Quick answer: The Standard Chartered BonusSaver can earn you up to 8.05% p.a. if you check all the right boxes. OCBC 360 (up to 5.45%) and Bank of China SmartSaver (up to 5.35%) reward active everyday banking. For a no-hoops option, CIMB StarSaver gives up to 2.70% with just a S$1,000 minimum balance. The right pick depends on whether you already credit salary, swipe a card, or want a simple you-forget-it account.
Picking an account that rewards your actual routine feels quietly satisfying. It is less about chasing the highest number and more about matching how your salary arrives, how often you swipe a card, and whether you prefer to check in diligently or just let things sit. You are allowed to want simplicity or to stack everything neatly into one ecosystem.
Browsing rather than buying today? Best Bank Accounts & Savings in Singapore lays out all 21 guides in one place.
If you are ready to see how your idle cash can work harder, here are seven accounts worth your time. For broader options, have a look at our round-up of Savings Accounts with High Interest Rates in Singapore.
Standard Chartered BonusSaver
Standard Chartered’s BonusSaver is the sort of account that makes you glad you already bank with them. It sits across full-service branches in Orchard Road and Marina Bay Financial Centre, but the magic happens when your salary, card swipes, bill payments, and investments line up. The base interest is a quiet 0.05% p.a., but stack on the bonus tiers and you could hit 8.00% p.a. on top of that—giving a maximum of 8.05% p.a.
If you are already crediting your pay cheque here, using a StanChart credit card for daily makan and petrol, and maybe dabbling in their wealth products, the interest piles up fast. Every month you meet the categories feels like a small win. A multi-currency wallet and debit card come with the account, so your holiday spending money can stay in the same place.
This one suits the planner who already runs their life through a single banking relationship. The Orchard and Marina Bay branches have a calm, unhurried feel, and the real draw is watching multiple ordinary actions—salary crediting, card swipes, investments—turn into a noticeably better rate. It rewards doing more of what you were probably doing anyway.
Address: Multiple branches, including Orchard Road and Marina Bay Financial Centre
Phone: (+65) 6747 7000
Operating hours: Full services 8am–8pm daily; urgent services 8pm–8am
Price signal: No monthly fee mentioned; interest tiers depend on activity
Website: Standard Chartered BonusSaver
This one suits the person who wants a single banking relationship to do all the heavy lifting—especially if you have a decent monthly card spend and a salary that drops in like clockwork. It is not the account for someone who likes to keep their banking bits separate, but if you go all in, the return is hard to beat.
OCBC 360
OCBC 360 is the account that many Singaporeans land on naturally because it ties neatly into the bank’s credit cards, home loans, and insurance. Branches dot the island from Tampines to Orchard, and the digital banking feels second nature. The interest starts at 0.05% p.a. but can climb to 5.45% p.a. when you credit at least S$1,800 salary via GIRO/FAST/PayNow, increase your average daily balance by S$500 monthly, spend S$500 on eligible OCBC cards, and touch their insure or invest categories.
What makes it feel natural is that the salary and save categories are things you probably do already. The account earned “Bank Account of the Year” from Sethisfy in 2024, which says something about how steadily it has kept up. The debit card and app tie everything together.
A natural fit if your mortgage, credit cards, and insurance already live with OCBC and you like keeping things in one place. The branches feel familiar and there is a rhythm to meeting the salary credit and balance growth steps each month. It gives a gentle nudge to save a little more and spend a little more, all within an ecosystem you already know.
Address: Multiple branches, including Orchard Road and Tampines
Phone: Personal banking +6363 3333 (or +65 6363 3333 from overseas)
Price signal: No monthly fee if you meet minimum balance; interest up to 5.40% p.a. on first S$100,000
Website: OCBC 360 Account
Ideal for someone who already holds an OCBC credit card and wants to see their everyday spending and saving work together. The bonus categories are clear, and even hitting three or four out of five still earns you something decent.
