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The latest on Singapore Savings Account Rates:

Feb 27, 2009

HSBC Savings Accounts Update

HSBC Savings Accounts Update

These are the latest update interest rates for HSBC savings account Premier Account with effect from 18 February 2009. You can check this savings accounts rates table for a visual presentation and update of the HSBC Premier savings accounts rates.

Take a close look at this HSBC Premier savings account update:

For invested sums less than $5000 Sing Dollars in HSBC Premier savings account, the amount of interest paid is 0.15%. From $5K to less than $15K, the savings account pays 0.2% p.a. From $15K to less than $50K, the savings account rate is 0.3%. From $15K to less than $100K, HSBC offers savings account investors 0.375% interest. If you have $100K and more, expect to pocket 0.425% interest from HSBC Premier savings account each year.

Savings accounts investors and financial products followers should note that these interest rates and this update may change without prior notice. Check with HSBC bank or your own financial analyst for more details on HSBC savings accounts update.

Thank you for reading Singapore Savings Account Rates, for the latest and best savings accounts interest rates updates in Sg.

Feb 25, 2009

Fairprice Savings Accounts Rates


Latest Fairprice Plus Savings Accounts Rates

The latest Fairprice Plus Savings Accounts Rates will decline with effect from 1st March 2009.

The interest rate for the first S$50,000 deposit of the Fairprice Plus savings accounts will be fixed at 0.5% per annum, down from the fixed interest rate of 1% previously.

Deposits and sums above S$50,000 in the savings accounts will continue to attract a 1% per annum payout.

Thanks for reading the latest Fairprice Plus Savings Accounts Rates at Singapore Savings Account Rates.

Feb 23, 2009

MayBank Online Savings Accounts

MayBank Online Savings Accounts (iSavvy account)

In the latest development, we note that as at 18 February 2009, Maybank iSavvy online savings accounts rates have declined. From an online interest rate of more than 1% high, the latest Maybank online savings accounts rate has declined, a lot.
Image: Online savings account rates (Maybank).

These are the latest Maybank online savings accounts rates:

With the global recession, will we find online financial investments that may perform better than online savings accounts? Will the online savings accounts interest rates of banking centres and financial institutions continue to decline?

Thank you for following our Singapore Savings Account Rates for the latest and best offline / online savings accounts rates in Singapore.

Feb 20, 2009

Compare Savings Accounts Rates Singapore


Compare Savings Accounts Rates, Singapore
Date: 20-02-2009





























































































































































































































































































































Singapore Bank Savings Accounts Rates

Savings AccountsAmount in Sing $
Rate % Per Annum
POSB Passbook First $30000.25
Next $470000.275
Next $500000.375
Above $1000000.475
DBS Autosave (Per) First $30000.25
Next $470000.35
Next $500000.45
Above $1000000.60
OCBC Savings DebitFirst $100000.25
$10001 - $500000.35
$50001 - 2500000.40
More than $250K0.65
UOB FlexiDeposit First $150000.35
Next $850000.45
Next $200K0.65
Above $300K0.75
Maybank iSavvy < $50000.25
$5K -less than $50K0.50
$50K and more0.75
HSBC Premier First $4999.990.15
$5K - $14999.990.20
$15K - $49999.990.30
$50K-less than $100K0.375
$100K and more0.425
Hong Leong Finance Savers Plus $500 - $499990.25
$50K - $2 million0.375
Citibank Maxisave From $10000 & more0.15
RBS Millennium First $100000.0
Next $400000.125
Above $500000.20
Rates subject to change without prior notice.



Summary: Adjustments again in the month of February in Singapore bank savings accounts interest rates since our last update. Note changes in RBS Millennium, Maybank iSavvy and HSBC Premier savings accounts interest rates.

