Pick this account if you’re allergic to maths, because the only requirement is spending at least $500 a month on a UOB credit card (either UOB One Card, UOB Lady’s Card, or UOB YOLO Card). APY: 0.50% Monthly Service Fee: $0. Simplii Financial, Motusbank, Alterna, Tangerine and Manulife Bank all best fit the Thrifty Criteria, though none of them offers a student-oriented credit card (or, in the case of Motusbank and Alterna, any credit … Refer to Bonus Interest Rate tab below to see the change in interest rates, Students, NSF, self-employed, salaried or retired individuals are eligible to apply. Minimum salary credit of S$1,800 via GIRO, OCBC 360 is a savings account with a base interest rate of 0.05% per annum on the account’s balance, You enjoy bonus interest rates when you credit your monthly salary, meet certain deposit amounts such as S$500 monthly increases or S$200,000 total balance, purchase insurance, or invest with OCBC, Increase your OCBC 360 account savings balance by S$500 monthly to enjoy 0.10% bonus interest on the first S$25,000, followed by 0.20% bonus interest for the next S$25,000, and 0.40% bonus interest for the third S$25,000, If your account balance is above S$200,000, you enjoy an additional 0.40% on your first S$75,000 deposited, Fall below fee: $2. $300) OR salary credit (min. This is great for those without a regular paycheck such as freelancers, retirees or homemakers. On a more serious note, the … The details you see on our site may be different from others. But for the times when you need to withdraw cash, knowing that you can do so easily is really valuable. CIT Bank CIT Bank's Savings Builder account is one of our favorite for college student savings accounts because they consistently have a top yielding account, and you get the best rate for … Interest rates offered by savings accounts in Singapore range from less than 1% to over 3% p.a. $2,000), Invest in structured deposit (min. Min. Want To Know How This 16-Year Old Singaporean Student Stands To Make $30K From Working During Her School Holidays? Salaried employees in Singapore are basically spoilt for choice when it comes to high-interest savings accounts. Best For A Variety Of Situations When You’re Young. OCBC unit trusts, structured deposits, or bonds and structured products, Over 1,100 ATMs in shared network in Singapore, The Maybank Save Up Programme lets you choose from 9 different Maybank products/services to get bonus interest, GIRO payment (min. might be lower than most other accounts … For example, the CIMB FastSaver and UOB Stash accounts gave us up to 1% p.a. Disclaimer: At MoneySmart, we aim to provide accurate, objective and up-to-date information. Waived for first year. OCBC 360 Account — OCBC Savings Account Review. Best Personal Accident Insurance Policies, See All Personal Accident Insurance Articles. The only caveat is that this bonus interest is capped at $25,000 (unless you’re an HSBC Premier customer, in which case it’s $100,000). As a reward for your restraint, you earn 2% p.a. However, the results of our comparison tools which are not marked as sponsored are based on objective analysis. Though the base interest offered on the account … 256 Reviews. How Much Does It Cost To Hire A Confinement Nanny In Singapore? Mistress would do just fine, just don’t get caught. BOC SmartSaver, Bank Of China. The OCBC 360 is more complicated than the UOB One, but also more flexible in that there is no one mandatory requirement. Read Also: Choose The Right Savings Account To Earn High Interest With No Multiple Conditions. S$5. DBS Multiplier Account. This savings account is amazingly simple: You start with a base interest rate of 0.01%, but if you credit your salary of at least $2,000, you earn 0.8% bonus interest. for simply stashing spare money away and forgetting all about it. We once said the BOC SmartSaver had the best savings account in … Thus, the POSB Everyday Savings Account is worth looking at. Because any 2 persons can open a joint bank account in Singapore, there is no need to find a spouse just to execute this strategy. 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