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The latest on Singapore Savings Account Rates:

Mar 27, 2017

Application for New 5 Year Government Bonds

Application for New 5 Year Government Bonds


THE MONETARY AUTHORITY OF SINGAPORE
22 Mar 17

Application for taxable book-entry Singapore Government Bonds
Tenor Approximately 5 Years
Total Amount Offered SGD 2,600,000,000
Minimum Denomination SGD 1,000
MAS' Intended Tender Amount SGD 200,000,000

Issue Code N517100F
ISIN Code SG31B5000004
Issue Date/Settlement
Date1 03 April 2017
Maturity Date 01 April 2022

Coupon Rate To be determined based on the cut-off yield of successful applications
Yield and Price To be determined at the auction

Coupon Payment Dates 01 April and 01 October
First Coupon Payment Date 01 October 2017 calculated from Issue Date

Method of Sale = Uniform-Price Auction

Competitive Applications Must be expressed as an annual yield, to 2 decimal places
Non-Competitive Applications Accepted at the cut-off yield of successful competitive applications, with pro-rated allotment if applications exceed 40% of amount offered.

Accrued Interest Payable By Investor = None
Closing Date of Application 12 Noon, 29 March 2017
Mode of Application eApps Facility for Primary Dealers on SGS website (www.sgs.gov.sg)

Applications must be submitted through Primary Dealers and be in time for Primary Dealers to submit by the closing date of application.

Eligible individuals under the CPF Investment Scheme can apply to use their CPF funds in their tender for Singapore Government Bonds.

The Team

Mar 23, 2017

1.1% saving account interest for up to $30K

1.1% saving account interest for up to $30K


We found this 1.1% saving account interest for up to $30K promotion from HL bank of Singapore recently. It is the HL bank iSaving account.

This Promotion is from 13 February 2017 to 12 May 2017 and applicable to individuals only.

There will be no issuance of passbook for this HL Bank iSaving Account.

The Promotion is subject to change without prior notice.

Additional Terms and Conditions governing iSavings Account and this Promotion apply, together with the Standard Terms and Conditions governing accounts.

For more information on the terms and condition and the applicable fees and charges for iSavings Account, please visit www.hlbank.com.sg.

Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today.

Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.

Thanks for reading Singapore Savings Account Rates.

The Team

Mar 20, 2017

3% Interest on first $50000 Savings

3% Interest on first $50000 Savings

How to get up to 3% interest on first $50000 of savings account deposits? What must be done to get 3% interest on first $50000? Where to find promo on 3% interest on first $50000?

Don't panic. Don't get too excited. All will be revealed at Singapore Savings Account Rates blogspot dot com.

Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.

Rates quoted in 2017 on Singapore savings accounts rates are meant for personal use only. You are advised to check interest rates with the respective banks and/or fixed income investment companies before investing.

It's the Maybank SaveUp Programme.

Some Details of Maybank SaveUp Programme:

Programme Requirements



-Holds a SaveUp Account with minimum average daily balance of S$1,000 in the Account
-Holds a debit card which is linked to the SaveUp Account
-Maybank Online Banking user
-Takes up at least one eligible product as listed on website
-Customers who meet all the above criteria will automatically be enrolled into the Save Up Programme and be eligible to receive bonus interest

All 2017 interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company. Promotional interest rates expire at dates fixed by respective banks. Please check with respective banks for details.

For you own protection, perform due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates.

The Team

Mar 17, 2017

2017 Best Straightforward Savings Account Rates

2017 Best Straightforward Savings Account Rates (Updated 17 Mar 2017)

Today we list the top savings account rates in Singapore.

These are straightforward savings accounts; that is, no fancy requirements for salary credit, insurance / investment purchase, GIRO transfers, credit card spend, etc. We intentionally left out those accounts that require incremental average daily balance like Standard Chartered bank eSaver.

Just deposit some money into these savings account and start earning high interest. You withdraw your savings anytime you want without penalty of being locked-in like a fixed deposit.

