Last updated 9 August 2026. This page was reviewed on that date. Prices, rates and opening hours change often in Singapore — confirm anything that matters directly with the business before you travel or spend.
Quick answer: Standard Chartered Wealth $aver leads with the highest headline rate if you can meet all the criteria. DBS Multiplier and UOB One are the go-to for entrepreneurs who already run their daily banking through one institution. For small business owners, CIMB SME Account keeps fees low while Aspire delivers a fully digital, multi-currency experience with no branch visits needed.
In Singapore, the highest interest rates on bank accounts are not advertised on billboards – they sit inside priority banking tiers, relationship bundles, and salary crediting rituals. For the affluent entrepreneur, picking the right account is less about the headline rate and more about understanding the unspoken codes: which criteria you can meet without disrupting your business, and which ones quietly signal you know the system.
For the full picture, Best Bank Accounts & Savings in Singapore collects 21 guides on this subject.
Standard Chartered Wealth $aver
Standard Chartered’s priority banking centres are a calm, air-conditioned refuge from the Raffles Place lunch crowd, and the Wealth $aver account is the main reason entrepreneurs park their surplus cash there. Until June 2025 (that window has since closed), it paid up to 8.05% p.a. on the first S$100,000 – the highest in its history – when you credit your salary, spend on their cards, pay bills and take up investments.
The catch is you need to tick several boxes, but if your business income already lands in this account and you use a Standard Chartered card for vendor payments, the rate stacks quickly. Their relationship managers handle multi-currency transfers and wealth planning, so you are not clicking through endless menus alone.
The Standard Chartered Wealth $aver suits entrepreneurs who treat their bank branch as a second office. Earn the headline rate by routing salary and spending through the account, but the true code is access to the priority banking lounge – a quiet aircon sanctuary amid Raffles Place. It is where you sign documents in peace, not jostle for a counter.
Address: Priority banking at 1 Battery Road, Singapore 049908. Branches islandwide.
Phone: +65 6747 7000
Hours: Monday–Friday 9am–5pm, Saturday 9am–12pm
Rate: Up to 8.05% p.a. on first S$100,000 (as of June 2025)
View account details on Standard Chartered site
This one is for the entrepreneur who already leans on SC for business and wants the satisfaction of seeing a few hundred dollars of interest land every month without moving their money around. The Battery Road centre also means you can sort paperwork and be back at your desk before the next meeting.
Citi Wealth First Account
If your money is spread across multiple investment accounts, Citi Wealth First makes a tidy case for consolidating everything in one place. For Citigold Private Clients, it offers up to 7.51% p.a. on deposits of up to S$500,000 when you combine card spending, investments and insurance purchases.
The Citi Mobile App pulls global market insights straight into your hand, so you can check your portfolio while queuing for chicken rice. The account really shows its worth when you are moving into offshore bonds or multi-currency investment – the interest you earn on idle cash tucks nicely into your overall return.
Citi Wealth First Account is for the entrepreneur who already runs their life through Citi – cards, investments, insurance. When you consolidate here, the app becomes a private wealth dashboard, and a dedicated relationship manager can anticipate when you need trade financing or a new credit line. It is the sort of account where the phone rings before you even realise you need help.
Address: 8 Marina View, Asia Square Tower 1, Singapore 018960
Phone: +65 6225 5225
Hours: Monday–Friday 9:30am–6pm, Saturday 9:30am–12pm
Rate: Up to 7.51% p.a. (Citigold Private Clients, on first S$500,000)
View Citi Wealth First Account details
Suits the entrepreneur who is already deep into wealth management and does not mind linking insurance or structured products to bump up the rate. The Asia Square location is handy for a quick sign-off between fund transfers.
No one bought a spot on this list. If we have overlooked you, say so and we will consider it next time round.
OCBC 360 Account
The OCBC 360 Account turns everyday banking chores into extra interest, which feels like a small win every month. By crediting your salary and spending on OCBC cards – and layering on investments or insurance – you can unlock up to 7.40% p.a.
The tiered structure is straightforward: the more categories you meet, the higher the rate. The OCBC app makes it easy to track which criteria you have hit, and if you are already paying for company insurance through them, half the work is done. For those who used to read the fine print on Singapore&# ;s Elite Business Bank Accounts and wondered which bank truly rewards daily activity, this one delivers.
The OCBC 360 Account rewards entrepreneurs who already run their company payroll and card spend through OCBC. The tiered criteria unlock automatically when you credit salary and use OCBC cards, and the app’s tracker shows which categories you have met – no guesswork. For anyone already embedded in the OCBC ecosystem, this feels less like a chore and more like free yield.