None of these are sponsored placements. If you belong on this list, tell us what you do.
Bank of China SmartSaver
The Bank of China SmartSaver account lives comfortably in branches around Chinatown and Battery Road, and it is quietly generous to anyone keeping a healthy balance. You get a base interest of 0.40% p.a. on the first S$100,000, which already beats many base rates. Add in card spending of S$750 or S$2,500 a month, salary crediting of at least S$2,000, bill payments, or wealth products, and the total can reach 5.35% p.a.
Multi-currency support is built in, so if you travel or hold funds in other pockets of Asia, it’s straightforward. The SmartSaver app makes tracking the bonus categories easy, and you aren’t locked into too many categories—pick the ones that fit your life.
Quietly generous and particularly welcoming to those who maintain a healthy balance. The Chinatown and Battery Road branches have an unhurried atmosphere, and you might appreciate that the base rate already does some of the work before you even add spending or salary conditions. It feels like an account that meets you where you are.
Address: Multiple branches, including Chinatown and Battery Road
Phone: 1800 669 5566 (within Singapore)
Email: [email protected]
Price signal: No monthly fee mentioned; base interest on first S$100,000
Website: Bank of China SmartSaver
This one suits the saver who keeps a bit more cash parked and still wants a competitive rate without needing to hold a dozen products. If you don’t usually invest, skip that category and still earn through card spend and salary—the rate holds up well.
HSBC Everyday Global Account
HSBC’s Everyday Global Account (EGA) is the one you want if your money crosses borders as often as you do. With branches in Orchard and Claymore and an app that handles 11 currencies, it removes the friction from spending overseas. From July to August 2025, fresh funds earn up to 3.55% p.a. through the Everyday+ Rewards Programme, and you get up to 1% cashback on eligible spends. The base rate outside promotions is 0.05% p.a.
What makes it worth a look: the 10 currencies you can transact in without fees. That alone saves you the sian of opening multiple accounts when you travel for work or leisure. The account also picked up the “Best Global Debit Card” at the 2025 Finder Awards.
This is the one for the woman whose money crosses borders as comfortably as she does. The Claymore and Orchard branches have a worldly air, and the multi-currency capability means you can switch between currencies in the app without a second thought. It removes the small frictions of spending overseas, which feels like a quiet luxury.
Address: Multiple branches, including Orchard Road and Claymore Hill
Phone: HSBC Personal Banking +65 6-HSBC NOW (6-4722 669); Premier +65 6227 8889
Operating hours: Mon–Fri 9am–6pm (excluding public holidays)
Price signal: Promotional rate for Jul–Aug 2025; standard rates apply after
Website: HSBC Everyday Global Account
Great for the frequent flyer, the expat with ties to multiple countries, or anyone who buys online in foreign currency. Just remember the peak rate is a promotion—enjoy it while it lasts, and keep an eye on what comes next.
DBS Multiplier
DBS Multiplier is the familiar face you probably already have on your phone, sitting inside the digibank app. Branches are everywhere—Orchard, Jurong Point, and more—and the account rewards you for doing what you likely do: crediting salary, swiping a DBS credit card, paying bills, and maybe servicing a home loan or buying investments. The base is 0.05% p.a., but pile on the eligible transactions and you can reach 4.10% p.a. on your first S$100,000.
The clever bit is how many transaction types count, including retirement payouts. So even if you aren’t working a conventional 9-to-5, there may be a way in. The app shows your progress toward the next interest tier, which turns saving into a small game.
If the DBS digibank app already lives on your phone, this account slots in without any new logins to remember. Branches are everywhere—Jurong Point, Orchard, and beyond—so sorting things in person is easy. The real ease comes from being rewarded for transactions you likely already make: salary, card spend, home loan, all working together behind the scenes.
