Bank Account For Savings: Interest Rates Comparison in December 2008

Bank Account For Savings: Interest Rates Comparison in December 2008

Latest on 5 December 2008: We have added RBS (Royal Bank of Singapore) SGD Royal Preferred Account rates for comparison. Singapore Savings Account Rates has also updated the comparison on selected bank savings account interest rates.

Note that selected Singapore banks structure their bank savings interest rates differently according to various factors (like the difference in savings amount), which make direct comparison of bank savings interest rates difficult.

We present selected December’s bank savings interest rates for POSB, DBS, OCBC, UOB, Maybank, HSBC, HLF, Citibank and RBS:

Singapore bank savings interest rates of POSB Passbook:
http://www.dbs.com.sg/ratesonline/dddd.html
First $3000 0.2500
Next $47000 0.2750
Next $50000 0.3750
Remaining balance above $100000 0.4750

Singapore bank savings interest rates of DBS Autosave (Personal):http://www.dbs.com.sg/ratesonline/dddd.html
First $3000 0.25%
Next $47000 0.35%
Next $50000 0.45%
Above $100K 0.60%

Singapore bank savings interest rates of OCBC Bank Savings Account (With Debit Card)
http://www.ocbc.com/personal-banking/tools%20and%20info/Toi_Rates_Dep_Listing.shtm
First $10000 0.25%
From $10001 to $50000 0.35%
From $500001 to $250000 0.40%
Above $250K 0.65%

Singapore bank savings interest rates of UOB FlexiDeposit Accounthttp://www.uob.com.sg/pages/personal/deposits/savings/passbksavings.html
First $15000 0.35%
Next $85000 0.45%
Next $200K 0.65%
Above $300K 0.75%

Singapore bank savings interest rates of Maybank iSAVvy Account
http://info.maybank2u.com.sg/site_functions/rates.htm#
Less than $5000 0.25%
$5000 to below $50000 1.088%
$50000 and more 1.38%

Singapore bank savings interest rates of HSBC Premier Account http://www.hsbc.com.sg/1/2/personal/deposits/singapore-dollar-deposit-rates
First $4999.99 0.15%
From $5000 to $14999.99 0.2%
From $15000 to $49999.99 0.35%
From $50000 to $99999.99 0.6%
From $100,000 and more 0.85%

Singapore bank savings interest rates of HLF (Hong Leong Finance) Savers Plushttp://www.hlf.com.sg/personal/deposits/sacct.html
$500 to $49999 0.25%
$50000 to $2 million 0.375%

Singapore bank savings interest rates of Citibank Maxisave Singaporehttp://www.citibank.com.sg/SGGCB/APPS/portal/loadPage.do?tabId=Investment&path=/prod/det/id_maxisweep2.htm

From $10000 and above 0.25%
Singapore bank savings interest rates of RBS (Royal Bank of Scotland) SGD Royal Preferred Account
http://www.rbs.com.sg/consumer/pages/products/deposits/deposits.htm

First $10000 0.125%
Next $40000 0.150%
Above $50000 0.200%

Kindly check with the respective banks for confirmation of interest rates before you make any new investment in savings accounts using your hard-earned cash savings. Bank interest rates are subject to change without prior notice.

Stay tuned as we shall update this list of Bank Savings interest rates for POSB, DBS, OCBC, UOB, Maybank, HSBC, HLF, Citibank and RBS regularly.