Compare Singapore Savings Accounts
Project your annual interest across Singapore high-interest savings accounts at the balance, salary credit, and card spend you enter — built on each issuer’s published base and bonus-step rates, balance caps, and qualifying conditions. Accounts are ranked by projected annual interest at your inputs, so you can see which one earns the most for you. Last updated June 2026
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Projections are estimates based on each issuer’s published bonus-interest rates and balance caps. Actual interest may vary with rate changes, qualifying-transaction rules, and crediting policy. These accounts have no annual fee, so projected interest is both gross and net.
Ranked by projected annual interest at your entered inputs.
Calculator limitations
- Your deposit balance is held constant for the full year.
- Every bonus requirement you select is assumed to qualify in each month.
- Bonus-interest caps reset monthly under each issuer’s own policy.
- Base and bonus rates are as of each account’s “Rates as of” date.
- No fall-below, early-closure, or account fees are modelled.
- A salary credit is counted only if it meets the issuer’s own GIRO / PayNow salary definition; a GIRO toggle assumes the issuer’s required number of GIRO transactions is met.
- Banks revise savings-account interest rates frequently.
- Promotional bonus rates expire and are not projected beyond their term.
- Category definitions and qualifying-transaction rules change over time.
- Interest compounding, crediting frequency, and rounding follow each issuer.
This output is an estimate generated from the inputs you entered. It is a projection, not a promise of returns. Figures may differ from what an issuer pays. Confirm current terms on each bank’s official page before acting on them.
See the SG Rates reference for sourced, date-stamped savings, SORA, and fixed-deposit figures.
Data last refreshedJune 2026
Interest figures are projections based on the balance and qualifying steps you entered, assumed steady across the year and within each issuer’s eligible-transaction definitions. Each account’s base rate, bonus tiers, and bonus-eligible balance cap are factored into the ranking. Promotional rates and qualifying-rule changes are not modelled. SGfi is an educational platform and is not a licensed financial adviser under the Monetary Authority of Singapore (MAS). Ordering is computed solely from your inputs and each issuer’s published rates; any affiliate relationship is disclosed and does not influence the ranking. See how we calculate and rank.
How savings-account interest is calculated
Every account on this page pays a low base rate on your entire balance, then layers bonus interest on top when you meet qualifying steps — typically crediting your salary, spending on the bank’s card, or paying bills by GIRO. Bonus interest applies only up to each account’s bonus-eligible balance cap; any balance above the cap reverts to the base rate. The projection multiplies your entered balance by the rate that applies to each slice of it, across every qualifying step you toggle, and totals the result over twelve months. Because these accounts carry no annual fee, the projected interest is both gross and net.
Bonus interest vs the base rate
The maximum rate a bank advertises is the effective rate only when every qualifying step is met and your balance sits at the cap. Miss a qualifying step in a given month, such as a salary credit, and that portion of the bonus drops away, leaving the base rate on the affected balance. Higher tiers usually ask for more activity: a larger salary credit, more card spend, or additional GIRO transactions. The rate that actually applies to you depends on the steps you can realistically meet each month, so enter your own balance and toggle the steps above to see the figure specific to your situation.
Savings account summary table
Flat reference of every savings account on this page. Tap an account name to open its full rate breakdown. “Up to” is the effective rate with every qualifying step met, on a balance at the bonus cap.
All Singapore savings & deposit ratesarrow_forward| Account | Issuer | Min deposit | Up to | Bonus cap | Annual fee |
|---|---|---|---|---|---|
| UOB One Account | UOB | S$1,000 | 1.90% p.a. | S$150,000 | None |
| DBS Multiplier Account | DBS | None | 4.10% p.a. | S$100,000 | None |
| OCBC 360 Account | OCBC | S$1,000 | 1.55% p.a. | S$100,000 | None |
| Standard Chartered Bonus$aver Account | Standard Chartered | None | 1.85% p.a. | S$100,000 | None |
Frequently asked questions
How is savings-account interest calculated here?
Each account pays a low base rate on your whole balance, plus bonus interest when you meet qualifying steps such as crediting your salary, spending on the bank’s card, or paying bills by GIRO. The calculator routes your entered balance and the steps you select against each issuer’s published rate structure, then projects the result over twelve months. These accounts have no annual fee, so the projected figure is both gross and net.
What is the bonus-eligible balance cap?
Most accounts pay bonus interest only up to a maximum balance. The UOB One Account, for example, pays bonus interest on the first S$150,000; any balance above that earns the base rate. The cap for each account is shown on its result row.
Why does crediting salary or paying bills by GIRO change the interest?
Banks unlock higher bonus tiers when you add qualifying activity. For the UOB One Account, eligible card spend is required for any bonus; crediting a salary of at least S$1,600 reaches higher tiers than the three-GIRO-transaction alternative. Toggle these inputs to see how the projection changes.
Are these interest rates fixed?
No. Banks revise savings-account rates frequently and promotional bonus rates expire. The figures reflect the “Rates as of” date shown on each result row. Confirm current terms on the issuer’s official page before acting on them.
How are the accounts ordered?
Rows are ordered strictly by projected annual interest at the inputs you entered. When two accounts project the same interest, the tie is broken alphabetically by issuer. The ordering depends only on your inputs and each issuer’s published rates.
Is my financial information sent anywhere?
No. Every calculation runs locally in your browser. Your balance, salary, and spending are not sent to a server or any third party.
Last verified: June 2026