Latest Update Bank Savings Interest Rates Singapore: 17 October 2008

Latest Update Bank Savings Interest Rates Singapore: 17 October 2008

Welcome to Singapore Savings Account Rates where we bring you selected latest bank savings interest rates in Singapore.

Today, we present these selected latest bank savings account interest rates for 17 October 2008. Please check with individual banks for terms, conditions and last-minute changes to the bank savings interest rates. Only selected savings accounts are highlighted from each bank.

Summary: Maybank is increasing savings interest rates since last update.

Here are the latest bank savings interest rates for POSB, DBS, OCBC, UOB, Maybank, HSBC, HLF, RBS and Citibank:

Bank savings account 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

Bank savings account 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%

Bank savings account 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%

Bank savings account interest rates of UOB FlexiDeposit Account
http://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%

Bank savings account interest rates of Maybank iSAVvy Account
http://info.maybank2u.com.sg/site_functions/rates.htm#

(from 20 October)
Less than $5000 =0.25%
$5000 to below $50000 =1.08%
$50000 and more =1.38%


Bank savings account 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%

Bank savings account interest rates of HLF (Hong Leong Finance) Savers Plus
http://www.hlf.com.sg/personal/deposits/sacct.html

$500 to $49999 =0.25%
$50000 to $2 million =0.375%

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

From $10000 and above =0.5% (any duration)
Sums from $10K to 50K
Hold to 6 months= 0.88%
Hold to 12 months= 1.08%
Sums from 50K to 1 million
Hold to 6 months= 1.08%
Hold to 12 months= 1.28%

Bank savings account interest rates of RBS (former ABN AMRO) Millennium Account
http://www.rbs.com.sg/consumer/pages/products/deposits/deposits.htm

First $10000 =0.15%
Next $40000 =0.2%
Above $50000 =0.3%

Stay tuned as we shall update this list of current latest Singapore Bank Savings interest rates for POSB, DBS, OCBC, UOB, Maybank, HSBC, HLF, Citibank and RBS Bank (formerly ABN AMRO).

Tags: Latest selected Singapore bank savings account interest rates

Singapore Guarantees All Savings, Fixed, Current, SRS, Bank Account Deposits

Singapore Guarantees All Savings, Fixed, Current, SRS, Bank Account Deposits

The Government of Singapore has announced that it will guarantee all Singapore dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore (MAS).

This guarantee will run from now until 31 December 2010, according to the MAS and the Ministry of Finance.

It will be backed by $150 billion worth of Government reserves.

Other countries that have such government guarantees are:

• Australia
• New Zealand
• some European nations
• Hong Kong
• Malaysia

Guaranteed deposits are:

• Savings accounts
• fixed deposits accounts
• current accounts
• bank accounts under the Supplementary Retirement Scheme (SRS)

Unprotected deposit accounts are:

• structured products
• any deposit that is pledged, charged or secured as collateral

source: MAS and MOF Joint Statement