Bank Savings Rates

Bank Savings Rates

Singapore Savings Account Rates bring you the numbers on bank savings rates today. These bank savings rates are the average bank and finance companies savings account interest rates paid out in the past from January 2008 to early 2009. The bank savings rates are obtained from Monetary Authority of Singapore.

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Bank Savings Rates are based on the average interest rates of savings account of the top ten banks. You can see that the average bank savings rate of banks is lower than finance companies. In the first four months of 2009, the difference has increased. As at April 2009, banks pay bank savings rates of 0.20% while finance companies pay out savings rate of 0.25%.

These bank savings rates are only average figures. Some banks pay higher interest rates while other banks pay even lower interest rates.

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Passionate About Savings Account Rates

Passionate About Savings Account Rates

We are passionate about savings account rates. That's why we set up this Singapore Savings Account Rates site.

We know that you are passionate about savings account rates too. That's why you are reading these words and a few numbers.

But do we know why we (and you) are passionate about savings account rates? What drives us (and you) to chase after the best and latest savings account rates week in week out?

The obvious answer: to get better deals on savings account rates so that we make our money work harder for us (and for you).

But look beyond that, and explore the reason(s) behind the five cents and ten cents that we save. Why are we (and you) trying so hard to look for the best and highest (and among the safest) savings account rates?

One avid supporter of our site has written plenty of good stuff about living within your means, saving and investing, as a solid foundation to build passive income, for the ultimate purpose of achieving financial freedom and to enjoy life according to your dreams.

Yes, we think most people dream of retiring with a comfortable nest-egg, that is tucked safely in an investment that pays residual income to fund a long, happy and healthy retirement.

That is why we are recommending the site Five Cents Ten Cents to you today. Read the many useful articles that will inspire you. Take a look at Panzer's Road Map to Financial Freedom to decide, if financial freedom to live out your dreams, is also your ultimate passion.