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Aug 14, 2017

Compare Bank Interest Rates

Compare Bank Interest Rates of 2016

How much interest did banks and financial institutions pay to savings and fixed deposit account holders for 2016? We summarize the interest rates for your perusal today.

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 see that interest rates were unchanged from Jan 2016 till December 2016. These rates do not take into consideration occasional promotions run by the banks from time to time.

Lessons learned from this observation?

(1) Finance companies pay marginally higher interest than banks. Switch from banks to finance companies for slightly better rates.

(2) If you want to earn better savings account and fixed deposit interests, you need to catch savings and deposit promotions occasionally unleashed by banks.

(3) If you want even higher rates than the pathetic rates from banks' / finance companies' savings and deposits accounts, take your money out and invest them elsewhere.

We can recommend two investment products that earn better rates AND are even safer investments than bank savings accounts.

What are they? Singapore Savings Bonds and T-bills / bonds of Singapore Government Securities (SGS).

Our site has updates on these safe investments from time to time. Do stay with us!

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

Thanks for reading Singapore Savings Account Rates.

The Team

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