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The latest on Singapore Savings Account Rates:

Sep 27, 2010

HSBC Singapore Kids Savings Account

HSBC Singapore Kids Savings Account

Do you know that there are savings accounts for newborn, babies, kids and young children? Savings accounts for newborn, babies, kids and young children that earn you money through interest payments?

Today we shall look at HSBC Singapore Kids Savings Account in our Singapore Savings Account Rates site.

Before proceeding, note that HSBC Singapore Kids Savings Account rates are shown for your information about financial investments in Singapore.

You should only try to make money or invest money in financial products or financial investments like stocks, shares, bonds, unit trusts, money markets or other banking products after you confirm these HSBC bank Singapore kids savings account rates with bank concerned.

HSBC Singapore Kids Savings Account rates are subject to change without notice at discretion of the respective bank / finance company.

HSBC Singapore Kids Savings Account Rates:

Amount | Interest Rate(p.a.)

First S$2,000= 0.010%
From S$2,000.01 to S$49,999.99= 0.010%
From S$50,000 and above= 0.010%


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

The Team

Sep 21, 2010

Special, Medisave, Retirement Account Savings Rates

Special, Medisave, Retirement Account Savings Rates

Special, Medisave, Retirement Account Savings Rates have been updated by Central Provident Board (CPF).

At Singapore Savings Account Rates we share with you the Special, Medisave, Retirement Account Savings Rates.

For the period from 1 January 2011 to 31 December 2011, the Special, Medisave, Retirement Account Savings Rates will be 4.00% per annum.

Thereafter, interest rates on all CPF account monies will be subject to a minimum rate of 2.5% per annum.

You should consider these interest rates before engaging in financial investments or investing money in other approved uses.

For details of Special, Medisave, Retirement Account Savings rates, check out CPF site.

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

The Team

Sep 20, 2010

Bank East Asia Un-Fixed Deposit Rates

Bank of East Asia Un-Fixed Deposit Rates, Singapore

Singapore Savings Account Rates presents Bank East Asia un-fixed deposit rates. This is a savings account denominated in Singapore dollars for savers who do retail banking in Singapore.

Bank East Asia Un-Fixed Deposit Rates are shown for your information about financial investments in Singapore. Before you invest money or try to make money in financial products or financial investments like stocks, shares, bonds, unit trusts, money markets or other banking products, you ought to confirm these Bank East Asia Un-Fixed Deposit rates with financial institution or bank firm concerned.

Bank East Asia Un-Fixed Deposit Rates are subject to change without notice at discretion of the respective bank / finance company.


Bank East Asia Un-Fixed Deposit Rates:

All deposit amounts = 0.1250 % p.a.


Bank East Asia Un-Fixed Deposit Rates are indicative only.


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

The Team

Sep 13, 2010

Citibank Savings Accounts Singapore

Citibank Savings Accounts Singapore

Singapore Savings Account Rates presents Citibank Savings Accounts Singapore this September 2010 for your knowledge.

Citibank Savings Accounts Singapore products are shown for your information about financial investments in Singapore. Before investing money or trying to make money in financial products or financial investments like stocks, shares, bonds, unit trusts, money markets or other banking products, you ought to confirm the fee structure and terms and conditions of use for these Citibank savings accounts Singapore.

Citibank Savings Accounts Singapore details are subject to change without notice at discretion of the finance company.

Citibank Savings Accounts Singapore :

Citibank Step-Up Interest Account
Citibank Tap and Save Account
Citibank MaxiSave Plus Account
Citibank Junior Savings Account
Citibank MzxiSave Account
Citibank Money Market Account

Citibank Singapore Dollar Saving Account

* Saving Account earns you daily interest, which increases with the more money you save.
* Minimum deposit of S$2,000 to open an account.
* Higher interest for balances over S$50,000.
* International CitiCard with access to 1.4 million "Visa /PLUS" ATMs worldwide.


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

The Team

Sep 10, 2010

My Money: Smart Investing Seminar

MY MONEY: SMART INVESTING SEMINAR

UNDERSTANDING RISKS. MANAGING YOUR MONEY (ENGLISH SEMINAR)

This My Money Smart Investing seminar is organised by SIAS Singapore. Topics on smart investing that will be covered include the pitfalls and usefulness of using credit cards and the basic to advanced concepts on how to maximise returns from unit trust investments.

Smart investors who wish to boost their learning on the various investment options, the diversification processes for their investment portfolio and the financial management skills to optimally handle their personal finance.

Learn about the concepts of smart investing to make money. Learn to be a smart investor who can invest for income confidently.

My Money: Smart Investing Seminar Details:

Event Date: 11 September 2010
Event Time: 9:00am - 1:00pm
Closing Date: 11 September 2010
Medium: English
Venue: NTUC Auditorium
Address: NTUC Centre, Level 7, One Marina Boulevard Singapore 018989
Fee (Member): Free
Fee (Non-member): Free
Fee (Student member): Free



The Team

Sep 8, 2010

Finance Companies Savings Deposit Rate Trend

Finance Companies Savings Deposit Rate Trend

Singapore Savings Account Rates presents Finance Companies Savings Deposit Rate Trend. These Finance Companies Savings Deposit Rate Trend rates are supplied by Monetary Authority of Singapore (MAS).

