What bank has a high yield savings account

We included these institutions in our research for the best high-yield savings account rates: Affirm, Alliant Credit Union, Ally Bank, American Express, Axos Bank, Bank of America, Bank5 Connect, BankDirect, BankPurely, Barclays, Bask Bank, BrioDirect Banking, Capital One, Charles Schwab Bank, Chase, Chime, CIBC Bank, CIT Bank, Citibank, Citizens Access, Colorado Federal Savings Bank, Bread Financial, Connexus Credit Union, Consumers Credit Union, Discover, Dollar Savings Direct, E*Trade Bank, Fitness Bank, FNBO Direct, HSBC, HSBC Direct, iGoBanking, Incredible Bank, Live Oak Bank, Marcus by Goldman Sachs, My eBanc, MySavingsDirect, Navy Federal Credit Union, nbkc Bank, PNC Bank, Popular Direct, Purepoint Financial, Quontic, Rising Bank, SalemFiveDirect, Sallie Mae Bank, SFGI Direct, SmartyPig Bank, Synchrony Bank, U.S. Bank, UFB Direct, Varo Bank and VIO Bank.

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Savings accounts offer a great, low-risk way to earn more with your money. However, some accounts can be quite complex. After closely analysing the market, we identified and explained the best savings accounts in Singapore in straightforward terms, so that you can find the option best suited to your needs.

Find out more here

Can You Invest Or Insure Yourself Without Sacrificing Your Lifestyle?


Best Savings Accounts in Singapore

Best Savings Accounts Overall

  • OCBC 360: You're a consistent saver with a stable budget
  • SC Bonus$aver: You're a high-earner open to a banking relationship with Standard Chartered
  • DBS Multiplier: You're a high-earning DBS loyalist with financial savvy
  • Maybank SaveUp: You're a moderate saver in charge of the household
  • UOB One: You're interested in a UOB credit card in addition to your savings account

Best Accounts for Consistent Savers

  • UOB Stash: You maintain a large balance but tend to make smaller deposits
  • POSB SAYE: You can commit to long-term incremental saving & want a low-maintenance account
  • MB iSAVvy Plus: You can consistently make fairly large deposits for a 6 month period
  • OCBC Bonus+: You make inconsistent deposits but want a boost when you grow your balance
  • MB iSAVvy: You have a small-to-moderate size balance and want a low-maintenance account
  • OCBC MSA: For people with not much capital but wants to start saving

Best Simple & Easy Savings Accounts

  • CIMB FastSaver: You want a simple account with top interest rates
  • RHB High Yield: You can maintain a moderate balance between S$10k–S$100k
  • CIMB StarSaver: You're a young professional seeking a starter account
  • HSBC Everyday Global Account: you transact with overseas currencies frequently (Especially with Chinese Yuan).
  • SC e$aver: You want a simple account with no initial deposit requirement
  • BOC Passbook: You want a straightforward account with higher-than-standard base rates
  • MB Passbook: You're a foreign worker in Singapore

Best Savings Accounts with No Fees or Minimums

  • OCBC Frank: You're a young adult looking for a starter account without fees or requirements
  • POSB Everyday: You're a low-income adult looking to open a savings account

Best Savings Accounts for Priority Banking Consumers

  • Citigold Priority Banking & Wealth Management: You're an affluent individual who wants a team of experts and a dedicated relationship manager to grow your wealth
  • HSBC Everyday Global Account (Premier): you transact with overseas currencies frequently.

Potentially Higher Risk, Higher Gain

  • Saxo Regular Savings Plan: You're open to investing a little bit every month

Quick Comparison of Select Competitive Savings Accounts in Singapore

When looking for the best savings account for you, it's important to consider factors like accessibility (minimum initial deposit), risk (minimum balance requirement & fall-below fees) and potential return (maximum effective interest rate). We've organized such data for some of Singapore's most competitive savings accounts into the table below. As a note, the maximum effective interest rates displayed are achieved at varying balance sizes. Learn more about the details in our reviews below.

Savings AccountInit. DepositMin. Avg. BalFall-Below FeeMax EIRSC Bonus$averS$0S$3,000S$54.88% p.a.DBS MultiplierS$0S$3,000S$54.10% p.a.Citigold Priority Banking & Wealth Management250,000S$15,000S$152.8% p.a.OCBC 360S$1,000S$3,000S$27.65% p.a.MB SaveUpS$500-S$1kS$1,000S$23.00% p.a.POSB SAYES$0S$50N/A3.75% p.a.MB iSAVvy PlusS$500S$500S$21.56% p.a.UOB OneS$1,000S$1,000S$53.60% p.a.RHB High YieldS$1,000S$1,000S$01.50% p.a.CIMB FastSaverS$1,000N/AN/A4.20% p.a.OCBC Bonus+S$5,000S$3,000S$22.80% p.a.UOB StashS$1,000S$1,000S$21.00% p.a.OCBC FrankS$0S$0 if below 26yoWaiver option0.20% p.a.

Fall below fees may have a waiver. Promotional rates, if any, are not included. Please see below for further details

Best OverallConsistent SaversSimple & EasyNo Fees or MinsPriority BankingAdd'l Resources

  • Best Savings Accounts Overall

  • Savings Accounts for Consistent Savers

  • Simple & Easy Savings Accounts

  • Savings Accounts w/ No Fees or Mins

  • Savings Accounts for Wealthy Consumers

Best Savings Accounts in SG

Best Savings Accounts Overall

  • OCBC 360
  • SC Bonus$aver
  • DBS Multiplier
  • Maybank SaveUp
  • UOB One

Best Accounts for Consistent Savers

  • UOB Stash
  • POSB SAYE
  • MB iSAVvy Plus
  • OCBC Bonus+
  • MB iSAVvy
  • OCBC MSA

Best Simple & Easy Savings Accounts

  • CIMB FastSaver
  • RHB High Yield
  • CIMB StarSaver
  • HSBC Everyday Global Account
  • SC e$aver
  • BOC Passbook
  • MB Passbook

Best Savings Accounts with No Fees or Mins

  • OCBC Frank
  • POSB Everyday

Best Savings Accounts for Wealthy Consumers

  • Citigold Priority Banking & Wealth Management
  • HSBC Everyday Global Account (Premier)

Potentially Higher Risk, Higher Gain

  • Saxo Regular Savings Plan

Requirements Comparison for Best Savings Accounts for Students

When looking for the best savings account for you, it's important to consider factors like accessibility (minimum initial deposit), risk (minimum balance requirement & fall-below fees) and potential return (maximum effective interest rate). We've organized such data for some of Singapore's most competitive savings accounts into the table below. As a note, the maximum effective interest rates displayed are achieved at varying balance sizes. Learn more about the details in our reviews below.

Savings AcctInit. DepositMin. Avg. BalFall-Below FeeMax EIRSC Bonus$averS$0S$3,000S$54.88% p.a.DBS MultiplierS$0S$3,000S$54.10% p.a.Citigold Priority Banking & Wealth Management250,000S$15,000S$152.8% p.a.OCBC 360S$1,000S$3,000S$27.65% p.a.MB SaveUpS$500-S$1kS$1,000S$23.00% p.a.POSB SAYES$0S$50N/A3.75% p.a.MB iSAVvy PlusS$500S$500S$21.56% p.a.UOB OneS$1,000S$1,000S$53.60% p.a.RHB High YieldS$1,000S$1,000S$01.50% p.a.CIMB FastSaverS$1,000N/AN/A4.20% p.a.OCBC Bonus+S$5,000S$3,000S$22.80% p.a.UOB StashS$1,000S$1,000S$21.00% p.a.OCBC FrankS$0S$0 if below 26yoWaiver option0.20% p.a.

Fall below fees may have a waiver. Promotional rates, if any, are not included. Please see below for further details

Savings accounts offer a great way to earn interest on your funds without having to take big risks (as with investing) or forfeit access to your money for an extended period (as with fixed deposits). In fact, certain accounts allow consumers to earn up to 3.50%+ p.a. on their savings, making it easy to rapidly earn interest with minimal effort. There are many types of savings accounts in Singapore, however, each uniquely tailored to a different type of consumer. While the accounts offering the highest potential interest rate tend to be quite complex, there are still many options with fewer requirements and lesser risk. We've closely analysed all of Singapore's most competitive savings accounts, providing comprehensive and comparative reviews below so you can see which best suits your needs.

Best Savings Accounts in Singapore Overall

The following savings bank accounts in Singapore offer some of the highest potential effective interest rates in the market.

Competitive Interest for Incremental Savers: OCBC 360 Account

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You're a consistent saver with a stable budget
  • Promotions: None currently available
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$3,000
  • Fall Below Fee: S$2 (Waived the 1st year)
  • Max Effective Interest Rate: 7.65% p.a. at S$100,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase RateNo Requirements; applied to entire balance0.05% p.a.Grow Bonus

  • Maintain balance of at least S$200k
  • (Bonus interest added to base rate)

+2.40% p.a. on first S$100kStep-Up Bonus

  • Deposit at least S$500/month
  • (Bonus interest added to base rate & applied
  • to specific band of balance)

+1.20% p.a. on first S$75k+2.40% p.a. on next S$25kSpend Bonus

  • Spend S$500/month on OCBC credit card
  • (Bonus interest added to base & applied to
  • specific band of balance)

+0.60% p.a. on first S$100kSalary Bonus

  • Credit S$2k+ salary to account via GIRO
  • (Bonus rates added to base rate & applied
  • to specific band of balance)

+2.00% p.a. on first S$75k+4.00% p.a. on next S$25k"Wealth" Bonus

  • Insure or invest with OCBC Bank
  • (Bonus rates added to base rate & applied
  • to specific band of balance)

+1.20% p.a. on first S$75k+2.40% p.a. on next S$25kMax Effective Interest Rate:7.65% p.a. (at S$100k balance)

Max EIR is highest at a S$70k balance even with the Grow Bonus left inactive. Promotional rates, if any, are not included

Analyst's Review

If you're willing to save at least S$500 per month, OCBC 360 Savings Account may just be your best option. Like competitors, this account offers a boosted interest rate for those who credit their monthly salary of at least S$1,800 offering interest rates starting at 2.0% p.a. for a minimum salary of S$21,600. Purchasing an eligible insurance or investment product will also boost the interest you earn on the savings account. Altogether, these bonuses add up to 6.15% p.a. effective interest on top of the 0.05% p.a. base rate. Any bonus interest applies up to the 1st S$100,000 of the balance (excess balance earns just the base rate).

OCBC 360 Account stands out from its competitors by rewarding continued growth. Making a monthly deposit of at least S$500 earns a bonus of up to 2.40% p.a. effective interest. Overall, while several accounts reward salary crediting & product use and others reward consistent saving, OCBC 360 is one of the very few that offers bonus interest for both. Combining all bonuses (including a 2.40% p.a. bonus for large balance sizes), consumers can earn a maximum effective interest rate of 7.65% p.a. with a S$100,000 balance. This makes OCBC 360 Savings Account the best in Singapore for Incremental Savers.

Learn About Other OCBC Products

  • OCBC 365 Credit Card Review
  • OCBC Home Loan Review
  • OCBC Debt Consolidation Plan Review

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: You're a consistent saver with a stable budget
  • Promotions:
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$3,000
  • Fall Below Fee: S$2 (Waived the 1st year)
  • Max EIR: 7.65% p.a. at S$100,000 balance

Account Interest Rates

OCBC 360 Account Interest RatesBase Rate: No requirements (applied to entire balance)

  • 0.05% p.a.

