Surprising fact: some flagship savings products still advertise up to 8.05% p.a., but what you earn often looks very different on your statements.
In Singapore, banks calculate growth on savings daily and credit it monthly. That daily math plus balance tiers and bonus conditions change the effective amount you receive.
We’ll explain how headline figures such as 8.05% p.a., 6.30% p.a., and others compare with real-world returns. You’ll learn why a product that claims a high rate can require several activities to unlock bonuses.
Protection matters: the SDIC insures deposits up to S$100,000 per depositor per Scheme, so spreading large sums can reduce risk.
Read on to see which savings account types match your monthly cash flow and how to pick bank offers that fit your habits. Whatsapp us for a discovery session if you want a tailored shortlist.
Key Takeaways
- Daily calculation plus monthly crediting changes effective returns.
- Headline p.a. figures often need multiple conditions to apply.
- SDIC covers S$100,000 per depositor per Scheme — spread large balances.
- Choose simple no-hoop accounts or reward-based accounts depending on your routine.
- We can create a tailored shortlist — Whatsapp us for a discovery session.
Search intent and who this Product Roundup is for in Singapore
“Choosing the right savings product depends less on a headline rate and more on how you manage cash monthly.”
We created this roundup for individuals who want clear, practical comparisons. It serves salaried workers crediting S$2,000–S$3,000 monthly, card spenders at S$500–S$1,000+, freelancers without salary credit, and larger-balance savers mindful of SDIC protection.
What we compare: realistic p.a. returns across OCBC 360, UOB One, BOC SmartSaver, DBS Multiplier, HSBC EGA, UOB Stash, Standard Chartered Bonus$aver, GXS, Mari, and Trust Bank.
You’re here to find an account that matches your income flow, bill habits, and comfort with meeting criteria or requirements. We show which savings account rewards routine behaviours like salary credit, card spend, and bill payments — and which keep things simple.
If you prefer a tailored shortlist, Whatsapp us for a discovery session and we’ll map your balance targets to the best options and likely achievable rate p.a.
Rate climate right now: where interest rates in Singapore are trending
Across Singapore the momentum on high promotional yields has slowed, affecting many savers’ expected returns.
- UOB One cuts its maximum to 2.5% p.a. (from 3.30% p.a.) on the first S$150,000, effective 1 Sep 2025.
- GXS reduced its Boost Pocket promo in June, and OCBC 360 trimmed some category payouts.
- Mari will lower its base from 1.88% to 1.28% p.a. from 1 Sep 2025.
Headline versus what most people earn
Headline numbers can still look attractive. But realistic returns usually land lower. For common profiles we estimate:
- Salary credit + card spend: ~3.05% p.a. (Standard Chartered Bonus$aver) and ~2.68% p.a. (UOB One).
- No salary credit: UOB Stash ~2.045% p.a., GXS ~1.98% p.a., Mari ~1.88% p.a.
“Rate momentum has cooled; meeting multiple criteria raises rewards, but missing one month can cut your effective yield.”
How to act: review your spending cycles and balances every few months. If your habits change, switching to a better fit can protect your returns.
How we evaluate accounts: base, bonus criteria, and effective interest rate
We evaluate savings offers by isolating the guaranteed base interest rate and then adding realistic extras you can meet each month.
Calculated daily on your ending balance and credited monthly, banks use simple math that can cut a payout if you have low days.
Why mechanics change your outcome
Bonus categories usually include salary credit, minimum card spend, bill payments, and wealth product links. Caps often apply to the first S$50,000–S$100,000.
Our goal is to show the effective p.a. you can expect on your average balance after tiers and caps. We value steady, repeatable returns over one-off peaks.
“One low-balance day can trim a month’s payout — small habits matter.”
- We start with the base interest and add category bonuses to estimate your effective p.a.
- SDIC covers up to S$100,000 per depositor per Scheme — spread large sums wisely.
- We favor clear criteria you can meet every month for predictable outcomes.
| Feature | Base interest | Common bonus criteria | Typical cap | Example effective p.a. |
|---|---|---|---|---|
| Simple saver | 0.50% p.a. | None | S$100,000 | 0.50% p.a. |
| Salary + spend | 0.50% p.a. | Salary credit, S$1,000 spend | S$50,000 | 3.00% p.a. |
| Wealth-linked | 0.50% p.a. | Invest/insure product links | S$50,000 | 3.50% p.a. |
Best high-interest savings accounts in Singapore right now
Top-performing savings products today reward specific behaviours more than they do passive balances. We list practical picks so you can match an account to your routine.
