Quick answer: If your savings are earning next to nothing, these online accounts turn your everyday banking into real returns. DBS Multiplier and OCBC 360 reward you for what you already do—card spend, salary credit, investments—while UOB One keeps it simple with just two requirements. For the highest headline rate, Standard Chartered Bonus$aver goes all the way up to 8.05% p.a., but you’ll need to line up a few ducks. And if you’d rather not think about conditions at all, CIMB FastSaver and GXS Savings Account let you deposit and earn without the fuss.
You don’t need to be a finance pro to make your savings work harder. The secret is lining up an online savings account that fits the way you already spend and earn—then watching the interest tick up with almost no extra effort. It’s like getting paid for things you’re doing anyway. From stacking bank rewards to leaving deposits untouched, there’s a clever fit for every style. Let’s find yours.
Looking more broadly? Best Bank Accounts & Savings in Singapore gathers all 21 guides on this, so you can scan the field first.
How to choose
Picking a savings account is about matching what you already do with what the bank needs from you. If you have a steady salary GIRO’d in every month, almost every account here will give you a bonus. If you’re a big credit card spender, look for one that ties higher rates to card transactions. Hate minimum balances? CIMB FastSaver and GXS Savings Account don’t penalise you for letting your balance dip. And always check the cap on the high-interest balance—most top out between S$50,000 and S$150,000, after which the rate drops. Rates can shift, so give the bank’s site a glance before you commit.
This list is editorial, not advertising. Run something similar? Tell us what you do and we will take a look.
DBS Multiplier Account
DBS built the Multiplier for people whose money moves in lots of directions—a home loan here, some insurance premiums there, maybe a regular investment plan. The more categories your transactions fall into, the higher your interest climbs, topping out at 4.10% p.a. on your first S$100,000.
You don’t even need a salary credit if you have other passive income streams like dividends or rental, which makes it a rare pick for retirees who still want a meaningful return. Pair it with a DBS credit card, a home loan, and a bit of insurance, and the rate really comes alive. The bank’s digital tools are solid too—you can track your bonus progress right inside the app, no guesswork needed.
Where to find them
12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982
Phone: 1800 111 1111 (local) or +65 6327 2265 (overseas)
Mon–Fri 8:30am–4pm, Sat 8:30am–12:30pm
DBS Multiplier Account
Good for someone who already has a few DBS products and doesn’t mind checking a table each month to see if they hit two or three categories. If you’re salary-credited but not a big spender, you’ll still earn something decent, just not the full fireworks.
If your money already has a life of its own—dividends hitting, loan repayments, credit card bills—this account turns that busy flow into higher interest without you lifting a finger. It’s the closest thing to autopilot. Shiok, right? No need to restructure your finances; just let them work together.
OCBC 360 Account
The OCBC 360 Account has been around long enough that most working Singaporeans have either tried it or heard a friend rave about it. It works like a modular buffet: you stack bonus interest by doing things such as crediting your salary (min S$1,800), growing your balance by S$500 a month, spending on an OCBC card, taking up insurance, or investing. Max out all the modules and you can get an effective rate of up to 5.45% p.a. on your first S$100,000.
Because the bonuses are independent, you can pick and choose which ones fit your life. Not someone who buys insurance through a bank? Fine, skip that module and still collect the others. The trade-off is that you’ll need to pay attention to the conditions—forget to increase your balance one month and that bonus evaporates, sian but fair.
Contact & location
Phone: 1800 363 3333
Main branch at 63 Chulia Street #10-00 OCBC Centre East, Singapore 049514; full branch network across the island. Branches typically Mon–Fri 9am–4:30pm, Sat 9am–11:30am.
OCBC 360 Account
Ideal if you enjoy squeezing every bit of interest out of your regular habits and don’t mind a little admin. The savings grow fast once you get into a rhythm, and the complimentary perks like subscriptions are a nice touch.
While you’re sorting out your savings, you might want to have a look at other high-yield options. Our guide on Savings Accounts with High Interest Rates in Singapore digs deeper into what’s on offer.
Think of it like ordering zi char: pick only the dishes that make sense for you. Salary credit and card spend are the staples—add insurance or investments only if they fit your lifestyle naturally. Otherwise, just enjoy the base interest from what you’re already doing.
UOB One Account
UOB One is the account for people who just want to set and forget—two requirements, full stop. Spend S$500 a month on a UOB card and credit your salary of at least S$1,600 via GIRO, and you unlock up to 3.30% p.a. on balances up to S$150,000. No insurance forms, no investment statements, no “did I meet my incremental balance this month?” panic.
The rate itself isn’t the flashiest on paper, but it’s remarkably steady and the tiered structure means even the first S$15,000 earns decent interest. Sometimes UOB runs promotions that bump the effective rate much higher for the first few months, so keep an eye out for those if you’re ready to park a lump sum.
Where to go
80 Raffles Place, UOB Plaza, Singapore 048624
Phone: 1800 222 2121
Mon–Fri 9:30am–4:30pm, Sat 9:30am–12:30pm
UOB One Account
Perfect for someone who already banks with UOB and uses their credit card for daily expenses. The low cognitive load is the real selling point—you hit the two triggers and your savings just chug along earning better rates while you sleep.