Address: Multiple branches, including Orchard Road and Jurong Point
Phone: 1800 111 1111 (within Singapore)
Operating hours: Mon–Fri 8:30am–8:30pm (excluding public holidays)
Price signal: No monthly fee; interest up to 4.05% p.a. bonus
Website: DBS Multiplier
This is the account for the DBS loyalist who wants interest without adding a new banking relationship. It suits a steady monthly rhythm: salary comes in, some spending goes out, bills get paid, and the bonus interest ticks higher.
UOB One Account
UOB One Account keeps things simple: credit your salary (minimum S$1,600, or make three GIRO transactions) and spend at least S$500 on UOB cards each month, and you can earn up to 3.30% p.a. on your balance. Heads up: from 1 September 2025, the maximum drops to 2.50% p.a. So if you are keen on the current rate, now is the time to act. Branches are all over, from Orchard to Jurong East, and the UOB TMRW app makes tracking easy.
The account comes with a debit card and often throws in cash rewards for new accounts. The conditions are fewer than some others—two main hoops to jump through—and that straightforwardness appeals to people who don’t want to micromanage categories.
This one keeps the rules refreshingly straightforward: credit your salary and spend on UOB cards each month, and the rate stacks up. The UOB TMRW app makes tracking your progress feel manageable rather than like homework. With the current rate available only until end-August 2025, it suits someone who likes a clear deadline and a simple checklist.
Address: Multiple branches, including Orchard Road and Jurong East
Phone: 1800 222 2121 (within Singapore)
Price signal: Up to 3.30% p.a. until 31 Aug 2025; 2.50% from 1 Sep 2025
Website: UOB One Account
Solid for anyone who wants a fuss-free bonus interest without needing to juggle insurance or investment products. If you already have a UOB credit card, it is almost a natural extension.
CIMB Bank
CIMB’s StarSaver Account is the uncomplicated one that does not ask you to credit salary, spend on a card, or buy anything extra. You open it, keep at least S$1,000 inside, and earn up to 2.70% p.a. on your entire balance—all the way up to the first S$5 million. The branch sits at 30 Raffles Place, but most people manage everything digitally. Interest accrues daily, and there are no fall-below fees.
It is the account for the saver who just wants their cash to grow without a to-do list. The bank has been recognised for digital innovation by The Digital Banker, so the app and online experience feel modern even if the product is simple.
No salary crediting rules, no minimum card spend, no products to buy—this account is a relief for the woman who wants none of the admin. You open it, keep a balance, and earn interest without having to plan your month around it. Most people manage everything digitally, and the absence of fall-below fees means you can just let it sit and grow.
Address: 30 Raffles Place, #04-01, Singapore 048622
Phone: +65 6333 7777
Operating hours: Mon–Fri 9am–4:30pm, Sat 9am–11:30am (closed Sun and public holidays)
Price signal: S$1,000 minimum balance; no salary or spend requirements
Website: CIMB Bank
Perfect if you are tired of tracking whether you spent enough on a card this month. Just park your savings and let them accumulate. The rate is honest and the conditions are, well, basically none.
How to choose
Start by looking at what you do every month without thinking: does a salary get credited to your account? Do you use a credit card for groceries, petrol, and dining? The highest headline rates—like Standard Chartered’s 8.05%—need the most moving parts. If those parts already move in one bank, choosing that bank’s high-yield account is a no-brainer. For many, it will be DBS Multiplier or OCBC 360 because their payroll and cards sit there already.
If you don’t want to tie your salary to a new bank or you’re self-employed with irregular crediting, CIMB StarSaver’s flat rate is the clearest. HSBC EGA is worth it if you hold foreign currency or travel often—the fee-free multi-currency perk is the real savings, and the promotional rate is a bonus.
