Quick answer: The best joint account in Singapore depends on how you and your other half manage money. DBS Multiplier rewards you when you pool salary, investments, and spending. UOB One dishes out tiered interest if you credit pay and use their cards. HSBC Everyday Global handles 11 currencies without fees – perfect for families with overseas ties. For a simple, no-penalty setup, CIMB FastSaver keeps things steady.
For the full picture, Best Bank Accounts & Savings in Singapore collects 21 guides on this subject.
When you open a joint account, you are not just splitting bills – you are building a shared rhythm. Maybe it is for the wedding fund, maybe the BTO renovation, or simply to stop asking “you go pay first, I transfer later” every other day. These seven accounts each bring something different to the table, whether you want high interest, fuss-free rules, or multi-currency muscle. None of these are sponsored placements. If you belong on this list, tell us what you do.
The Accounts
DBS Bank
A couple both earning decent pay and trading stocks on the side will feel right at home with the DBS Multiplier Account. The interest rate gets a bump the more you do with DBS – salary crediting, credit card spending, home loan instalments, even investment dividends all count. There is no need to park a fat minimum balance just to earn something; the rate scales with your activity. The digibank app lets both of you peek at the balance and move money in real time, so you never have to message each other to check if the groceries went through.
What makes it worth the trip is how many different streams it ties together. If your household already uses DBS for most things, the multiplier effect can be meaningful. If not, you might find yourself shifting habits to chase the rate – which is exactly what some couples want, a reason to consolidate.
Phone: 1800 111 1111
Address: 712A Ang Mo Kio Ave 6, #01-4066, Singapore 561712
Hours: Phone banking 24/7 (emergency services from 12am to 8am); branch hours at DBS locator
Website: DBS Bank
UOB
The UOB One Account keeps it simple: credit your salary and spend on a UOB card, and the tiered interest climbs, touching up to 6% p.a. on your combined balance. The conditions are easy to remember, so both of you know exactly what to hit each month. It pairs neatly with UOB credit cards, letting your daily expenses earn rewards on top of the savings interest – shiok when you are both swiping for groceries, petrol, and that weekend staycation.
If you are after an account that turns your regular household outflow into a higher-yield stash, this one fits. The bonus structure rewards consistency, not complexity. Just check the fine print on the maximum balance that earns the top rate; beyond a certain amount the rate tapers, so it works best for a growing but not yet overflowing joint fund.
Phone: 1800 222 2121 or +65 6222 2121 (overseas)
Address: 80 Raffles Place, UOB Plaza, Singapore 048624
Hours: Phone 24/7; branch hours at UOB locator
Website: UOB
OCBC Bank
OCBC 360 Account gives you up to 4.65% p.a. interest by layering bonuses: salary, credit card spend, and even growing your balance month on month. There is an investment booster too, so if you are already building a nest egg with OCBC, the same account can make your cash work harder. The app is snappy and both account holders can set up notifications, so you stay aware of what is moving in and out.
It suits a pair who treat their joint account as the centre of a larger financial plan. The conditions reward you for treating OCBC almost like your main bank, which can be a nudge toward organising everything under one roof. If that sounds like your kind of tidy, go for it.
Phone: 1800 363 3333 (24-hour) or +65 6363 3333 (overseas)
Address: OCBC has branches across the island. Use the branch locator to find one near you.
Hours: Phone 24/7 (urgent enquiries midnight to 7:59am); branch hours via locator
Website: OCBC Bank
None of these are sponsored placements. If you belong on this list, tell us what you do.
Standard Chartered Bank
The Bonus$aver Account is one of the few joint options with no minimum deposit needed to start earning. You unlock up to 7.88% p.a. interest by crediting your salary and using a linked debit or credit card regularly. The card choice is flexible – pick the one that matches your spending style. For a couple whose monthly expenses are varied and who do not want to lock up a big sum just to qualify, this is a practical pick.
It also suits internationally minded Singaporeans because Standard Chartered’s network spans many markets. If one of you travels for work or you have family abroad, having an account that sits in a global bank can simplify remittances and transfers later.
Phone: +65 6747 7000 (Personal Banking, 24/7)
Address: Marina Bay Financial Centre, Tower 1, 8 Marina Blvd, #01 – 01, Singapore 018981
Hours: Phone full services 8am to 8pm, urgent services 24/7; branch hours here
Website: Standard Chartered Bank
Maybank
Maybank’s Save Up Programme gives up to 3% p.a. on the first S$50,000, and the spending thresholds are notably low compared to some others. You do not need to churn huge amounts; just a few hundred on a Maybank credit or debit card each month can meet the requirement. For a pair who want a decent rate without overhauling their entire spending life, this is a steady option.
One quiet bonus is how the programme ties into investment products if you are ready to grow your money further. It is not all about cash; the bank lets you link your joint savings to unit trusts or structured deposits when the time feels right.
Phone: 1800 629 2265 or +65 6533 5229 (overseas)
Address: 2 Battery Road, Maybank Tower, Singapore 049907
Hours: Contact centre 8am to 8pm full services, overnight emergency only; branch hours at Maybank locator
Website: Maybank
Speaking of saving together, we also have a guide to Online Savings Accounts in Singapore if you want to see how these stack up against purely digital options.
