Savings Account Calculator
21 Products Found
"Was disappointed with the latest revamp of the T&C. Personally I do..." 1w ago
"[Application Process] Fuss free as online application and processing was almost immediate. Like..." 15h ago
"They kept changing the scheme of the saving plan. The interest rate..." 4w 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...." 11h ago
"Good online interface. However, this is a very basic saving account with..." 3w ago
"Good when it started. Then they started to change the terms and..." 3w ago
"For most people, the Maybank SaveUp account is attractive *only* if you..." 8h 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.