Watch for balances. Some tiered rates apply up to S$100,000 only (OCBC, DBS, BOC). CIMB goes all the way to S$5 million, which suits larger cash holdings. And check whether the rate you see is a limited-time promo—HSBC’s high rate ends after August 2025, and UOB’s drops in September. A fair price range for maximum interest on most of these accounts currently falls between 2.5% and 5.5% p.a. for someone meeting all conditions, with Standard Chartered racing ahead at over 8%. If you are considering a fixed deposit instead, see SGD Fixed Deposit Rates in Singapore.
Also look out for sign-up promotions—some banks offer cash rewards when you open a new account and credit your salary within a set period. Keep an eye on minimum balance rules as well; while CIMB’s S$1,000 requirement is modest, others may charge a service fee if your balance dips below a certain amount, so confirm directly.
| Account | Max Interest Rate | Key Requirements | Minimum Balance | Best For |
|---|---|---|---|---|
| Standard Chartered BonusSaver | Up to 8.05% p.a. | Salary credit, card spend, bill payment, investment | Check with business | High-maximisers using SCB ecosystem |
| OCBC 360 | Up to 5.45% p.a. | Salary credit S$1,800, balance growth S$500/mth, card spend S$500, plus insure/invest options | Check with business | Active OCBC users with credit card and salary |
| Bank of China SmartSaver | Up to 5.35% p.a. | Salary S$2,000, card spend S$750 or S$2,500, bill payment, wealth | Check with business | Savers with healthy balances and card spend |
| HSBC Everyday Global | Up to 3.55% p.a. (promo) | Fresh funds during Jul–Aug 2025, everyday+ rewards spending | Check with business | Multi-currency travellers and online shoppers |
| DBS Multiplier | Up to 4.10% p.a. | Salary credit, card spend, home loan, investments, retirement payouts | Check with business | DBS ecosystem loyalists |
| UOB One Account | Up to 3.3% p.a. | Salary S$1,600 or 3 GIRO, card spend S$500 | Check with business | Simplicity seekers with UOB cards |
| CIMB StarSaver | Up to 2.70% p.a. | No salary or spend; keep balance S$1,000 | S$1,000 | No-fuss high yield on entire balance |
None of these are sponsored placements. If you belong on this list, tell us what you do.
Summary
The account that gives you the best return is usually the one at the bank where your salary lands and your card lives. If you are happy to meet a few monthly conditions, Standard Chartered BonusSaver, OCBC 360, and BOC SmartSaver all deliver generous rates. If you prefer a straightforward high rate with no conditions, CIMB StarSaver wins for simplicity. And if you share finances with someone, you might also want to look at our list of Joint Accounts in Singapore.
Disclaimer: All rates and conditions were correct as of August 2025. Details can change, so please confirm directly with the bank before opening an account.
Frequently asked questions
Which savings account currently has the highest interest rate in Singapore?
Standard Chartered BonusSaver can reach up to 8.05% p.a. when you credit salary, spend on eligible cards, pay bills, and invest with the bank.
Do I really need to credit my salary to earn bonus interest?
Many accounts require it, but not all. CIMB StarSaver offers up to 2.70% p.a. with just a S$1,000 minimum balance and no salary or spending conditions.
How does OCBC 360’s bonus interest structure work?
You earn bonus interest by crediting at least S$1,800 salary, increasing your average daily balance by S$500 monthly, spending S$500 on OCBC cards, and optionally insuring or investing with OCBC.
Is the high interest rate on HSBC’s Everyday Global Account permanent?
The up to 3.55% p.a. is a promotional rate for July and August 2025 on fresh funds. After that, ongoing rates may be lower, so check the current terms.
Why did UOB One Account’s interest rate drop?
From 1 September 2025, the maximum rate reduces from 3.30% to 2.50% p.a. as an adjustment by the bank. The account still gives you cashback and simple conditions.
What is the most fuss-free high-interest savings account on the list?
CIMB StarSaver. There is no salary crediting or card spend to track—just keep at least S$1,000 in the account and you earn up to 2.70% p.a. on the full balance up to S$5 million.
