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Compare and Save! - Savings Accounts

 

Key BenefitsEligibilityFeesInterest Rates

DBS Autosave

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Earn Daily Interest

Auto Cheque Mailing

900 ATMS

Above 21 years old

$3000 min initial deposit

$2 monthly fee

$7.50 fall below fee ($3000)

$30 early account closure (within 6 months)

First $3k: 0.10%

Next $47k: 0.125%

Next $50k: 0.25%

Bal. Above $100k: 0.325%

MySavings

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Auto savings feature

900 ATMs

Above 16 years old

No fees

$50 - $2 90: 0.125%

Above $300: 0.40%

Savings Plus

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Earn Daily Interest

900 ATMs

Above 12 years old

$500 min initial deposit

$2 fall below fee ($500)

$20 early account closure (within 6 months)

 

First $3k: 0.10%

Next $47k: 0.10%

Next $50k: 0.25%

Bal. Above $100k: 0.25%

POSB Passbook Savings

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Above 16 years old

$500 min initial deposit

$2 fall below fee ($500)

$20 early closure fee (within 6 months)

First $3k: 0.125%

Next $47k: 0.125%

Next $50k: 0.25%

Bal. Above $100k: 0.25%

POSBkids

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Earn daily interest

7 to 15 years old

No min deposit

No fees

 

MySavings

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Auto savings feature

Above 16 years old

No initial deposit

No fees

$50 - $290: 0.125%

Above $300: 0.40%

UOB Passbook Savings

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UniAlerts

Above 15 years old

$500 min initial deposit

$2 fall below fee ($500)

 

First $3k: 0.10%

Next $47k: 0.10%

Next $50k: 0.25%

Bal. Above $100k: 0.25%

UOB Uniplus

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Daily interest rates

UniAlerts

Above 15 years old

$500 min initial deposit

$2 fall below fee ($500)

First $3k: 0.10%

Next $47k: 0.10%

Next $50k: 0.25%

Bal. Above $100k: 0.25%

UOB Junior Savers

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Limited edition Humphrey Collectible

Above 16 years old

$500 min initial deposit

$2 fall below fee ($500)

First $3k: 0.10%

Next $47k: 0.10%

Next $50k: 0.25%

Bal. Above $100k: 0.25%

UOB FlexiDeposit

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UniAlerts

Above 21 years old

$5000 min initial deposit

$2 fall below fee ($3000)

First $15k: 0.10%

Next $85k: 0.175%

Next $200k: 0.325%

Bal. Above $100k: 0.325%

UOB Precious Metal

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Buy and sell gold/silver

Above 21 years old

$30 early closure fee (within 6 months)

 

UOB TX

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UniAlerts

Full time student 16 to 21 years old

$100 min initial deposit

No fees

First $3k: 0.10%

Next $47k: 0.10%

Next $50k: 0.25%

Bal. Above $100k: 0.25%

ANZ SGD Savings

 

 

$5000 min initial deposit

$10 fall below fee ($5000)

First $10k: 0.00%

Next $40k: 0.10%

Above $50k: 0.125%

ANZ Millennium

 

$5000 min initial deposit

$3 admin fee

$12 fall below fee ($5000)

First $10k: 0.00%

Next $40k: 0.10%

Next $150k: 0.15%

Next $300k: 0.25%

Above $500k: 0.55%

SBI Savings Basic

Apply Now

Earn daily interest

Above 21 years old

$10 min initial deposit

$1 fall below fee ($100)

$10 early closure fee (within 6 months)

First $3k: 0.15%

Above $3k: 0.20%

SBI Special Savings Account

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Earn daily interest

Above 21 years old

$100 min initial deposit

$1 fall below fee ($300)

$10 early closure fee (within 6 months)

First $3k: 0.15%

Next $6k: 0.20%

Next 40K: 0.25%

Above 50k: 0.35%

SBI MultiSweep

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Earn daily interest

Linked to multiple sub accounts

 

$10 fall below fee ($5000)