Grow Bonus: Maintain balance of at least S$200k (bonus interest added to base rate)

  • +0.80% p.a. on first S$70k

Step-Up Bonus: Deposit at least S$500/month (bonus interest added to base rate & applied to specific band of balance)

  • +0.20% p.a. on first S$35k
  • +0.40% p.a. on next S$35k

Spend Bonus: Spend S$500/month on OCBC credit card (bonus interest added to base & applied to specific band of balance)

  • +0.20% p.a. on first S$35k
  • +0.40% p.a. on next S$35k

Salary Bonus: Credit S$2k+ salary to account via GIRO (bonus rates added to base rate & applied to specific band of balance)

  • +1.20% p.a. on first S$35k
  • +2.40% p.a. on next S$35k

"Wealth" Bonus: Insure or invest with OCBC Bank (bonus rates added to base rate & applied to specific band of balance)

  • +0.60% p.a. on first S$35k
  • +1.20% p.a. on next S$35k

Max Effective Interest Rate:

  • 3.35% p.a. (at S$70k balance)

Max EIR is highest at a S$70k balance even with the Grow Bonus left inactive

Analyst's Review

If you're willing to save at least S$500 per month, OCBC 360 Savings Account may just be your best option. Like competitors, this account offers a boosted interest rate for those who credit their monthly salary of at least S$1,800 offering interest rates starting at 2.0% p.a. for a minimum salary of S$21,600. Purchasing an eligible insurance or investment product will also boost the interest you earn on the savings account. Altogether, these bonuses add up to 6.15% p.a. effective interest on top of the 0.05% p.a. base rate. Any bonus interest applies up to the 1st S$100,000 of the balance (excess balance earns just the base rate).

OCBC 360 Account stands out from its competitors by rewarding continued growth. Making a monthly deposit of at least S$500 earns a bonus of up to 2.40% p.a. effective interest. Overall, while several accounts reward salary crediting & product use and others reward consistent saving, OCBC 360 is one of the very few that offers bonus interest for both. Combining all bonuses (including a 2.40% p.a. bonus for large balance sizes), consumers can earn a maximum effective interest rate of 7.65% p.a. with a S$100,000 balance.

This makes OCBC 360 Savings Account the best in Singapore for Incremental Savers.

Learn About Other OCBC Products

  • OCBC 365 Credit Card Review
  • OCBC Home Loan Review
  • OCBC Debt Consolidation Plan Review

Highest Effective Interest Rate: Standard Chartered Bonus$aver Account

What bank has a high yield savings account

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What bank has a high yield savings account

Learn More

  • Consider if: You're a high-earner open to a banking relationship with Standard Chartered
  • Promotions:
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$3,000
  • Fall Below Fee: S$5 (No Waiver)
  • Max Effective Interest Rate: 4.88% p.a. at S$100,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase RateNo Requirements; applied to entire balance0.01% p.a.Credit/Debit Spend Bonus

  • Spend monthly on a Bonus$aver card
  • (Bonus added to base rate)

+0.61% p.a. w/ S$500-S$1.99k spend+1.61% p.a. w/ S$2k+ spendSalary Credit Bonus

  • Credit S$3k+/month salary
  • (Bonus added to base rate)

+1.20% p.a. on 1st S$100kProduct Bonus

  • Invest with or buy insurance from SC
  • (Bonus added to base rate)

+1.00% p.a. on 1st S$100kGIRO Bill-Pay Bonus

  • Make 3+ online bill payments via GIRO
  • (Bonus added to base rate)

+0.07% p.a. on first S$100kMax Effective Interest Rate:4.88% p.a. (at S$100k balance)

Promotional rates, if any, are not included

Analyst's Review

Standard Chartered Bonus$aver Account is the best option on the market for affluent individuals open to a banking relationship with Standard Chartered. Account holders earn rate boosts by:

  • crediting a salary of at least S$3,000/month
  • spending S$500–S$2,000+/month on a Bonus$aver credit or debit card
  • purchasing an eligible investment or insurance product
  • paying at least 3 bills per month online

These bonuses can be unlocked individually, but obtaining all 4 will allow consumers to earn up to 4.88% p.a. interest. This is one of the highest effective rates currently on the market, and can be achieved at S$100,000 balance. It's worth pointing out that this account is best suited for wealthier consumers due to its minimum salary requirement, higher card spend requirement and the requirement to buy a big financial product to enjoy a boost. There's also a rather sizable S$3,000 minimum balance requirement and S$5 fall below fee, which can be problematic for consumers who have less in savings.

This makes Standard Chartered Bonus$aver Account the best in Singapore for highest EIR.

Learn About Other Standard Chartered Products

  • Standard Chartered Unlimited Cashback Card

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: You're a high-earner open to a banking relationship with Standard Chartered
  • Promotions:
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$3,000
  • Fall Below Fee: S$5 (No Waiver)
  • Max EIR: 4.88% p.a. at S$100,000 balance

Account Interest Rates

SC Bonus$aver Account Interest RatesBase Rate: No requirements (applied to entire balance)

  • 0.01% p.a.

Spend Bonus: Spend monthly on a Bonus$aver credit or debit card (bonus added to base rate)

  • +0.20% p.a. w/ S$500-S$1.9k spend
  • +0.40% p.a. w/ S$2k+ spend

Salary Credit Bonus: Credit S$3k+ salary to account (bonus added to base rate)

  • +0.10% p.a. on first S$100k

Product Bonus: Invest with or buy insurance with SC (bonus added to base rate)

  • +0.90% p.a. on first S$100k

GIRO Bill-Pay Bonus: Pay 3+ bills online via GIRO (bonus added to base rate)

  • +0.07% p.a. on first S$100k

Max Effective Interest Rate:

  • 2.38% p.a. (at S$100k balance)

Promotional rates, if any, are not included

on_current="true" title="Analyst's Review" style="article" open="false" Standard Chartered Bonus$aver Account Standard Chartered Bonus$aver Account is the best option on the market for affluent individuals open to a banking relationship with Standard Chartered. Account holders earn rate boosts by:

  • crediting a salary of at least S$3,000/month
  • spending S$500–S$2,000+/month on a Bonus$aver credit or debit card
  • purchasing an eligible investment or insurance product
  • paying at least 3 bills per month online

These bonuses can be unlocked individually, but obtaining all 4 will allow consumers to earn up to 2.38% p.a. interest. This is one of the highest effective rates currently on the market, and can be achieved at S$80,000 balance. It's worth pointing out that this account is best suited for wealthier consumers due to its minimum salary requirement, higher card spend requirement and the requirement to buy a big financial product to enjoy a boost. There's also a rather sizable S$3,000 minimum balance requirement and S$5 fall below fee, which can be problematic for consumers who have less in savings.

This makes Standard Chartered Bonus$aver Account the best in Singapore for highest EIR.

Learn About Other Standard Chartered Products

  • Standard Chartered Unlimited Cashback Card

Market-Leading Effective Interest Rate: DBS Multiplier Account

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: You're a high-earning DBS loyalist with financial savvy
  • Promotions: None currently available
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$3,000
  • Fall Below Fee: S$5 (Waived if less than 30 years old, or if it's applicant's 1st account with DBS)
  • Max Effective Interest Rate: 4.10% p.a. at S$100,000 balance

Current Interest Rates

DBS Multiplier Interest Rate GridTransactions/Month

  • Salary/Dividends/SGFin Dex + transactions in 1 category
  • (up to S$50k)

  • Salary/Dividends/SGFin Dex + transactions in 2 categories
  • (up to S$100k)

  • Salary/Dividends/SGFin Dex + transactions in 3 categories
  • (up to S$100k)

< S$2k0.05%0.05%0.05%S$2k – below 2.5k0.90%1.70%2.00%S$2.5k – below S$5k1.50%1.80%2.20%S$5k – below S$15k1.80%2.10%2.40%S$15k – below S$30k1.90%2.20%2.50%S$30k+2.20%3.00%4.10%

  • Interest Rates rewarded by specific bands of balance: Up to S$50k or S$1000k
  • Categories include Credit Card spend, Home Loan Instalments, Insurance and Investments
  • Salary and/or dividends must be credited to account to qualify for bonus interest

Max Effective Interest Rate:4.10% p.a. (at S$100k balance)

Promotional rates, if any, are not included

Analyst's Review

DBS Multiplier Savings Account is an exceptional option for high-spenders with financial involvement across a variety of DBS banking products. Account holders earn interest based on a few intersecting factors. First, consumers must credit dividends or their salary to their account each month. Then, you must make a transaction in one or more specific categories ranging from credit card purchases and home loan payments to insurance policies and investments through DBS. Depending on the amount of total monthly transactions and the number of categories in which transactions were made, your total interest can reach 4.10% p.a.

While this is the highest EIR available on the market, meeting the necessary criteria is quite challenging. The average consumer may expect to earn more along the lines of 1.50% p.a., which is still a market-leading rate. This makes DBS Multiplier one of the best savings accounts in Singapore, especially for those who can balance multiple financial products.

This makes DBS Multiplier Savings Account the best in Singapore for one of the highest EIR in the market.

Learn About Other DBS Products

  • DBS Cashline Personal Line of Credit Review
  • POSB & DBS Debt Consolidation Plan Review

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: You're a high-earning DBS loyalist with financial savvy
  • Promotions: None currently available
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$3,000
  • Fall Below Fee: S$5 (Waived if less than 30 years old, or if it's applicant's 1st account with DBS)
  • Max EIR: 4.10% p.a. at S$100,000 balance

Account Interest Rates

DBS Multiplier Interest Rate GridTransactions/Month

  • Salary/Dividends/SGFin Dex + transactions in 1 category
  • (up to S$25k)

  • Salary/Dividends/SGFin Dex + transactions in 2 categories
  • (up to S$50k)

  • Salary/Dividends/SGFin Dex + transactions in 3 categories
  • (S$50k-S$100k)

< S$2k0.05%0.05%0.05%S$2k – below 2.5k0.40%0.60%1.20%S$2.5k – below S$5k0.40%0.70%1.40%S$5k – below S$15k0.50%0.80%1.60%S$15k – below S$30k0.50%1.00%1.70%S$30k+0.60%2.00%3.00%

  • Interest Rates rewarded by specific bands of balance: Up to S$25k or S$50k & from S$50k–S$100k
  • Categories include Credit Card spend, Home Loan Instalments, Insurance and Investments
  • Salary and/or dividends must be credited to account to qualify for bonus interest

Max Effective Interest Rate:3.00% p.a. (at S$100k balance)

Promotional rates, if any, are not included

Analyst's Review

DBS Multiplier Savings Account is an exceptional option for high-spenders with financial involvement across a variety of DBS banking products. Account holders earn interest based on a few intersecting factors. First, consumers must credit dividends or their salary to their account each month. Then, you must make a transaction in one or more specific categories ranging from credit card purchases and home loan payments to insurance policies and investments through DBS. Depending on the amount of total monthly transactions and the number of categories in which transactions were made, your total interest can reach 3.00% p.a.

While this is the highest EIR available on the market, meeting the necessary criteria is quite challenging. The average consumer may expect to earn more along the lines of 1.50% p.a., which is still a market-leading rate. This makes DBS Multiplier one of the best savings accounts in Singapore, especially for those who can balance multiple financial products.

This makes DBS Multiplier Savings Account the best in Singapore for one of the highest EIR in the market.

