Best Savings Account Rates

Best Savings Account Rates (Singapore)

This September 2009, Singapore Savings Account Rates blogspot brings you the summary of the best savings account rates in Singapore in the past few weeks.

The best savings account rates have been discovered in Singapore after sourcing bank savings account rates of banks and financial institutions within the shores of Singapore.

Investors who are citizens, permanent residents and foreigners in Singapore and beyond can now look up the best savings account rates that are currently available now for investing your hard earned cash, to make your money work harder for you.

List of Best Savings Account Rates :

Best Savings Account | Savings Account Rate | Savings Amount Required

CIMB StarSaver account rate = 1.2% for monthly savings amount of S$500 and more

OCBC Monthly Savings Account savings account rate = 1.08% for monthly savings sums above $800-$5000

UOB i-Account savings account rate = 0.80% on fresh funds

Maybank iSavvy savings account rate = 0.75% p.a. for $50,000 and above

Fairprice Plus savings account rate = 0.60% pa for S$50,001 to S$500,000

RBS Millennium Account savings account rate = 0.55% pa for sums above $500,000

State Bank of India savings special account rate = 0.50% pa for sums above $1000

The best savings account rates offered today are subject to change. Investors should verify this list of the best savings account rates before using them, otherwise you invest cash in these financial investments at your own risk.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.

CPF Special, Medisave & Retirement Accounts (SMRA) Rates

CPF Special, Medisave & Retirement Accounts (SMRA) Rates

The CPF Interest Rate For Special, Medisave & Retirement Accounts (SMRA) is unchanged from the previous three months.

The prevailing (July to September 2009) CPF interest rate for Special, Medisave & Retirement Accounts (SMRA) is 4%.

Summary: CPF Interest Rate For Special, Medisave & Retirement Accounts (SMRA)
= 4.00%

This was computed based on the 12-month average yield of the 10-year Singapore Government Security (10YSGS) plus 1%.

The Special, Medisave & Retirement Accounts (SMRA)interest rate for October to December 2009 will be announced in September 2009 after the average yield of the 10YSGS is computed.

To help members adjust to this floating rate, the 4% floor for the Special, Medisave & Retirement Accounts (SMRA) rate will be maintained till 31 December 2009.

In addition, an extra 1% interest will be paid on the first $60,000 of a member’s combined balances, with up to $20,000 from the Ordinary Account (OA). The extra interest from the OA will go into the member’s Special or Retirement Account to enhance his retirement savings.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best Singapore savings account rates.

The Team
Singapore Savings Account Rates.