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Jan 25, 2011

DBS Treasures Interest Rates

DBS Treasures Interest Rates

Welcome to Singapore Savings Account Rates. We are passionate about Singapore savings account rates and that is why we are presenting DBS Treasures interest rates today. This special interest rates apply to the MySavings Account of DBS bank.

DBS Treasures Interest rates are shown for your information about financial investments in Singapore. It is in your interest to re-confirm bank rates before you invest money in investment products or financial instruments.

Note that Singapore savings account rates are subject to change without notice at discretion of the bank entity or finance company.

DBS Treasures Interest Rates :

MYSAVINGS ACCOUNT (TREASURES PREFERENTIAL INTEREST RATES)
(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


We hope you discover bank account rates of interest to you. Keep reading Singapore Savings Account Rates, for new and the best financial rates information about selected savings deposit accounts in Singapore.

The Team

Jan 18, 2011

UOB Children Savings Account

UOB Children Savings Account

Singapore Savings Account Rates presents UOB Children Savings Account. This UOB children savings account rate is taken from local bank UOB Singapore's Junior Savers Account.

UOB children savings account rates are shown for your information about financial investments in Singapore.

UOB children savings account rates are subject to change without notice at discretion of the respective bank / finance company.

UOB Children Savings Account (% p.a.)

First S$3,000= 0.1000

Next S$47,000= 0.1000

Next S$50,000= 0.2500

Remaining Balance Above S$100,000= 0.2500

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

Jan 17, 2011

Wise Money Saving Ideas for 2011

Wise Money Saving Ideas for 2011


With the start of 2011, we thought it would be a great idea to share some wise money savings ideas for 2011 with our loyal Singapore Savings Account Rates readers.

We have a short collection of wise money saving ideas for 2011 listed below. We hope you find these universal nuggets of information useful in your search to make your money work harder for you.

So here goes the list of wise money saving ideas for 2011:

(1) Keep track your spending
If you wish to save money, it is wise to know how much is coming in, how much is going out and to keep track of where the cents and dollars are going.

(2) Master the art of being frugal
If you don't need it, then don't go out and buy it. Some spenders think that this money saving idea is so restrictive on their lifestyle. Actually, it is the opposite: it is liberating because you gain control of your personal finance and attain mastery in self control of careless spending urges.

(3) Save and pay yourself first
Always pay yourself first when you receive your salary, profit or investment return. Credit a portion of the money you receive automatically into a savings account by default.

(4) Avoid getting into unnecessary debt
Debt drains you of money and steals your financial freedom. Use credit cards for emergencies. Pay off the entire credit card bill each month so that you do not end up with high interest payments.

(5) Choose the best savings account rates
Look out for the highest paying savings or deposits accounts to boost your interest income. Make sure you take note of minimum sums for the bank accounts to avoid paying extra monthly administrative charges when your deposits fall below a cut off sum.

(6) Keep reading Singapore Savings Account Rates
We mean it. This is no doubt a thick-skinned effort of ours. You get updates on selected Singapore Savings Account Rates in Singapore on our finance site. You get occasional wise words on our Singapore Savings Account Rates site. You get savings related news as well. What more can Singapore Savings Account Rates readers like you ask for?

We thank you for your wise visit to our great site!

The Team

Jan 10, 2011

Review Best 2011 Savings Deposit Interest Rates

Review: Best Savings Deposit Interest Rates

Welcome to Singapore Savings Account Rates. We are passionate about Singapore savings account rates and that is why we are presenting "Review Best 2011 Savings Deposit Interest Rates" of selected banks in Singapore today.

Review Best 2011 Savings Deposit interest rates are shown for your information about financial investments in Singapore. It is in your interest to re-confirm bank rates before you invest money in investment products or financial instruments.

Note that this review best 2011 savings deposit interest rates are always subject to change without notice at discretion of the bank entity or finance company.