Address: OCBC Centre, 65 Chulia Street, Singapore 049513
Phone: +65 6363 3333
Hours: Monday–Friday 9am–4:30pm, Saturday 9am–11:30am
Rate: Up to 7.40% p.a.
See the latest 360 Account rates
A good fit for the salaried director who pays themselves a fixed monthly amount and uses OCBC for both business and personal spending. It rewards consistency, not complexity.
UOB One Account
UOB One keeps things fuss-free: credit at least S$1,600 in salary and spend S$500 on eligible UOB cards each month, and you earn up to 3.30% p.a. on the first S$150,000. No hoops around investments or bill payments – just two simple actions.
For the entrepreneur who does not want to rearrange their whole banking life, this is steady. The rate might appear lower than some competitors, but because the criteria are so minimal, it is shiok to see the interest roll in without having to remember half a dozen conditions. The multi-currency wallet also helps if you are invoicing overseas clients.
UOB One Account is for the entrepreneur who wants to set up their banking once and forget about it. Credit your salary and spend on UOB cards each month, and the interest ticks in – no investment hurdles, no bill payment checklists. It is the dependable choice for those who prefer a clear, two-step ritual over a spreadsheet of criteria.
Address: UOB Plaza, 80 Raffles Place, Singapore 048624
Phone: +65 6222 1211
Hours: Monday–Friday 9am–4:30pm, Saturday 9am–12:30pm
Rate: Up to 3.30% p.a. on first S$150,000
Visit UOB One Account page
Ideal for anyone who just wants to set and forget. If you already bank with UOB for your company and pay yourself a reasonable salary, you are basically there.
DBS Multiplier Account
DBS Multiplier rewards you for letting DBS handle almost everything – salary crediting, card spending, home loan repayments, and even investments. The first S$100,000 can earn up to 4.1% p.a., and a new-client promotional rate will run until December 2025 (that window has since closed), making it a timely pick.
The account’s real strength is how it ties together with the DBS ecosystem. If you are already using PayLah! for vendor payments and have a DBS business loan, the categories stack naturally. Many entrepreneurs I know use it alongside the insights on Singapore&# ;s Elite Private Banking Enclaves to understand where their idle cash works hardest. The DBS digibank app makes tracking a breeze, and the early opening hours (8:30am on weekdays) mean you can sort things before the market opens.
DBS Multiplier Account rewards you for making DBS the centre of your financial life. When you already use PayLah! for daily kopi runs and your home loan is with the bank, the bonus interest layers on neatly. The new-client promotional rate running into late 2025 adds a timely incentive, but the real appeal is how the DBS ecosystem turns everyday transactions into a compounding yield.
Address: DBS Asia Central, 12 Marina Boulevard, Singapore 018982
Phone: +65 6327 2265
Hours: Monday–Friday 8:30am–4:30pm, Saturday 8:30am–12pm
Rate: Up to 4.1% p.a. on first S$100,000
Explore DBS Multiplier
Suits the entrepreneur who is already deeply embedded in the DBS family – multiple products, one rate, less mental load.
CIMB SME Account
CIMB SME Account is built for small business owners who hate fall-below fees. There are none. The account pays competitive interest on idle operating balances, and you also get access to business loans and trade financing when the need arises.
It is refreshingly straightforward – no convoluted tier systems, no mandatory credit card spend from your personal wallet. The digital banking platform is clean and does what you expect, which matters when you are reconciling payments at midnight. For a closer look at how it compares to other business banking options, Singapore&# ;s Pinnacle of Prestige often pairs well with a no-fee account like this to keep business cashflow tidy.
CIMB SME Account is for the owner who wants business banking to sit quietly without monthly fees nibbling at the balance. No fall-below charges, no credit card cross-sell – just a clean account that earns interest on operating cash. When you need a trade facility, the application starts inside the same digital platform without a branch visit.
Address: 30 Raffles Place, Singapore 048622
Phone: +65 6333 7777
Hours: Monday–Friday 9am–5pm, Saturday 9am–12pm
Rate: Competitive interest on idle balances
CIMB SME Account info
Perfect for the entrepreneur who wants a business account that does not nibble away at savings with fees, and who might need trade financing down the line.
Aspire Business Account
Aspire runs entirely from your phone – no branch, no queue, no physical token. The business account includes a multi-currency wallet and fee-free international transfers, which is a lifesaver if your suppliers are in Shenzhen or your freelancers in Berlin. Integration with Xero means your bookkeeper sees transactions automatically, saving you the “please forward the invoice” email.
The platform says 95% of transfers land within one business day, and the in-app chat support is available 24/7. While Aspire does not publish a specific interest rate for deposits, the cost savings on transfer fees and time add up for a lean SME.