These straightforward savings accounts can be used by those with spare cash after maxing out on the various multi-transaction savings account like OCBC 360, UOB One, DBS Multiplier, BOC Smartsaver, Maybank2u SaveUp , etc.



2017 Best Straightforward Savings Account Rates: (On first $50,000)


- CIMB FastSaver Account = 1.0 % on first $50K, 0.6 % above $50K

- CIMB StarSaver (Savings) Account = 0.8 % with minimum $1000 initial deposit

- HL Bank iSavings Account = 0.86% on first $50k    [Actual rates: 0.5% (first $20K), 1.1% (Next $30K), 1.0% (Next $150K), 0.5% (above $200K)]

- RHB High Yield Savings Account = 0.816% on first $50K   [Actual rates: 0.08 % on first $10K, 1.0% on next $90K, 0.08% above $100K]

Singapura Finance Gold & Junior Savers  = 0.6 % (up to $500K, for age 55 years and more; or kids)


You may want to note that Singapore Dollar deposits of non-bank depositors are insured by the Singapore Deposits Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law.

So for savings deposits above $50K, the sum deposited will not be insured.

See also:

6% p.a. Singapore Retirement Savings Account Rates

Invest in 2.75% Singapore Government Bonds

Safest Singapore Fixed Deposit Rate *Popular Post*

Safest Singapore Fixed Deposit Pays 2.39% p.a.

Maybank iSavvy Savings Rate Update June-Aug 2017

New SCB Fixed Deposit Update June 2017

BOC Fixed Deposit Promotion Rates

No hurdle 1.35% iSavings Account

Also all 2017 interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company.

Promotional interest rates expire at dates fixed by respective banks. Please check with respective banks for details.

For you own protection, perform due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates.

The Team

Mar 14, 2017

Fixed Deposit Promo March 2017

Fixed Deposit Promo March 2017

We share the latest March 2017 fixed deposit promotion.

Rates are given for 11- or 12-month fixed deposits in SG dollars of new funds.


Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today.

Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.

All 2017 interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company. Promotional interest rates expire at dates fixed by respective banks. Please check with respective banks for details.

Thanks for reading Singapore Savings Account Rates.

The Team

Mar 13, 2017

Bank of India Savings Account Interest Rates

Bank of India Savings Account Interest Rates (Singapore)

Get the latest Bank of India savings account interest rates in Singapore for SGD and USD accounts.

Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today.

Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.

Rates quoted in 2017 on Singapore savings accounts rates are meant for personal use only. You are advised to check interest rates with the respective banks and/or fixed income investment companies before investing.

Bank of India Savings Account Interest Rates:

Currency | %

SGD= 0.05
USD= 0.1


All 2017 interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company. Promotional interest rates expire at dates fixed by respective banks. Please check with respective banks for details.

For you own protection, perform due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates.

The Team

Mar 9, 2017

A 6.00% Singapore Savings Account

A 6.00% Singapore Savings Account

This is not a joke or trick. It is perfectly legal and legitimate. We are confident Singaporeans who have worked in jobs some point in their lives will qualify for this savings account that pays 6% interest.

Singapore Savings Account Rates blogspot dot com presents new update on a 6% Singapore savings account that is special to the hearts of Singaporeans.

Remember that Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.

So what is this special Singapore savings account that pays 6.00% per annum?

We share this special 6% Singapore savings account with you now.



Take note that rates quoted in 2017 on Singapore savings accounts rates are meant for personal use only. You are advised to check interest rates with the respective banks and/or fixed income investment companies before investing.

The 6% Singapore savings account comes from the Central Provident Fund.

To qualify, you must :
- have a CPF Retirement Account
- be age 55 and above
- below are the details


CPF Interest Rates (01 January 2017 to 31 March 2017)(reviewed quarterly)

Ordinary Account =Up to 3.50% p.a.
Special & Medisave Accounts =Up to 5.00% p.a.

CPF Interest Rate (01 January 2017 to 31 December 2017) (reviewed yearly)

Retirement Account =Up to 5.00% p.a.