Top picks at a glance
- UOB One — simple spend + salary mix, ceilings reduced recently.
- OCBC 360 — bonus-friendly with insurance or wealth links.
- BOC SmartSaver — strong when you add multiple product categories.
- DBS Multiplier — tiers up with income, card spend and investments.
- HSBC EGA — attractive for fresh funds promos; track expiry dates.
Maximum vs realistic p.a.: aligning with your monthly behavior
Headline yields like Standard Chartered Bonus$aver’s 8.05% p.a. show a max outcome when multiple conditions are met. In real life, a salaried customer with S$3,000 pay and S$1,000 card spend should plan for about ~3.05% p.a.
| Product | Advertised max p.a. | Realistic p.a. |
|---|---|---|
| Standard Chartered Bonus$aver | 8.05% p.a. | ~3.05% p.a. |
| UOB One | 3.30% p.a. (previous) | ~2.68% p.a. |
| DBS Multiplier | Varies by tier | Tiered realistic boosts |
SDIC protection limits and why they matter
SDIC covers deposits up to S$100,000 per depositor per Scheme. For larger balances, spreading deposits across banks helps protect principal while you optimise yields.
“Match your monthly behaviour—card spend, bill payments, and pay credits—to an account that rewards what you already do.”
Standard Chartered Bonus$aver: how to reach competitive interest without complex tiering
For savers who can meet a few steady monthly conditions, Bonus$aver offers a straightforward route to competitive payouts.
Salary credit, card spend, insure/invest—pathways to up to 8.05% p.a.
How the stack works: base 0.05% p.a., salary credit ≥ S$3,000 adds 1.50% p.a., card spend ≥ S$1,000 adds 1.55% p.a. Insurance products and investment links each add 2.50% p.a. for six months to reach the 8.05% p.a. cap on the first S$100,000.
“Meet simple monthly criteria and you can lift effective yield without juggling many promos.”
Practical scenario: likely rate with S$3,000 salary credit and S$1,000 spend
With salary plus S$1,000 card spend, your realistic outcome is about ~3.05% p.a. Card spend alone gives roughly 1.60% p.a.
- The appeal: one structure, clear bonus stack and competitive yield for familiar actions.
- Bonuses apply to the first S$100,000; amounts above earn the base.
- Insure/invest boosts last six months — plan and review afterward.
- Keep your average daily balance above thresholds to avoid monthly fees.
- Example math: S$20,000 at ~3.05% p.a. earns about S$610 annually, credited monthly.
UOB One Account: straightforward criteria, revised ceiling
UOB One simplifies rewards with two predictable monthly actions that most customers can meet.
How it works: spend ≥ S$500 on a UOB credit card and either credit salary ≥ S$1,600 via GIRO/PAYNOW (SALA) or post three GIRO debits in a month. Meet both criteria and you unlock tiered effective p.a. boosts on your savings.
What changed: from 1 Sep 2025 the maximum effective p.a. is capped at 2.5% (down from 3.30%) on the first S$150,000. Earlier tiers used to pay 2.30% for the first S$75K, 2.90% for S$75–125K and 3.30% for S$125–150K.
- Two simple criteria — card spend plus salary credit or GIRO debits — make it easy to plan monthly.
- Effective yields vary by balance; concentrate funds where your tier is strongest.
- Automate bill payments to avoid missing a month and losing the bonus.
- Watch monthly statements so both criteria register; a fall-below fee may apply if minimum balance rules are not met.
With S$20,000 and steady spend plus salary credit you can still earn a competitive effective rate for everyday savings. If your card usage is irregular, consider a no-hoops option instead.
OCBC 360 and BOC SmartSaver: multi-category earners
OCBC 360 and BOC SmartSaver reward you for stacking everyday actions and product links. If you already use insurance products or have investments with a bank, these plans can lift your effective p.a. without switching behaviour.
Where they shine if you can insure/invest or pay bills via GIRO
OCBC 360 splits bonuses: base 0.05% p.a., salary 1.20%, save 0.50%, spend 0.60%, insure 1.20% and invest 1.20% (headline 6.30% p.a.; realistic ~2.35%–3.30%).
