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Dec 23, 2014

Merry Christmas Singapore Savings Account Rates

Merry Christmas Singapore Savings Account Rates

In this 'Merry Christmas Singapore Savings Account Rates' post, we remind all readers that Singapore Savings Account Rates blogspot site has been bringing you the latest, the best and the highest Singapore savings account rates since January.

How time flies and now we are deep into the season of many Merry Christmas greetings.

In this joyous season (of Merry Christmas), Singapore savings account rates will be still be around present savings account rates for your personal update.

So without further ado, we wish everyone Merry Christmas.

Singapore Savings Account Rates blogspot site will be back after the Merry Christmas celebrations.

Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Dec 17, 2014

2.08% DBS Multiplier Programme

2.08% DBS Multiplier Programme

We present Singapore 2.08% DBS Multiplier Programme savings rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

Singapore 2.08% DBS Multiplier Programme savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

2.08% DBS Multiplier Programme Rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.

2.08% DBS Multiplier Programme Details:

If your regular banking with us adds up to S$7,500 per month, you’re eligible to earn higher interest.
The higher interest earned will be paid on the first S$50,000 in your Multiplier Account
No lock-in period
Total monthly banking with DBS or POSB Interest Rate (p.a.)1

Less than S$7,500 0.0005

S$7,500 to less than S$10,000 1.08%

S$10,000 to less than S$12,500 0.0128

S$12,500 to less than S$15,000 0.0148

S$15,000 to less than S$20,000 0.0168

S$20,000 and above 0.0208

1Remaining balance over and above the first S$50,000 will be accorded the prevailing base interest rate for that month. Higher interest will be credited in 2 parts:

(i) base interest at our prevailing base interest rate calculated on daily balances will be credited at month end, and

(ii) the remaining preferential interest, calculated as the nett of the higher interest rate and the prevailing base interest rate, based on the sum of your eligible cash flows with us, by the 7th working day of the following month.

Effective from 1 Oct 2014, the interest rate of this tier is revised from 0.98% p.a. to 1.08% p.a.

What are the fees and charges under the DBS Multiplier Account?

(i) Fall below fee of S$5 will be charged if average daily balance falls below S$3,000 (based on total SGD equivalent of SGD & foreign currency balances). Please note though, that fall below fee is not applicable in the month of account opening.

(i) No monthly account fee

(ii) Early account closure fee of S$30 will be charged if account is closed within 6 months.

Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Dec 15, 2014

High Interest Bank Accounts

High Interest Bank Accounts

We present today's "High Interest Bank Accounts" post to help you save money Singapore Savings Account Rates.

Singapore's High Interest Bank Accounts for 2014 are presented for personal information.

In this 'high interest bank accounts' post, the team at Singapore Savings Account Rates wants to draw your attention to certain fees and charges you may incur when you open a bank account in Singapore.

Do not look simply at the simple interest that you earn on your bank account. You must pay attention to charges and fees that you have to pay if you invoke certain services that the bank performs for you.

You may lose all your interest earned in the bank account AND lose money if you have to pay for some expensive services that your bank provides you.

What are some of these expensive items of high interest for bank account holders?

Here are some "High Interest" bank accounts holders may have to pay when services have been rendered by their respective banks:

High Interest Bank Accounts Fees and Charges:

Item | Charge

Cheque/draft deposits
• Singapore dollar local clearing FREE
• US dollar local clearing US$5 per cheque

Coin exchange/withdrawal/deposit
-First 50 pieces free
-S$5 for next 1,000 pieces or part thereof
-S$10 for every subsequent 1,000 pieces or part thereof

Bulk cash notes deposit/exchange
-First 300 pieces free
-S$2.50 for every subsequent 100 pieces or part thereof

Standing instructions
• Set up charge S$10 per item
• Amendment/cancellation S$10 per item
• Commission
- Singapore dollar S$10 per item plus incidental charges
- Foreign currency account S$10 per item plus incidental charges
• Returned items (due to insufficient funds) S$50 per item