We present a summary of the current latest selected Singapore bank savings accounts interest rates for POSB, DBS, OCBC, UOB, Maybank, HSBC, HLF, Citibank and RBS:

Singapore bank savings accounts interest rates of POSB Passbook:
http://www.dbs.com.sg/ratesonline/dddd.html
First $3000 0.2500
Next $47000 0.2750
Next $50000 0.3750
Remaining balance above $100000 0.4750

Singapore bank savings accounts interest rates of DBS Autosave (Personal):
http://www.dbs.com.sg/ratesonline/dddd.html
First $3000 0.25%
Next $47000 0.35%
Next $50000 0.45%
Above $100K 0.60%

Singapore bank savings accounts interest rates of OCBC Bank Savings Account (With Debit Card)
http://www.ocbc.com/personal-banking/tools%20and%20info/Toi_Rates_Dep_Listing.shtm
First $10000 0.25%
From $10001 to $50000 0.35%
From $500001 to $250000 0.40%
Above $250K 0.65%

Singapore bank savings accounts interest rates of UOB FlexiDeposit Account
http://www.uob.com.sg/pages/personal/deposits/savings/passbksavings.html
First $15000 0.35%
Next $85000 0.45%
Next $200K 0.65%
Above $300K 0.75%

Singapore bank savings accounts interest rates of Maybank iSAVvy Account
http://info.maybank2u.com.sg/site_functions/rates.htm#
Less than $5000 0.25%
$5000 to below $50000 0.50%
$50000 and more 0.75%
Interest-on-interest every 6 months * 6.0%
average balance at least $50000

Singapore bank savings accounts interest rates of HSBC Premier Account
http://www.hsbc.com.sg/1/2/personal/deposits/singapore-dollar-deposit-rates
First $4999.99 0.15%
From $5000 to $14999.99 0.20%
From $15000 to $49999.99 0.30%
From $50000 to $99999.99 0.375%
From $100,000 and more 0.425%

Singapore bank savings accounts interest rates of HLF (Hong Leong Finance) Savers Plus
http://www.hlf.com.sg/personal/deposits/sacct.html
$500 to $49999 0.25%
$50000 to $2 million 0.375%

Singapore bank savings accounts interest rates of Citibank Maxisave Singapore
http://www.citibank.com.sg/SGGCB/APPS/portal/loadPage.do?tabId=Investment&path=/prod/det/id_maxisweep2.htm
From $10000 and above 0.15%

Singapore bank savings accounts interest rates of RBS Millennium Account
http://www.abnamro.com.sg/sg/pages/products/deposits/deposits.htm
First $10000 0.0%
Next $40000 0.125%
Above $50000 0.200%

Thank you for reading our comparison of current latest Singapore Bank savings accounts interest rates for POSB, DBS, OCBC, UOB, Maybank, HSBC, HLF, Citibank and RBS for the month of February 2009.

UOB Savings and Current Account Rates 2009




UOB Savings and Current Account Rates 2009
as at 20 February 2009

Today we highlight all the various bank savings and current account rates of UOB (Singapore).

This series of posts was produced due to frequent requests from Singapore Savings Account Rates readers. The purpose is to consolidate all the interest rates of all accounts from the same UOB bank here.

Check out the UOB savings and current account rates with the highest and best interest rates offered for the following accounts.

UOB High Yield Account, 1.2% (>= $1 million)
UOB FlexiDeposit Account, 0.75%
UOB Uniplus / TX Accounts, 0.475%
UOB Passbook Savings, 0.475%
UOB Junior Savers, 0.475%
UOB Fun Savers, 0.475%
UOB Coins Bank, 0.475%
UOB i-Account, 0.75%
UOB Campus Account, 0.75%

We hope that this will help you in your financial investments and investing your hard-earned money in the best UOB interest-paying account available.

More information at Singapore Savings Account Rates.

Feb 19, 2009

eSaver Savings Accounts

eSaver Savings Accounts

Standard Chartered Bank Singapore is offering the highest savings accounts interest rate of 1.5% per annum on eSaver Account from today 19 February 2009 until 31 March 2009 in their 150th year anniversary promotion.