BOC SmartSaver uses a higher base (0.40%) and strong boosts: salary 2.50%, card 0.50%, payment 0.90%, wealth 2.40%, extra savings 0.60% (headline 6.00% p.a.; typical 4.30% with salary + spend + payments).
- Good fit: those who already hold bank products and want bonus uplift.
- GIRO bill setups help hit criteria reliably each month.
- Insurance and wealth links raise p.a., but require product planning and review.
- Caps usually apply to the first S$100,000 — split balances for efficiency.
- Realistic goal: 2%–3%+ p.a. without overcommitting to services you don’t need.
“Pick the mix that matches your cash flow and reassess annually as product holdings change.”
HSBC Everyday Global Account and UOB Stash: flexible or “no hoops” alternatives
Some customers chase promos; others prefer steady balance growth — these two choices map to both needs.
HSBC Everyday Global Account suits savers who use fresh funds promos and want multi-currency flexibility. It offers promo-based bonuses up to ~3.05% p.a., cashback on eligible spend and GIRO, and no fall-below fee.
UOB Stash rewards disciplined savers. You can reach up to 2.045% p.a. by maintaining or increasing your monthly average balance. Tiers rise to S$100,000 and pair well with UOB fresh funds cash credits.
Fresh funds promos vs consistent growth strategies
Which to pick? Choose HSBC if you move funds into promos and value currency flexibility without monthly penalties. Pick Stash if you prefer to grow balances steadily without card spend or salary credits.
“A blended approach often wins: park core savings in Stash and deploy opportunistic funds to promos.”
| Feature | HSBC EGA | UOB Stash |
|---|---|---|
| Max p.a. | ~3.05% p.a. | 2.045% p.a. |
| Key trigger | Fresh funds + eligible spend | Maintain/increase monthly balance |
| Fees | No fall-below fee | No spend/salary requirement |
- Mark promo end dates to protect competitive interest.
- Track deposit caps and tier thresholds for every dollar’s rate.
- Review quarterly to rotate funds between promos and steady earners.
Digital banks roundup: GXS, Mari, and Trust Bank interest structures
Newer banks simplify savings with flat pockets or layered bonuses that suit different habits. In this section we compare ease, potential returns, and practical limits so you can pick what fits your monthly routine.
Flat pockets vs tiered boosts: ease vs effort trade-offs
GXS favours simplicity. Open pockets, earn about 1.98% p.a. across up to eight pockets, with per-customer deposits capped near S$95,000.
Mari is a no-hoops choice for individuals who want predictable growth. Its base moves to 1.28% p.a. from 1 Sep 2025, so convenience comes at a lower headline number.
Trust Bank blends convenience with rewards. A base of 1.5% p.a. can rise to 3.0% p.a. if you meet ADB and card-spend requirements. ATM access is provided via the Standard Chartered network.
Deposit limits and access considerations for everyday banking
Interest is calculated daily and credited monthly for all three, so steady balances matter. If you routinely hold more than S$95,000, split deposits to stay within ceilings and SDIC coverage.
- Choose flat pockets for simplicity and fast setup.
- Pick tiered boosts if you can meet monthly spend or balance requirements for higher returns.
- Evaluate app features and transfer speed—moving deposits quickly lets you chase short-term promos.
| Provider | Typical p.a. | Key notes |
|---|---|---|
| GXS | ~1.98% p.a. | Flat pockets, up to S$95,000, easy management |
| Mari | 1.28% p.a. (from 1 Sep 2025) | No hoops, steady but lower base |
| Trust Bank | 1.5%–3.0% p.a. | Base + ADB/card bonuses, SCB ATM access |
“For everyday banking, match the product to how often you move money and how much effort you want to spend.”
Trust Bank in focus: savings account, card-linked perks, and daily interest
If you like straightforward mechanics, Trust Bank’s model makes it easy to see how your cash earns.
Start point: a base interest of 1.5% p.a. applies to your savings. From there, two clear paths lift the effective rate.
Up to 3.0% p.a. with balance and spend
Maintain an ADB of S$100,000 and you add a 0.5% p.a. bonus. Complete five eligible card transactions each month and you earn another 0.5% p.a. for non-union members.
Union members get a higher spend bonus (1.0% p.a.), which makes the stacked maximum 3.0% p.a.
NTUC partnership perks and cash access
The NTUC tie-up delivers Linkpoints and FairPrice savings that increase everyday value beyond the posted rate. For cash withdrawals, you can use the Standard Chartered ATM network and one Trust-branded ATM at VivoCity.
