Savings Account Calculator
25 Products Found
"No min spending of CC & investment counted as criteria are the..." 15h ago
"My go to when i have cash overflow from my DBS Mutiplier..." 15h ago
"[Application Process] The application process was really easy. Just head to the SC..." 6d ago
"[Customer Service] Very accessible with multiple branches across Singapore, and with some locations..." 10h ago
"[Customer Service] Have been using uob for the past 10 years of my..." 2w ago
"For most people, the Maybank SaveUp account is attractive *only* if you..." 1mth ago
"Despite its name, the SCB Bonus$aver awards higher bonus interest to those..." 1mth ago
"[Interest] Interest is decent and allows me to park my money somewhere. [Salary Crediting] I..." 2mth ago
"I love my Frank OCBC Debit Card 💕 I think it's a..." 5mth ago
"switched over for a few months between the transition between 360 and..." 21mth ago
A savings account is an interest-bearing deposit account.
Deposits are held at a bank or financial institution and provides principal security and interest rates in return.
Currently there are a few popular savings accounts in Singapore which provide the highest interest rates.
They are mainly:
The best savings account for one depends mainly on meeting criteria set by the banks.
These variables can be mainly broken down into:
Unit Trust Investment
Advantages of Savings Accounts
There are a few benefits to parking your excess cash in a savings account:
Disadvantages of Savings Accounts
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 head down to any of the bank's branch to do so.
Documents required to apply for a Savings Account:
Depending on the bank, application for a savings account can be done within a week.
To help Singaporeans make smarter personal finance decision, here are some tools to help you:
One can read up our article on what all the banks have to offer when it comes to savings account:
or simply use the Best Savings Account Calculator to help you decide on the best savings account.