When you deposit more Sing Dollars or open new accounts in Standard Chartered eSaver Accounts, your cash investment funds inside these eSaver Accounts will earn 1.5% p.a. interest rates.

This 1.5% eSaver Accounts interest rate payment is currently the highest in the market you can get from Singapore banks and financial institutions on money put into Singapore savings accounts.

Furthermore, besides the eSaver Account promotion, a Special Bonus Rate of 2.00% p.a. is available to customers who sign for monthly savings of $1000 for six months via GIRO or open a new XtraSaver account with $6000.

Conditions apply. Read the fine print and investment terms carefully before you jump into this savings account offer by Standard Chartered Bank.

Feb 18, 2009

DBS Savings Accounts 2009


DBS Savings Accounts 2009
as at 13 February 2009


An avid reader of Singapore Savings Account Rates asked us why we do not keep track of all savings and current accounts for each bank in Singapore. We did not think anyone would be interested to learn what are ALL the interest rates of savings and current accounts for a particular bank in Singapore through our site.

But now that a reader has brought it up, we shall start a series on savings and current account interest rates of individual banks in Singapore.

Today we shall scrutinize DBS (Singapore) savings and current account rates.

DBS savings and current accounts with the highest and best interest rates are listed here.

DBS Savings Plus, 0.475%
DBS Autosave (Personal), 0.6%
DBS Autosave (Non-personal), 0.45%
POSB Passcard, 0.475%
POSB Passbook, 0.475%
MySavings Account (Non-Treasures), 1.5%
MySavings Account (Treasures
Preferential), 1.6%
Corporate Current Account, 0%


The various account deposit ranges and their respective interest rates payable are listed in the table. If you wish to know the current bank rates before investing money, check out the Internet front page of DBS bank.

Thank you for reading Singapore Savings Account Rates. If you wish us to feature any bank’s savings and current account rates,

Feb 16, 2009

Health Savings Accounts

Health Savings Accounts
Do you put your health into a savings accounts, so that you can later withdraw some health to top up your diminishing health? In Singapore, you can do that through Medisave, a compulsory national health savings accounts.

What is this health savings accounts known as Medisave?
The Government has created health savings accounts for everyone who contributes money to their personal CPF funds. The health savings accounts are known as CPF Medisave Accounts.

Medisave was introduced in 1984. As an employee, you contribute a part of your monthly wages to your Medisave health savings accounts. The exact amount depends on your age. The ratio of your CPF contribution that will be paid into your Medisave health savings accounts starts from 0.1884 (below 35 years old) and rises up to 0.9 (above age 65), depending on age. CPF Board automatically calculates the sum for these health savings accounts as mandated by law.

What are the benefits of Health Savings Accounts?
You can withdraw 'health' by signing an authorisation form to use it for medical related payments. Your money sitting in this health savings accounts can be use for:

(1) Hospital bills for stays of more than 8 hours.
You can pay hospital bills for yourself, spouse, children and parents (of any nationality) or grandparents (citizens or permanent residents). Limits to withdraw amount from the health savings accounts apply.

(2) Selected Outpatient health-related bills
As examples, funds can be withdrawn from health savings accounts for chronic medical disease treatment for diabetes mellitus, hypertension, high cholesterol, stroke, asthma and chronic obstructive airway disease.

(3) Maternity Package
Pre-delivery medical expenses, delivery procedure and daily hospital charges are some examples of bills that may be settled with health savings accounts.

How much interest do I get with Medisave health savings accounts?
Interest rate is currently 4%+1% = 5%.

From 1 January 2008, savings in Medisave Account is pegged to the 12-month average yield of the 10-year Singapore Government Securities (10YSGS) plus 1%.

A 4% floor for the Medisave rate will be maintained for the first two years (2008 - 2009). Extra 1% of interest will be paid on the first $60,000 of a member's combined balances, with up to $20,000 from the OA.

Are there limits to the Medisave health savings accounts balance?
Yes. You need to contribute to your Medisave Account up to the prevailing Medisave Contribution Ceiling which is $34,500 (as at 1 July 2008).