“Daily calculation and month-end crediting reward steady balances — small swings during a month matter.”
- Practical view: below S$100K or without card spend, expect nearer 1.5%–2.0% p.a.
- Stack the ADB and card actions if you shop at FairPrice to boost overall returns.
trust account interest rates in Singapore today: who gets the highest and how
Different profiles—salary earners, park-and-earn savers, and product-linked users—see very different effective returns.
Salary credit + card spend profiles
If you credit salary and meet monthly card spend, you often earn higher outcomes. For example, a salary + spend profile can reach ~3.05% p.a. with Standard Chartered Bonus$aver. UOB One’s max effective p.a. is now ~2.5% (from 1 Sep 2025).
No-salary-credit, park-and-earn profiles
No-salary-credit individuals prioritise simplicity. Expect steady p.a. with minimal requirements: UOB Stash ~2.045% p.a., GXS ~1.98% p.a., and Mari around 1.28%–1.88% p.a.
Insurance/investment add-on profiles chasing higher p.a.
Those who already need insurance or investment products can unlock higher tiers. OCBC 360 and BOC SmartSaver lift effective yields when you add those product links. Only pursue add-ons you would use anyway.
- Practical rules: split balances to respect SDIC and capture best tiers.
- Track monthly criteria and posting dates so bonuses post reliably.
- For tailored suggestions, see our savings page.
| Profile | Typical p.a. | Notes |
|---|---|---|
| Salary + spend | ~3.05% p.a. | Consistent card spend needed |
| Park-and-earn | 1.28%–2.045% p.a. | Low effort, steady balance |
| Insurance/invest | Higher if applicable | Best if you already buy products |
Get personalized picks for your balance and habits
A tailored shortlist beats chasing headlines—let us map your behaviour to realistic outcomes. We synthesise live offers, SDIC limits, promo timelines and criteria across Standard Chartered, UOB, OCBC, BOC, DBS, HSBC, GXS, Mari, and Trust Bank to recommend what fits you.
We work with customers and individuals to create simple, actionable plans. Tell us about your cash flow and we’ll map options that match your routine. Our aim is clear: protect principal and optimise yield with sensible steps.
Whatsapp us for a discovery session
- Tell us your balance range, monthly income flow, and card spending so we can tailor options.
- We’ll map your requirements to accounts where you can reliably meet monthly criteria.
- You’ll receive 2–3 savings account picks with projected p.a. outcomes and steps to achieve them.
- We factor in SDIC coverage, caps, and bank promo cycles so your savings and principal stay protected.
- No hard sell on products you don’t need; we recommend only what makes sense for you.
Whatsapp us for a discovery session and get personalised, current recommendations today. We’ll stay available to review when bank promos or your needs change.
Conclusion
Align your money with what you can sustain. Singapore’s leading products — Standard Chartered Bonus$aver, UOB One, OCBC 360, BOC SmartSaver, HSBC EGA, DBS Multiplier, UOB Stash, Trust Bank, GXS and Mari — span simple bases to multi-criteria bonuses.
Practical rule: start with your base interest rate and monthly habits. Pick a savings account that rewards salary credits, card spend or GIRO bills you already do.
Split deposits to respect SDIC protection (S$100,000) and keep a small no-hoops account for liquidity. Expect interest rates to shift; review every quarter and rebalance funds where returns are reliable. If you want higher interest, add products only if they suit your plan.
We can help map your balance and goals to the right accounts — reach out when you’re ready.
FAQ
What affects trust account interest rates in Singapore right now?
Central bank policy and the base interest set by banks largely shape returns. When the Monetary Authority of Singapore and global central banks change their policy stance, banks adjust their base and bonus offers. Product mechanics—how interest is calculated daily and credited monthly—also change effective yields. Other drivers include competitive positioning among banks, promotional periods, and deposit protection thresholds such as SDIC limits.
Who should use this product roundup and search guide?
This guide is for middle-aged professionals, retirees and property owners in Singapore who hold sizable balances and want financial flexibility. If you seek higher p.a. yields, want to optimise salary credit and card spend, or aim to park cash while preserving access, these comparisons help you pick accounts that match your behaviour.
How are headline versus realistic yields different?
Headline p.a. figures show a maximum possible return under ideal criteria. Realistic yields reflect typical behaviour—salary credit levels, monthly card spend, and insurance or investment add-ons. We convert advertised figures into effective, achievable rates given common scenarios so you know what you’ll likely earn.
