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May 30, 2017

6.00% p.a. Singapore Retirement Savings Account Rates

6.00% p.a. Singapore Retirement Savings Account Rates

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.



Interest Rate for Retirement Account (RA) in CPF:

The RA interest rate from 1 January 2017 to 31 December 2017 will be maintained at 4% per annum.

Extra Interest:

An extra 1% interest per annum is currently paid on the first $60,000 of a member’s combined balances (with up to $20,000 from OA).

Extra interest received on monies in the OA will go into the member’s SA or RA to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his combined balances, which includes the savings used for CPF LIFE.

Additional Extra Interest:

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% interest per year on their retirement balances.

These additional extra interest received on the OA will go into the member’s RA to enhance his or her retirement savings. If the member has participated in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.

source: CPF

See also:

High Yield Savings Accounts 2017

6% p.a. Singapore Retirement Savings Account Rates

Invest in 2.75% Singapore Government Bonds

Safest Singapore Fixed Deposit Rate

BOC Fixed Deposit Promotion Rates

No hurdle 1.35% iSavings Account

Singapura Blue Sky Savers update

Maybank iSavvy Savings Rate Update June-Aug 2017

New SCB Fixed Deposit Update June 2017

5% Savings Account For Kids

Thanks for reading Singapore Savings Account Rates.

The Team

May 29, 2017

Invest in 2.75% Singapore Government Bond

Invest in 2.75% p.a. Singapore Government Bond

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.

You can invest in 30-Year Singapore Government Bond with a coupon rate of 2.75%.


At the auction today, the annual interest payout is fixed at 2.75% pa. but the yield to maturity is 2.55% p.a.

If you wish to apply for future SGS bonds, we show you how.

There is no bank charge and no broker fee if you apply to buy through local bank (DBS, UOB, OCBC) ATM or online.

For example, you can do so via DBS / POSB internet banking site. Click on "Invest", "Singapore Government Securities" and choose "bond application". Follow instructions until completed.

Note that bond application date / time on the bank site may close earlier than MAS auction date / time. This is to allow time for bank to submit applications onward to MAS.

Choose non-competitive bid if you want to get your hands on the SGS bonds at whatever price is determined at the auction. Allow extra funds than your investment target for your non-competitive bid. You can check daily SGS bond prices here.

Ensure that you have enough investment funds in your savings account to apply for bond purchase. Your funds are deducted immediately when you submit your bid application. The extra amount sent with your non-competitive bid will be refunded once the cut-off price is declared.





Here is the auction result detail in the Monetary Authority of Singapore link.
http://www.sgs.gov.sg/~/media/SGS/SGS%20Announcements%20pdf/Bonds%20PDF/2017/NA16100H%20Reopened.pdf

Good luck to your SGS bond investment!

See also:

Safest Singapore Fixed Deposit Rate

BOC Fixed Deposit Promotion Rates

No hurdle 1.35% iSavings Account

Singapura Blue Sky Savers update

5% Savings Account For Kids

FD Promo: SING Investments & Finance

Standard Chartered 11-month FD Promo

Thanks for reading Singapore Savings Account Rates.

The Team

May 22, 2017

No Hurdle 1.35% p.a. iSavings Account

No Hurdle Up to 1.35% p.a. HL Bank iSavings Account

By "no hurdle" account, we mean no requirement to perform monthly Giro transactions, credit card spend, insurance purchase or investment transactions.

This is a self-explanatory straightforward savings account by Hong Leong Bank. Put more money into this savings account and you get higher interest payouts, up to $200,000 balance.

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.

Savings account rates are obtained from Hong Leong Bank, Singapore.


The Interest Rates are effective from 13 May 2017 and applicable to individuals only.

The daily interest is computed based on tiered basis. Deposit amount made must be in Fresh Funds.

The Bank will accord the Customer interest rate at varying tiers based on the daily balances maintained with the Bank.

The Bank may from time to time at bank discretion and without prior notice revise the interest rate.