The excess will be transferred to the Special Account for members aged below 55, and to the Retirement Account for members aged 55 and above.

For those who have set aside the full CPF Minimum Sum, the excess CPF contribution will be transferred from the Medisave Account to the Ordinary Account.

This ceiling on health savings accounts balance may be adjusted again every 1 July.

Where can I get more information on Medisave health savings accounts?
CPF Board website = www.cpf.gov.sg

Thank you for reading Singapore Savings Account Rates.

Feb 13, 2009

OCBC Savings Draw Promotion


OCBC Savings Draw Promotion

Win up to a fifth of a million Singapore dollars in the OCBC Happy Savings Draw promotion 2009. The OCBC Savings Draw promotion is currently underway. We highlight this special Savings Draw promotional offer as a special promotion for readers of Singapore Savings Account Rates.

Open a new eligible Singapore Dollar OCBC Savings or Current Account or stay with these eligible savings accounts to receive 10 chances. For every $1000 monthly average balance, you get one chance. The more you save, the more chances there are of winning cash prizes in this savings draw promotion.

To qualify for chances to win cash prizes, save with the following OCBC accounts: Statement Savings, Monthly Savings Account, Easisave, SmartSavings, Mighty Savers Programme and Children Development Account.

For current OCBC account holders, all you need to do is to sit back and check your account balance occasionally to see if you've won. How about non-OCBC savers? Should you participate? If you think your luck is good, go for it. If their savings account rates meet your needs, go for it. If you have spare cash (like from the sale of financial investments elsewhere) that you don't know where to park, this savings draw promotion could be a good enough reason.

As you earn interests on these OCBC savings accounts, keep an eye out for the results of the OCBC Savings Draw Promotion in your bank account. Who knows, you may just turn out to be one of the winners of this savings draw promotion.

Promotions end on 31 July 2009.

Feb 11, 2009

2009 Best Un-Fixed Deposits Interest Rates

2009 Best Un-Fixed Deposits Interest Rates, Singapore

The best un-fixed deposits interest rates of all savings, fixed deposits, SGS treasury bills, money markets and bond market account rates available in Singapore as at 10 Feb 2009 in Singapore is the CPF SMRA Account.

These un-fixed deposits interest rates will likely stay as the highest as well as the best rates for the months of March, April, May and June 2009.

The Central Provident Fund's (CPF) un-fixed Special, Medical and Retirement Accounts (SMRA) are paying 5% per annum, after factoring the extra 1% interest rate paid on the first $60,000 of a member’s combined balances, with up to $20,000 from the Ordinary Account (OA). By themselves, the un-fixed SMRA accounts earn 4% interest rate. The un-fixed Ordinary Account (OA) earns 2.5% interest rate.

This is the best un-fixed deposits interest rates that anyone can find in Singapore when comparing the un-fixed payouts from savings accounts, fixed deposits accounts, SGS treasury bills, money markets and other legitimate safe, secure fixed and un-fixed interest-paying financial accounts.

The CPF Board has declared that un-fixed interest rate for Ordinary Account (OA) will be 2.50% interest per annum for members’ CPF savings in their OA from 1 April 2009 to 30 June 2009. The computed un-fixed CPF interest rate derived from the major local banks’ interest rates for the three-month period, 1 November 2008 to 31 January 2009, worked out to be 0.74 % per annum. However, the higher rate of 2.50% will be paid as the CPF Act provides for a minimum CPF interest rate of 2.50% per annum.

Un-fixed interest rate for Special, Medisave & Retirement Accounts (SMRA) for April to June 2009 will be announced in March 2009 after the average yield of the 10 year Singapore Government Securities (SGS) is computed. To help members adjust to this floating rate, the 4% floor for the SMRA rate will be maintained till 31 December 2009.

CPF Board has also declared an extra 1% interest will be paid on the first $60,000 of a member’s combined balances, with up to $20,000 from the Ordinary Account (OA). The extra un-fixed interest from the OA will go into the member’s Special or Retirement Account to enhance his / her retirement savings.