Why does “calculated daily, credited monthly” matter?
Daily calculation captures interest on the exact balance each day, which benefits frequent deposits or withdrawals. Monthly crediting means interest posts once per month, so timing of deposits within the month affects earnings. These mechanics can make a small but meaningful difference over a year.
Which savings products are top picks in Singapore now?
Leading options include UOB One, OCBC 360, BOC SmartSaver, DBS Multiplier and HSBC Everyday Global Account. Each has trade-offs: some reward multi-category activity like salary credit plus card spend, while others offer simpler “no hoops” structures or digital-only boosts.
How should I align maximum vs realistic p.a. with my monthly behaviour?
Start by mapping your salary credit, regular card spend, GIRO payments, and willingness to buy insurance or invest. If you can reliably meet multiple categories, select accounts that reward bundles. If not, pick a simpler product with a higher base and fewer conditions to capture steadier returns.
What is the SDIC protection limit and why does it matter?
The Singapore Deposit Insurance Corporation protects eligible deposits up to S,000 per depositor per Scheme member. For large sums, spread balances across different banks or entities to maintain full coverage and reduce concentration risk.
How does Standard Chartered’s Bonus$aver let customers earn competitive returns?
Bonus$aver combines salary credit, eligible card spend and selected savings or insurance activity. That lets you stack benefits to reach advertised rates—up to the bank’s promotional ceiling. It’s useful for customers who value straightforward tiering without complex tranches.
What realistic rate can I expect with S,000 salary credit and SFAQ
What affects trust account interest rates in Singapore right now?
Central bank policy and the base interest set by banks largely shape returns. When the Monetary Authority of Singapore and global central banks change their policy stance, banks adjust their base and bonus offers. Product mechanics—how interest is calculated daily and credited monthly—also change effective yields. Other drivers include competitive positioning among banks, promotional periods, and deposit protection thresholds such as SDIC limits.
Who should use this product roundup and search guide?
This guide is for middle-aged professionals, retirees and property owners in Singapore who hold sizable balances and want financial flexibility. If you seek higher p.a. yields, want to optimise salary credit and card spend, or aim to park cash while preserving access, these comparisons help you pick accounts that match your behaviour.
How are headline versus realistic yields different?
Headline p.a. figures show a maximum possible return under ideal criteria. Realistic yields reflect typical behaviour—salary credit levels, monthly card spend, and insurance or investment add-ons. We convert advertised figures into effective, achievable rates given common scenarios so you know what you’ll likely earn.
Why does “calculated daily, credited monthly” matter?
Daily calculation captures interest on the exact balance each day, which benefits frequent deposits or withdrawals. Monthly crediting means interest posts once per month, so timing of deposits within the month affects earnings. These mechanics can make a small but meaningful difference over a year.
Which savings products are top picks in Singapore now?
Leading options include UOB One, OCBC 360, BOC SmartSaver, DBS Multiplier and HSBC Everyday Global Account. Each has trade-offs: some reward multi-category activity like salary credit plus card spend, while others offer simpler “no hoops” structures or digital-only boosts.
How should I align maximum vs realistic p.a. with my monthly behaviour?
Start by mapping your salary credit, regular card spend, GIRO payments, and willingness to buy insurance or invest. If you can reliably meet multiple categories, select accounts that reward bundles. If not, pick a simpler product with a higher base and fewer conditions to capture steadier returns.
What is the SDIC protection limit and why does it matter?
The Singapore Deposit Insurance Corporation protects eligible deposits up to S$75,000 per depositor per Scheme member. For large sums, spread balances across different banks or entities to maintain full coverage and reduce concentration risk.
How does Standard Chartered’s Bonus$aver let customers earn competitive returns?
Bonus$aver combines salary credit, eligible card spend and selected savings or insurance activity. That lets you stack benefits to reach advertised rates—up to the bank’s promotional ceiling. It’s useful for customers who value straightforward tiering without complex tranches.
What realistic rate can I expect with S$3,000 salary credit and S$1,000 monthly card spend?
With that profile, many multi-category accounts deliver higher-than-base yields but below the absolute headline. You’ll usually capture bonus tiers tied to salary and spend, producing a mid-range effective p.a. We recommend checking the bank’s monthly caps and any balance ceilings to estimate your outcome precisely.
What changed for the UOB One Account?
