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Apr 27, 2010

Citibank Singapore Bank Interest Account

Citibank Singapore Step-Up Bank Interest Account

Singapore Savings Account Rates presents Citibank Singapore Bank Interest Account of their Step-Up account.

Citibank Singapore Bank Interest Account rate is shown for your information. Before you consider investing cash in stocks, shares, bonds, unit trusts or other banking products, ensure that you re-confirm the savings account rates with bank concerned.

Citibank Singapore Bank Interest Account rates are subject to change without notice at the absolute discretion of the respective bank.

Base interest rate starts from 0.15% p.a.

This Citibank Singapore bank interest account interest is computed by taking the daily average balance at the end of the month. Your interest rate steps up each month, and up to a maximum of 0.75% p.a. over a 12-month period, if your minimum monthly balance is higher than the previous month's minimum balance.

Step-Up interest is computed based on the preceding month's minimum balance.

Citibank Singapore bank interest account rates are subject to periodic reviews and may be reviewed at the
bank's discretion.


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

The Team
Singapore Savings Account Rates.

Apr 26, 2010

Maybank iSavvy Singapore Savings Account Rates

Maybank iSavvy Singapore Savings Account Rates

Singapore Savings Account Rates presents Maybank iSavvy Singapore Savings Account Rates.

Maybank iSavvy Singapore Savings Account Rates are shown for your information. Before you consider investing cash in stocks, shares, bonds, unit trusts or other banking products, ensure that you re-confirm the Maybank iSavvy Singapore Savings account rates with bank concerned.

Maybank iSavvy Singapore Savings Account rates are subject to change without notice at the absolute discretion of Maybank.

Maybank iSavvy Singapore Savings Account Rates :


Daily balance below S$5,000 = 0.25% p.a.

Daily balance of S$5,000 to below S$50,000 = 0.50% p.a.

Daily balance of S$50,000 and above = 0.58% p.a.

(Interest-on-interest every 6 months = 6.00%)


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

The Team
Singapore Savings Account Rates.

Apr 22, 2010

Factors Determining Choice of Singapore Savings Accounts

Factors Determining Choice of Singapore Savings Accounts

From the numerous e-mails we receive on Singapore Savings Account Rates site, our impression is that most readers consider one major factor in determining the choice of a savings account to use.

If you look at the title of our site, Singapore Savings Account Rates, you will find the answer to this one major factor determining choice of Singapore savings accounts amongst our readers.

And why not? Interest rate offered on Singapore savings accounts is a major factor in swaying depositors to open or switch savings accounts. With interest rates currently abysmally low, any savings account that offers a higher savings rate will garner depositor reaction.

But before you jump straight into using any Singapore savings account based on savings account rates alone, consider other factors that may be equally vital to your personal financial health.

In your pursuit for high interest savings account, consider other factors determining choice of Singapore savings accounts.

Factors Determining Choice of Singapore Savings Accounts:

1. Decide On Your Savings Need

What do you want a Singapore savings account for? Are you looking for an account to park your money, to get better savings interest rates or just so you can sleep better without that pile of cash under your pillow? The answer to this important question will determine how to choose a savings account.

2. Reputation of Financial Institution

Post Lehman events should have raised depositor awareness that not all banks and banking products are created and managed with the same degree of financial risk. Notwithstanding the government guarantee on deposits, it is prudent to stick with a Singapore savings account that offers you safety and security.

3. Ease of Access

Ensure the Singapore savings account is easy to access. This could be factors like a convenient branch location, easy internet access or ATM availability.

4. Banking Fees and Banking Terms

Always check the fine print on banking terms and banking fees. You should ensure that you are not paying unnecessary banking fees for maintaining minimum balances, withdrawals and deposits.

5. Linkage To Salary Deposit

Choose Singapore savings accounts that allow salary to be credited regularly and automatically. Better still, look for one that offers higher interest rates for your regular savings top-up routine. This will also encourage the development of a regular savings discipline.

We believe you may have other factors determining choice of savings account. We will be more than happy if you share your thoughts with us via e-mail or in the comments section.


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

The Team
Singapore Savings Account Rates.

