Savings Account Calculator
27 Products Found
Most Popular
Up to 1% p.a.
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
Customer Support
Ease of online banking
"[Customer Service] Contacted SCB customer support for some account related queries. They were..." 9h ago
Up to 3.8% p.a.
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$3,000
MIN. AVG DAILY BALANCE
Customer Support
Ease of online banking
"[Interest] - interest rate has been revised downward numerous times this past..." 3d ago
Up to 0.2% p.a.
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
Customer Support
Ease of online banking
"Still a decent product. No longer using OCBC though, streamlined by number..." 3w ago
Up to 1.5% p.a.
INTEREST RATES
$1,000
MIN. INITIAL DEPOSIT
$1,000
MIN. AVG DAILY BALANCE
Customer Support
Ease of online banking
"[Interest] I opened this account almost 2 years ago and it has given..." 3mth ago
Up to 2.68% p.a.
INTEREST RATES
$1,000
MIN. INITIAL DEPOSIT
$3,000
MIN. AVG DAILY BALANCE
[EXCLUSIVE] Receive S$100 FairPrice e-vouchers when you open an OCBC 360 Account.
Customer Support
Ease of online banking
"GOOD to have response from the email send unlik some.other bank. ..." 3w ago
Up to 2.50% p.a.
INTEREST RATES
$1,000
MIN. INITIAL DEPOSIT
$500
MIN. AVG DAILY BALANCE
Customer Support
Ease of online banking
"Opened it sometime in 2018. Was a slight let-down because everything was..." 3mth ago
Up to 2% p.a.
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$50
MIN. AVG DAILY BALANCE
Customer Support
Ease of online banking
"This was the first account that got me started on my saving..." 5mth ago
Up to 3.55% p.a.
INTEREST RATES
$1,500
MIN. INITIAL DEPOSIT
$1,500
MIN. AVG DAILY BALANCE
"Hi, Honestly I'm quite impressed with their customer service. They tend to converse..." 6mth ago
Up to 2.60% p.a.
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$3,000
MIN. AVG DAILY BALANCE
"Despite its name, the SCB Bonus$aver awards higher bonus interest to those..." 11mth ago
Up to 1.45% p.a.
INTEREST RATES
$5,000
MIN. INITIAL DEPOSIT
$3,000
MIN. AVG DAILY BALANCE
"This account is suitable for my mother who is unable to hit..." 3mth ago
A savings account is an interest-bearing deposit account with the flexibility of withdrawing money. You can deposit your money at a bank or financial institution while they provide principal security and interest rates in return.
Savings accounts provide depositors with interests because these respective financial institutions that hold your funds, are utilising them for things like investments or loans. Hence, you reap rewards, in the form of bonus interest, from funding your account.
There are mainly 2 ways which Savings Accounts can earn you Interest Rates:
Don't wanna jump through multiple hoops like crediting your salary, spending a minimum amount on credit cards, and having to buy insurance or investment products?
Check out these zero effort, fuss free savings account where all you need to do is leave your money there and continue adding more to your monthly account balance in order to earn more interest!
At a glance, your options are:
The best savings account depends largely on you meeting certain criteria set by the banks. Fulfilling these criteria will offer you tiers of interest rates for your account balances.
These variables can be mainly broken down into:
Basics
Bills Spending
Investments
Loans
Insurance
Savings Account in Singapore | Interest Rates p.a. (offered and realistic*) | Best Savings Account for.. | Type of Account |
---|---|---|---|
Offered: 0.30% - 2.70% p.a. Realistic: 0.90% p.a. |
| Expense Savings Account | |
Offered: up to 3.80% p.a. Realistic: 0.05%- 1.60% p.a. |
| Expense Savings Account | |
Offered: up to 3.00% p.a. Realistic: 0.1875% - 1.03% p.a. |
| Expense Savings Account | |
Offered: up to 2.15% p.a. (EIR) Realistic: 0.60% -1.20% p.a. |
| Expense Savings Account | |
Offered: up to 3.00% p.a. Realistic: 0.70% -1.30% p.a. |
| Expense Savings Account | |
Offered: up to 3.68% p.a. (3.88% prior to 1 May 2020) Realistic: 0.05% -1.25% p.a. |
| Expense Savings Account | |
Offered: 0.50% -1.50% p.a. Realistic: 0.50%- 1.50% p.a. |
| “Stash-and-park” |
* The realistic estimation of our interest rates are based on: a minimum of S$10,000 of account balance, at least S$2,000 of salary credited and a minimum of S$500 card spend
There are a few benefits to parking your excess cash in a savings account:
Which bank has the best savings account? Which accounts have the highest interest rates? Are savings accounts any good? And how much do actually earn? To help you answer these questions, here are some tools to help you figure them out:
If you are an existing customer with a bank, most banks allow you to open your Savings Account through their online iBanking system.
New customers can do so online by filling up an online application or simply heading down to any of the bank's branch to do so.
Documents required to apply for a Savings Account are:
Depending on the bank, an application for a savings account can be done within a week.