UOB One simplified qualifying criteria and revised its bonus ceilings. It still rewards a spend plus salary-credit combo, but effective yields vary by balance tier. If you meet both salary and spend conditions, you’ll get improved returns on common balance sizes.
Why choose OCBC 360 or BOC SmartSaver?
Both excel if you can activate multiple categories—salary credit, GIRO bill pay, bonus credit card spend, and insurance or investment links. That makes them strong for customers who regularly use diverse banking services and want to maximise bonus segments.
How do HSBC Everyday Global Account and UOB Stash compare as “no hoops” options?
These suit customers preferring fewer conditions. They focus on simpler criteria such as consistent balances or modest card activity. Promotions for fresh funds can temporarily boost yields, but steady balance growth often wins over chasing short-term promos.
What should I know about digital banks like GXS, Mari, and Trust Bank?
Digital banks offer flat pockets, tiered boosts or card-linked perks with easy onboarding. They trade some branch convenience for higher advertised returns or daily interest mechanics. Check deposit limits, promotional periods, and how quickly you can access funds for everyday needs.
What are Trust Bank’s current features and requirements?
Trust Bank typically offers a higher base and bonus structure with card-linked rewards and daily interest calculations. Offers may include up to around 3.0% p.a. with qualifying average daily balances and minimum spend conditions. Also review partner perks like NTUC Linkpoints and ATM access arrangements.
Who earns the highest yields in Singapore today?
Customers who regularly salary-credit, meet monthly card spend thresholds, and add insurance or investment products tend to access the highest p.a. figures. No-salary-credit park-and-earn profiles and those using simple digital pockets can still secure competitive returns but often at lower effective levels.
How do I get personalised picks for my balance and habits?
Share your typical monthly salary credit, card spend, average balance and whether you’ll accept insurance or investment links. We can then match you to accounts that balance simplicity, SDIC coverage and achievable yields for your situation.
What affects trust account interest rates in Singapore right now?
Central bank policy and the base interest set by banks largely shape returns. When the Monetary Authority of Singapore and global central banks change their policy stance, banks adjust their base and bonus offers. Product mechanics—how interest is calculated daily and credited monthly—also change effective yields. Other drivers include competitive positioning among banks, promotional periods, and deposit protection thresholds such as SDIC limits.
Who should use this product roundup and search guide?
This guide is for middle-aged professionals, retirees and property owners in Singapore who hold sizable balances and want financial flexibility. If you seek higher p.a. yields, want to optimise salary credit and card spend, or aim to park cash while preserving access, these comparisons help you pick accounts that match your behaviour.
How are headline versus realistic yields different?
Headline p.a. figures show a maximum possible return under ideal criteria. Realistic yields reflect typical behaviour—salary credit levels, monthly card spend, and insurance or investment add-ons. We convert advertised figures into effective, achievable rates given common scenarios so you know what you’ll likely earn.
Why does “calculated daily, credited monthly” matter?
Daily calculation captures interest on the exact balance each day, which benefits frequent deposits or withdrawals. Monthly crediting means interest posts once per month, so timing of deposits within the month affects earnings. These mechanics can make a small but meaningful difference over a year.
Which savings products are top picks in Singapore now?
Leading options include UOB One, OCBC 360, BOC SmartSaver, DBS Multiplier and HSBC Everyday Global Account. Each has trade-offs: some reward multi-category activity like salary credit plus card spend, while others offer simpler “no hoops” structures or digital-only boosts.
How should I align maximum vs realistic p.a. with my monthly behaviour?
Start by mapping your salary credit, regular card spend, GIRO payments, and willingness to buy insurance or invest. If you can reliably meet multiple categories, select accounts that reward bundles. If not, pick a simpler product with a higher base and fewer conditions to capture steadier returns.
What is the SDIC protection limit and why does it matter?
The Singapore Deposit Insurance Corporation protects eligible deposits up to S$75,000 per depositor per Scheme member. For large sums, spread balances across different banks or entities to maintain full coverage and reduce concentration risk.
How does Standard Chartered’s Bonus$aver let customers earn competitive returns?
Bonus$aver combines salary credit, eligible card spend and selected savings or insurance activity. That lets you stack benefits to reach advertised rates—up to the bank’s promotional ceiling. It’s useful for customers who value straightforward tiering without complex tranches.
What realistic rate can I expect with S$3,000 salary credit and S$1,000 monthly card spend?