Learn About Other DBS Products

  • DBS Cashline Personal Line of Credit Review
  • POSB & DBS Debt Consolidation Plan Review

Best for Salaried Workers Seeking Loans: Maybank SaveUp Account

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You're a moderate saver in charge of the household
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$500 for Singaporeans & PR, S$1,000 for foreigners
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$2 (Waived if less than 25 years old)
  • Max Effective Interest Rate: 3.00% p.a. at S$50,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements
  • (Rate varies according to band of balance)

0.15% p.a. on 1st S$3k0.25% p.a. on next S$47k0.25% p.a. beyond S$50kProduct Bonus

  • Use at least 1 Maybank service or product,
  • ie loan, insurance, investment, credit card etc.
  • (Bonus interest based on number of products
  • & applied to entire balance, up to 1st S$50k)

+0.10% p.a. for 1 product+0.7% p.a. for 2 products+2.75% p.a. for 3+ productsMax Effective Interest Rate:3.00% p.a. (at S$50k balance)

Promotional rates, if any, are not included

Analyst's Review

This is why Maybank SaveUp Savings Account is the best in Singapore for getting loans as a salaried worker.

If you're a salaried employee thinking of taking out a car, education, home, or home renovation loan, Maybank SaveUp Savings Account can help you earn market-leading interest rates while doing so. Account holders earn at already high base rates (up to 0.2500% p.a., compared to the standard 0.05% p.a.), and can further boost their rate by engaging with Maybank financial products. Maybank offers bonuses to your savings rate if you use your account to spend in certain categories or open other products with the bank. With 5 categories and 9 qualifying products to choose from, there are many ways to achieve higher rates. The bonus increases as you add other products:

Number of Maybank products you addBonus to your savings interest rate10.10% p.a.
20.70% p.a.3 or more2.75% p.a.

Qualifying products include savings accounts (salary crediting for S$2,000 also qualifies), spending with Maybank Platinum Visa Card or Horizon Visa Signature Card, making an investment, purchasing an insurance policy or taking out a loan (includes car, home, education or renovation loan). Consumers who engage with at least 3 products can earn up to a maximum effective interest rate of 3.00% p.a., capped at a S$50,000 balance–making Maybank SaveUp a strong choice for salaried employees with moderate savings.

Learn About Other Maybank Products

  • Maybank Car Loan Review
  • Maybank Education Loan Review

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You're a moderate saver in charge of the household
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$500 for Singaporeans & PR, S$1,000 for foreigners
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$2 (Waived if less than 25 years old)
  • Max EIR: 3.00% p.a. at S$50,000 balance

Account Interest Rates

Maybank SaveUp Savings Account Interest RatesBase Rate: No requirements (rate varies according to band of balance)

  • 0.15% p.a. on 1st S$3k
  • 0.25% p.a. on next S$47k
  • 0.25% p.a. beyond S$50k

Product Bonus: Use at least 1 Maybank service or product, ie loan, insurance, investment, credit card etc. (bonus interest based on number of products & applied to entire balance, up to 1st S$50k)

  • +0.10% p.a. for 1 product
  • +0.7% p.a. for 2 products
  • +2.75% p.a. for 3+ products

Analyst's Review

This is why Maybank SaveUp Savings Account is the best in Singapore for getting loans as a salaried worker.

If you're a salaried employee thinking of taking out a car, education, home, or home renovation loan, Maybank SaveUp Savings Account can help you earn market-leading interest rates while doing so. Account holders earn at already high base rates (up to 0.25% p.a., compared to the standard 0.05% p.a.), and can further boost their rate by engaging with Maybank financial products. Maybank offers bonuses to your savings rate if you use your account to spend in certain categories or open other products with the bank. With 5 categories and 9 qualifying products to choose from, there are many ways to achieve higher rates.. The bonus increases as you add other products:

Number of Maybank products you addBonus to your savings interest rate10.10% p.a.
20.70% p.a.3 or more2.75% p.a.

Qualifying products include savings accounts (salary crediting for S$2,000 also qualifies), spending with Maybank Platinum Visa Card or Horizon Visa Signature Card, making an investment, purchasing an insurance policy or taking out a loan (includes car, home, education or renovation loan). Consumers who engage with at least 3 products can earn up to a maximum effective interest rate of 3.00% p.a., capped at a S$50,000 balance–making Maybank SaveUp a strong choice for salaried employees with moderate savings.

Learn About Other Maybank Products

  • Maybank Car Loan Review
  • Maybank Education Loan Review

Most Accessible Top Rates: UOB One Savings Account

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You're interested in a UOB credit card in addition to your savings account
  • Promotions: Win up to S$1,880 when you deposit fresh funds into an eligible UOB Savings account. Promotion ends on 31 January 2022
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$5 (No Waiver)
  • Max Effective Interest Rate: 3.60% p.a. at S$100,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase RateNo Requirements; applied to entire balance0.05% p.a.Credit Card Bonus

  • Spend S$500/month on UOB One,
  • UOB YOLO, or UOB Lady's credit card
  • (Bonus interest added to base rate)

+0.25% p.a. on the first S$75kGIRO Bonus

  • Spend min. S$500 a month on eligible UOB Card AND make 3 GIRO debit transactions
  • (Bonus rates added to base rate &
  • applied to specific band of balance)

+0.70% p.a. on first S$15k+0.80% p.a. on next S$15k+0.85% p.a. on next S$15k+0.90% p.a. on next S$15k+2.50% p.a. on next S$15kSalary Bonus

  • Spend min. S$500 on eligible UOB Card AND credit your salary via GIRO
  • (Bonus rates added to base rate &
  • applied to specific band of balance)

+1.35% p.a. on first S$15k+1.35% p.a. on next S$15k+1.45% p.a. on next S$15k+1.45% p.a. on next S$15k+2.45% p.a. on next S$15k+3.55% p.a. on next S$25kMax Effective Interest Rate:3.60% p.a. (at S$100k balance)

Promotional rates, if any, are not included

Analyst's Review

This is why UOB One Account is the best savings account in Singapore for consumers for the most accessible top rates.

UOB One is by far one of the easiest savings accounts to use for maximising your interest rate. Account holders can earn up to a 3.60% p.a. effective interest rate upon reaching a S$100,000 balance, which is notably higher than the market average. Rates are based on just 3 factors: credit card use, salary crediting, and size of current balance.


First, spending at least S$500/month with select UOB credit cards earns a bonus of 0.20% p.a. on top of the 0.05% p.a. base rate. Next, consumers who meet the credit card spend can earn an additional boost when they credit their salary or make 3+ GIRO debit transactions. Finally, boosted rates also depend on your total balance. The total is divided into bands (1st S$15,000, next S$15,000…), and each band earns at a different bonus rate. Altogether, salaried employees with a UOB credit card can easily earn competitive rates, without the need for extensive tracking. While similar accounts tend to be very complex, UOB One is a great option that doesn't require a lot of extra effort.

Learn About Other UOB Products

  • UOB One Credit Card Review
  • UOB Home Loan Review
  • UOB Funds Transfer Review

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You're interested in a UOB credit card in addition to your savings account
  • Promotions: Win up to S$1,880 when you deposit fresh funds into an eligible UOB Savings account. Promotion ends on 31 January 2022
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$5 (No Waiver)
  • Max EIR: 3.60% p.a. at S$100,000 balance

Account Interest Rates

UOB One Account Interest RatesBase Rate: No requirements (applied to entire balance)

  • 0.05% p.a.

Credit Card Bonus: Spend S$500/month on UOB One, UOB YOLO, or UOB Lady's Card (bonus interest added to base rate)

  • +0.25% p.a.

Salary/GIRO Bonus: Credit S$2k+ salary to account or make 3 GIRO debit transactions per month (bonus rates added to base rate & applied to specific band of balance)

  • +0.50% p.a. on first S$15k
  • +0.55% p.a. on next S$15k
  • +0.65% p.a. on next S$15k
  • +0.80% p.a. on next S$15k
  • +2.50% p.a. on next S$15k

Analyst's Review

This is why UOB One Account is the best savings account in Singapore for consumers for the most accessible top rates.

UOB One is by far one of the easiest savings accounts to use for maximising your interest rate. Account holders can earn up to a 2.50% p.a. effective interest rate upon reaching a S$75,000 balance, which is notably higher than the market average. Rates are based on just 3 factors: credit card use, salary crediting, and size of current balance.


First, spending at least S$500/month with select UOB credit cards earns a bonus of 0.20% p.a. on top of the 0.05% p.a. base rate. Next, consumers who meet the credit card spend can earn an additional boost when they credit their salary or make 3+ GIRO debit transactions. Finally, boosted rates also depend on your total balance. The total is divided into bands (1st S$15,000, next S$15,000…), and each band earns at a different bonus rate. Altogether, salaried employees with a UOB credit card can easily earn competitive rates, without the need for extensive tracking. While similar accounts tend to be very complex, UOB One is a great option that doesn't require a lot of extra effort.

Learn About Other UOB Products

  • UOB One Credit Card Review
  • UOB Home Loan Review
  • UOB Funds Transfer Review

Best Accounts for Consistent Savers

These savings accounts in Singapore offer high interest rates for consumers who consistently make deposits and refrain from making withdrawals for months on end.

Best for Moderate Balances & Small Increases: UOB Stash Account

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You maintain a large balance but tend to make smaller deposits
  • Promotions: Win up to S$1,880 when you deposit fresh funds into an eligible UOB Savings account. Promotion ends on 31 January 2022
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$2 (Waived for first 6 months for accounts opened online)
  • Max Effective Interest Rate: 1.00% p.a. at S$100,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements (Rate applied to balance)

0.05% p.a.Balance Increase

  • Balance is greater than previous month's
  • (Bonus interest added to base rate & applied
  • to specific bands of balance)

(base rate on 1st S$10k)+0.25% p.a. on next S$30k+0.55% p.a. on next S$30k+0.95% p.a. on next S$30kMax Effective Interest Rate:1.00% p.a. (at S$100k balance)

Promotional rates, if any, are not included

Analyst's Review

This is why UOB Stash Account is the best savings account in Singapore for consumers for moderate balances and small deposits.

If you're a young adult with moderate-to-large savings, you may want to consider UOB Stash Savings Account. This account has one of the lowest minimum age requirements on the market, at just 15 years old. In addition, it tends to offer unique promotions, such as cash or gifts for fresh funds deposits (though promotions rotate and change every few months). UOB Stash also often comes with a sign-on bonus, which is somewhat rare amongst savings accounts in Singapore.


Beyond its promotions and offerings, UOB Stash specifically rewards those who save month-on-month and have a moderate-to-large balance. Consumers earn a standard base rate of 0.05% p.a., which is then increased if the current month's balance is higher than the previous month's. While the first S$10,000 within the balance doesn't receive a boost, the next S$30,000 (up to the S$40,000 mark) earns an extra 0.25% p.a. interest. Consumers with even higher balances earn additional 0.55% bonus on the next S$30,000 (up to the $70,000 mark). Customers earn the highest additional bonus of 0.95% p.a. on the next S$30,000 (up to S$100,000). Overall, these rates add up to a potential maximum 1.00% p.a. effective interest rate, achievable by those who have a S$70,000 balance.

Ultimately, what may be UOB Stash's biggest perk is that consumers can earn bonus rates regardless of their deposit size, as long as they keep making deposits. Most accounts either reward only the incremental difference, or base their bonus rates on deposit size. As a result, this account is a great match if you're a frequent saver, even by just small amounts, and can maintain a balance of about S$50,000.

