Tired of getting 0.05% p.a. interest? It is time to look for high interest savings account Singapore in 2018.
There are lots of banks in Singapore offering savings account of different interest rates. We made it simpler for you by listing them below for you to compare.
As you can see, the rates being offered now are much competitive than in the past years. Even the fixed deposit rates too!
It is important to do some homework to seek out the one that offers the best interest rate so that you do not lose out on the potential interest which you could have earned. Even though it is not much, it is vital that you choose one that gives you high interest.
Currently, OCBC 360, UOB One, Standard Chartered Bonus$aver and BOC SmartSaver gives you a higher interest if you meet their multiple requirements for bonus interest.
If you think it is too troublesome to meet the requirements, you still can go for CIMB FastSaver account. They offer 1.0% p.a. interest rate for the first $50,000 without any conditions.
Since your money is already sitting in the bank doing nothing, might as well make it work a bit harder by generating more interest.
Take some time to find the best savings account that is best suits your needs.
Savings Account For Young Adults
CIMB FastSaver Account
FastSaver account gives good 1% p.a. interest rate on the first S$50,000 without any conditions as long as you maintain a minimum deposit of S$1,000.
One of the best savings account with high interest rates with no strings attached.
CIMB StarSaver (Savings) Account
Dislike monthly interest? Get daily interest instead!
By maintaining a minimum of $1,000 on any given day, you get to enjoy 0.8% p.a. on the entire account.
Savings Account For Working Adults
These savings account give even higher interest if you can fulfill some criteria. If your company gives salary through GIRO, you can consider these types of accounts.
OCBC 360 Savings Account
This is a great account if you want to GIRO your salary of at least $2,000. It gives 1.2% p.a.
UOB One Account
If you constantly spend at least $500 on credit card, this account offers better interest when you pair it with your salary GIRO or 3 monthly bills GIRO.
Standard Chartered Bonus$aver Account
Do you charge at least $500 to your credit card and have a salary above $3000? This account could suit you as the combined rates is pretty high!
BOC SmartSaver Account
Best suited for high spender (above $1,500) and high income earner (above $6,000). The bonus interest rates is mouthwatering!
Savings Account With Good Interest Rate
Standard Chartered e$aver Account
Maybank iSAVvy Savings Account
OCBC Bonus Plus Account
Old-School Savings Account
Plus! Savings Account
POSB/DBS Savings Account
UOB Saving Account
Finding Singapore high interest savings account just take some work as the interest rate offered really differs by quite a bit across different banks.
Just choose one of the higher interest rate accounts and take the time to open that account.
If you have some spare cash, you might want to check out the fixed deposit promotions page too.
We will update this page periodically to reflect the changes in savings account interest rate offered by the banks, so bookmark us and visit us often!