Making Sense of Your Singapore Savings Account

Making Sense of Your Singapore Savings Account

We know you pay attention to the amount of interest that your bank offers depositors. We know that you compare these interest rates closely between banks to get the best Singaproe savings account deal.

Once you've found the savings account that pays you the best rates in Singapore and made the deposit, do you leave the bank statements aside while you look for better savings account rates?

A Singapore bank savings account allows you to make payments and financial transactions. Your bank will send you a consolidated statement of your savings account showing your transactions every month.

You should take time to verify the correctness of all details contained in each statement of account. We highlight the good stuff that MoneySENSE brings you through information (PDF) in a Singapore bank savings account statement.

Pay particular attention to the statements printed in your Singapore savings account to ensure that the correct interest rate amount is credited to your savings account at the end / start of each year. If you don't check, it could be your loss.