Review Best 2011 Savings Deposit Interest Rates (Selected Singapore savings deposit accounts):

Fairprice Plus savings account = 0.4% (from $50,001 onwards)
State Bank India Special savings account = 0.35% ($50K and above)
OCBC Easisave Account = 0.35% (above $1 million)
DBS Autosave (Personal) account = 0.35% (more than $1 million)
UOB i-Account / FlexiDeposit account = 0.325% (from $300,000 onwards)
Maybank iSavvy account = 0.320%
Bank of India (Singapore) savings account = 0.300%


We hope you discover bank account rates of interest to you. Keep reading Singapore Savings Account Rates, for new and the best financial rates information about selected savings deposit accounts in Singapore.

The Team

Jan 8, 2011

Expiry of Government Guarantee on Deposits

Expiry of Government Guarantee on Deposits

We highlight news on the expiry of government guarantee on deposits. Subject to limits, not all money kept in Singapore bank savings accounts will be guaranteed by the government from the first of January 2011.

This update is obtained from Monetary Authority of Singapore site.

"On 16 October 2008, the Singapore Government announced that it would guarantee all Singapore Dollar and foreign currency deposits of individuals and non-bank customers in banks, finance companies and merchant banks until 31 December 2010.

1. Why is the Government guarantee not extended beyond 31 December 2010? What is the impact?

The Government guarantee was an extraordinary measure in response to blanket guarantees by other jurisdictions in the region, to ensure a level international playing field for financial institutions in Singapore. It was a precautionary step as Singapore's financial system remained stable and sound during the global financial crisis, reflecting its strong fundamentals.

In light of improving financial market conditions, Singapore's financial system is not expected to be materially affected when the hitherto unused Government guarantee on non-bank deposits expires on 31 December 2010.

2. What happens after the guarantee expires? Are depositors still protected?

The expiry of the guarantee will not affect the operation of Singapore's deposit insurance scheme. Small depositors will continue to be protected under the scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC).

Consumers should always exercise discretion in their choice of financial institutions, and products and services, whether or not there are explicit protection schemes."


Amount insured under the Deposit Insurance Scheme Singapore (source from SDIC) :

"In the event a Scheme member fails, all of your eligible accounts with that member, except for deposits under the CPF Investment Scheme, are aggregated and insured up to S$20,000, net of your liabilities to the member, such as loans.

Deposits are not insured separately in each branch office of a Scheme member i.e. all your eligible accounts maintained with different branches of a Scheme member are aggregated and insured up to S$20,000 net of your liabilities to the member.

Moneys held in bank deposits under the CPF Investment Scheme (CPFIS) are separately insured up to S$20,000."


The Team

Jan 2, 2011

DBS Bank Savings Account Rates

DBS Bank Savings Account Rates

Welcome to a new banking year of 2011.

At Singapore Savings Account Rates we are passionate about savings account interest rates in Singapore.

This January 2011, we present DBS Bank Savings Account Rates in Singapore.

DBS Bank Savings Account rates are shown for your information about financial investments in Singapore.

Before investing cash in financial products or financial investments like stocks, shares, bonds, unit trusts, money markets or other banking products, kindly re-confirm these DBS bank savings account rates with banking financial institution.

DBS bank savings account rates are subject to change without notice at discretion of the respective bank / finance company.

DBS BANK SAVINGS PLUS ACCOUNT RATES: (% p.a.)

First $10000= 0.1
Next $90000= 0.1
Next $250000= 0.25
Next $650000= 0.25
Remaining balance above $1000000= 0.275



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

Jan 1, 2011

Singapore Savings Account 2011

Singapore Savings Account 2011

Welcome to Singapore Savings Account Rates.

Since long before 2011, we have been passionate about savings account rates of banks and financial institutions in Singapore.

We plan to gather interest rates of various savings accounts in Sg banks and present them to you for your personal information for the year 2011 and beyond.

Readers of our finance blogspot site are encouraged to browse our site for relevant items of interest.

Note that all Singapore savings account 2011 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 in 2011, you ought to confirm these savings account rates with financial institution or bank firm concerned.

All 2011 savings 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 in 2011

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