Apr 20, 2010

Indian Overseas Bank Singapore Savings Rate

Indian Overseas Bank Singapore Savings Rate

Singapore Savings Account Rates presents Indian Overseas Bank Singapore savings rate. This is the local branch in Singapore of Indian Overseas Bank.

Important information: Indian Overseas Bank Singapore savings rate are subject to change without notice at the absolute discretion of Indian Overseas Bank.

First time visitors to Singapore Savings Account Rates blogspot should note that Indian Overseas Bank Singapore savings rate is shown for your information. Before you consider investing cash in stocks, shares, bonds, unit trusts or other banking products, ensure that you re-confirm the Indian Overseas Bank Singapore savings rate with bank concerned.

Indian Overseas Bank Singapore savings rate is presented today below.

Indian Overseas Bank Singapore Savings Rate:

Indian Overseas BankInterest Rate % (p.a.)

Savings Rates0.10
Interest rates subject to change without notice and compiled by Singapore Savings Account Rates.
(For Singapore dollar denominated savings account)

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

The Team
Singapore Savings Account Rates.

Apr 19, 2010

Best Bank Savings Account Interest Rates

Best Bank Savings Account Interest Rates

In this 2010 post, we look at the best bank savings account interest rates of the top three local banks in Singapore.

Singapore Savings Account Rates is going to compare the best bank savings account interest rates of the top three local banks in Singapore. The three local banks in Singapore are DBS bank, OCBC bank and UOB bank.

The best bank savings account interest rates are shown for your information. Before you consider investing cash in stocks, shares, bonds, unit trusts or other banking products, ensure that you re-confirm the best bank savings account interest rates with banks concerned.

Best bank savings account interest rates are always subject to change without notice at the absolute discretion of the respective bank(s).

Singapore Local Bank Savings Account Interest Rates:

Singapore Bank Account & BalanceInterest Rate % (p.a.)

DBS Bank Savings Plus A/C Balance >$1000000.25
OCBC Bank Passbook Savings Bal >$2500000.275
UOB Bank Passbook Savings Bal>$1000000.25
All latest interest rates subject to change without notice and are compiled by Singapore Savings Account Rates.

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

The Team
Singapore Savings Account Rates.

Apr 13, 2010

Indian Bank Singapore Savings Rate (SGD)

Indian Bank Singapore Savings Rate (SGD)

Singapore Savings Account Rates presents Indian Bank Singapore Savings Rate (SGD).

Indian Bank Singapore savings rate (SGD) are shown for your information. Before you consider investing cash in stocks, shares, bonds, unit trusts or other banking products, ensure that you re-confirm the Indian Bank Singapore savings rate with bank concerned.

Indian Bank Singapore savings rate is subject to change without notice at the absolute discretion of the bank.

We shall only look at the Indian Bank Singapore savings account and its savings rate which is denominated in SING dollars (SGD) today.

Indian Bank Singapore Savings Rate (SGD):

Interest rate = 0.50% p.a.


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

The Team
Singapore Savings Account Rates.

Apr 12, 2010

Investing In Bank Accounts Part 4

Investing In Bank Accounts Part 4

Singapore Savings Account Rates presents Investing In Bank Accounts Part 4 this Aptril 2010.

Investing In Bank Accounts Part 4:

6) What you should look out for when opening your account.

Different banks offer accounts with different features and fee structures. Before you open an account with any bank, you should find out and understand the product features by asking the following questions:

a) For savings and current accounts:

i) What is the minimum deposit to open an account? ii) What is the interest rate? iii) How is interest calculated, and how often is the
interest credited to my account?
iv) Is there a minimum balance to be maintained in the account? If I fail to maintain the minimum balance, is there a service charge?
v) How long must I keep the account after opening it? Is there a penalty if I close it earlier? vi) When a cheque is banked in, when can I use the money? vii) Is there a withdrawal limit at the branch, or ATM?

b) Additional questions for current accounts:

i) Is there an administration fee for account maintenance?
ii) Do I have to pay for the cheques provided by the bank?
iii) What are the charges for a returned cheque due to insufficient funds? Will I be charged interest as well?
iv) Will there be charges if a cheque is returned due to technical reasons, eg if the cheque is post¬dated?

c) For fixed deposits:

i) What is the minimum deposit to open an account? ii) What is the interest rate on my deposit?
iii) How is interest calculated?
iv) Will my deposit be automatically rolled over on maturity date?
v) What happens if the maturity date falls on a public holiday?
vi) Can I withdraw my money before maturity? Will I incur a penalty if I do so? Do I still receive interest, and how is the interest computed?