Learn About Other UOB Products

  • UOB YOLO Credit Card Review
  • UOB CashPlus Personal Line of Credit Review
  • UOB Debt Consolidation Plan Review

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You maintain a large balance but tend to make smaller deposits
  • Promotions: Win up to S$1,880 when you deposit fresh funds into an eligible UOB Savings account. Promotion ends on 31 January 2022
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$2 (Waived for first 6 months for accounts opened online)
  • Max EIR: 1.00% p.a. at S$100,000 balance

Account Interest Rates

UOB Stash SA Interest RatesBase Rate: No requirements (applied to entire balance)

  • 0.05% p.a.

Balance Increase: Balance is greater than previous month's (bonus added to base rate & applied to specific bands of balance)

  • No bonus boost on 1st S$10k
  • +0.60% p.a. on next S$40k
  • +1.00% p.a. on next S$50k

Max EIR: 1.00% p.a. (at S$100k balance)

Analyst's Review

This is why UOB Stash Account is the best savings account in Singapore for consumers for moderate balances and small deposits.

If you're a young adult with moderate-to-large savings, you may want to consider UOB Stash Savings Account. This account has one of the lowest minimum age requirements on the market, at just 15 years old. In addition, it tends to offer unique promotions, such as cash or gifts for fresh funds deposits (though promotions rotate and change every few months). UOB Stash also often comes with a sign-on bonus, which is somewhat rare amongst savings accounts in Singapore.

Beyond its promotions and offerings, UOB Stash specifically rewards those who save month-on-month and have a moderate-to-large balance. Consumers earn a standard base rate of 0.05% p.a., which is then increased if the current month's balance is higher than the previous month's. While the first S$10,000 within the balance doesn't receive a boost, the next S$40,000 (up to the S$50,000 mark) earns an extra 0.60% p.a. interest. Consumers with even higher balances earn additional 0.95% p.a. bonus on the next S$50,000 (up to S$100,000). Overall, these rates add up to a potential maximum 1.00% p.a. effective interest rate, achievable by those who have a S$50,000 balance.

Ultimately, what may be UOB Stash's biggest perk is that consumers can earn bonus rates regardless of their deposit size, as long as they keep making deposits. Most accounts either reward only the incremental difference, or base their bonus rates on deposit size. As a result, this account is a great match if you're a frequent saver, even by just small amounts, and can maintain a balance of about S$50,000.

Learn About Other UOB Products

  • UOB YOLO Credit Card Review
  • UOB CashPlus Personal Line of Credit Review
  • UOB Debt Consolidation Plan Review

Best for Consumers with Stable Budgets: POSB Save As You Earn (SAYE)

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: You can commit to long-term incremental saving & want a low-maintenance account
  • Promotions: None Currently Available
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$50
  • Fall Below Fee: N/A
  • Max Effective Interest Rate: 3.75% p.a. at any balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements; applied to total balance (varies by monthly deposit size)

0.05% p.a. if no deposit made0.05% p.a. for S$50–290 deposit0.20% p.a. for S$300–790 deposit0.25% p.a. for S$800–3k deposit0.05% p.a. for S$3k+ depositNo Withdrawals + Deposit

  • No withdrawals + deposit (Bonus interest added to base rate & applied to total balance)

+3.50% p.a.Max Effective Interest Rate:3.75% p.a. (at S$800–3k deposit)

Promotional rates, if any, are not included

Analyst's Review

This is why POSB Save As You Earn Account is the best savings account in Singapore for consumers with stable budget.

If you're interested in making automatic monthly deposits and aren't planning to make a withdrawal for the next year or so, POSB Save As You Earn Accountis an excellent match for your needs. In fact, account holders who are able to credit between S$800–S$3,000/month, without making any withdrawals, can earn an incredible 3.75% p.a.– one of the higher effective interest rates on the market.

In general, consumers earn at a base rate by depositing a fixed amount between S$50 to S$3,000/month, with the interest varying according to deposit size. Consumers can earn a bonus 3.50% p.a. if they continuously credit their account and make no withdrawals across 24 months–which is a remarkable boost by market standards. As a result, POSB SAYE is a great fit for people with consistent saving and spending habits, who regularly have a bit of excess monthly income.

Learn About Other POSB Products

  • POSB Personal Loan Review
  • POSB Renovation Loan Review

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: You can commit to long-term incremental saving & want a low-maintenance account
  • Promotions: None Currently Available
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$50
  • Fall Below Fee: N/A
  • Max EIR: 3.75% p.a. at any balance

Account Interest Rates

POSB SAYE Account Interest RatesBase Rate: No requirements (applied to entire balance)

  • 0.05% p.a. if no deposit made
  • 0.05% p.a. for S$50–290 deposit
  • 0.20% p.a. for S$300–790 deposit
  • 0.25% p.a. for S$800–3k deposit
  • 0.05% p.a. for S$3k+ deposit

No Withdrawals + Deposit: Bonus interest added to base rate and applied to entire balance

  • +3.50% p.a.

Max EIR: 3.75% p.a. (at S$800–3k deposit)

Analyst's Review

This is why POSB Save As You Earn Account is the best savings account in Singapore for consumers with stable budget.

If you're interested in making automatic monthly deposits and aren't planning to make a withdrawal for the next year or so, POSB Save As You Earn Accountis an excellent match for your needs. In fact, account holders who are able to credit between S$800–S$3,000/month, without making any withdrawals, can earn an incredible 2.05% p.a.– one of the higher effective interest rates on the market.

In general, consumers earn at a base rate by depositing a fixed amount between S$50 to S$3,000/month, with the interest varying according to deposit size. Consumers can earn a bonus 2.00% p.a. if they continuously credit their account and make no withdrawals across 24 months–which is a remarkable boost by market standards. As a result, POSB SAYE is a great fit for people with consistent saving and spending habits, who regularly have a bit of excess monthly income.

Learn About Other POSB Products

  • POSB Personal Loan Review
  • POSB Renovation Loan Review

Best for Consistent, Large Deposits: Maybank iSAVvy Plus

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You can consistently make fairly large deposits for a 6 month period
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$500
  • Minimum Average Daily Balance: S$500
  • Fall Below Fee: S$2
  • Max Effective Interest Rate: 1.56% p.a. at S$50,000+ balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements (Rate varies
  • according total balance amt)

0.1875% p.a. if < S$5k0.30% p.a. if S$5k–below S$50k0.38% p.a. if S$50k+Consistent Increase

  • Monthly deposit + no withdrawals
  • for 6 mo (Bonus interest applied to
  • incremental increase only)

1.56% p.a. (on increase)Max Effective Interest Rate:1.94% p.a. (at S$50k balance)

Promotional rates, if any, are not included

Analyst's Review

This is why Maybank iSAVvy Plus Savings Account is the best in Singapore for consumers for consistent large deposits.

Maybank iSAVvy Plus Savings Account is another great option for consistent savers who aren't likely to make a withdrawal for at least 6 months. Unlike its closest competitor, MB iSAVvy Plus rewards its base interest rate according to the average daily balance size, rather than the monthly deposit size. Base rates are also very competitive, peaking at 0.38% p.a. for balances of S$50,000+. This is beneficial for some, as consumers with higher balances will earn at higher base rates, even if their monthly deposit is smaller.


On the other hand, MB iSAVvy Plus's bonus structure does incentivise large monthly deposits. Consumers who manage to consistently increase their month-on-month balance for 6 months, with no withdrawals, earn 1.56% p.a. bonus interest, but just on the incremental gains (not the entire balance). In this way, those that make larger deposits will significantly boost their final effective interest rate.

Learn About Other Maybank Products

  • Maybank World MasterCard Review
  • Maybank Fund Transfer Review

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: You can consistently make fairly large deposits for a 6 month period
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$500
  • Minimum Average Daily Balance: S$500
  • Fall Below Fee: S$2
  • Max EIR: 1.56% p.a. at S$50,000+ balance

Account Interest Rates

Maybank iSAVvy Plus Savings Account Interest RatesBase Rate: No requirements (rate varies according to balance size)

  • 0.1875% p.a. if < S$5k
  • 0.30% p.a. if S$5k–below S$50k
  • 0.38% p.a. if S$50k+

Consistent Increase: Monthly deposit + no withdrawals for 6 mo (bonus rate applied to incremental increase only)

  • 1.56% p.a. (on increase)

Analyst's Review

This is why Maybank iSAVvy Plus Savings Account is the best in Singapore for consumers for consistent large deposits.

Maybank iSAVvy Plus Savings Account is another great option for consistent savers who aren't likely to make a withdrawal for at least 6 months. Unlike its closest competitor, MB iSAVvy Plus rewards its base interest rate according to the average daily balance size, rather than the monthly deposit size. Base rates are also very competitive, peaking at 0.38% p.a. for balances of S$50,000+. This is beneficial for some, as consumers with higher balances will earn at higher base rates, even if their monthly deposit is smaller.

On the other hand, MB iSAVvy Plus's bonus structure does incentivise large monthly deposits. Consumers who manage to consistently increase their month-on-month balance for 6 months, with no withdrawals, earn 1.56% p.a. bonus interest, but just on the incremental gains (not the entire balance). In this way, those that make larger deposits will significantly boost their final effective interest rate.

Learn About Other Maybank Products

  • Maybank World MasterCard Review
  • Maybank Fund Transfer Review

Flexible Rewards for Consistent Savers: OCBC Bonus+

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: You make inconsistent deposits but want a boost when you grow your balance
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$5,000
  • Minimum Average Daily Balance: S$3,000
  • Fall Below Fee: S$2
  • Max Effective Interest Rate: 2.80% p.a. at any balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No Requirements; applied to entire balance

0.05% p.a.No Withdrawals

  • No withdrawals during month (Bonus interest
  • added to base rate & applied to entire balance)

+2.0% p.a.Extra Deposit

  • No withdrawals + deposit at least S$500
  • (Bonus interest added to base rate & applied
  • to entire balance)

+0.75% p.a.Max Effective Interest Rate:2.80% p.a. (any balance size)

Promotional rates, if any, are not included

Analyst's Review

This is why OCBC Bonus+ Savings Account is the best in Singapore for consumers for consistent savers.

Consumers who often contribute to their savings accounts–but can't guarantee they won't make a withdrawal for months at a time–may be best-suited to OCBC Bonus+ Savings Account. Account holders earn 0.05% p.a. base interest, plus a 2.00% p.a. boost when they don't make a withdrawal that month. Consumers can also earn an extra 0.75% p.a. when they make a S$500+ deposit as well–adding up to a total potential 2.80% p.a. effective interest rate, at any balance size.


OCBC Bonus+ is unique for two reasons. First, the bonus criteria applies to month-to-month behavior, rather than requiring 6+ months of growth with no withdrawals. Second, this is one of the few savings accounts where consumers can achieve the maximum effective interest rate regardless of balance size. As a result, OCBC Bonus+ Savings Account is one of the most flexible options for consistent savers on the market.

Learn About Other OCBC Products

  • OCBC (Great Eastern) MaidGR8 Insurance Review
  • OCBC Car Loan Review

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: You make inconsistent deposits but want a boost when you grow your balance
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$5,000
  • Minimum Average Daily Balance: S$3,000
  • Fall Below Fee: S$2
  • Max EIR: 2.80% p.a. at any balance

Account Interest Rates

OCBC Bonus+ Savings Account Interest RatesBase Rate: No requirements (applied to entire balance)

  • 0.05% p.a.

No Withdrawals: No withdrawals during month (bonus interest added to base rate & applied to entire balance)

  • +2.00% p.a.

