There are many banks in Singapore. They provide various services. Due to high competition, each bank tries to introduce innovative ideas. Each bank introduces various schemes to attract customers. Moreover, they offer attractive rate of interest. Savings account is one of the important services provided by them. The list of best banks and the respective rate of interest is listed below.
DBS Bank:
DBS bank is spread throughout Singapore. They provide foreign currency, loans, investment options and savings account. Commercial and home loans are provided by them. The rates vary depending upon amount and period. . Fixed deposits have different amount ranges.
The different term periods are 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 18 and 24 months. The different rates allocated are mentioned along with the corresponding term periods below here.
| 0.1000% |
2 months |
| 0.1500% |
3 months |
| 0.1500% |
4 months |
| 0.1500% |
5 months |
| 0.2500% |
6 months |
| 0.3000% |
7 months |
| 0.3000% |
8 months |
| 0.3500% |
9 months |
| 0.3500% |
10 months |
| 0.3500% |
11 months |
| 0.4500% |
12 months |
| 0.6000% |
18 months |
| 0.7000% |
24 months |
DBS bank provides deposit accounts. Different types of savings account and rates are listed below. The respective amount with the corresponding rates is mentioned below.
DBS SAVINGS PLUS
| $3000 |
0.1000% |
| $47000 |
0.1000% |
| $50000 |
0.2500% |
| $100000 |
0.2500% |
DBS AUTOSAVE (PERSONAL)
| $3000 |
0.1000% |
| $47000 |
0.1250% |
| $50000 |
0.2500% |
| $100000 |
0.3250% |
DBS AUTOSAVE (NON-PERS)
| $3000 |
0.1000% |
| $47000 |
0.1000% |
| $200000 |
0.0750% |
| $250000 |
0.0000% |
Source: DBS Bank
Maybank :
This bank was started in 1960. It has many branches and ATM centres. It provides different financial products and services. Savings Account, Fixed Deposit, Loans and Foreign exchange are some of the services provided by them. There are different kinds of savings account. The list of various savings accounts is listed below here.
PremierOne Account :
| First S$3,000 |
0.1875% p.a. |
| Next S$47,000 |
0.1875% p.a. |
| Remaining balance above S$50,000 |
0.25% p.a. |
Savings Account :
| First S$3,000 |
0.1875% p.a. |
| Next S$47,000 |
0.1875% p.a. |
| Remaining balance above S$50,000 |
0.25% p.a. |
SaveUp Account :
| First S$3,000 |
0.1875% p.a. |
| Next S$47,000 |
0.25% p.a. |
| Remaining balance above S$50,000 |
0.3125% p.a. |
iSAVvy Savings Account :
| Daily balance below S$5,000 |
0.1875% p.a. |
| Daily balance of S$5,000 to below S$50,000 |
0.25% p.a. |
| Daily balance of S$50,000 and above |
0.4% p.a. |
| Interest-on-interest every 6 months* |
6.00% p.a. |
Youngstarz Account :
| first s$3,000 |
0.1875% p.a. |
| next s$47,000 |
0.25% p.a. |
| remaining balance above s$50,000 |
0.375% p.a. |
