It goes without saying that savings accounts are one of the basic building blocks of managing and accumulating your wealth.
A good savings account can really maximize the interest your money can earn for you. It should also blend into your lifestyle effortlessly, requiring zero to minimal hoop-jumping to earn that dough.
With so many banks in Singapore offering savings accounts with different features, it can be quite difficult to find one that suits your routine.
We’ve compiled a list of attractive accounts with different requirements to suit you and your family members below.
Good and convenient all-rounder account with easy-to-meet requirements to get extra interest.
Max interest up to 3.00%. Realistic interest rate around 0.40% to 1.60%
Convenient, and no-frills account for salary creditors and savers. Other major categories require a degree of spending.
Max interest up to 2.38%. Realistic interest rate around 0.35% to 1.68%.
Good base interest for frequent credit card spenders. Simply credit your salary or make 3 GIRO transactions to get high interest.
Max interest up to 2.50%. Realistic interest rate around 0.50% to 1.00%.
Great for those willing to spend on Insurance and Investments. Not ideal for those who don't.
Max interest up to 2.38%. Realistic interest rate around 0.11% to 1.28%.
Good for home owners with loans. Other segments need substantial spending, or require a degree of effort to achieve.
Max interest up to 2.80%. Realistic interest rate around 0.80% to 1.20%.
Simply register for the Fastsaver account and apply for the CIMB Visa Signature card to enjoy 1% interest on your first $10,000.
Max interest up to 1.00%. Realistic interest rate around 0.30% to 1.00%.
Choice of 9 categories to gain bonus interest. Includes various loan types as well. High base interest at 0.25%
Max interest up to 3.00%. Realistic interest rate around 0.35% to 3.00%.
Reasonable interest rates without lock in periods, or fall-below fees. Little effort required. Higher deposits enjoy even more interest.
Max interest up to 0.50%. Realistic interest rate around 0.30% to 0.50%.
Ideal for larger deposits of around $60,000. Attractive interest rates at higher amounts. Little effort required.
Max interest up to 1.80%. Realistic interest rate around 0.10% to 0.80%.
Card spending, Bill payment, and Salary categories are quite attainable. Reasonable base interest of 0.20% as well.
Max interest up to 3.00%. Realistic interest rate around 0.80% to 1.30%.
We know that not everyone will have $50,000 sitting around in their bank accounts. Neither do we all have to contend with home loans or credit card spend.
After looking through the various accounts, we have selected some of the more suitable ones for the identities listed below.
Best Account For Students
Other Choices For Students
Best Account For Salary Crediting
Other Choices For Salary Crediting
Best Account For Credit Card Spend
Other Choices For Credit Card Spend
Best Accounts For Loans
Other Choices For Loans
Best Accounts For Insurance Spend
Other Choices For Insurance Spend
Best All-Rounder Accounts
Other All-rounder Choices
If you found yourself a better place to store your cash, then good for you! Do consider sharing this with someone who’s still lagging behind, and could use the info.
We’re definitely anticipating upcoming adjustments to interest rates in the coming months, likely towards the higher end.
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