$20 early closure fee (within 6 months)

First $3k: 0.15%

Next $6k: 0.20%

Next 40K: 0.25%

Above 50k: 0.35%

Sub accounts: 0.35% over main account

SBI Multi Option Deposit

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Earn Daily interest

Linked to term deposits

Above 21 years old

$1000 min initial deposit

$10 fall below fee ($5000)

$20 early closure fee (within 6 months)

As per individual accounts

SBI Recurring Deposit

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Savings in monthly installment

Above 21 years old

$50 min initial deposit

 

 

HSBC Savings

 

Above 16 years old

$1000 min initial deposit

$5 fall below fee ($2000)

$50 early closure fee (within 6 months)

First $2k: 0.01%

Next $48k: 0.01%

Above 50k: 0.01%

HSBC PowerVantage

All in one account

Above 21 years old

$2000 min initial deposit

$2 monthly service charge

 

$10 fall below fee ($5000)

$50 early closure fee (within 6 months)

 

First $5k: 0.01%

Next $10k: 0.01%

Next $35k: 0.01%

Above 50k: 0.025%

HSBC Premier Lite Savings

Exclusive Premier rates

Above 21 years old, child below 21 years old

$1 min initial deposit

 

First $5k: 0.01%

Next $10k: 0.01%

Next $35k: 0.01%

Next $50k: 0.075%

Above $100k: 0.10%

HSBC Foreign Currency Savings

 

Above 16 years old

US$5000 min initial deposit

US$50 early closure fee (within 6 months)

 

CIMB StarSaver

Free cheque book

Above 18 years old

$5000 min initial deposit

$50 early closure fee (within 6 months)

Incremental deposit of $500 or more: 0.8%

Less than $500: 0.5%

Privilege Plus Savings

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Above 50 years old

$10 min initial deposit

$2 monthly service fee

First $3k: 0.4375%

Next $47k: 0.4375%

Bal above $50k: 0.50%

iSAVvy Savings

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Daily interest

6% interest on interest

Above 15 years old

$10 min initial deposit

$2 monthly service fee

$30 early closure fee (within 6 months)

Below $5k: 0.1875%

$5k to $50k: 0.25%

Above $50k: 0.4%

interest on interest: 6%

Savings

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Daily interest

Above 15 years old

$10 min initial deposit

$2 monthly service fee

First $3k: 0.1875%

Next $47k: 0.1875%

Bal above $50k: 0.25%

SaveUp

Apply Now

 

Above 15 years old

$10 min initial deposit

$2 monthly service fee

First $3k: 0.1875%

Next $47k: 0.1875%

Bal above $50k: 0.3125%

Youngstarz

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Free HFMD insurance

Above 18 years old

$10 min initial deposit

$2 monthly service fee

First $3k: 0.1875%

Next $47k: 0.25%

Bal above $50k: 0.375%

Step-Up Interest

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Up to 0.50% p.a. interest

 

 

 

Tap and Save

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4X more interest

Up to 2% cash rebates

 

 

 

Citibank MaxiSave Plus

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Daily interest

Cash rebates

 

 

 

Citibank Junior Savings Account

 

Above 21 years old and child below 21 years old

$2000 min initial deposit

 

 

Citibank Maxisave

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Free cheque book

$2000 min initial deposit

 

 

Money Market Account

Apply Now

Daily interest

$30k min initial deposit

 

 

S$ Savings

Apply Now

Daily interest

$2000 min initial deposit

 

 

US$ Savings

Daily interest

Non- Singaporean Residents

US$5k min deposit

 

 

Basic Bank Account

Non interest bearing

No min bal

SG Citizen

Above 15 years old

Income below $2000

$20 min initial deposit

$2 monthly fee

$30 early closure fee(within 6 months)

 

Passbook Savings Account

Daily interest

Above 15 years old

$2000 min initial deposit

$5 fall below fee ($2000)

$30 early closure fee (within 6 months)

 

e$aver

Online savings account

Above 18 years old

No initial deposits

No fees

 

e$aver Kids!