Money/postal order
-S$10 per schedule of 10 items or part thereof

Marked cheques
• Non bank cheques drawn locally S$100 per cheque (include paying bank’s charge)
• Own Bank cheques S$30 per cheque
(Marked cheques refer to valuation of Singapore dollar cheques on the same day)

Returned GIRO
• Due to insufficient funds S$10 per item

Other services
• Cheque image/voucher retrieval S$50 per copy
• Statement retrieval
- Up to 3 years S$50 per monthly statement
- More than 3 years S$100 per monthly statement
• Document retrieval (such as Unit Trust application
forms, Standing Instruction image retrieval etc) = S$100 per copy
• Issuance of Letter of Reference S$30 per copy

Foreign Currency
• Administrative fee for foreign currency transactions made on Debit/ATM Card
1.5% of the foreign currency transaction amount

This is just a list of sample charges and fees. Different banks in Singapore may charge different rates for different service items.

So from now onwards, be aware of "high interest bank accounts" and their service charges.

Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Dec 12, 2014

Bonus 1.56% iSavvy Savings Plus Account

Bonus 1.56% iSavvy Savings Plus Account

We present Singapore Bonus 1.56% iSavvy Savings Plus Account from Maybank to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

Singapore Bonus 1.56% iSavvy Savings Plus Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

Bonus 1.56% iSavvy Savings Plus Account rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.

Bonus 1.56% iSavvy Savings Plus Account Details:

• Bonus interest* of 1.56% p.a. is paid on any increase in the average daily balance of the account

Base interest rate:

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.

Bonus interest rate:

Bonus interest rate (on the increase in the average daily balance of the account each month) 1.56% p.a.


Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Dec 9, 2014

1.5% p.a. POSB Savings Account Promotion

1.5% p.a. POSB Savings Account Promotion


We present Singapore 1.5% p.a. POSB Savings Account Promotion savings rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

1.5% p.a. POSB Savings Account Promotion Example Of Earnings:

Customer A registers for 1.5% p.a. POSB Savings Account Promotion via online through DBS’ website during the 1.5% p.a. POSB Savings Account Promotion Period and successfully top-up a lump-sum of SGD 20,000 to a CASA by 31 December 2014.

Cash Gift earned by 1.5% p.a. POSB Savings Account Promotion Customer A under the Promotion as follow:

SGD 20,000*1.5%p.a.*181/365 days = SGD 148.77

Note: 6 months period is from 1 January 2015 to 30 June 2015 = 181 days

1.5% p.a. POSB Savings Account Promotion “CASA” refers to such account(s) which Customers may have with DBS/POSB whether alone or jointly with any other person(s) and include savings account, current account and any other accounts which DBS Bank Ltd (“DBS”) may introduce from time to time excluding Settlement, Fixed Deposit and Corporate Accounts.
How to qualify for 1.5% p.a. POSB Savings Account Promotion :

1.Register online by 22 Dec 2014.
2.Complete a one-time top-up by 31 Dec 2014.
3.Maintain top-up amount for 6 months.

*The 1.5% p.a. POSB Savings Account Promotion period shall be from 18 November 2014 to 22 December 2014, both dates inclusive (“Promotion Period”).

To participate in the 1.5% p.a. POSB Savings Account Promotion, Customers must (i) complete the online registration form during the Promotion Period; and (ii) deposit a single sum of between SGD 1,000 and SGD 20,000 (in multiples of SGD 1,000) to their CASA Account by 31 December 2014.

Where there are multiple registration submissions for 1.5% p.a. POSB Savings Account Promotion, the latest entry duly completed by the Customer will be used to qualify for this Promotion. The deposit must be made using funds from non-DBS/POSB accounts (“Fresh Funds Deposit”).

1.5% p.a. POSB Savings Account Promotion participants will be disqualified from the Promotion if transfers are made from any DBS/POSB account in any mode to the CASA Account.

