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The latest on Singapore Savings Account Rates:

May 28, 2010

CPF ACCOUNT INTEREST RATE

CPF ACCOUNT INTEREST RATE

Singapore Savings Account Rates presents latest CPF Account interest rates.

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 savings account rates with bank concerned.

Savings Account rates are subject to change without notice at the absolute discretion of the respective bank.

CPF ORDINARY ACCOUNT INTEREST RATE FROM 1 JULY 2010 TO 30 SEPTEMBER 2010

Joint News Release by:
Central Provident Fund Board
Housing & Development Board
12 May 2010

Interest Rate For Ordinary Account (OA)

The Board will continue to pay 2.50% interest per annum for members’ CPF
savings in their Ordinary Account (OA) from 1 July 2010 to 30 September 2010.

The computed CPF interest rate derived from the major local banks’ interest rates for the three-month period, 1 February 2010 to 30 April 2010, worked out to be 0.41 % 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.

HDB's Mortgage Rate

The concessionary interest rate for HDB mortgage loan, which is pegged at 0.1 percentage point above the CPF interest rate for the OA, will remain unchanged at 2.60% per annum from 1 July 2010 to 30 September 2010.

The detailed computations of the CPF OA interest rate and the HDB mortgage loan interest rate are given in the Annex.

Extra Interest of 1%

In addition, an extra 1% interest will continue to be paid on the first $60,000 of a member's combined balances, with up to $20,000 from the 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 selected Singapore savings account rates.

The Team
Singapore Savings Account Rates.

May 25, 2010

Singapore Savings Account Rates

Singapore Savings Account Rates

If you are new to Singapore Savings Account Rates, welcome to our site! If you are a regular, thanks for your support!

Singapore Savings Account Rates blogspot is dedicated to bring you the latest and best Singapore savings account rates of banks and financial institution around the island of Singapore.

In this latest promotion on Singapore Savings Account Rates, we aim to bring you up to date with interest rates news on the bank savings account rates available in Singapore.

Do note that Singapore savings account rates information are meant for your personal use. Before you consider using the details on Singapore Savings Account Rates, make sure that you re-confirm the savings account rates with respective bank.

Singapore savings account rates information is subject to change without notice at the absolute discretion of the respective bank.

Feel free to explore our site for the latest 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.

May 18, 2010

Investing in Bank Accounts Part 5

Investing in Bank Accounts Part 5

Singapore Savings Account Rates presents Investing in Bank Accounts Part 5 on this day in MAY 2010.

7) Protecting Your Accounts

Here are some tips for protecting your account/account information.

a) ATM Card/PIN Remember to keep your ATM card safe and your PIN secret. To protect your PIN, you should:
i) destroy the original print copy of the PIN ii) not allow anyone to use your card or PIN iii) never write down the PIN on the ATM card iv) not use easy-to-remember dates or numbers like NRIC or birthdates as your PIN v) change your PIN periodically

b) Cheque Book/Savings Passbook Protect and keep your cheque book and passbook in a safe and secure place when you are not using them.

c) Precaution when writing cheques
i) Do not pre-sign your cheques.
ii) Write your cheques in dark ink.
iii) Write your cheques in such a way to prevent unauthorised insertions, eg rule off any blank space after the payee’s name and always insert the word “only” after the amount in words.
iv) If it is not a cash cheque, cross out the cheque with the words “Account Payee Only”.
v) Do not use facsimile signatures on your cheques.

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.

May 17, 2010

DBS Singapore Savings Plus Interest Rate

DBS Singapore Savings Plus Interest Rate

Singapore Savings Account Rates presents DBS Singapore Savings Plus Interest Rate this May 2010.

DBS Singapore Savings Plus Interest Rate 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 DBS Singapore Savings Plus Interest Rate with bank concerned.

DBS Singapore Savings Plus Interest rate are subject to change without notice at the absolute discretion of DBS Singapore Bank.

DBS SINGAPORE SAVINGS PLUS INTEREST RATE:

Sum | Interest Rate % p.a.

First $3000= 0.1
Next $47000= 0.1
Next $50000= 0.25
Remaining balance above $100000= 0.25


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.

May 11, 2010

POSB Passbook Interest Rate

POSB Passbook Interest Rate

Singapore Savings Account Rates presents POSB Passbook Interest Rate. These POSB Passbook Interest Rate are obtained from DBS bank Singapore.

Are there changes in the latest POSB Passbook Savings Account interest rate? We reveal the POSB passbook interest rate today.

Note that POSB Passbook Interest rates are shown for your information, and therefore before you invest cash in stocks, shares, bonds, unit trusts or other banking products, make sure that you re-confirm the POSB passbook interest rate with POSB bank.

POSB Passbook interest rates are subject to change without notice at the absolute discretion of the respective bank.

POSB PASSBOOK INTEREST RATE:

Deposit Sum | Interest Rate % per annum
First $3000= 0.125
Next $47000= 0.125
Next $50000= 0.25
Remaining balance above $100000= 0.25


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.

May 10, 2010

RHB Bank Singapore Savings Rate

RHB Bank Singapore Savings Rate

Singapore Savings Account Rates presents RHB Bank Singapore Savings Rate.

RHB Bank Singapore 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 RHB Bank Singapore savings rates with bank concerned.

RHB Bank Singapore Savings Rate is also subject to change without notice at the absolute discretion of the respective bank.

RHB Bank Singapore Savings Rate

Interest Rate = 0.375% p.a.

This rate is unchanged from the last review in our earlier finance post.

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.

May 4, 2010

DBS MySavings Account Interest Rates

DBS MySavings Account Interest Rates

Singapore Savings Account Rates presents DBS MySavings Account Interest Rates this May 2010.

DBS MySavings account interest rates are shown for your information only. Before you consider investing savings account cash, ensure that you re-confirm the DBS MySavings account interest rates with bank concerned.

DBS MySavings account interest rates subject to change without notice at the absolute discretion of the Singapore bank.

DBS MySavings Account Interest Rates:
Deposit Sum | Interest Rate in % per annum
$50 - $290= 0.125
$300 - $790= 0.4
$800 - $1,490= 0.4
$1,500 - $3,000= 0.4

DBS MySavings account interest rates are the same for Treasures and Non-Treasures customers.

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.

May 3, 2010

HSBC Singapore Dollar Savings Rate

HSBC Singapore Dollar Savings

Singapore Savings Account Rates presents HSBC Singapore Dollar Savings rate. This is taken from their HSBC Singapore Dollar passbook and savings account and KidzSaver savings account.

HSBC Singapore Dollar 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 HSBC Singapore dollar savings rates with bank concerned.

HSBC Passbook Account / HSBC Savings Account / HSBC KidzSaver Savings Account

Deposit Sum | Interest Rate(p.a.)

First S$2,000 = 0.01%
From S$2,000.01 to S$49,999.99 = 0.01%
From S$50,000 and above = 0.01%

HSBC Singapore savings account rates are subject to change without notice at the absolute discretion of the respective bank.

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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