For CPF members who are aged 55 and above, an additional 1% interest per annum will be paid on the first $30,000 of their combined balances.

This is paid over and above the current extra 1% interest that is earned on the first $60,000 of their combined balances.

As a result, CPF members aged 55 and above will earn up to 6.00% interest per year on their retirement balances.

All 2017 interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company. Promotional interest rates expire at dates fixed by respective banks. Please check with respective banks for details.

For you own protection, perform due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates.

The Team

Mar 5, 2017

New OCBC 360 Interest Rate Update

New OCBC 360 Interest Rate Update

What has been happening in the past week with OCBC 360 account? News has been released that with effect from 1 April 2017, new OCBC 360 interest rate update will apply.

What are the new OCBC 360 account interest rates? How is the interest calculated?

OCBC 360 offers 2 types of interest on your account balance every month.

a) Base interest: This interest is accrued daily based on your account's day-end balance and you will receive this at the end of the month. Rate = 0.05% per annum

b) Bonus interest: You earn 5 types of bonus interest on the first S$70,000 of your account’s average daily balance and you will receive bonus interest by the 7th business day (exclude Saturday, Sunday and Public Holiday) of the following month:

Earn 1.2% p.a. for crediting your salary of at least S$2,000 through GIRO and/or

Earn 0.3% p.a. for paying at least 3 unique bills online or through GIRO with total bill payment amount of at least S$150 and/or

Earn 0.3% p.a. for spending at least S$500 across your OCBC Credit Cards and/or

Earn either 0.6% or 1.2% p.a. for 12 consecutive months when you purchase a new eligible insurance and/or investment product from OCBC and/or

Earn 1% (on the first $70,000) if your account average daily balance for the month is S$200,000 and above. The interest earned for excess amount above $70,000 stays at 0.05%.

Check out the summary slide below.



Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today.

Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.


Thanks for reading Singapore Savings Account Rates.

The Team

Mar 4, 2017

3 MTH Fixed Deposit pays 0.75%

3 MTH Fixed Deposit pays 0.75%

We highlight a three-month fixed deposit that pays 0.75% per annum from Hong Leong Finance in today's post.

Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today.

Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.

Rates quoted in 2017 on Singapore savings accounts rates are meant for personal use only. You are advised to check interest rates with the respective banks and/or fixed income investment companies before investing.

Here's the graphic for your information. You need to put in a minimum sum of $30,000 in this Hong Leong Finance fixed deposit promotion. You get S$56.25 on a $30,000 deposit for a three month fixed deposit.


All 2017 interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company. Promotional interest rates expire at dates fixed by respective banks. Please check with respective banks for details.

For you own protection, perform due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates.

The Team

Mar 1, 2017

1% Interest for Small Savers on First $50K

1% Interest for Small Savers on First $50K

We talked about the 1% interest savings account for millionaires in an earlier post last time. This 1% interest for savers account is suitable for people with more modest incomes who don't have one million dollars hidden under our pillows. Having said that, millionaires are not exempted from qualifying for this 1% interest for savers account.

Interested? Read on.



Singapore Savings Account Rates blogspot dot com presents new update on savings and other banking accounts in Singapore today.

Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.

Rates quoted in 2017 on Singapore savings accounts rates are meant for personal use only. You are advised to check interest rates with the respective banks and/or fixed income investment companies before investing.

You get 1% interest for CIMB FastSaver account holders.

Daily interest will be paid on the entire daily balance, provided that the balance is at least S$1,000 in your CIMB FastSaver account on any given day and capped at S$50,000. For remaining balances above S$50,000, an interest rate of 0.6% p.a. will apply.

There's no need to step into a CIMB branch to open such an account. In fact, you must open it via online means. You get a dongle to FAST transfer funds to and from your other savings accounts.

Indeed, conducting a transaction over a counter at a CIMB branch for this savings account will cost you $5.


All 2017 interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company. Promotional interest rates expire at dates fixed by respective banks. Please check with respective banks for details.

For you own protection, perform due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates.

The Team

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