Singapore's Best 5% Savings Account Rates

Singapore's Best 5% Savings Account Rates

In this post, we share our Little Red Dot's highest savings account rates of 5% per annum. For a savings account (NOT a fixed deposit), this 5% p.a. payout is too attractive for any Singaporean to miss.

So we present Singapore's Best 5% Savings Account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

Singapore's Best 5% Savings account rates for 2014 are presented for personal information. You should re-confirm interest rates before you invest your money based on these rates.

Singapore's Best 5% Savings Account Rates Details:

The 'Bank' : CPF (Central Provident Fund) Board

The Rate : 5% p.a.

The Details:

CPF Interest Rates (01 Jul 2014 to 30 Sep 2014)
(reviewed quarterly)

Ordinary Account =2.50% p.a.
Special & Medisave Accounts =4.00% p.a.


CPF Interest Rates (01 Jan 2014 to 31 Dec 2014)
(reviewed yearly)

Retirement Account =4.00% p.a.


Additional Interest of 1%

As part of the government’s efforts to enhance the retirement savings of CPF members, an additional 1% per annum will continue to be paid on the first $60,000 of a member’s combined balances, with up to $20,000 from the OA.

This works out to be 3.5% per annum earned on the first $20,000 in a member’s OA, and 5% per annum earned on the first $40,000 (up to $60,000 if no OA savings) in a member’s SMA and Retirement Account (RA).

The additional interest received on the OA will go into the member’s Special Account (SA) or RA to enhance his retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the additional 1% per annum interest will still be earned on his combined balances, which includes the savings used for CPF LIFE.

Singapore's Best 5% Savings Account rates are subject to change without prior notice. You should assess the suitability of these financial products based on your personal financial investment objectives.

Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Singapore Savings Account Rates.

Best 2014 Singapore Savings Account Rates

Best 2014 Singapore Savings Account Rates

We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

For those not in-the-know, here is a piece of revelation regarding the best 2014 Singapore savings account rates.

The best 2014 Singapore savings account rates on the little red dot called Singapore are found at the Central Provident Fund (CPF) accounts.

The CPF is a social security savings plan. Working Singaporeans and their employers make monthly contributions to the CPF.

The best 2014 Singapore savings account rates now stands at 4.00 % per annum. This interest is guaranteed by the Government.

In addition, the first $60,000 in your combined CPF balances, with up to $20,000 from your Ordinary Account, will earn an extra 1% interest. (Note that CPF Ordinary account earns 2.5% p.a.)

Thus the best of the best 2014 Singapore savings account rates is 5.00 % p.a (4.00 % + 1.00 %).


You can receive the best 2014 Singapore savings account rates with these CPF accounts:

- CPF Special Account

- CPF Medisave Account

- CPF Retirement Account


Read more about CPF accounts here.

Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

Rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.

Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Singapore Savings Account Rates.

Best Singapore Savings Account Rates

Best Singapore Savings Account Rates

Best greetings for the new year of 2014!

Like you, we continue to search for the best Singapore savings account rates of banks and financial institutions in Singapore.

This year, 2014, will be no exception in the hunt for the best Singapore savings account rates of local banks and financial institutions in Singapore.

We will bring you interest rates promotions from the various banking institutions across the island of Singapore, especially those with the best Singapore savings account rates.

Will you find the best Singapore savings account rates in 2014 to make your money work harder for you?

Can you grab the best promotions for the best Singapore savings account rates on our Little Red Dot?

Stay in touch with our online presence, Singapore Savings Account Rates, for the best Singapore savings account rates.

Happy New Year!

The Team

Singapore Savings Account Rates.