Finance companies savings deposit rate trend cover the period from January 2010 to June 2010. These are the average figures of the 10 leading finance companies in Singapore.

Finance Companies Savings Deposit Rate Trend From January 2010 to June 2010:

Period | Finance Companies Savings Deposit Rates % p.a.

Jan= 0.25
Feb= 0.25
Mar= 0.25
Apr= 0.25
May= 0.25
Jun= 0.25

We hope you find the finance companies savings deposit rate trend useful.


Thanks for reading Singapore Savings Account Rates.

The Team

Sep 6, 2010

HSBC Singapore Dollar Passbook Savings Deposit

HSBC Singapore Dollar Passbook Savings Deposit

We inspect the HSBC Singapore Dollar Passbook Savings Deposit account rates this September 2010 on Singapore Savings Account Rates blogspot.

HSBC Singapore Dollar Passbook Savings Deposit rates are shown for your information about financial investments in Singapore. Before you invest money or try to make money in financial products or financial investments like stocks, shares, bonds, unit trusts, money markets or other banking products, you ought to confirm these HSBC Singapore Dollar passbook savings deposit account rates with financial institution concerned.

Inspect now the HSBC Singapore Dollar Passbook Savings Deposit details below.

HSBC Singapore Dollar Passbook Savings Deposit Rates:

Amount | Interest Rate(p.a.)
First S$2,000= 0.010%
From S$2,000.01 to S$49,999.99= 0.010%
From S$50,000 and above= 0.010%


HSBC Singapore Dollar Passbook Savings Deposit Account rates are subject to change without notice at discretion of the respective bank / finance company.


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

The Team

Sep 3, 2010

Deposit Insurance Scheme Coverage To Be Raised

Deposit Insurance Scheme Coverage To Be Raised

According to MAS announcement of 3 September 2010, the deposit insurance scheme coverage to be raised for individuals from a limit of $20000 to $50000, likely by the year 2011.

The deposit insurance scheme scope of coverage will also expand to include non-bank depositors like sole proprietorships and partnerships.

Currently, 100% of an individual's bank deposits, like money kept in savings accounts and fixed deposits, are guaranteed by Government and insured against a bank going bankrupt. However this insurance coverage will expire at the end of 2010.

The new enhanced scheme will protect the majority of small depositors with $50000 or less.


Detailed Monetary Authority of Singapore response is quoted below:

Singapore, 3 September 2010

The Monetary Authority of Singapore (MAS) has issued our responses to feedback received from the public consultation on the proposed enhancements to the Deposit Insurance (DI) Scheme in Singapore, which was published on 25 February 2010.

2 MAS had proposed enhancements to the Scheme to enhance protection for depositors. We received useful feedback from consumers and the industry. After careful consideration, we have decided to proceed with the proposals to expand the scope of coverage to insure deposits of other non-bank depositors such as sole proprietorships and partnerships, and to raise the DI coverage limit from S$20,000 to S$50,000 per depositor per Scheme member.

With these changes, 91% of depositors under the Scheme will be fully insured. This meets our objective of providing adequate coverage for small depositors, while preserving the incentives for large depositors to exercise market discipline, and keeping costs to Scheme members manageable.

3 MAS intends to consult on proposed legislative amendments in the later part of this year, with a view to implementing the revised Scheme in early 2011.

4 The current study formed part of MAS’ regular review with the Singapore Deposit Insurance Corporation , to ensure that the Scheme which was first implemented in 2006, continues to be relevant. The Scheme is independent of the Government guarantee on deposits which expires on 31 December 2010.


The Team

Sep 1, 2010

CIMB Starsaver Account

Revision of CIMB Starsaver Account to be noted with effect from 1 September 2010.

CIMB Starsaver Account

Singapore Savings Account Rates presents CIMB Starsaver Account this September 2010.

CIMB Starsaver Account Rates are shown for your information about financial investments in Singapore. Before you invest money or put cash in financial products or financial investments like stocks, shares, bonds, unit trusts, money markets or other banking products, you ought to confirm these CIMB Starsaver Account rates with financial institution or bank firm concerned.

Revision of interest rate for the CIMB Starsaver Account

With effect from 1 September 2010, the maximum interest rate for the CIMB StarSaver Account will be revised to 0.9% p.a. for StarSaver Accounts opened before 1 September 2010.

New CIMB StarSaver account opened from 1 September 2010 will have the following interest rates:

Month-end Incremental Deposit | Interest Rate
S$500 or more = 0.8% p.a.
Less than S$500 = 0.5% p.a.

The base rate of 0.5% p.a. of CIMB Starsaver Account remains unchanged for balances above S$750,000. All other product terms and conditions remain unchanged for CIMB Starsaver Account.

CIMB Starsaver Account are subject to change without notice at discretion of the respective bank / finance company.

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

The Team

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