Business Savings Account

Business Savings Account

In today's discussion at Singapore-Savings-Account-Rates.blogspot.com, we ask,"Are there business savings accounts in Singapore?"

If you are a sole proprietor, a partner in a partnership or a director in your own company, what business savings accounts can you deploy to make your money work harder for you? Let Singapore-Savings-Account-Rates.blogspot.com help you answer this business savings account related question.

If you are looking for a business account that pays regular interest (like a personal savings account) for a bank account for your business, firm or company, you would be disappointed.

We, at Singapore-Savings-Account-Rates.blogspot.com, can't find any business savings account that performs like a regular personal savings account.

As a sole proprietor, you may use your own personal savings account for all your business expenditure and business revenue. If you set up a business current account in the name of your business, there is no interest earned on such business current account.

There are many types of business accounts offered by banks in Singapore for a firm, partnership, business or company. These business accounts come with various features depending on the business' requirements and financial transaction needs.

You should check with the local banks like DBS, OCBC or UOB, or any of the foreign-owned banks operating in Singapore for in-depth discussions on your business account requirements.

We will keep a look-out for business savings account. Once we obtain news on such business savings account, we will update Singapore Savings Account Rates.