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The latest on Singapore Savings Account Rates:

Aug 31, 2009

CPF Special, Medisave & Retirement Accounts (SMRA) Rates

CPF Special, Medisave & Retirement Accounts (SMRA) Rates

The CPF Interest Rate For Special, Medisave & Retirement Accounts (SMRA) is unchanged from the previous three months.

The prevailing (July to September 2009) CPF interest rate for Special, Medisave & Retirement Accounts (SMRA) is 4%.

Summary: CPF Interest Rate For Special, Medisave & Retirement Accounts (SMRA)
= 4.00%

This was computed based on the 12-month average yield of the 10-year Singapore Government Security (10YSGS) plus 1%.

The Special, Medisave & Retirement Accounts (SMRA)interest rate for October to December 2009 will be announced in September 2009 after the average yield of the 10YSGS is computed.

To help members adjust to this floating rate, the 4% floor for the Special, Medisave & Retirement Accounts (SMRA) rate will be maintained till 31 December 2009.

In addition, 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 interest from the OA will go into the member’s Special or Retirement Account to enhance his retirement savings.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 25, 2009

UOB Savings Account Rates Promotion

UOB Savings Account Rates Promotion

You would have read about the UOB Savings Account Rates Promotion on the UOB i-Account by now. If not, we bring you details on this UOB Savings Account Rates Promotion of the i-account.

UOB i-account Savings Account Rates Promotion is valid from 1 August 2009 to 31 October 2009.

What is the UOB Savings Account Rates Promotion?

i-Account UOB Savings Account Rates Promotion:
Daily Account Balance| Prevailing Interest Rates (% p.a) | Additional Interest Rates* on Fresh Fund Deposits of more than S$15,000 (% p.a.) | Total Interest Rates*
on Fresh Fund Deposits (% p.a.)

First S$15,000 = 0.15, 0.35, 0.50
Next S$85,000 = 0.25, 0.35, 0.60
Next S$200,000 = 0.35, 0.35, 0.70
Remaining Balance Above S$300,000 = 0.45, 0.35, 0.80

Thus, depositors and investors with cash to invest can earn up to 0.8% p.a. in this UOB i-account promotion.

* UOB Savings Account Rates Promotion may change without notice.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 24, 2009

Indian Bank Savings Interest Rates

Indian Bank Savings Interest Rates

The current and latest Singapore branch of Indian Bank savings interest rates is presented by Singapore Savings Account Rates this August 2009.

Before investing Rupee, cash or other currencies, check out Indian Bank savings interest rates for the latest and current interest rates information.

Savings interest rates of Indian Bank (Singapore branch) takes effect from 3 August 2009. These saving interest rates should not be used for interest earnings, cash investment in stocks, shares, structured products or the like. You should always verify the savings interest rates before investing money.

Indian Bank (Singapore Branch) savings interest rates (SGD) is 0.50% per annum.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account interest rates.

The Team
Singapore Savings Account Rates.

Aug 19, 2009

CIMB StarSaver Account Singapore

CIMB StarSaver Account Singapore

In today's August 2009 post, Singapore Savings Account Rates highlight CIMB StarSaver account rates of the Singapore branch.

CIMB StarSaver account rates presented this August are subject to change. You should verify CIMB StarSaver account rates before investing cash in financial investments like these.

To qualify in CIMB StarSaver account rates, minimum deposit is S$5,000.

CIMB StarSaver account rates:
Month-end incremental deposit| Interest Rate
S$500 or more =1.2%** p.a.
Less than S$500 =0.5% p.a.

The CIMB StarSaver account interest is accrued daily and compounded monthly. To get 1.2% per annum interest, you need to top up your savings account with S$500 every month.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 18, 2009

DBS SRS Investment Account Rates

DBS SRS Investment Account Rates
DBS SRS Investment Account Rates (Supplementary Retirement Scheme, Singapore) are presented by Singapore Savings Account Rates this day in August 2009 to help you gain more insight before investing SRS monies in Singapore.