Extra Deposit: No withdrawals + deposit at least S$500 (bonus interest added to base rate & applied to entire balance)

  • +0.75% p.a.

Analyst's Review

This is why OCBC Bonus+ Savings Account is the best in Singapore for consumers for consistent savers.

Consumers who often contribute to their savings accounts–but can't guarantee they won't make a withdrawal for months at a time–may be best-suited to OCBC Bonus+ Savings Account. Account holders earn 0.05% p.a. base interest, plus a 0.10% p.a. boost when they don't make a withdrawal that month. Consumers can also earn an extra 0.25% p.a. when they make a S$500+ deposit as well–adding up to a total potential 0.40% p.a. effective interest rate, at any balance size.

OCBC Bonus+ is unique for two reasons. First, the bonus criteria applies to month-to-month behavior, rather than requiring 6+ months of growth with no withdrawals. Second, this is one of the few savings accounts where consumers can achieve the maximum effective interest rate regardless of balance size. As a result, OCBC Bonus+ Savings Account is one of the most flexible options for consistent savers on the market.

Learn About Other OCBC Products

  • OCBC (Great Eastern) MaidGR8 Insurance Review
  • OCBC Car Loan Review

Best for Beginners with Stable Budgets: OCBC Monthly Savings Account

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

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  • Consider if: For people with not much capital but wants to start saving

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$500
  • Fall Below Fee: S$2 (Waived the 1st year)
  • Max Effective Interest Rate: 0.10% p.a. at any balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No Requirements; applied to entire balance

0.05% p.a.No Withdrawals + Deposit

  • No withdrawals + deposit at least S$50
  • (Bonus interest added to base rate & applied to
  • entire balance)

+0.05% p.a.Max Effective Interest Rate:0.10% p.a. at any balance size

Promotional rates, if any, are not included

Analyst's Review

This is why OCBC Monthly Savings Account is the best in Singapore for consumers for beginners with stable budgets.

OCBC Monthly Savings Account is perhaps the most straightforward account rewarding incremental growth–which makes it a great option for beginners seeking simplicity. Account holders earn at a standard base rate of 0.05% p.a., but can earn additional 0.05% p.a. boost if they don't make a withdrawal and deposit at least S$50 for the month. This qualifying deposit size is quite small, making OCBC MSA a more accessible version of OCBC Bonus+ (which offers a higher bonus, but requires at least a S$500 deposit). The account also has a low minimum age requirement of just 16 years old, has no initial deposit requirement, and has a very low minimum balance requirement of just S$500. Overall, these features make OCBC MSA a great option for younger savers seeking simplicity, while still offering a respectable 0.10% p.a. maximum effective interest rate.


Learn About Other OCBC Products

  • OCBC Cashflo Credit Card Review
  • OCBC ExtraCash Personal Loan Review

What bank has a high yield savings account

Learn More

What bank has a high yield savings account

Learn More

  • Consider if: For people with not much capital but wants to start saving

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$500
  • Fall Below Fee: S$2 (Waived the 1st year)
  • Max EIR: 0.10% p.a. at any balance

Account Interest Rates

OCBC MSA Interest RatesBase Rate: No requirements (applied to entire balance)

  • 0.05% p.a.

No Withdrawals + Deposit: No withdrawals + deposit of at least S$50 (bonus added to base rate & applied to entire balance)

  • +0.05% p.a.

Max EIR: 0.10% p.a. at any balance size

Analyst's Review

This is why OCBC Monthly Savings Account is the best in Singapore for consumers for beginners with stable budgets.

OCBC Monthly Savings Account is perhaps the most straightforward account rewarding incremental growth–which makes it a great option for beginners seeking simplicity. Account holders earn at a standard base rate of 0.05% p.a., but can earn additional 0.05% p.a. boost if they don't make a withdrawal and deposit at least S$50 for the month. This qualifying deposit size is quite small, making OCBC MSA a more accessible version of OCBC Bonus+ (which offers a higher bonus, but requires at least a S$500 deposit). The account also has a low minimum age requirement of just 16 years old, has no initial deposit requirement, and has a very low minimum balance requirement of just S$500. Overall, these features make OCBC MSA a great option for younger savers seeking simplicity, while still offering a respectable 0.10% p.a. maximum effective interest rate.


Learn About Other OCBC Products

  • OCBC Cashflo Credit Card Review
  • OCBC ExtraCash Personal Loan Review

Best Simple & Easy Savings Accounts in Singapore

Not all savings accounts in Singapore are complex – the following options offer great interest rates without any additional qualifications or requirements.

Top Base Interest Rates: CIMB FastSaver Savings Account

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You want a simple account with top interest rates
  • Promotions: Chance to win a Round the World Trip (inc. flights, accommodation & travel allowance)

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: N/A
  • Fall Below Fee: N/A
  • Max Effective Interest Rate: 4.20% p.a. at S$10,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements
  • (Rate varies according to band of balance)

1.50% p.a. on 1st S$25k2.50% p.a. on next S$25k3.50% p.a. on next S$25k0.80% p.a. beyond S$70kFast Saver + Visa Signature

  • min. S$300 card spend per statement month

2.20% p.a. on 1st S$10kFast Saver + Investment/Insurance

  • No requirements

3.50% p.a. on 1st S$10kFastSaver + Visa Signature + Investment/Insurance

  • min. S$300* card spend per statement month

4.20% p.a. on 1st S$10kMax Effective Interest Rate:4.20% p.a. (at S$10k balance)

Promotional rates, if any, are not included

Analyst's Review

This is why CIMB FastSaver Savings Account is the best in Singapore for consumers for top base interest rates.

No product on the market offers higher base interest rates than CIMB FastSaver Savings Account, which is also exceptionally easy to use. Base rates are tiered according to bands within the balance size; the 1st S$25,000 of the balance earns 1.50% p.a. interest, the next S$25,000 earns 2.50% p.a., the following S$25,000 earns 3.50% p.a., and any remaining amount earns 0.80% p.a.

CIMB FastSaver offers a bonus on the first S$10,000 deposited. You are able to earn up to 4.20% if you spend a minimum of S$300 on your CIMB Visa Signiture card and apply for a CIMB investment or insurance product.

This account is also very low maintenance as there are no fall below fees (though only balances of S$1,000 or more will earn interest). This makes CIMB FastSaver an exceptional option for those who want high rates but also value simplicity.

Learn About Other CIMB Products

  • Best CIMB Credit Cards
  • CIMB Home Renovation Loan Review

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You want a simple account with top interest rates
  • Promotions: Chance to win a Round the World Trip (inc. flights, accommodation & travel allowance)

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: N/A
  • Fall Below Fee: N/A
  • Max EIR: 4.20% p.a. at S$10,000 balance

Account Interest Rates

CIMB FastSaver SA Interest RatesBase Rate: No requirements (rate varies according to band of balance)

  • 1.50% p.a. on 1st S$25k
  • 2.50% p.a. on next S$25k
  • 3.50% p.a. on next S$25k
  • 0.80% p.a. beyond S$75k

Max EIR: 4.20% p.a. (at S$10k balance)

Analyst's Review

This is why CIMB FastSaver Savings Account is the best in Singapore for consumers for top base interest rates.

No product on the market offers higher base interest rates than CIMB FastSaver Savings Account, which is also exceptionally easy to use. Base rates are tiered according to bands within the balance size; the 1st S$25,000 of the balance earns 1.50% p.a. interest, the next S$25,000 earns 2.50% p.a., the following S$25,000 earns 3.50% p.a., and any remaining amount earns 0.80% p.a.

CIMB FastSaver offers a bonus on the first S$10,000 deposited. You are able to earn up to 4.20% if you spend a minimum of S$300 on your CIMB Visa Signiture card and apply for a CIMB investment or insurance product.

This account is also very low maintenance as there are no fall below fees (though only balances of S$1,000 or more will earn interest). This makes CIMB FastSaver an exceptional option for those who want high rates but also value simplicity.

Learn About Other CIMB Products

  • Best CIMB Credit Cards
  • CIMB Home Renovation Loan Review

High Base Rates for Modest Balances: RHB High Yield Savings Account

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You can maintain a moderate balance between S$10k–S$100k

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$0
  • Max Effective Interest Rate: 1.50% p.a. at S$100,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements (Rate varies according to
  • band of balance)

1.20% p.a. on 1st S$50k1.30% p.a. on next S$25k1.40% p.a. on next S$25k1.50% p.a. beyond S$100kMax Effective Interest Rate:1.50% p.a. (at S$100k balance)

Promotional rates, if any, are not included

Analyst's Review

This is why RHB High Yield Savings Account is the best in Singapore for consumers for modest balances.

RHB High Yield Savings Account is one of the simplest options on the market, making it a great for people who just want to deposit and earn without any extra effort or concentration. Consumers earn based on bands within their total balance. The 1st S$50,000 within a balance earns 1.20% p.a., the next S$25,000 at 1.30% p.a., the following S$25,000 at 1.40% p.a. and any remaining amount beyond S$100k earns 1.50% p.a.

There is a minimum initial deposit requirement of S$1,000 and no monthly fall below fee. Overall, RHB High Yield is the best savings account for those with moderate to large balances who also prioritise simplicity.

Learn About Other RHB Products

  • RHB Renovation Loan Review
  • RHB Education Loan Review

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You can maintain a moderate balance between S$10k–S$100k

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$0
  • Max EIR: 1.50% p.a. at S$100,000 balance

Account Interest Rates

RHB High Yield SA Interest RatesBase Rate: No requirements (rate varies according to band of balance)

  • 1.20% p.a. on 1st S$50k
  • 1.20% p.a. on next S$25k
  • 1.40% p.a. on next S$25k
  • 1.50% p.a. beyond S$100k

Max EIR: 1.50% p.a. (at S$100k balance)

Analyst's Review

This is why RHB High Yield Savings Account is the best in Singapore for consumers for modest balances.

RHB High Yield Savings Account is one of the simplest options on the market, making it a great for people who just want to deposit and earn without any extra effort or concentration. Consumers earn based on bands within their total balance. The 1st S$50,000 within a balance earns 1.20% p.a., the next S$25,000 at 1.30% p.a., the following S$25,000 at 1.40% p.a. and any remaining amount beyond S$100k earns 1.50% p.a.

There is a minimum initial deposit requirement of S$1,000 and no monthly fall below fee. Overall, RHB High Yield is the best savings account for those with moderate to large balances who also prioritise simplicity.

Learn About Other RHB Products

  • RHB Renovation Loan Review
  • RHB Education Loan Review

Best Low-Risk, Low-Maintenance Account for Beginners: CIMB StarSaver Savings Account

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You're a young professional seeking a starter account
  • Promotions: Chance to win a Round the World Trip (inc. flights, accommodation & travel allowance)

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: N/A
  • Fall Below Fee: N/A
  • Max Effective Interest Rate: 3.50% p.a. at S$250,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements (Rate varies according to
  • band of balance)

  • 1.50% p.a. on 1st S$100k
  • 2.50% p.a. on next S$150k
  • 3.50% p.a. beyond S$250k

Max Effective Interest Rate:3.50% p.a. (at above S$250k balance)

Promotional rates, if any, are not included

Analyst's Review

This is why CIMB StarSaver is the best savings account in Singapore for consumers for low risk and low maintenance.

If you're looking to open your first savings account, CIMB StarSaver is an incredible option, with a straightforward interest structure and very few requirements. In fact, this account has a minimum age requirement of just 16 years old, and has no minimum balance requirement (though only balances of S$1,000 or higher will earn interest).