Note that I keep using the term 'un-fixed' deposits because the rates will fluctuate once the guaranteed floor limit on CPF interest rates expires. So get ready for the 'un-fixed' CPF interest rate reality soon.

Source = CPF Board Singapore

Feb 9, 2009

Citibank Maxisave Un-fixed Deposits Rates


Citibank Maxisave Un-Fixed Deposits Rates

The latest Citibank Maxisave Sweep (un-fixed deposits) interest rate has dropped to 0.15% per annum in Singapore with effect from 28 January 2009.

This Citibank Maxisave Sweep Account's un-fixed deposits rate (that functions like a savings cum FD account) used to be be 0.35% p.a.

You get Citibank Maxisave un-fixed deposits rates of 0.30% if you keep the money in the Maxisave Sweep account for at least 6 months for sums starting at ten thousand Singapore dollars.

Once you hold on to this Citibank Maxisave Sweep un-fixed deposits account for twelve months, your interest earned will rise to 0.50% per annum.

Check out Citibank Maxisave un-fixed deposits rates at their site.
Thank you for reading Singapore Savings Account Rates.

Feb 7, 2009

Latest News: Malaysia Fixed Deposits

Latest News: Malaysia Fixed Deposits

We are pleased to announce that we have ventured overseas and established Malaysia Fixed Deposits.

Our Malaysia Fixed Deposits will offer the latest and the best savings and fixed deposits rates available in the country. There will be emphasis on savings and fixed deposits rate promotions of commercial banks, Islamic banks, international banks and financial institutions in Malaysia.

The current Malaysia fixed deposits rates of banks and financial institutions there hover around 3.00% per annum, with the highest fixed deposits interest rate at 3.10%. We highlighted a promotional fixed deposits rates offer of as high as 3.70% per annum for a three-month tenure just recently.

One unique feature of Malaysia Fixed Deposits would be the many Syariah-compliant products and banking accounts for depositors to choose. These rates will be rolled out in Malaysia Fixed Deposits in stages.

If you are thinking of converting money into Malaysian Ringgit from US dollars or Singapore dollars, these are estimated quotes for the respective currency exchange rates:

100 Malaysia Ringgit = 27.8956 US Dollars.
100 Malaysia Ringgit = 41.7178 Singapore Dollars.

Regardless of your nationality, consider learning about banking products and investment opportunities to make your savings and deposits work harder at Malaysia Fixed Deposits.

Visit Malaysia Fixed Deposits now!

Feb 5, 2009

HSBC Singapore Savings Interest Revised Downwards

HSBC Singapore Savings Interest Revised Downwards




HSBC Bank Singapore has revised their interest rates downwards since early February 2009.

Their Premier Account for deposited sums of $50000 to less than $100000 has dropped to 0.55% per annum from 0.60% previously. For sums above $100K, it now earns 0.80% per annum instead of 0.85%.

Will other Singapore banks and financial institutions follow suit and lower their savings account interest payments?

Keep reading Singapore Savings Account Rates to find out what is the worth of your deposits in terms of interest earned.

Feb 3, 2009

Comparison Of Savings Interest Rates, Singapore (February 2009)

Comparison Of Savings Interest Rates, Singapore
For Month of February 2009
Date: 03-02-2009




























































































































































































Singapore Bank Savings Interest Rates

Savings AccountAmount in Sing $
Rate % Per Annum
POSB Passbook First $30000.25
Next $470000.275
Next $500000.375
Above $1000000.475
DBS Autosave (Per) First $30000.25
Next $470000.35
Next $500000.45
Above $1000000.60
OCBC Savings DebitFirst $100000.25
$10001 - $500000.35
$50001 - 2500000.40
More than $250K0.65
UOB FlexiDeposit First $150000.35
Next $850000.45
Next $200K0.65
Above $300K0.75
Maybank iSavvy < $50000.25
$5K -less than $50K1.08
$50K and more1.38
HSBC Premier First $4999.990.15
$5K - $14999.990.20
$15K - $49999.990.35
$50K-less than $100K0.55
$100K and more0.80
Hong Leong Finance $500 - $499990.25
$50K - $2 million0.375
Citibank Maxisave From $10000 & more0.15
RBS Millennium First $100000.0
Next $400000.125
Above $500000.150
Rates subject to change without prior notice.