DBS SRS Investment Account Rates:
Amount | DBS SRS Investment Account Interest Rate (% p.a.)
Below $25,000 = 0.100
$25,000 and Above = 0.100

DBS SRS Investment Account Rates are subject to change without notice. Before investing SRS cash on investments based on these SRS rates, you should verify the DBS SRS investment account rates of interest before acting on the information we provide.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 17, 2009

Sing Investments Savings Interest Rates

Sing Investments Savings Interest Rates

Latest report on Sing Investments savings interest rates for Singapore Savings Account Rates blogspot readers this day in August 2009. Interest rate of Sing Investment & Finance (Singapore) is effective since 5 August 2009.

Remember that Sing Investments savings interest rates may change without advance notice. You should verify savings interest rates before using data. These savings interest rates are for information and not meant for cash investments, portfolio investing or other financial investments.

Sing Investments Savings Interest Rates
= 0.2500% per annum

Sing Investments savings interest is calculated daily.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 13, 2009

SCB eSaver Savings Interest Rate Promotion

SCB eSaver Savings Interest Rate Promotion

Singapore Savings Account Rates highlights Standard Chartered Bank (Singapore) SCB eSaver Savings Interest Rate Promotion today in August 2009. The SCB eSaver Savings Interest Rate Promotion is valid from now until 31 December 2009.

What is the SCB eSaver Savings Interest Rate Promotion? It is called the Standard Chartered Bank Double Bonus Interest promotion.

Rates For SCB eSaver Savings Interest Rate Promotion:
(earned on Top Up amount for the month)
a) 0.60% p.a. for incremental deposit balances of up to S$49,999;
b) 0.80% p.a. for incremental deposit balances of S$50,000 to S$199,999; and
c) 1.00% p.a. for incremental deposit balances of S$200,000 and above on top of prevailing interest rates.

The SCB eSaver savings interest rates Double Bonus Interest Promotion is derived by applying additional interest rate of :
a) 0.30% p.a. for incremental deposit balances of up to S$49,999;
b) 0.40% p.a. for incremental deposit balances of S$50,000 to S$199,999; and
c) 0.50% p.a. for incremental deposit balances of S$200,000 and above on top of prevailing interest rates.

In other words, you get double the interest rate for extra cash or funds that you deposit into the eSaver account. This works best for those who intend to credit their monthly salaries or bonuses into their account. To maximise the interest earned, you have to keep adding cash into your own eSaver account until end of 2009.

Check out more details at Standard Chartered Bank (Singapore) site for the SCB eSaver savings interest rate promotion.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 12, 2009

Interest Rates Unlikely To Rise Soon

Interest Rates Unlikely To Rise Soon

By now, you would have observed the low savings interest rates offered by banks and financial institutions in Singapore. Singapore Savings Account Rates blogspot.com hopes that this news analysis on interest rates would provide our readers some points of interest regarding where interest rates are headed.

(1) Federal Open Market Committee (FOMC), Federal Reserve Bank, USA:

Press Release Date: June 24, 2009
"Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing.

Conditions in financial markets have generally improved in recent months. Household spending has shown further signs of stabilizing but remains constrained by ongoing job losses, lower housing wealth, and tight credit.

Businesses are cutting back on fixed investment and staffing but appear to be making progress in bringing inventory stocks into better alignment with sales.

Although economic activity is likely to remain weak for a time, the Committee continues to anticipate that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability.

The prices of energy and other commodities have risen of late. However, substantial resource slack is likely to dampen cost pressures, and the Committee expects that inflation will remain subdued for some time.

In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability.

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period."

(2) OCBC Wealth Management Report: 
Date : 28 July 2009

"Overall however, the consensus appears to be for slow growth for the rest of this year, with some suggestions that perhaps the U.S. and even other countries may need a second round of economic stimulus to ensure that the fragile recovery doesn't wane.

The Fed therefore should continue to keep its benchmark interest rate unchanged at between zero per cent and 0.25 per cent over the next few months as the economic outlook remains uncertain and unemployment levels are still high."