In terms of interest, account holders earn 1.50% p.a. on the first S$100k balance, 2.50% p.a. on the next S$150k and 3.50% p.a. beyond S$250k. The interest rates are based on account balance and there are no bonus interest rates for you to take note of. Overall, CIMB StarSaver is an excellent match for beginners looking for a low-maintenance and low-risk account.


Learn About Other CIMB Products

  • CIMB Bank Debt Consolidation Plan Review
  • CIMB Bank Education Loan Review

What bank has a high yield savings account

What bank has a high yield savings account

  • Consider if: You're a young professional seeking a starter account
  • Promotions: Chance to win a Round the World Trip (inc. flights, accommodation & travel allowance)

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: N/A
  • Fall Below Fee: N/A
  • Max EIR: 3.50% p.a. at S$250,000 balance

Account Interest Rates

CIMB StarSaver SA Interest RatesBase Rate: No requirements (Rate varies according to band of balance)

  • 1.50% p.a. on 1st S$100k
  • 2.50% p.a. on next S$150k
  • 3.50% p.a. beyond S$250k

No requirements (applies to entire balance)

  • 0.80% p.a. on entire balance

Max EIR: 3.50% p.a. (at above S$250k balance)

Analyst's Review

This is why CIMB StarSaver is the best savings account in Singapore for consumers for low risk and low maintenance.

If you're looking to open your first savings account, CIMB StarSaver is an incredible option, with a straightforward interest structure and very few requirements. In fact, this account has a minimum age requirement of just 16 years old, and has no minimum balance requirement (though only balances of S$1,000 or higher will earn interest).

In terms of interest, account holders earn 1.50% p.a. on the first S$100k balance, 2.50% p.a. on the next S$150k and 3.50% p.a. beyond S$250k. The interest rates are based on account balance and there are no bonus interest rates for you to take note of. Overall, CIMB StarSaver is an excellent match for beginners looking for a low-maintenance and low-risk account.

Learn About Other CIMB Products

  • CIMB Bank Debt Consolidation Plan Review
  • CIMB Bank Education Loan Review

Best for Frequent Travelers: HSBC Everyday Global Account

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: you transact with overseas currencies frequently (Especially with Chinese Yuan).
  • Promotions: Earn up to 5.35% p.a. interest with HSBC Everyday Global (Personal Banking) Account, which consist of 0.05% base interest, 4.3% bonus interest, and 1% Everyday+ bonus interest
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$100 or equivalent
  • Minimum Average Daily Balance: S$2,000
  • Fall Below Fee: S$5
  • Max Effective Interest Rate: 5.35% p.a. at any balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements; applied to SGD balance

0.05% p.a.Bonus Interest Rate4.3% p.a.Everyday+ Rewards1% p.a.

Analyst's Review

This is why HSBC Everyday Global Account is the best savings account in Singapore for frequent travelers.

If you're someone that travels often to overseas, or transact transfer foreign currencies often, HSBC Everyday Global Account may be the best option for you. Consumers are provided with 9 foreign currencies to transact in, all without any FX fees involved for retail spending or international ATM withdrawal with the HSBC Everyday Global Debit Card.

Using the HSBC Singapore App, you can transfer and receive money internationally with the HSBC Global Money Transfers to over 50 countries/territories like a local, and over 200 countries using SWIFT, China via UnionPay cards issued in Mainland China (only from non-RMB account), as well as instantly to other third-party HSBC bank accounts, all fee-free. You can also make FX transactions with real-time rates under the Online GetRate feature.


Learn About Other HSBC Products

  • Best HSBC Credit Cards 2022
  • HSBC Debt Consolidation Plan Review
  • HSBC Personal Loan Review: Cheapest in the Market?

What bank has a high yield savings account

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What bank has a high yield savings account

Learn More

  • Consider if: you transact with overseas currencies frequently (Especially with Chinese Yuan).
  • Promotions: Earn up to 5.35% p.a. interest with HSBC Everyday Global (Personal Banking) Account, which consist of 0.05% base interest, 4.3% bonus interest, and 1% Everyday+ bonus interest
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$100 or equivalent
  • Minimum Average Daily Balance: S$2,000
  • Fall Below Fee: S$5
  • Max EIR: 5.35% p.a. at any balance

Account Interest Rates

HSBC Everyday Global Account Interest RatesBase Rate: No requirements (applies to entire balance)

  • 0.05% p.a. on entire SGD balance

Bonus Interest Rate: 4.3% p.a.Everyday+ Rewards: 1% p.a.

Analyst's Review

This is why HSBC Everyday Global Account is the best savings account in Singapore for frequent travelers.

If you're someone that travels often to overseas, or transact transfer foreign currencies often, HSBC Everyday Global Account may be the best option for you. Consumers are provided with 9 foreign currencies to transact in, all without any FX fees involved for retail spending or international ATM withdrawal with the HSBC Everyday Global Debit Card.

Using the HSBC Singapore App, you can transfer and receive money internationally with the HSBC Global Money Transfers to over 50 countries/territories like a local, and over 200 countries using SWIFT, China via UnionPay cards issued in Mainland China (only from non-RMB account), as well as instantly to other third-party HSBC bank accounts, all fee-free. You can also make FX transactions with real-time rates under the Online GetRate feature.

Learn About Other HSBC Products

  • Best HSBC Credit Cards 2022
  • HSBC Debt Consolidation Plan Review
  • HSBC Personal Loan Review: Cheapest in the Market?

Straightforward Rates with Rewards for Growth: Standard Chartered e$aver Savings Account

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You want a simple account with no initial deposit requirement
  • Promotions: Earn 1.95% p.a. bonus interest on eligible incremental balance with deposit of fresh funds

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$5
  • Max Effective Interest Rate: 0.50% p.a. at S$1,000,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase RateNo requirements; applied at entire balance0.05% p.a.Max Effective Interest Rate:2.00% p.a. (at S$1,000,000 balance)

Promotional rates, if any, are not included

Analyst's Review

This is why Standard Chartered e$Saver Savings Account is the best in Singapore for getting growth rewards when saving and having straightforward rates.

One option for consumers who want an easy to use account is Standard Chartered e$Saver Savings Account. As with similar alternatives, this account rewards a base interest rate of 0.05% regardless of account balance. There's no initial deposit requirement, but there is a S$1,000 minimum balance requirement and a sizable S$5/month fall below fee.

While these rates aren't particularly impressive, SC e$aver Savings Account often offers promotions that boost its value. Consumers are incentivised to make large deposits into their accounts, as any incremental increases in their balance from month-to-month will earn an extra boost. These funds must be "fresh"–contributed from an outside source, rather than transferred within the Standard Chartered banking system, and it's important to reiterate that this bonus applies to the increase only (not to the entire balance). Nonetheless, this promotion is great for account holders who are capable of making large deposits over the next few months.

Learn About Other Standard Chartered Products

  • Best Standard Chartered Credit Cards
  • Standard Chartered CashOne Personal Loan Review
  • Standard Chartered Funds Transfer Review

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You want a simple account with no initial deposit requirement
  • Promotions: Earn 1.95% p.a. bonus interest on eligible incremental balance with deposit of fresh funds

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$5
  • Max EIR: 0.50% p.a. at S$1,000,000 balance

Account Interest Rates

SC e$aver Interest RatesBase Rate: No requirements; applied at entire balance 0.0.5% p.a.Max EIR: 2.00% p.a. (at S$1,000,000 balance)

Analyst's Review

This is why Standard Chartered e$Saver Savings Account is the best in Singapore for getting growth rewards when saving and having straightforward rates.

One option for consumers who want an easy to use account is Standard Chartered e$Saver Savings Account. As with similar alternatives, this account rewards a base interest rate of 0.05% regardless of account balance. There's no initial deposit requirement, but there is a S$1,000 minimum balance requirement and a sizable S$5/month fall below fee.

While these rates aren't particularly impressive, SC e$aver Savings Account often offers promotions that boost its value. Consumers are incentivised to make large deposits into their accounts, as any incremental increases in their balance from month-to-month will earn an extra boost. These funds must be "fresh"–contributed from an outside source, rather than transferred within the Standard Chartered banking system, and it's important to reiterate that this bonus applies to the increase only (not to the entire balance). Nonetheless, this promotion is great for account holders who are capable of making large deposits over the next few months.

Learn About Other SC Products

  • Best Standard Chartered Credit Cards
  • Standard Chartered CashOne Personal Loan Review
  • Standard Chartered Funds Transfer Review

Respectable Rates for 15 Year Olds: Bank of China Passbook Savings Account

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You want a straightforward account with higher-than-standard base rates

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$2,000
  • Fall Below Fee: S$2
  • Max Effective Interest Rate: 0.20% p.a. at S$100,000+ balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements (Rate varies w/ balance size)

0.10% p.a. if < S$5k0.10% p.a. if S$5k–below S$20k0.15% p.a. if S$20k–below S$50k0.15% p.a. if S$50k–below S$100k0.20% p.a. if S$100k+Max Effective Interest Rate:0.20% p.a. (at S$100k+ balance)

Promotional rates, if any, are not included

Analyst's Review

This is why Bank of China Passbook Savings Account is the best in Singapore for teenagers above 15 years old.

Another simple and easy option worth considering is Bank of China Passbook Savings Account. There are no boost or bonus rates, but consumers can still earn elevated base rates for nearly all balance sizes. Base rates increase for larger balance sizes, up to 0.20% p.a. for those with balances of S$100,000 and up However, while this rate is much higher than the standard base rate of 0.05% p.a., consumers can enjoy higher rates with equal simplicity elsewhere.

It's also worth mentioning that while the 15 year old minimum age requirement is one of the lowest on the market, young consumers won't benefit unless they're quite responsible. Unlike other accounts appealing to young adults, BOC Passbook has a S$1,000 minimum balance requirement and charges a S$2/month fall below fee. While this may seem insignificant, consider this–a S$8,000 balance earns less than S$2/month, so a fall below fee would actually have a net cost.

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You want a straightforward account with higher-than-standard base rates

Details & Requirements

  • Minimum Initial Deposit: S$1,000
  • Minimum Average Daily Balance: S$2,000
  • Fall Below Fee: S$2
  • Max EIR: 0.20% p.a. at S$100,000+ balance

Account Interest Rates

BOC Passbook Interest RatesBase Rate: No requirements (rate varies w/ balance size)

  • 0.10% p.a. if below S$5k
  • 0.10% p.a. if S$5k–below S$20k
  • 0.15% p.a. if S$20k–below S$50k
  • 0.15% p.a. if S$50k–below S$100k
  • 0.20% p.a. if S$100k+

Max EIR: 0.20% p.a. (at S$100k+ balance)

Analyst's Review

This is why Bank of China Passbook Savings Account is the best in Singapore for teenagers above 15 years old.

Another simple and easy option worth considering is Bank of China Passbook Savings Account. There are no boost or bonus rates, but consumers can still earn elevated base rates for nearly all balance sizes. Base rates increase for larger balance sizes, up to 0.20% p.a. for those with balances of S$100,000 and up However, while this rate is much higher than the standard base rate of 0.05% p.a., consumers can enjoy higher rates with equal simplicity elsewhere.

It's also worth mentioning that while the 15 year old minimum age requirement is one of the lowest on the market, young consumers won't benefit unless they're quite responsible. Unlike other accounts appealing to young adults, BOC Passbook has a S$1,000 minimum balance requirement and charges a S$2/month fall below fee. While this may seem insignificant, consider this–a S$8,000 balance earns less than S$2/month, so a fall below fee would actually have a net cost.