With that profile, many multi-category accounts deliver higher-than-base yields but below the absolute headline. You’ll usually capture bonus tiers tied to salary and spend, producing a mid-range effective p.a. We recommend checking the bank’s monthly caps and any balance ceilings to estimate your outcome precisely.
What changed for the UOB One Account?
UOB One simplified qualifying criteria and revised its bonus ceilings. It still rewards a spend plus salary-credit combo, but effective yields vary by balance tier. If you meet both salary and spend conditions, you’ll get improved returns on common balance sizes.
Why choose OCBC 360 or BOC SmartSaver?
Both excel if you can activate multiple categories—salary credit, GIRO bill pay, bonus credit card spend, and insurance or investment links. That makes them strong for customers who regularly use diverse banking services and want to maximise bonus segments.
How do HSBC Everyday Global Account and UOB Stash compare as “no hoops” options?
These suit customers preferring fewer conditions. They focus on simpler criteria such as consistent balances or modest card activity. Promotions for fresh funds can temporarily boost yields, but steady balance growth often wins over chasing short-term promos.
What should I know about digital banks like GXS, Mari, and Trust Bank?
Digital banks offer flat pockets, tiered boosts or card-linked perks with easy onboarding. They trade some branch convenience for higher advertised returns or daily interest mechanics. Check deposit limits, promotional periods, and how quickly you can access funds for everyday needs.
What are Trust Bank’s current features and requirements?
Trust Bank typically offers a higher base and bonus structure with card-linked rewards and daily interest calculations. Offers may include up to around 3.0% p.a. with qualifying average daily balances and minimum spend conditions. Also review partner perks like NTUC Linkpoints and ATM access arrangements.
Who earns the highest yields in Singapore today?
Customers who regularly salary-credit, meet monthly card spend thresholds, and add insurance or investment products tend to access the highest p.a. figures. No-salary-credit park-and-earn profiles and those using simple digital pockets can still secure competitive returns but often at lower effective levels.
How do I get personalised picks for my balance and habits?
Share your typical monthly salary credit, card spend, average balance and whether you’ll accept insurance or investment links. We can then match you to accounts that balance simplicity, SDIC coverage and achievable yields for your situation.
,000 monthly card spend?
With that profile, many multi-category accounts deliver higher-than-base yields but below the absolute headline. You’ll usually capture bonus tiers tied to salary and spend, producing a mid-range effective p.a. We recommend checking the bank’s monthly caps and any balance ceilings to estimate your outcome precisely.
What changed for the UOB One Account?
UOB One simplified qualifying criteria and revised its bonus ceilings. It still rewards a spend plus salary-credit combo, but effective yields vary by balance tier. If you meet both salary and spend conditions, you’ll get improved returns on common balance sizes.
Why choose OCBC 360 or BOC SmartSaver?
Both excel if you can activate multiple categories—salary credit, GIRO bill pay, bonus credit card spend, and insurance or investment links. That makes them strong for customers who regularly use diverse banking services and want to maximise bonus segments.
How do HSBC Everyday Global Account and UOB Stash compare as “no hoops” options?
These suit customers preferring fewer conditions. They focus on simpler criteria such as consistent balances or modest card activity. Promotions for fresh funds can temporarily boost yields, but steady balance growth often wins over chasing short-term promos.
What should I know about digital banks like GXS, Mari, and Trust Bank?
Digital banks offer flat pockets, tiered boosts or card-linked perks with easy onboarding. They trade some branch convenience for higher advertised returns or daily interest mechanics. Check deposit limits, promotional periods, and how quickly you can access funds for everyday needs.
What are Trust Bank’s current features and requirements?
Trust Bank typically offers a higher base and bonus structure with card-linked rewards and daily interest calculations. Offers may include up to around 3.0% p.a. with qualifying average daily balances and minimum spend conditions. Also review partner perks like NTUC Linkpoints and ATM access arrangements.
Who earns the highest yields in Singapore today?
Customers who regularly salary-credit, meet monthly card spend thresholds, and add insurance or investment products tend to access the highest p.a. figures. No-salary-credit park-and-earn profiles and those using simple digital pockets can still secure competitive returns but often at lower effective levels.
How do I get personalised picks for my balance and habits?
Share your typical monthly salary credit, card spend, average balance and whether you’ll accept insurance or investment links. We can then match you to accounts that balance simplicity, SDIC coverage and achievable yields for your situation.