Aspire Business Account feels like a fintech built for the founder who runs the business from a laptop. The multi-currency wallet and fee-free transfers make paying a Berlin freelancer as simple as a PayNow transaction. Integrate with Xero and your bookkeeper stops chasing invoices. It is the account you never visit – it lives entirely in your phone.
Address: Online-only, available via app
Email: [email protected]
Rate: Check with the business
Open an Aspire account
For the tech-savvy entrepreneur with a distributed team and cross-border payments, Aspire strips out the friction that traditional banks often add.
No one bought a spot on this list. If we have overlooked you, say so and we will consider it next time round.
About the figures on this page. Rates, bonuses and qualifying spends were checked against the issuers’ own sites on 5 August 2026. Singapore banks revise these frequently — several cut their headline savings rates more than once in 2026 alone — so treat every number here as correct on that date rather than a standing promise, and confirm on the issuer’s page before you apply or move money.
How to choose
The right account depends on how much you are willing to consolidate. If you already run most of your personal and business finances through one bank – say DBS or UOB – their high-yield accounts will feel almost automatic. The highest potential rates (Standard Chartered and OCBC) demand more engagement: salary crediting, card spending, bill payments, and often an investment product. That extra effort pays if you keep a significant balance and can meet the criteria each month without stress.
For business-focused needs, CIMB SME and Aspire serve different purposes. CIMB keeps things traditional with low fees and branch access, while Aspire is a purely digital alternative that favours startups handling multiple currencies. Consider how much cash your business holds on average; if it is substantial, a personal account option like DBS Multiplier might earn more interest than a standard SME account, but speak to your accountant about structuring.
A fair monthly interest return for a balance of S$100,000 typically falls between 2.5% and 4.5% for accounts that require only salary and card spend, while the upper reaches above 7% require layered product commitments. Always confirm the latest rate and criteria directly with the bank.
| Account | Key Requirement | Suitable For |
|---|---|---|
| Standard Chartered Wealth $aver | Salary + card spend + bills + investments | High-net-worth individuals consolidating wealth |
| Citi Wealth First Account | Card spend + investments + insurance (Citigold Private Clients) | Affluent investors with diversified portfolios |
| OCBC 360 Account | Salary + card spend + investments/insurance | Salaried professionals and entrepreneurs |
| UOB One Account | Min. S$1,600 salary + S$500 card spend | Simplifiers with steady monthly habits |
| DBS Multiplier Account | Salary + card spend + mortgage/investment | DBS ecosystem users |
| CIMB SME Account | No fall-below fee, idle SME balance | Small business owners wanting low fees |
| Aspire Business Account | Digital-only; multi-currency, fee-free transfers | Tech-savvy, cross-border SMEs |
Summary
From Standard Chartered’s headline-grabbing 8.05% advertised back in June 2025 to Aspire’s entirely digital SME toolkit, these seven accounts each solve a different version of the same problem: making idle money work harder. The one you pick will likely mirror how you already run your day-to-day finances. Match the criteria to your habits, and the interest feels less like a target and more like a quiet bonus every month.
Disclaimer: All information here was gathered from publicly available sources and may change. Confirm rates, criteria and terms directly with the respective bank before opening an account.
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Frequently asked questions
Which bank account in Singapore currently offers the highest interest rate?
As of June 2025, Standard Chartered Wealth $aver advertised up to 8.05% p.a. on the first S$100,000, provided you meet criteria such as salary crediting, card spending, bill payments, and investments.
Are these accounts only for personal use, or can I use them for business?
Most on this list are personal savings accounts suited for individuals; they are not business current accounts. However, CIMB SME Account and Aspire Business Account are specifically designed for small and medium enterprises, with features like lower fees and multi-currency wallets.
What is the minimum salary required for the UOB One Account?
You need to credit a minimum salary of S$1,600 each month, plus spend at least S$500 on eligible UOB cards, to earn the highest tier of interest.
Can I open the Aspire Business Account if I don’t have a physical office?
Yes. Aspire is completely online. You can sign up via the app or website, and support is available 24/7 through in-app chat.
Do I need to visit a branch to open the DBS Multiplier Account?
Not necessarily. DBS allows digital account opening through its digibank app, though you may need to provide documents if you are a new customer. Branches are available at Marina Boulevard and other locations if you prefer in-person assistance.
Which account is best if I do not want to worry about monthly criteria?
The CIMB SME Account has no fall-below fees and places less emphasis on recurring monthly actions; it rewards SMEs with competitive interest on idle balances without the need to juggle multiple personal categories. Aspire is another option if you prefer a digital SME account with minimal ongoing conditions.
