Recommended Savings Accounts (no lock-in period) :
Less than S$5,000 = 0.1875% p.a. (Maybank iSAVvy) No minimum monthly balance to maintain
More than S$5,000 to below S$50,000 = 0.30% p.a. (Maybank iSAVvy) No minimum monthly balance to maintain
Less than S$50,000 = 0.10% p.a. (Standard Chartered Bank e$aver) No minimum monthly balance to maintain
S$50,000 to S$199,999 = 0.15% p.a. (Standard Chartered Bank e$aver) No minimum monthly balance to maintain
First S$50,000 = 0.20% p.a. (FairPrice Plus Savings Account) No minimum monthly balance to maintain
More than S$50,000 = 0.38% p.a. (Maybank iSAVvy) (Interest-on-interest every 6 months 6.00% for average monthly balances of at least S$5,000)
More than S$50,000 = 0.40% p.a. (FairPrice Plus Savings Account) (Subject to maximum deposit of S$500,000)
S$200,000 and above = 0.25% p.a. (Standard Chartered Bank e$aver)
Standard Chartered Bonus$aver Account
Get 1.88% p.a. on your savings for the first S$25,000 in your Bonus$aver account if you charge a minimum of S$500 to your linked Bonus$aver World MasterCard credit and/or debit card(s) each month.
ANZ MoneyLine account - Earning Interest on Credit Balance
If you have excess cash deposited into the account, you will be paid interest for the credit balance of that particular day. The minimum credit interest payable is S$1. Currently, interest on credit balance is at 0.6% p.a.
CIMB StarSaver Account (no lock-in)
Minimum deposit S$5,000.
Increment deposit: S$500 or more = 0.8% p.a.
Increment deposit: Less than S$500 = 0.5% p.a.
To enjoy the 0.8% p.a. interest, deposit a minimum of $5000 and $500 monthly top ups. You can also make a larger initial deposit in advance, and the bank will convert the extra amount into equal portions of $500 a month so that you need not top up every month in order to enjoy the 0.8%p.a.
OCBC 360 Account – Up to 3.05% per year (no lock-in)
How it works:
- Credit your salary (at least S$2,000) monthly to the account
- Pay any 3 bills using OCBC Online Banking or GIRO every month
- Spend at least S$400 on your OCBC Credit Cards every month
Minimum Monthly Balance: S$3,000
Fall below fee : S$2 (waived for the first year)
Note that the 3.05% interest rate only applies to the first S$50,000.
DBS Multiplier Programme – Up to 2.08% per year (no lock-in)
Interest given will be base on the total amount in eligible banking transactions such as salary credited, dividends received, credit card spend and home loan with DBS /POSB bank.
The higher interest earned will be paid on the first S$50,000 in the Multiplier Account
Fall below fee of S$5 will be charged if average daily balance falls below S$3,000 (based on total SGD equivalent of SGD & foreign currency balances
New UOB One Account
Get higher interest rates of up to 3.33% p.a.^ on your savings in two easy steps.
The UOB One Account works together with your UOB One Card and/or UOB Direct Visa Debit Card to help you make the most out of your money.
Minimum Monthly Balance: S$500
Earn up to 3.55% p.a. with BOC SmartSaver.
Minimum Monthly Balance: S$1,500
Dash Easy Savings Account
Dash Easy is a savings account (offered by Standard Chartered Bank (Singapore) Limited) linked seamlessly to a mobile cash (mCash) account (offered by Singtel).
Enjoy 0.50% base interest p.a. on your Dash Easy Savings Account all year round, no strings attached.
Maybank ISAVvy Interest Rates
Standard Chartered Bank e$aver
FairPrice Plus Savings Account
Bank of China
Fixed Deposits Interest Rate:
Hong Leong Finance
Bank of East Asia
ICICI Bank Fixed
Maybank Time Deposit
For discussions on this topic, please post it in a new thread. I will do my best to keep this thread easy to read and updated.
Please give the bank a call to check their lastest interest rates before going down to place a deposit, to avoid disappointment.