For further reading on other consumer guides, please log on to the MoneySense website at www.moneysense.gov.sg

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

The Team
Singapore Savings Account Rates.

Apr 6, 2010

DBS Bank Rates Online

DBS Bank Rates Online

Singapore Savings Account Rates presents DBS Bank Rates Online this May 2010 for our readers' personal interest.

DBS Bank rates online are taken from DBS bank savings accounts only. DBS bank rates online are shown for your information. Before investing cash in banking stocks or other banking products, ensure that you re-confirm the rates online of savings account rates with DBS bank.

DBS bank rates online are subject to change without notice at the absolute discretion of bank.

DBS Bank Rates Online:

DBS Bank Rates Online: DBS SAVINGS PLUS
First $3000= 0.1
Next $47000= 0.1
Next $50000= 0.25
Remaining balance above $100000= 0.25

DBS Bank Rates Online: DBS AUTOSAVE (PERSONAL)
First $3000= 0.1
Next $47000= 0.125
Next $50000= 0.25
Remaining balance above $100000= 0.325

DBS Bank Rates Online: DBS AUTOSAVE (NON-PERS)
First $3000= 0.1
Next $47000= 0.1
Next $200000= 0.075
Remaining balance above $250000= 0

DBS Bank Rates Online: MYSAVINGS ACCOUNT
(Interest rate is based on the Monthly Savings Amount)
FOR MONTHLY SAVINGS AMOUNT
$50 - $290= 0.125
$300 - $790= 0.4
$800 - $1,490= 0.4
$1,500 - $3,000= 0.4

DBS Bank Rates Online are quoted in % per annum.

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

The Team
Singapore Savings Account Rates.

Apr 5, 2010

Bank of India Singapore Savings Deposit Rate

Bank of India Singapore Savings Deposit Rate

Singapore Savings Account Rates presents Bank of India (Singapore branch) savings deposit rate for your knowledge.

Bank of India Singapore (BOI Singapore branch) savings deposit rate are shown for your personal information only and not for financial investment. Before you consider investing cash in stocks, shares, bonds, unit trusts or other banking products, ensure that you double check Bank of India Singapore savings deposit rate with bank concerned.

Bank of India Singapore savings deposit rate is subject to change without notice at the absolute discretion of the respective bank.

We show Bank of India Singapore savings deposit rate below.

Bank of India Singapore Savings Deposit Rate:

Interest Rate for BOI (Singapore Dolllar - SGD) Savings Account = 0.30% p.a.

(Interest rate subject to change.)

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

The Team
Singapore Savings Account Rates.

Apr 1, 2010

Singapore Teachers' Cooperative Society Savings Rates

Singapore Teachers' Cooperative Society Savings Rates

Singapore Savings Account Rates presents another Singapore co-operative society's savings accoutn rates for our readers. Today it is the Singapore Teachers' Cooperative Society savings rates.

Singapore Teachers' Cooperative Society savings rates are shown for your information. Before you consider investing cash in stocks, shares, bonds, unit trusts or other banking products, ensure that you re-confirm the Singapore Teachers' Cooperative Society savings rates with co-op concerned.

Singapore Teachers' Cooperative Society savings rates are subject to change without notice at the absolute discretion of the co-operative.

Singapore Teachers' Cooperative Society Savings Interest Rates:

General Savings Rates = 0.40% p.a.

Bonus Savings Rates = 2.46% p.a.


Depositors have to be members of the Singapore Teachers' Cooperative Society to qualify for these savings rates. Other terms and conditions apply.


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

The Team
Singapore Savings Account Rates.

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