(3) UOB Global Market Analysis:
30 July 2009

Interest Rates:
Current Rate | Next Meeting | UOB’s Interest Rate Forecast
USD Fed Funds Rate 0.00-0.25% 11-12 Aug 0.00-0.25%
EUR Refinancing Rate 1.00% 06 Aug 1.00%
GBP Repo Rate 0.50% 06 Aug 0.50%
AUD Official Cash Rate 3.00% 04 Aug 3.00%
NZD Official Cash Rate 2.50% 30 Jul 2.50%
CAD Overnight Rate 0.25% 10 Sep 0.25%

Information is published for information and general circulation only and is not to be taken in substitution for the exercise of judgement by the reader, who should obtain separate legal or financial advice.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 11, 2009

DBS CPF Investment Account Rates

DBS CPF Investment Account Rates
DBS CPF Investment Account Rates are presented by Singapore Savings Account Rates this day in August 2009 to help you gain more insight before investing CPF monies.

DBS CPF Investment Account Rates:
Amount | DBS CPF Investment Account Interest Rate (% p.a.)
Below $25,000 = 0.100
$25,000 and Above = 0.100

Although DBS CPF Investment Account Rates may earn money for you at these rates, the CPF investment account rates are subject to change without notice. Before investing CPF cash on investments based on these rates, you should verify the DBS CPF investment account rates of interest before acting on the information we provide.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 10, 2009

CIMB Passbook Savings Account Rates

CIMB Passbook Savings Account Rates (Singapore Branch)
Singapore Savings Account Rates presents CIMB passbook savings account rates of their Singapore branch. CIMB Passbook Savings Account Rates are correct as of 8 August 2009.

These CIMB passbook savings account rates are indicative and for information only. Savings account rates are are obtained from Singapore branch of the bank.

CIMB Passbook Savings Account Rates offer investors and savers the best rates of 0.625% per annum on savings of more than $30,000. Before investing in structured deposits, ETF, treasury bills or other financial investments, you should verify these CIMB Passbook Savings Account Rates with the bank. CIMB Savings Account Rates may change without notice.


Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 8, 2009

Happy National Day From Singapore Savings Account Rates

Happy National Day From Singapore Savings Account Rates

In this tough economy and challenging recession year, we wish all our avid readers and followers of our Singapore Savings Account Rates site,

A Happy National Day!

Know that even during a public holiday, your cash that is sitting in a bank savings account does not remain idle and is still working hard to earn interest / cash for you.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 5, 2009

POSB MyHome Fund

POSB MyHome Fund 

In a special post today, we feature POSB MyHome Fund of Singapore. It is an investment fund managed by DBS Asset Management and distributed by POSB Singapore.

Who should invest in this POSB / DBSAM MyHome Fund? In their ad in today's The Straits Times, those who "believe in Singapore's potential and want to build your future (in Singapore), ... may wish to consider investing in MyHome Fund."

POSB / DBSAM MyHome Fund is a collective investment scheme that invests across two asset classes via two ETF (Exchange Traded Fund). Theses ETFs cover (1) stocks and (2) bonds. MyHome Fund has 3 sub-funds: Home Steady, HomeBalanced and HomeGrowth.

The DBSAM MyHome Funds seek to achieve varying levels of rewards commensurate with the level of risk taken in the Singapore-dollar denominated fixed income securities and Singapore-listed equities markets.

The specific investment objective of each Fund is as follows:
(a) MyHome Fund -HomeSteady seeks to provide capital preservation with a mild element of capital appreciation in largely Singapore-dollar denominated assets'
(b) MyHome Fund -HomeBalanced seeks to provide moderate capital appreciation through largely Singapore-dollar denominated assets; and
(c) MyHome Fund -HomeGrowth seeks capital growth through largely Singapore-dollar denominated assets.

Minimum cash to start this POSB MyHome fund investment: $1000.

Current annual management fee of POSB MyHome Fund is 0.50%.

Investors can start the investment ball rolling by visiting any POSB branch, ATM or website.

POSB MyHome Fund price may fall or rise. Potential investors should consult their own independent financial advisor before putting money into this MyHome fund.

POSB MyHome Fund site: http://www.posb.com.sg/myhome (as published in the newspapers) or http://mas.gov.sg

Note that POSB MyHome Fund is not a savings account or fixed deposit account. Monies invested in MyHome fund are not guaranteed. You could potentially lose all your cash investment. Read the propectus for the fine print.

Thanks for reading Singapore Savings Account Rates.

The Team
Singapore Savings Account Rates.