See also:
Maybank iSavvy Savings Rate Update June-Aug 2017
New SCB Fixed Deposit Update June 2017
BOC Fixed Deposit Promotion Rates
Singapura Blue Sky Savers update
Maybank iSavvy Savings Rate Update June-Aug 2017
New SCB Fixed Deposit Update June 2017
5% Savings Account For Kids
FD Promo: SING Investments & Finance
Standard Chartered 11-month FD Promo

Thanks for reading Singapore Savings Account Rates.

The Team

May 18, 2017

Singapore Savings Account Rates Posts Review

Singapore Savings Account Rates Posts Review

Singapore Savings Account Rates blogspot dot com presents review 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.

Latest Posts:

Singapura Blue Sky Savers update

5% Savings Account For Kids

FD Promo: SING Investments & Finance

Standard Chartered 11-month FD Promo


Thanks for reading Singapore Savings Account Rates.

The Team

May 17, 2017

UOB Savings Promotion Ends 30 Jun 2017

UOB Savings Promotion Ends 30 Jun 2017

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.


UOB Savings Promotion Ends 30 Jun 2017



Benefits:

Maximum interest : Up to 1.08% p.a. interest to be earned.

Exclusive Gift: Up to $100 vouchers with Fresh Funds deposit of $100,000.



Other latest posts:

Singapura Blue Sky Savers update
5% Savings Account For Kids
FD Promo: SING Investments & Finance
Standard Chartered 11-month FD Promo



Thanks for reading Singapore Savings Account Rates.

The Team

May 16, 2017

Singapura Blue Sky Savers

Singapura Blue Sky Savers

We share information on Singapura Blue Sky Savers account rates today. This savings account comes from Singapura Finance, a finance company in Singapore. Rates effective as at 1 Feb 2017.

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

May 15, 2017

5% Savings Account For Kids

5% Savings Account For Kids

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.

What is this 5% Savings Account For Kids?
Use cash to top-up your kids' CPF Special Account. Earn up to 5% p.a.. This method uses the CPF Retirement Sum Topping-Up Scheme (RSTU).

Why use this 5% Savings Account For Kids?
Think of it as a kind of long-term fixed deposit product with the highest interest rate in the market for your child.

(1) CPF pays interest of 4% p.a. on Special Account. For the first $60,000.00, an additional 1% is paid, making a total interest rate of 5%p.a.

Compounding every year until age 55 will grow your child's CPF special account exponentially.


(2) You also build up retirement savings of your child to receive higher monthly payouts in future.

How to do it?

You can top up your kids CPF Special Account online. There is no need to visit CPF office for this simple transaction.

Method:
Log in to your personal CPF account online using SINGPASS.
Select "My Requests" on left hand panel.
Select "Building Up My / My Recipient's CPF savings" on right panel
Select "internet banking using e-cashier" or "OCBC's Internet Banking" or "cheque" and make appropriate payment.
Complete the steps in submission to receive a Transaction Number.

If using OCBC internet banking, log in to your OCBC internet banking account.

On OCBC internet banking site, Choose Pay Bill.
Choose "CPF Board" as payee.
Key in the Transaction Number as provided by CPF at end of your submission.
Choose payment amount.
Submit.
Complete payment with your OCBC dongle's One Time Password.





See also:
Singapura Blue Sky Savers update
5% Savings Account For Kids
FD Promo: SING Investments & Finance
Standard Chartered 11-month FD Promo

Note that top up to your child's CPF special account is irrevocable. You cannot refund the payments made.

Your child cannot withdraw / use the money from CPF Special Account until at least age 55.

There is no IRAS dollar-for-dollar personal income tax relief for such top-up payment.

CPF top-up limits apply. Currently you cannot top up more than Full Retirement Sum Scheme ($166,000 as of 2017) less sum in Special Account.

CPF rules may change over time.



Thanks for reading Singapore Savings Account Rates.

The Team

May 12, 2017

FD Promo: SING Investments & Finance

SING Investments & Finance FD Specials!

We update you this day in May 2017 on FD Promo: SING Investments & Finance. These are latest fixed deposit updates.



Check out site here.

For $50K and above:

3 months = 0.78% p.a.
13 months = 1.18% p.a.
24 months = 1.28% p.a.

Thanks for reading Singapore Savings Account Rates.

