Savings Deposit Rates Promotion

Savings Deposit Rates Promotion

Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2015 / 2016 Singapore savings account rates and savings bond rates in Singapore.

Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income investments in 2015 / 2016.

2015 and 2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.

12-Month* Savings Deposit Rates Promotion:


CIMB bank = 1.80 % per annum (S$10K and more)

Maybank iSavvy = 1.80 % per annum (S$20K and more)

Standard Chartered Bank = 1.80 % per annum (S$25K and more)

HSBC Advanced Account = 1.75 % per annum (11-month tenure, S$30K and more)

OCBC Bank = 1.65 % per annum (S$20K and more)

UOB Bank = 1.60 % per annum (13-month tenure, S$20K and more)


* unless otherwise stated

All promotions end 31 Dec 2015.

Come back in 2016 for more savings deposit rates promotion!

2015 and 2016 savings account interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company in 2016. You need to perform your own due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore in 2016.

The Team

Singapore Savings Account Rates.

Average Banks Saving Deposit Rates in 2013

Average Banks Saving Deposit Rates in 2013

We present Average Banks Saving Deposit Rates in 2013 in Singapore to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

Singapore Average Banks Saving Deposit Rates in 2013 are presented for personal information.

Average Banks Saving Deposit Rates in 2013 by Month:

Period / Banks Saving Deposits

2013

Jan 0.11
Feb 0.11
Mar 0.11
Apr 0.10
May 0.10
Jun 0.10
Jul 0.10
Aug 0.10
Sep 0.10
Oct 0.10
Nov 0.10
Dec 0.10


Figures refer to average rates compiled from that quoted by 10 leading banks and finance companies.


If you kept your investments in bank savings account deposits in 2013, you earned interest at the rate of 0.10 to 0.11 % p.a. on your money kept in the bank.

This rate of return is much better than holding your money in cash and hidden under your pillow.

Unlike fixed deposits, you can withdraw and use your money kept in the saving deposit account at any time, without incurring a financial penalty.

Unlike stocks investments, the value of your saving deposit account money will not drop like a roller coaster during economic disasters.

For each bank, your bank saving deposits are guaranteed as they are insured for up to $50,000.00 by the Singapore Government.

So well done on choosing saving deposit accounts as your preferred choice of financial investment.

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.

Bank Deposits Protected

Bank Deposits Protected

In today's The Straits Times, it was reported that MAS plans to raise the limit on bank deposits protection in Singapore.

Currently, all sums in bank deposits in Singapore are protected and guaranteed until end December 2010. Once the guarantee ends, the previous rule that protects bank deposits of up to S$20,000 will be back in place.

With the additional coverage of bank deposit protection, the cost to banks will be raised. Will this cost be passed on to depositors? No one is saying that it will happen, but logically banks, as commercial entities, will not absorb the extra cost without thinking of ways to recoup it.

The other thing which came out of this report is that there is no word that the unlimited bank deposit guarantee will continue after 2010.

With the impending end of unlimited bank deposit protection after 2010, savers and investors should consider deploying their savings and fixed deposits with that in mind.

Thanks for reading our little insight on Singapore Savings Account Rates today.

Bank Deposit Account For Foreigner

Bank Deposit Account For Foreigner

Can a foreigner open a bank deposit account like a bank savings account in Singapore. A reader posed this question to my Singapore-Savings-Account-Rates.blogspot.com recently.

The answer to this question of whether a foreigner can open a bank deposit account for foreigner is a YES.

However terms and conditions for such bank deposit account for foreigner vary across banks in Singapore.

Generally, most banks in Singapore will allow you to open a bank deposit account in Singapore without hassle. This is provided you satisfy all requirements of each bank.

Documents and other requirements to open a bank deposit account for foreigners are:

1. Passport / Work Permit

2. Age Limit

3. Minimum Deposit sums

4. Application Form

You can check with most banks in Singapore if you need more information regarding your unique needs.

Thanks for reading Singapore Savings Account Rates.

Savings Deposit Interest Rates: Latest And Best

Savings Deposit Interest Rates: Latest and Best

Are you looking for the best savings deposit interest rates? What is the highest savings deposit interest rates available in the current low interest rate environment? Where can you find the latest savings deposit interest rate that beats fixed deposits rates?

In uncertain times like these, is it better to lock up your money for a fixed term? Or would you prefer to earn better savings deposit interest rates yet retain the flexibility to use that money for higher yielding investments when the opportunity comes?

To answer questions like these and more on savings deposit interest rates, what you need is information. Where are the sources of information that you can obtain the answers you want and need?

(1) Internet
Many sources of information exist on the Internet. Banks and financial institutions offer their latest savings deposit interest rates on line together with terms and conditions for using various savings accounts. You need to know what banks are out there, and painstakingly check out each site one at a time.

(2) Brick and Mortar
Walk into any bank and financial institution and you can speak to a financial adviser who can enlighten you on their best savings deposit interest rates. However, they may use that opportunity to cross sell financial products and badger you into submission.

(3) Ask your friends
Sources of tips and well meaning advice can come from your friends, families and people that you know who may have some ‘lobang’ on special promotions, campaigns and the latest savings deposit interest rates. You will need a wide network to derive meaningful results from such contacts.

(4) Newspapers
Read the local newspapers for the latest bank and financial institution promotions that appear ever so often. Savings deposit interest rates in the form of fixed deposits are often advertised to attract new deposits this way. Children’s savings deposit accounts have been aggressively splashed in newspapers too. Not all promotions go through this channel and thus you may miss out on some great deals.

(5) Singapore Savings Account Rates blog
Here comes our shameless promotion on our website. Check out our latest and best savings account deposit interest rates where we do all the legwork for you. All you need to do is to check out our site for the best savings deposit interest rates whenever you have spare cash to deposit.

Thank you, dear readers, for supporting our efforts to bring you the latest and best savings account deposit interest rates in Singapore!

Tags: Singapore savings deposit interest rates