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The latest on Singapore Savings Account Rates:

Jan 30, 2012

iSAVvy Singapore Savings Account

iSAVvy Singapore Savings Account

Welcome to Singapore Savings Account Rates. We are passionate about Singapore savings account rates and that is why we are presenting iSAVvy Singapore Savings Account today.

iSAVvy Singapore Savings Account Details:

Daily balance below S$5,000 = 0.1875% p.a.
Daily balance of S$5,000 to below S$50,000 = 0.30% p.a.
Daily balance of S$50,000 and above = 0.38% p.a.

iSAVvy Singapore Savings Account Interest-on-interest every 6 months* for average monthly balances of at least S$5,000 =6.00%

iSAVvy Singapore Savings Account Interest-on-interest every 6 months** for average monthly balances of at least S$100,000 =18.00%

iSAVvy Singapore Savings Account effective from: 31 December 2011

* With the additional 6% interest-on-interest, the effective interest rates for the accounts with a balance of S$5,000 to below S$50,000, and accounts with a balance of S$50,000 and above are 0.31% p.a. and 0.39% p.a. respectively.

** With the additional 18% interest-on-interest, the effective interest rate for the accounts with a balance of S$100,000 and above is 0.42% p.a.

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 22, 2012

Happy Lunar New Year

Happy Lunar New Year

From all staff at Singapore Savings Account Rates, we wish all readers a Happy Lunar New Year 2012!

Enjoy your seasonal holidays!


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 16, 2012

2012 Best Senior Citizens Savings Account Rates

2012 Best Senior Citizens Savings Account Rates

Which bank do you know offers the 2012 best senior citizens savings account rates? How high are the 2012 best senior citizens savings account rates offered by commercial banks in Singapore? What are the latest 2012 best senior citizens savings account rates in Singapore?

At Singapore Savings Account Rates, we picked the 2012 best senior citizens savings account rates for your information.

The 2012 best senior citizens savings account rates comes from the Central Provident Fund Board.

The CPF rate for Retirement Account is 4.00% per annum from 1 January 2012 to 31 December 2012.

An additional 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 Ordinary Account (OA).

The additional interest received on the OA will go into the member’s Special Account or Retirement Account to enhance his retirement savings.

If the member is above 55 years old and participates in the LIFE scheme, the additional 1% interest will also be payable on his annuity premium, less annuity payouts already made. The additional interest earned on the member’s LIFE annuity monies will be paid into his RA.


The Team

Jan 9, 2012

2012 Best Singapore Special Savings Account Rates

2012 Best Singapore Special Savings Account Rates

Welcome to 2012.

Welcome to Singapore Savings Account Rates.

We share with you the 2012 best Singapore Special savings account rates in Singapore this January 2012.

The 2012 best Singapore Special savings account rates are provided by the nation's number 1 savings bank (also known as Our Government).

Yes, we are talking about the Central Provident Fund Board's savings account. It offers the 2012 best Singapore Special savings account rates. Much higher savings account interest rates than any local bank or foreign bank in Singapore has offered in the past years.

CPF members will continue to enjoy a risk-free interest rate of 4% on their Special and Medisave Accounts (SMA) from 1 January 2012 to 31 March 2012, and on their Retirement Account from 1 January 2012 to 31 December 2012.

This is in line with the Government’s announcement made in September 2011 to maintain the 4% p.a. floor rate for interest earned on all SMA monies and Retirement Account (RA) monies until 31 December 2012.


Interest Rate for SMA monies

Savings in the SMA currently earn either 4% or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is the higher. The interest rate on SMA savings is adjusted quarterly, based on interest rates on 10YSGS over a preceding 12-month period.

The average yield of the 10YSGS plus 1%, from 1 December 2010 to 30 November 2011, works out to be 3.19%. Accordingly, the SMA interest rate payable to CPF members from 1 January 2012 to 31 March 2012 will be maintained at the current floor of 4%.


Interest rate on RA monies

New RA savings are invested in SSGS which earn a fixed coupon equal to either the 12-month average yield of the 10YSGS plus 1% at the point of issuance, or 4%, whichever is the higher, adjusted yearly.

