’s discretion and will be subject to a 12-month (calculated as 365 calendar days) “Holding Period” starting from the date of the first deposit into the Acorn goal or any such period/amendments SquirrelSave may set from time to time.
7. For avoidance of doubt, no deposit or withdrawal can be made into/from the Acorn investment goal set up in the Client’s SquirrelSave account for the Holding Period referred to above.
8. The Client accepts that the Acorn goal assets will carry investment risks during the Holding Period like any other similar investments, and all risks and liabilities thereof are the Client’s responsibility.
9. After the expiry of the Holding Period, the Client will be allowed to access the proceeds of the Acorn investment goal, deposit or withdraw.
10. Once the Acorn investment goal is set up for the Client by SquirrelSave, the Client is eligible to receive other SquirrelSave Reward(s), whether in the Acorn investment goal set by SquirrelSave or other relevant disclosed facility that may be set up from time to time by SquirrelSave for the Client.
11. The Client is eligible to receive a SquirrelSave Reward of SGD 2.00 (as the “Referrer”) for every additional SquirrelSave account that is successfully approved by SquirrelSave (the “Referee”) arising from the referral to SquirrelSave made by the Client.
12. For avoidance of doubt, there will be no limit to the number of referrals that can qualify for the SquirrelSave Reward of SGD 2.00 stated in para (8) above, subject to relevant disclosed limitations of the applicable promotion(s).
13. All eligible referrals must be via the Client’s referral link assigned by SquirrelSave, and if the referred person’s (the “Referee”) SquirrelSave account application is successfully approved by SquirrelSave, the Referee will be eligible for a SquirrelSave Reward of SGD 3.00 in the Acorn investment goal specially set up in the Referee’s SquirrelSave account.
14. The limitations set for this Promotion are (i) account applications must be submitted no later than the close of business on 31 December 2020; and (ii) open to the first 1,000 SquirrelSave accounts approved, whether from Referrers or Referees.
15. SquirrelSave reserves the right to amend the Terms and Conditions of this Promotion at any time.
16. In the event of any disputes pertaining to this Promotion, SquirrelSave has the final rights to the interpretation of these Terms and Conditions, and any decisions taken by SquirrelSave thereof will be final.