Appealing Option for Foreign Workers: Maybank Passbook Savings Account

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You're a foreign worker in Singapore

Details & Requirements

  • Minimum Initial Deposit: S$500 for Singaporeans & PR, S$500 for Malaysians w/ work permits, S$1,000 for foreigners and S$0 for foreigners w/ work permits
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$2 for Singaporeans & PR, S$5 for foreigners
  • Max Effective Interest Rate: 0.25% p.a. at S$50,000+ balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements
  • (Rate varies according to band of balance)

0.1875% p.a. on 1st S$50k0.25% p.a. beyond S$50kMax Effective Interest Rate:~0.23% p.a. (at S$200k+ balance)

Max EIR continues to increase towards 0.25% p.a. as balance size increases, though rate of increase slows exponentially. Max EIR reaches 0.249% p.a. when the balance reaches S$2.5 million. Promotional rates, if any, are not included

Analyst's Review

This is why Maybank Passbook Savings Account is the best in Singapore for consumers for foreign workers.

Maybank Passbook Savings Account is remarkably simple in terms of its interest rates structure, but has a few unique features when considering eligibility. To begin with, savings earn interest according to tiers within the balance. In other words, the 1st S$50,000 of a balance earns at 0.1875% p.a. interest, and any remaining balance beyond S$50,000 earns 0.25% p.a. In terms of eligibility, there's a bit of unusual variation.

There is an initial deposit requirement, but it varies by applicant type. Singaporeans & PR and Malaysians with a work permit must deposit S$500 upon opening an account; foreigners must deposit S$1,000, but foreigners with a work permit do not need to make an initial deposit at all. While this may seem to favor foreign workers, fall below fees are actually stricter for foreigners. Singaporeans & PR face a S$2/month fee, while foreigners are charged S$5/month. As a result, this is a worthwhile account for foreign workers who have trouble qualifying elsewhere, as long as they can reliably maintain the minimum required balance of S$1,000.

Learn About Other Maybank Products

  • Maybank CreditAble Personal Term Loan Review
  • Maybank Debt Consolidation Plan Review

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You're a foreign worker in Singapore

Details & Requirements

  • Minimum Initial Deposit: S$500 for Singaporeans & PR, S$500 for Malaysians w/ work permits, S$1,000 for foreigners and S$0 for foreigners w/ work permits
  • Minimum Average Daily Balance: S$1,000
  • Fall Below Fee: S$2 for Singaporeans & PR, S$5 for foreigners
  • Max EIR: 0.25% p.a. at S$50,000+ balance

Account Interest Rates

MB Passbook Interest RatesBase Rate: No requirements (rate varies according to band of balance)

  • 0.1875% p.a. on 1st S$50k
  • 0.2500% p.a. beyond S$50k

Max EIR: ~0.23% p.a. (at S$200k+ balance)

Max EIR continues to increase towards 0.25% p.a. as balance size increases, though rate of increase slows exponentially. Max EIR reaches 0.249% p.a. when the balance reaches S$2.5M

Analyst's Review

This is why Maybank Passbook Savings Account is the best in Singapore for consumers for foreign workers.

Maybank Passbook Savings Account is remarkably simple in terms of its interest rates structure, but has a few unique features when considering eligibility. To begin with, savings earn interest according to tiers within the balance. In other words, the 1st S$50,000 of a balance earns at 0.1875% p.a. interest, and any remaining balance beyond S$50,000 earns 0.25% p.a. In terms of eligibility, there's a bit of unusual variation.

There is an initial deposit requirement, but it varies by applicant type. Singaporeans & PR and Malaysians with a work permit must deposit S$500 upon opening an account; foreigners must deposit S$1,000, but foreigners with a work permit do not need to make an initial deposit at all. While this may seem to favor foreign workers, fall below fees are actually stricter for foreigners. Singaporeans & PR face a S$2/month fee, while foreigners are charged S$5/month. As a result, this is a worthwhile account for foreign workers who have trouble qualifying elsewhere, as long as they can reliably maintain the minimum required balance of S$1,000.

Learn About Other Maybank Products

  • Maybank CreditAble Personal Term Loan Review
  • Maybank Debt Consolidation Plan Review

Best Accounts with No Fees & No Minimum Balance

Looking for a low-maintenance option without fees or minimum balance requirements, these savings accounts in Singapore are definitely worth considering.

Low-Risk Starter Account for Young Adults: OCBC Frank Savings Account

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You're a young adult looking for a starter account without fees or requirements
  • Promotions: 1% unlimited cash back on selected transport, online merchants, convenience stores and transport
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$0 if younger than 26 years old, S$1,000 for 26+
  • Fall Below Fee: 0S$ if below 26 years old, S$2 (Waived if less than 26 years old)
  • Max Effective Interest Rate: 0.20% p.a. at S$50,000 balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements
  • (Rate varies according to band of balance)

0.10% p.a. on 1st S$25k0.20% p.a. on next S$25k0.05% p.a. above S$50kMax Effective Interest Rate:0.20% p.a. (at S$50k balance)

Promotional rates, if any, are not included

Analyst's Review

This is why OCBC Frank Savings Account is the best in Singapore for consumers for young adults.

OCBC Frank Savings Account is a great option for young adults who want to earn at competitive interest rates, but don't want to worry about extra fees. To begin with, it's especially easy to qualify for, and get started with, an OCBC Frank account. In fact, consumers as young as 16 years old can apply–which is notably younger than the 18 year old standard. In addition, there's no minimum income or salary requirement, which further lowers the barrier to entry. Finally, there's no initial deposit requirement; many banks require an initial deposit of at least S$500.

OCBC Frank Savings Account stands out as especially great for young adults because those under 26 years old are exempt from virtually all fees and minimums. Not only is there no initial deposit requirements, there also aren't any monthly service fees or "fall below fees." Essentially, this means young account holders do not have a minimum balance requirement, which is quite rare–nearly all banks require all account holders to maintain a daily balance of S$500–S$5,000.

It's worth mentioning, however, that adult OCBC Frank account holders (aged 26+) aren't exempt from a minimum requirement balance. In fact, a minimum balance of S$1,000 is required. Nonetheless, falling below this minimum incurs just a S$2 monthly service fee. For small balance sizes (less than S$12,000), this could mean cancelling out all interest earned (and more), but for larger balances, this fee would have less of an impact. Still, OCBC Frank is expressly structured to benefit young adults, and is best suited to young savers.

Learn About Other OCBC Products

  • OCBC Frank Credit Card Review
  • OCBC Frank Education Loan Review

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  • Consider if: You're a young adult looking for a starter account without fees or requirements
  • Promotions: 1% unlimited cash back on selected transport, online merchants, convenience stores and transport
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$0 if younger than 26 years old, S$1,000 for 26+
  • Fall Below Fee: 0S$ if below 26 years old, S$2 (Waived if less than 26 years old)
  • Max EIR: 0.20% p.a. at S$50,000 balance

Account Interest Rates

OCBC Frank Interest RatesBase Rate: No requirements (varies according to band of balance)

  • 0.10% p.a. on 1st S$25k
  • 0.20% p.a. on next S$25k
  • 0.05% p.a. above S$50k

Max EIR: 0.20% p.a. (at S$50k balance)

Analyst's Review

This is why OCBC Frank Savings Account is the best in Singapore for consumers for young adults.

OCBC Frank Savings Account is a great option for young adults who want to earn at competitive interest rates, but don't want to worry about extra fees. To begin with, it's especially easy to qualify for, and get started with, an OCBC Frank account. In fact, consumers as young as 16 years old can apply–which is notably younger than the 18 year old standard. In addition, there's no minimum income or salary requirement, which further lowers the barrier to entry. Finally, there's no initial deposit requirement; many banks require an initial deposit of at least S$500.

OCBC Frank Savings Account stands out as especially great for young adults because those under 26 years old are exempt from virtually all fees and minimums. Not only is there no initial deposit requirements, there also aren't any monthly service fees or "fall below fees." Essentially, this means young account holders do not have a minimum balance requirement, which is quite rare–nearly all banks require all account holders to maintain a daily balance of S$500–S$5,000.

It's worth mentioning, however, that adult OCBC Frank account holders (aged 26+) aren't exempt from a minimum requirement balance. In fact, a minimum balance of S$1,000 is required. Nonetheless, falling below this minimum incurs just a S$2 monthly service fee. For small balance sizes (less than S$12,000), this could mean cancelling out all interest earned (and more), but for larger balances, this fee would have less of an impact. Still, OCBC Frank is expressly structured to benefit young adults, and is best suited to young savers.

Learn About Other OCBC Products

  • OCBC Frank Credit Card Review
  • OCBC Frank Education Loan Review

Option for Low Income & Full-Time NSF: POSB Everyday Savings Account

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What bank has a high yield savings account

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  • Consider if: You're a low-income adult looking to open a savings account
  • Promotions: None currently available
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$500
  • Fall Below Fee: S$2 (Waived if less than 21 or greater than 60 years old, recipient of public assistant, full-time National Service man or if it’s the applicant's 1st account with POSB)
  • Max Effective Interest Rate: 0.05% p.a. at any balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements

0.05% p.a. on entire balanceMax Effective Interest Rate:0.05% p.a. (at any balance)

Promotional rates, if any, are not included

Analyst's Review

This is why POSB Everyday Savings Account is the best in Singapore for consumers for low income and young NSF.

POSB Everyday Savings Account is one of the most accessible accounts on the market, especially for individuals who are either unsalaried or not working full-time. The account is open to individuals as young as 16 years old, and there's no minimum initial deposit requirement, which makes it easier to get started. What stands out most, however, is that a variety of groups are exempt from fall-below fees (or in other words, are not held to a daily minimum balance requirement). Individuals below 21 years old, above 60 years old, recipients of public assistance, full-time NSF, or who are opening their first account are all exempt. People who do not fall into these categories, however, will be charged S$2/month if their daily balance falls below S$500.

In terms of rates, POSB Everyday Account is fairly straightforward. Consumers earn 0.05% p.a. on their entire balance, regardless of its size. This rate is roughly in line with the market standard for base rates, though many accounts offer additional boosts and bonuses. While POSB Everyday Account lacks such bonus rates, it's very easy to use and is accessible to many groups.

Learn About Other POSB Products

  • POSB Everyday Credit Card Review
  • POSB Further Study Assist Education Loan Review

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You're a low-income adult looking to open a savings account
  • Promotions: None currently available
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$0
  • Minimum Average Daily Balance: S$500
  • Fall Below Fee: S$2 (Waived if less than 21 or greater than 60 years old, recipient of public assistant, full-time National Service man or if it’s the applicant's 1st account with POSB)
  • Max EIR: 0.05% p.a. at any balance

Account Interest Rates

POSB Everyday Interest RatesBase Rate: No requirements

  • 0.05% p.a. on entire balance

Max EIR: 0.05% p.a. (at any balance)

Analyst's Review

This is why POSB Everyday Savings Account is the best in Singapore for consumers for low income and young NSF.

POSB Everyday Savings Account is one of the most accessible accounts on the market, especially for individuals who are either unsalaried or not working full-time. The account is open to individuals as young as 16 years old, and there's no minimum initial deposit requirement, which makes it easier to get started. What stands out most, however, is that a variety of groups are exempt from fall-below fees (or in other words, are not held to a daily minimum balance requirement). Individuals below 21 years old, above 60 years old, recipients of public assistance, full-time NSF, or who are opening their first account are all exempt. People who do not fall into these categories, however, will be charged S$2/month if their daily balance falls below S$500.