Singapura Finance Blue Sky Savers Savings Deposit

Singapura Finance Blue Sky Savers Savings Deposit 

This Singapura Finance Blue Sky Savers Savings Deposit is their savings account rates. It is presented this day in August 2009 by Singapore Savings Account Rates today.
 
Singapura Blue Sky Savers Savings Deposit is avaliable from Singapura Finance Ltd, a financial institution licensed to operate in Singapore.

What is the Singapura Finance Blue Sky Savers Savings Deposit rate?

Singapura Finance Blue Sky Savers Savings Deposit Rate

= 0.25% p.a monthly interest

Savings deposit rate is correct as of 4 August 2009. Before investing money in Singapura Finance Blue Sky Savers Savings Deposit  account, do verify the interest rates first.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Aug 4, 2009

Hong Leong Finance HLF Savers Plus Account

Hong Leong Finance HLF Savers Plus Account

Singapore Savings Account Rates presents Hong Leong Finance HLF Savers Plus Account interest rates for your consideration of where to put your money, personal finance portfolio and investments to work.

Hong Leong Finance Savers Plus Account Interest Rates:

Daily Balance | Interest Rates (% per annum)
S$500 to S$49,999 = 0.2500
S$50,000 to S$2,000,000 = 0.3750

Whether you invest money in Hong Leong Finance Savers Plus Account or not, note that Hong Leong Finance Savers Plus Account interest rates are subject to change without notice. Hong Leong Finance Savers Plus Account are correct as of 1 August 2009. You should still verify the interest rates before using the information for investing money in bank investments and other financial instruments.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates

Aug 3, 2009

Savings Interest Rates

Savings Interest Rates

Singapore Savings Account Rates presents the latest, highest and best selected savings account savings interest rates in the local banking sector of Singapore. These selected savings interest rates are based on and quoted from the sites of banks operating in Singapore.

While we hope that savings rates will rise, the dim fact remains that most banks and financial institutions offer very low interest rates in Singapore for savings accounts. How to make your money earn more money at a faster rate with such low savings interest rates?

Note that savings interest rates that we selected may change without notice and that you must always verify the savings interest rates before using the information provided at Singapore Savings Account Rates site.

Selected Savings Interest Rates of Banks in Singapore:

Bank Savings Account Name | Savings Interest Rate | Deposit Amount Required

OCBC Monthly Savings Account savings interest rate = 1.08% for monthly savings sums above $800-$5000

Fairprice Plus savings accoutn interest rates = 0.60% pa for S$50,001 to S$500,000

RBS Millennium Account savings interest rate = 0.55% pa for sums above $500,000

UOB High Yield Account savings interest rate = 0.50% pa for 1 million dollars and above

Standard Chartered Bank eSaver Account = 0.40% pa for sums above $200,000

Bank of Singapore (Finatiq) Investment interest rate = 0.40% pa for $1 and more


Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates

Aug 1, 2009

Royal Bank of Scotland RBS Savings Account Rates

Royal Bank of Scotland RBS Savings Account Rates

Singapore Savings Account Rates blogspot.com presents Royal Bank of Scotland RBS Savings Account Rates this August 2009. We have included two Royal Bank of Scotland's RBS savings accounts: the RBS Millennium Account and the SGD Royal Preferred Account.

Royal Bank of Scotland RBS Savings Account Rates are correct as at 31 July 2009.

Royal Bank of Scotland RBS Savings Account Rates:

Millennium Account
Min Deposit SGD 5,000
Less than 10,000
Next SGD 40,000
Next SGD 150,000
Next SGD 300,000
Above SGD 500,000

Interest Rate (per annum)
0.000%
0.100%
0.150%
0.250%
0.550%

SGD Royal Preferred Account
Min Deposit SGD 5,000
Less than 10,000
Next SGD 40,000
Next SGD 150,000
Next SGD 300,000
Above SGD 500,000

Interest Rates (per annum)
0.000%
0.100%
0.150%
0.250%
0.550%

Royal Bank of Scotland RBS Savings Account Rates may change without notice. Kindly verify the savings account rates with RBS before using this piece of information for investing and other financial transactions.

Thanks for reading Singapore Savings Account Rates.

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