HSBC
HSBC Everyday Global Account is a multi-currency joint account that handles 11 currencies without any fee when you spend or transfer within those currencies. That makes it the obvious choice if one of you earns in foreign currency or you are planning a big trip and want to lock in exchange rates ahead of time. On top of that, you can earn up to 4.10% p.a. interest by simply using the account for daily transactions – no separate high-yield hoops to jump through.
The real draw is the freedom. You do not need to open a separate foreign currency account; it is built right in. For families who see money flowing in and out of Singapore often, this can simplify things considerably.
Phone: +65 6472 2669 (Personal Banking) or +65 6227 8889 (HSBC Premier)
Address: HSBC has branches across Singapore; use the branch locator to find one near you.
Hours: Phone 24/7; branch hours via locator
Website: HSBC
CIMB Bank
CIMB FastSaver is the account you open when you want decent interest without any conditions – no salary crediting, no minimum card spend, no fall-below fee. The rate is competitive on its own, and it stays there month after month without you lifting a finger. The online setup is straightforward: both of you can sign up in minutes and start transferring money in.
This is the one for couples who just want a clean, no-drama place to park their shared savings. Maybe you are not ready to centralise salaries or switch all your spending; you just need a reliable joint pot. CIMB’s digital platform covers the basics well, and without any fees lurking, it is easy to trust.
Phone: +65 6333 7777
Address: 30 Raffles Place, #04-01, Singapore 048622
Hours: Call centre 9am to 7pm daily; branch hours at CIMB locator
Website: CIMB Bank
If you are also kitting out your home, you might find our take on Kitchen Equipment Brands in Singapore useful – and for keeping an eye on your health, check out Fitness Trackers in Singapore for tracking progress together.
How to choose
The right joint account comes down to the shape of your shared money life. Ask yourselves: Will both salaries go in? Do we spend heavily on cards each month? Do we need a foreign currency buffer? The accounts that offer the highest rates – like UOB One and Standard Chartered Bonus$aver – are built for couples who already channel most of their cash through one bank. If you plan to keep separate main accounts and only feed a joint pot, a simpler setup like CIMB FastSaver or Maybank Save Up Programme will feel less forced.
Look at the interest caps too. A headline rate of 6% is great, but find out the maximum balance it applies to. Many tiered accounts apply the peak rate only up to the first S$50,000 or S$75,000, then drop. If you expect to hold more, you might want an account that keeps a reasonable rate across a larger sum, or split the excess into a separate savings account.
Also, consider how you will use the account day to day. A joint account that doubles as your spending hub needs a good app, instant notifications, and maybe a card each. All the banks here offer at least basic joint management, but DBS digibank and OCBC’s app tend to surface real-time joint activity more clearly. HSBC’s app is built around the multi-currency view, which is intuitive if you track balances in yen or euros often.
At a glance
| Bank | Account | Interest Rate | Key Condition | Multi-Currency |
|---|---|---|---|---|
| DBS | Multiplier | Multiplier effect (variable) | Salary + transactions | No |
| UOB | One Account | Up to 6% p.a. | Salary + card spend | No |
| OCBC | 360 Account | Up to 4.65% p.a. | Salary + spend + balance growth | No |
| Standard Chartered | Bonus$aver | Up to 7.88% p.a. | Salary + card spend, no min. deposit | No |
| Maybank | Save Up Programme | Up to 3% p.a. (first S$50k) | Low card spend thresholds | No |
| HSBC | Everyday Global Account | Up to 4.10% p.a. | Daily transactions in 11 currencies | Yes (11 currencies) |
| CIMB | FastSaver | Competitive base rate (no tiers) | No conditions, no fall-below fee | No |
Summary
DBS Multiplier suits a busy couple who already have multiple DBS products. UOB One rewards consistency with a straightforward tier. OCBC 360 ties in wealth-building bonuses. Standard Chartered Bonus$aver removes the deposit barrier. Maybank Save Up keeps thresholds low. HSBC Everyday Global handles foreign currencies natively. And CIMB FastSaver is the simplest joint pot you can open today. Think about how much you want your joint account to do, and pick the one that matches that rhythm.
Disclaimer: Details can change. Always confirm rates, fees, and conditions directly with the bank before opening an account.
Frequently asked questions
Can both account holders withdraw money without the other’s permission?
Yes, for most joint accounts in Singapore, either party can withdraw or spend individually. If you need dual signatures, you would have to set up a different type of account – speak to the bank about “and” signing arrangements.
Is our money protected if the bank fails?
Joint accounts are covered by the Singapore Deposit Insurance Corporation (SDIC) up to S$75,000 per depositor per bank. That means a joint account by two people is insured up to S$150,000 in total.
Do both of us need to have a job to qualify for the high interest rates?
Not necessarily. Most banks require at least one salary credit to the account each month. Check the specific terms – some accounts count one salary, some let you pool two salary credits.
Can we open a joint account entirely online?
Many banks now allow online application with SingPass. DBS, OCBC, and CIMB all offer digital setup for joint accounts. You may still need to visit a branch for identity verification in some cases.
What happens if we close the account early?
Some banks impose an early closure fee if the account is shut within six months of opening. Always ask about this before you sign up so you are not surprised later.
Can a foreigner open a joint account with a Singaporean?
Yes, most banks allow joint accounts between residents and non-residents. Foreigners will need to provide their passport and proof of address in their home country. Check with the bank for the exact documents.