The Team

May 9, 2017

Hong Leong Finance Fixed Deposits

Hong Leong Finance Fixed Deposits

Hong Leong Finance Fixed Deposits :


Thanks for reading Singapore Savings Account Rates.

The Team

May 8, 2017

SIF Giro Saver Account

SIF Giro Saver Account

We show you the Singapore Investment & Finance Giro saver account rates. Rates quoted as of January 2017.

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

May 5, 2017

Best Singapore Fixed Deposit Update

Best Singapore Fixed Deposit Update

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.

Thanks for reading Singapore Savings Account Rates.

The Team

May 3, 2017

1.25% Fixed Deposit Rate Promotion

State Bank of India Singapore 1.25% Fixed Deposit Rate Promotion


Terms and Conditions governing SBI 12 Month Term Deposit Promotion:

Applicable for fresh and renewal of funds.

The minimum deposit amount per individual or per joint account with the same individuals is SGD 10,000 / USD 10,000 in the currency the deposit has been placed.

Multiple deposits can be placed by the customer as long as the maximum amount per individual is SGD 1,000,000 / USD 1,000,000 in the currency the deposit has been placed.

The start date of the Term Deposit will be the date the funds received by SBIS are cleared (“Start Date”). The promotional rates are only applicable from the Start Date where duly completed Account Opening Forms are received and accepted for processing by SBIS by 31st May 2017.

Auto Roll Over: Unless otherwise instructed in writing at least three working days prior to the maturity date of the deposit, the term deposit will be renewed automatically on maturity for the same period as the original deposit at the SBI Prevailing Term Deposit Board Rate of interest at the time of renewal.

Premature Withdrawal: Promotional rates would not apply.

SGD Deposits: Standard procedures apply. In case of premature withdrawal, board rate (at the time of placement of deposit) will be accorded for completed quarters.

FCY Deposits: For premature withdrawal of deposit, interest is paid for the period it has actually run on a daily basis, at the board rate applicable for that period minus 1% penalty. If the board rate applicable is <⁄=1%, no interest is paid. SBI reserves the right to discontinue or vary this promotion or revise the interest rates or extend or withdraw the promotion without prior notice. The Term Deposit Promotion is an independent promotion and cannot be clubbed with any other offer and/or promotion from the Bank. For standard terms and conditions governing deposit accounts, refer to SBI website www.sbising.com for more details.

The Team

May 2, 2017

May 2017 Update: Top Fixed Deposits

May 2017 Update: Top Fixed Deposits



May 2017 Update: Top Fixed Deposit Rates:

http://singapore-savings-account-rates.blogspot.com

Bank | %p.a. | Tenure | Minimum Deposit

SBI 1.35 12-month $50K
CIMB 1.30 12-month $100K
SBI 1.25 12-month $10K
CIMB 1.25 12-month $20K
RHB 1.20 12-month $200K
Hong Leong Finance 1.20 12-month $200K
Hong Leong Finance 1.18 12-month $100K
Maybank 1.10 12-month $25K
RHB 1.10 12-month $50K


Thanks for reading Singapore Savings Account Rates.

The Team

May 1, 2017

2.68% Regular Transaction Savings Account

2.68% Regular Transaction Savings Account

To get 2.68%, regular transaction savings account must fulfill terms and conditions on monthly basis.

See table below for details:

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.

This is the DBS Multiplier Account.

You will need to have eligible transactions in any of the 5 transaction categories:
 Salary Credit
 Credit Card Spend
 Home Loan Instalments
 Insurance
 Investment

If your eligible transactions add up to at least S$7,500 in a month, you will start to enjoy a higher interest rate.

These interest rates are only applicable in the SGD wallet.

0.05% p.a. is the prevailing interest rate, applicable to any amount of S$ balance in the Multiplier Account

1.08% p.a. – 2.68% p.a. are the higher interest rates, applicable to a maximum of S$50,000 balance in the
Multiplier Account.

See also:

BOC Fixed Deposit Promotion Rates

No hurdle 1.35% iSavings Account

Singapura Blue Sky Savers update

5% Savings Account For Kids

FD Promo: SING Investments & Finance

Standard Chartered 11-month FD Promo


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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