Savings Account Calculator
21 Products Found
"TLDR: An okay offering but I can't see a reason to stay..." 11h ago
"TLDR: Highly recommended for their no-condition attractive interest rates. Good if your..." 11h ago
"TLDR: Best savings account in the market if you can hit the..." 11h ago
"First time using UOB quite impressed by the banker and support. ..." 1w ago
"Easy to apply. Account is set up immediately. Easy to understand too...." 2d ago
"Good online interface. However, this is a very basic saving account with..." 4w ago
"Despite its name, the SCB Bonus$aver awards higher bonus interest to those..." 1d ago
"For most people, the Maybank SaveUp account is attractive *only* if you..." 1d ago
"I love my Frank OCBC Debit Card 💕 I think it's a..." 4mth ago
"switched over for a few months between the transition between 360 and..." 20mth 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.