Summary: Some adjustments in Singapore bank savings interest rates have taken place in February since our last update. Note changes in Citibank and HSBC savings interest rates.

We present a summary of the current latest selected Singapore bank savings interest rates for POSB, DBS, OCBC, UOB, Maybank, HSBC, HLF, Citibank and RBS:

Singapore bank savings interest rates of POSB Passbook:
http://www.dbs.com.sg/ratesonline/dddd.html
First $3000 0.2500
Next $47000 0.2750
Next $50000 0.3750
Remaining balance above $100000 0.4750

Singapore bank savings interest rates of DBS Autosave (Personal):
http://www.dbs.com.sg/ratesonline/dddd.html
First $3000 0.25%
Next $47000 0.35%
Next $50000 0.45%
Above $100K 0.60%

Singapore bank savings interest rates of OCBC Bank Savings Account (With Debit Card)
http://www.ocbc.com/personal-banking/tools%20and%20info/Toi_Rates_Dep_Listing.shtm
First $10000 0.25%
From $10001 to $50000 0.35%
From $500001 to $250000 0.40%
Above $250K 0.65%

Singapore bank savings interest rates of UOB FlexiDeposit Account
http://www.uob.com.sg/pages/personal/deposits/savings/passbksavings.html
First $15000 0.35%
Next $85000 0.45%
Next $200K 0.65%
Above $300K 0.75%

Singapore bank savings interest rates of Maybank iSAVvy Account
http://info.maybank2u.com.sg/site_functions/rates.htm#
Less than $5000 0.25%
$5000 to below $50000 1.08%
$50000 and more 1.38%
Interest-on-interest every 6 months * 6.0%
average balance at least $50000

Singapore bank savings interest rates of HSBC Premier Account
http://www.hsbc.com.sg/1/2/personal/deposits/singapore-dollar-deposit-rates
First $4999.99 0.15%
From $5000 to $14999.99 0.2%
From $15000 to $49999.99 0.35%
From $50000 to $99999.99 0.55%
From $100,000 and more 0.80%

Singapore bank savings interest rates of HLF (Hong Leong Finance) Savers Plus
http://www.hlf.com.sg/personal/deposits/sacct.html
$500 to $49999 0.25%
$50000 to $2 million 0.375%

Singapore bank savings interest rates of Citibank Maxisave Singapore
http://www.citibank.com.sg/SGGCB/APPS/portal/loadPage.do?tabId=Investment&path=/prod/det/id_maxisweep2.htm
From $10000 and above 0.15%

Singapore bank savings interest rates of RBS Millennium Account
http://www.abnamro.com.sg/sg/pages/products/deposits/deposits.htm
First $10000 0.0%
Next $40000 0.125%
Above $50000 0.150%

Thank you for reading our comparison of current latest Singapore Bank Savings interest rates for POSB, DBS, OCBC, UOB, Maybank, HSBC, HLF, Citibank and RBS for the month of February 2009.

Feb 2, 2009

UOB Junior Savers Account Rates


UOB Junior Savers Account Rates

This is a savings account for kids and children. While the interest rates are nothing to shout about, the attraction of such a savers account for juniors is that it comes with a free insurance coverage.

To get some insurance cover on your UOB Junior Savers Account, you need monthly cash balance of at least $3000 maintained for a six month period.

The interest paid on this UOB Junior Savers Account starts from 0.25% per annum.

Another goodie for this junior savers account is the limited edition Humphrey's Lunch Pack for depositors who open or top up their accounts.

Thank you for reading Singapore Savings Account Rates.

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