Qualifying 1.5% p.a. POSB Savings Account Promotion Customers will receive a lump-sum Cash Gift of 1.5% p.a. on the Fresh Funds Deposit for 6 months (“Cash Gift”) and the Cash Gift will be credited to their designated account by 30 June 2015.

Each 1.5% p.a. POSB Savings Account Promotion Qualifying Customer will receive a maximum of one (1) Cash Gift for the Fresh Funds Deposit.

*Fresh Funds Deposit means funds transferred from non-DBS/POSB accounts, through cheque(s), cashier’s order(s), demand draft(s), cash deposits, FAST credit (Fresh Funds Deposit that is more than SGD 10,000 via FAST, more than one (1) FAST credit is allowed) and MEPS receipt. These exclude any funds from any DBS/POSB account and funds deposited via any DBS/POSB cheque(s), DBS/POSB cashier’s order(s), or DBS/POSB demand draft(s).

The Team

Dec 8, 2014

SCB eSaver Account Promotion

SCB eSaver Account Promotion

We present SCB eSaver Account Promotion Singapore bank savings rates of up to 1.35% per annum at Singapore Savings Account Rates site this day in 2014.

Read more at Singapore Savings Account Rates to find out details of SCB eSaver account promotion today.

Singapore Standard Chartered Bank SCB eSaver Account Promotion savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.


SCB eSaver Account Promotion Rates:
(Rates quoted refer to Total interest rate on eligible incremental balance of fresh funds)

Less than $50,000 = 1.2% p.a.

$50,000 to less than $200,000 = 1.25% p.a.

Equal or more than $200,000 =1.35% p.a.




SCB eSaver account promotion rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.

Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

2015 Singapore Savings Account

2015 Singapore Savings Account

In 2015 Singapore Savings Account Rates Blogspot Dot Com will continue to supply updates on bank savings account rates for your information.

How high will 2015 Singapore savings account rates reach? How good will 2015 Singapore savings account rates be?

We shall discover what 2015 Singapore savings account after the end of 2014.

In the meantime, let us share with you before 2015, Singapore savings account rates that we have collected over the past months.

We hope that before the year 2015, Singapore savings account interest rate information we provide will help you make your money work harder for you at Singapore Savings Account Rates.

2015 Singapore savings account rates will be presented in future for your personal information.

You should always re-confirm the 2015 Singapore savings account bank rates before you invest your money based on these rates.


Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Dec 3, 2014

0.68% RHB BizPower Quad Business Current Account

0.68% RHB BizPower Quad Business Current Account

We present Singapore 0.68% RHB BizPower Quad Business Current Account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

Singapore 0.68% RHB BizPower Quad Business Current Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

0.68% RHB BizPower Quad Business Current Account rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.


RHB BizPower Quad Business Current Account

= 0.68% p.a.

With no maximum cap on the interest earned.

Other Benefits:
- Get higher fixed deposit rates
- Preferential remittance rates
- Higher FX rates
- Discounted commision rates on trade services


Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Dec 2, 2014

Singapore Corporate Retail Bonds

Singapore Corporate Retail Bonds

We present Singapore Corporate Retail Bonds and per annum rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

Singapore Corporate Retail Bonds rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

Singapore Corporate Retail Bonds are shown for your info in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.

Singapore Corporate Retail Bonds and Perpetuals:

Coupon Rate | Counter Name | Code

5.125% p.a. Genting SP5.125%Perp P9GZ

3.08% p.a. CapMallTrb3.08%210220 TY6Z

2.15% p.a. SIA 2.15%b150930 MA6Z

3.8% p.a. CapMallA3.8%b220112 PW3Z

2% p.a. Tigerair 2%PerpC S3TB

6.75% p.a. Olam6.75%b180129 US$ R9JZ

4.17% p.a. LTA n4.17%160510 L07Z




Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

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