Given the low 10YSGS yield, new RA savings will earn a fixed coupon of 4% (floor rate).

The interest rate to be credited to the RA is the weighted average interest rate of the entire portfolio of these SSGS, and adjusted yearly in January. The weighted average interest of the entire portfolio of these SSGS is 4% at the moment, so the interest rate payable to CPF members on their RA balances from 1 January 2012 to 31 December 2012 will be 4%.


Additional Interest of 1%

An additional 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 Ordinary Account (OA).

The additional interest received on the OA will go into the member’s SA or RA to enhance his retirement savings.

If the member is above 55 years old and participates in the LIFE scheme, the additional 1% interest will also be payable on his annuity premium, less annuity payouts already made. The additional interest earned on the member’s LIFE annuity monies will be paid into his RA.

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 3, 2012

Compare 2012 Singapore Bank Savings Interest Rates

Compare 2012 Singapore Bank Savings Interest Rates

Hello 2012!
To start off January 2012, let us compare 2012 Singapore bank savings interest rates of DBS bank, OCBC bank and UOB bank. These are the top local big banks in Singapore that we want to compare 2012 Singapore bank savings interest rates.

Welcome to 2012 Singapore Savings Account Rates. We are passionate about Singapore savings account rates and that is why we are presenting Compare 2012 Singapore Bank Savings Interest Rates today.

Singapore savings account rates 2012 are shown for your information about financial investments in Singapore. It is in your interest to re-confirm bank rates before you spend your money in any shape or form.

Compare 2012 Singapore Bank Savings Interest Rates:

DBS BANK Compare 2012 Singapore Bank Savings Interest Rates
SAVINGS PLUS / EXPATRIATE SAVINGS PLUS / SAVINGS PLUS

Amount | Rate (% p.a.)
First $10,000 =0.05
Next $90,000 =0.05
Next $250,000 =0.05
Next $650,000 =0.075
Remaining balance above $1,000,000 =0.1

OCBC Bank Compare 2012 Singapore Bank Savings Interest Rates
Passbook Savings / Young Savers Account Rates

Amount | Rate (% p.a.)
First S$10000 =0.050
From S$10001 to S$50000 =0.050
From S$50001 to S$250000 =0.080
Above S$250000 =0.080

UOB Bank Compare 2012 Singapore Bank Savings Interest Rates
Passbook Savings / Junior Savers / Fun Savers / Coins Bank Accounts

Amount | Rate (% p.a.)
First S$3,000 =0.05
Next S$47,000 =0.05
Next S$50,000 =0.075
Remaining Balance Above S$100,000 =0.100


Note that Singapore savings account rates that are used to compare 2012 Singapore bank savings interest rates are subject to change without notice at discretion of the bank entity or finance company.

We hope you discover rates of interest to you in our attempt to compare 2012 Singapore bank savings interest rates this Jan 2012. Keep reading Singapore Savings Account Rates, for new and the best financial rates information about selected savings deposit accounts in Singapore.

The Team

Jan 2, 2012

2012 Best Savings Account Rates in Singapore

2012 Best Savings Account Rates in Singapore

Happy 2012 New Year!

Welcome to Singapore Savings Account Rates.

We plan to bring you the 2012 best savings account rates in Singapore in the year 2012 and beyond.

We are passionate about finding the 2012 best savings account rates in Singapore and presenting 2012 best savings account rates in Singapore to you.

We are glad that many of you have returned to our Singapore Savings Account Rates site. We are also heartened by the appearance of many new visitors.

These have spurred us to bring you more savings deposit interest rates update with 2012 best savings account rates in Singapore in the coming weeks ahead.

Catch us in the coming days as we look ahead to 2012 best savings account rates in Singapore!

Keep reading Singapore Savings Account Rates, for the latest 2012 best savings account rates in Singapore in the year 2012 and more.

The Team

Jan 1, 2012

Happy 2012 New Year

Happy 2012 New Year

From all staff at Singapore Savings Account Rates, we wish all readers a Happy 2012 New Year!

We hope you discover bank account rates of interest to you in 2012.

Keep reading Singapore Savings Account Rates, for new and the best financial rates information about selected savings deposit accounts in Singapore.

The Team

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