 

Parents above 21 years old, child below 21 years old

No min deposit

No fees

 

USD High Account

Cashback

No min deposit

Above 18 years old

Standard Chartered Priority Banking customer

$30 early closure fee (within 6 months)

 

FCY$aver

USD, AUD, NZD, GBP, EUR, HKD, CAD, CHF

Above 18 years old

 

 

SuperSalary

Cashback

 

$30 early closure fee (within 6 months)

 

Mighty SaversTM

Apply Now

 

Child aged 0 to 15 years old

 

First $50k: 0.125%

Next $200k: 0.25%

Bal above $250k: 0.275%

SmartParent

Apply Now

 

Above 21 years old

$1000 min deposit

 

First $20k: 0.20%

Next $230k: 0.30%

Bal above $250k: 0.40%

MSA123

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Choose from 13, 24, 36 months of fixed monthly savings

Above 15 years old

Min monthly savings of $50

 

13months: 0.50%

24 months: 0.80%

36 months: 1.00%

MultiSave

 

Above 16 years old

Enrolled in OCBC SmartChange

 

First $50k: 0.125%

Next $230k: 0.250%

Bal above $250k: 0.275%

SmartSavings

Apply Now

 

Females aged 18 and above

$2000 min deposit

$2 fall below fee ($1000)

First $20k: 0.20%

Next $230k: 0.30%

Bal above $250k: 0.40%

Statement Savings

Apply Now

 

Above 15 years old

$1000 min deposit

$2 fall below fee ($1000)

First $10k: 0.125%

Next $40k: 0.125%

Next $200k: 0.25%

Bal above $250k: 0.275%

Passbook Savings

 

Above 15 years old

$500 min deposit

$2 fall below fee ($1000)

First $10k: 0.125%

Next $40k: 0.125%

Next $200k: 0.25%

Bal above $250k: 0.275%

Basic Bank Account

 

Above 15 years old

$1 min deposit

Monthly income less than $2000

$2 fall below fee ($1000)

First $10k: 0.125%

Next $40k: 0.125%

Next $200k: 0.25%

Bal above $250k: 0.275%

Global Savings

Apply Now

9 Major currencies

Above 21 years old

5000 units of foreign currencies min deposit

US$20 early closure fee (within 6 months)

Interest rates

Al-Wadi'ah Savings

Apply Now

Semi annual dividend payout

Above 15 years old

$1000 min deposit

 

First $50k: 0.125%

Next $200k: 0.250%

Bal above $250k: 0.275%

Al-Wadi'ah Monthly Savings

Apply Now

 

Above 15 years old

Min monthly savings of $50

$30 early closure fee (within 6 months)

13months: 0.50%

24 months: 0.80%

36 months: 1.00%

CDA

1% interest on CDA balance

MCYS Baby Bonus Scheme

 

 

CDA Extra

1.2% on CDA Extra Balances

Min $50 monthly deposit

MCYS Baby Bonus Scheme

 

 



How much savings should one family have? PDF Print E-mail
Bank Accounts - Savings Accounts
Written by Editor   
Thursday, 08 July 2010 09:44

Conventional wisdom says between 3 months and 6 months.

 
Do people normally start to save money for having a baby? PDF Print E-mail
Bank Accounts - Savings Accounts
Written by Editor   
Thursday, 08 July 2010 09:41

Should I start saving money before my husband and I start to think about having a kid?

 
3 Reasons For Having A Joint Account With Your Spouse PDF Print E-mail
Bank Accounts - Savings Accounts
Written by Editor   
Thursday, 17 June 2010 08:37

Marriage is the social union of two individuals that creates kinship. This union of love birds does usually include the union of the finances as well! Most of us are used to the privacy that comes with having our own individual bank accounts and dread anyone else knowing the exact details of our financial statements. Hiding that impulse Chanel or Panerai purchase is indeed important sometimes but do consider some of these merits of having a joint account.

 


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