In terms of rates, POSB Everyday Account is fairly straightforward. Consumers earn 0.05% p.a. on their entire balance, regardless of its size. This rate is roughly in line with the market standard for base rates, though many accounts offer additional boosts and bonuses. While POSB Everyday Account lacks such bonus rates, it's very easy to use and is accessible to many groups.

Learn About Other POSB Products

  • POSB Everyday Credit Card Review
  • POSB Further Study Assist Education Loan Review

Best Savings Accounts for Wealthy Consumers

Those who are financially capable of making larger investments or maintaining higher balances can benefit from the exceptional high interest rates offered by the following savings accounts in Singapore.

Best for High Earning High Spenders: Citigold Priority Banking & Wealth Management

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What bank has a high yield savings account

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  • Consider if: You're an affluent individual who wants a team of experts and a dedicated relationship manager to grow your wealth
  • Promotions: Receive Apple iPad Air 5th Gen (worth S$879) / AirPods Max (worth S$899) + S$100 / S$800 Cash via PayNow. Promotion valid until 18 December 2022
  • Promotion valid only for new Citigold clients
  • A min. of S$250,000 Deposit by 28 February 2023 to be eligible and Rewards fulfilment will be door-to-door rewards delivery!
  • Read Our Full Review

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Details & Requirements

  • Minimum Initial Deposit: 250,000
  • Minimum Average Daily Balance: S$15,000
  • Fall Below Fee: S$15
  • Max Effective Interest Rate: 2.8% p.a. at any balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase RateNo Requirements; applied to entire balance0.01% p.a.Grow Bonus

  • Grow your account balance by S$3,000 per month (Bonus interest added to base rate)

+0.20% p.a. on first S$75kSpend Bonus

  • A new Citibank debit retail spend of at least S$250 per month or multiple retail spends amounting to at least S$250 in a month (Bonus interest added to base rate)

+0.20% p.a.Investment Bonus

  • A new single lump sum investment (unit trusts, structured notes and/or bonds) of at least S$50,000, multiple lump sum investments aggregating to at least S$50,000 in a month (Bonus rates added to base rate)

+0.80% p.a.Insure Bonus

  • A new insurance policy with a single premium of at least S$50,000, multiple insurance policies with aggregated single premiums to at least S$50,000 in a month (Bonus rates added to base rate)

+0.80% p.a.Loan Bonus

  • A new home loan (excluding interest offset home loans) of at least S$500,000 (Bonus rates added to base rate)

+0.80% p.a.Max Effective Interest Rate:2.8% p.a

Promotional rates, if any, are not included

Analyst's Review

Citigold is Citibank’s investment-focused priority banking service which comes with a whole host of perks and benefits, including a maximum EIR of 2.8% on the Citi Wealth First savings account, a dedicated Citigold relationship manager and a team of experts to grow your wealth, exclusive market insights from over 400 analysts from around the world and a wealth management tool to manage your finances.

The service is geared towards individuals with high net worth, and applicants are required to make a minimum deposit or investment of at least S$250,000 in order to qualify for the program. For individuals who fit the criteria and prioritise investment to grow their wealth, the Citigold priority banking service would be a perfect fit for their financial needs.

By spending a minimum of S$250 with Citibank debit, purchasing investment of at least S$50,000 in a month, buying new insurance policies with premiums worth S$50,000, getting a new home loan of S$500,000, and growing their account balance by S$3,000, Citigold members can earn an EIR of up to 2.8% p.a. bonus interest on their Citi Wealth First savings account.

Best for Jetsetters: HSBC Everyday Global Account (Premier)

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What bank has a high yield savings account

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  • Consider if: you transact with overseas currencies frequently.
  • Promotions: Earn up to 5.5% pa. interest with HSBC Everyday Global Account, which consists of 0.05% base interest, 4.45% bonus interest, 1% Everyday+ bonus interest.
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$200,000
  • Minimum Average Daily Balance: S$200,000
  • Fall Below Fee: S$5
  • Max Effective Interest Rate: 5.50% p.a. at any balance

Current Interest Rates

Rate TypeDetails & RequirementsInterest RateBase Rate

  • No requirements; applied to entire balance

0.05% p.a.Bonus Interest Rate4.45% p.a.Everyday+ Rewards1% p.a.

Analyst's Review

This is why HSBC Premier Everyday Global Account is the best savings account in Singapore for jetsetters.

If you're someone that travels often to overseas, or transact transfer foreign currencies often, HSBC Everyday Global Account may be the best option for you. Consumers are provided with 9 foreign currencies to transact in, all without any FX fees involved for retail spending or international ATM withdrawal with the HSBC Everyday Global Debit Card.

Using the HSBC Singapore App, you can transfer and receive money internationally with the HSBC Global Money Transfers to over 50 countries/territories like a local, and over 200 countries using SWIFT, China via UnionPay cards issued in Mainland China (only from non-RMB account), as well as instantly to other third-party HSBC bank accounts, all fee-free. You can also make FX transactions with real-time rates under the Online GetRate feature.


Learn About Other HSBC Products

  • Best HSBC Credit Cards 2022
  • HSBC Debt Consolidation Plan Review
  • HSBC Personal Loan Review: Cheapest in the Market?

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: you transact with overseas currencies frequently.
  • Promotions: Earn up to 5.5% pa. interest with HSBC Everyday Global Account, which consists of 0.05% base interest, 4.45% bonus interest, 1% Everyday+ bonus interest.
  • Read Our Full Review

Details & Requirements

  • Minimum Initial Deposit: S$200,000
  • Minimum Average Daily Balance: S$200,000
  • Fall Below Fee: S$5
  • Max EIR: 5.50% p.a. at any balance

Account Interest Rates

HSBC Everyday Premier Global Savings Account Interest RatesBase Rate: No requirements (applies to entire balance)

  • 0.05% p.a. on entire balance

Bonus Interest Rate: 4.45% p.a.Everyday+ Rewards: 1% p.a.

Analyst's Review

This is why HSBC Premier Everyday Global Account is the best savings account in Singapore for jetsetters.

If you're someone that travels often to overseas, or transact transfer foreign currencies often, HSBC Everyday Global Account may be the best option for you. Consumers are provided with 9 foreign currencies to choose transact in, all without any FX fees involved for retail spending or international ATM withdrawal with the HSBC Everyday Global Debit Card.

Using the HSBC Singapore App, you can transfer and receive money internationally with the HSBC Global Money Transfers to over 50 countries/territories like a local, and over 200 countries using SWIFT, China via UnionPay cards issued in Mainland China (only from non-RMB account), as well as instantly to other third-party HSBC bank accounts, all fee-free. You can also make FX transactions with real-time rates under the Online GetRate feature.

Learn About Other HSBC Products

  • Best HSBC Credit Cards 2022
  • HSBC Debt Consolidation Plan Review
  • HSBC Personal Loan Review: Cheapest in the Market?

Regular Savings Plan: Higher Potential Risks & Rewards

If you're interested in taking a step beyond a traditional savings account, we have included the best Regular Savings Plan in Singapore for you to consider.

Invest Your Monthly Deposits: Saxo Regular Savings Plan

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What bank has a high yield savings account

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  • Consider if: You're open to investing a little bit every month

Details & Requirements

  • Minimum Initial Investment: S$2,000
  • Minimum Monthly Contribution: S$100
  • Annual Service Fee: 0.75%
  • No transaction or custody fees

Analyst's Review

This is why Saxo Regular Savings Plan is the best savings account in Singapore for investing your monthly deposits.

Those seeking an alternative to a traditional savings account, might be interested in Saxo Regular Savings Plan. This investment account requires individuals to contribute monthly and typically offers higher returns than a traditional savings account. However, unlike a traditional savings account, Saxo RSP entails additional risk, as funds are invested in stocks, ETFs and unit trusts (rather than keeping funds in the bank, where they're effectively guaranteed).

What makes Saxo RSP stand out is that it offers access to managed portfolios at a fraction of the cost of typical wealth managers (0.75% p.a.). Not only that, Saxo's RSP requires a minimum monthly investment of just S$100, compared to as much as S$500 by other managed RSPs. Saxo is also partnered with asset manager BlackRock, in order to develop a variety of portfolios based on one's preferred risk profile.

Learn About Other Saxo Products

  • Saxo RSP Full Review
  • Saxo Markets Online Brokerage

What bank has a high yield savings account

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What bank has a high yield savings account

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  • Consider if: You're open to investing a little bit every month

Details & Requirements

  • Minimum Initial Investment: S$2,000
  • Minimum Monthly Contribution: S$100
  • Annual Service Fee: 0.75%
  • No transaction or custody fees

Analyst's Review

This is why Saxo Regular Savings Plan is the best savings account in Singapore for investing your monthly deposits.

Those seeking an alternative to a traditional savings account, might be interested in Saxo Regular Savings Plan. This investment account requires individuals to contribute monthly and typically offers higher returns than a traditional savings account. However, unlike a traditional savings account, Saxo RSP entails additional risk, as funds are invested in stocks, ETFs and unit trusts (rather than keeping funds in the bank, where they're effectively guaranteed).

What makes Saxo RSP stand out is that it offers access to managed portfolios at a fraction of the cost of typical wealth managers (0.75% p.a.). Not only that, Saxo's RSP requires a minimum monthly investment of just S$100, compared to as much as S$500 by other managed RSPs. Saxo is also partnered with asset manager BlackRock, in order to develop a variety of portfolios based on one's preferred risk profile.

Learn About Other Saxo Products

  • Saxo RSP Full Review
  • Saxo Markets Online Brokerage

Learn More About Maximising Your Savings

Additional Resources

  • Basic Guide to Savings Accounts in Singapore
  • Average Effective Interest Rate for Savings Accounts
  • A Basic Guide to Singapore Dollar Fixed Deposit Accounts
  • Average Interest Rate for Singapore Dollar Fixed Deposit Accounts
  • Save Smart: How To Consolidate Your Spending and Earn While Doing It

Read More:

  • A Basic Guide to Savings Accounts in Singapore
  • Average Effective Interest Rate for Savings Accounts
  • Best Savings Accounts for Students in Singapore

What bank has a high yield savings account

Zoryana Melesh

Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

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Which bank has the highest high yield savings?

Best High-Yield Savings Account Rates.
CFG Bank - 4.00% APY..
UFB Direct - 3.91% APY..
MySavingsDirect - 3.90% APY..
Bask Bank - 3.85% APY..
BrioDirect - 3.75% APY..
Fitness Bank - 3.75% APY*.
TAB Bank - 3.64% APY..
Valley Direct - 3.60% APY..

Which bank gives 6% interest in savings account?

Digital Federal Credit Union offers 6.17%, Blue Federal Credit Union offers 5.00%, Landmark Credit Union offers 7.50%, online bank Mango Money offers 6.00% and Consumers Credit Union and online bank T-Mobile Money, both offer 4.00%.

Which high yield savings account is best for me?

Best high-yield savings accounts.
Best overall: LendingClub High-Yield Savings..
Best for no fees: Marcus by Goldman Sachs High Yield Online Savings..
Best for checking/savings combo: Ally Online Savings Account..
Best for easy access to your cash: Synchrony Bank High Yield Savings..

What is the downside of a high yield savings account?

High-yield savings accounts are easy to open and accessible for many people. But they do have a few downsides, including a lack of ATM access, variable APYs, and withdrawal limits.