This list is editorial, not advertising. Run something similar? Tell us what you do and we will take a look.
This one is for the ‘don’t make me think’ crowd. Set up GIRO salary, swipe your card for daily spends, and that’s it—your interest ticks away quietly. No need to remember if you hit some insurance target. Solid, hassle-free saving.
Standard Chartered Bonus$aver Account
If you’re the sort who reads the fine print and says “challenge accepted,” Standard Chartered’s Bonus$aver is where the numbers get properly exciting—up to 8.05% p.a. on your first S$100,000. That’s not a typo lah, but you’ll need to bring a salary credit of at least S$3,000, S$1,000 in monthly card spend, and buy some insurance or make an investment through the bank.
The rate applies uniformly across the whole S$100,000, no tiering games, so every dollar works at the same high pitch once you meet the conditions. It’s the kind of account a high-earning professional who already plans to invest and insure anyway can milk for serious passive income.
Max out returns with this account if you’re spreadsheet-inclined. The interest rate is extra shiok, but only if you were already planning on that insurance or investment. Don’t anyhow sign up just for the rate—make sure it fits your real life.
Contact
8 Marina Boulevard, #27-01, Marina Bay Financial Centre, Singapore 018981
Phone: +65 6747 7000
Mon–Fri 10am–5pm
Standard Chartered Bonus$aver Account
Suits someone whose monthly spending and financial commitments align neatly with the bank’s bonus categories. Not for the casual saver, but if your salary is healthy and you were going to buy a plan anyway, the headline rate is damn shiok.
CIMB FastSaver Account
CIMB FastSaver is the account you open when you just want your money to earn something—anything—without having to rearrange your whole financial life. It starts at 0.88% p.a. on the first S$25,000 with zero conditions, and if you happen to credit your salary of S$1,000 via GIRO and spend a little on a CIMB card, you can push that up to 2.88% p.a. across higher tiers.
No fall-below fee, no minimum balance stress, and the application is fully online. It’s the quiet, efficient account that doesn’t demand constant attention—ideal if you’re building an emergency fund or keeping cash liquid for opportunities.
Get in touch
30 Raffles Place, #04-01, Singapore 048622
Phone: +65 6333 7777
Mon–Fri 9am–4:30pm, Sat 9am–1pm
CIMB FastSaver Account
A solid choice for students, freelancers with irregular income, or anyone who wants a clean, low-maintenance home for their savings without watching the clock on card spend each month.
Once you’ve parked your savings in a good spot, you might be thinking about putting your credit card to work on things you actually enjoy. Our review of Online Shopping Platforms in Singapore can help you spend a little smarter.
Open this when you want your savings to earn something without jumping through hoops. Even the base rate is respectable, and if you casually credit your salary, the boost comes without pressure. No fall-below fee means it’s perfect for your emergency fund or that ‘just in case’ stash. Effortless.
GXS Savings Account
Backed by Grab and Singtel, GXS is a digital-only bank that keeps things refreshingly simple: open Savings Pockets, deposit your cash, and earn 1.98% p.a. with no salary requirement, no card spend quota, and no lock-in. You can stash up to S$95,000 across multiple pockets, and interest gets calculated daily.
The app is clean and intuitive—you won’t find yourself hunting for hidden menus. Because there’s no branch and no paperwork, the experience feels light and modern, the kind your younger self would have loved back when you were scraping together your first few thousand.
If you live on your phone, this digital bank feels like home. Create savings pockets, drop in money from your Grab rides or freelance gigs, and watch daily interest roll in. No minimum, no lock-in, no need to agak agak whether you hit a target. Just clean, simple growth.
Contact
3 Media Close, #09-03, Singapore 138498
Phone: 1800 866 6685 (local) or +65 6866 6685 (overseas)
Mon–Fri 9am–6pm
GXS Savings Account
Great for digital natives and anyone who wants a hassle-free way to earn a decent base rate while keeping funds instantly accessible. If you’re already deep into the Grab ecosystem, it also ties in nicely with your daily habits.
UOB Stash Account
UOB Stash is the quiet companion to the One Account, for people who would rather earn interest by simply leaving their money alone. No salary credit or card spend needed—just make sure your balance this month is at least as high as last month’s, and you’ll earn up to 2.045% p.a. on amounts up to S$100,000, with rates stepping up through the tiers.
It’s one of the few accounts that rewards saving without spending, which feels almost old-school in the best way. And because it can sit alongside UOB’s other promotions, you can pair it with a One Account and play both sides of the field.
Branch details
80 Raffles Place, UOB Plaza, Singapore 048624
Phone: 1800 222 2121
Mon–Fri 9:30am–4:30pm, Sat 9:30am–12:30pm
UOB Stash Account
Fits someone who already has a daily transaction account and wants a separate place to grow a lump sum without touching it. If you’re disciplined enough to let the balance sit, this one rewards patience rather than spending.
Comparison table
| Account | Max rate (p.a.) | Balance cap for high rate | Main conditions | Best if you… |
|---|---|---|---|---|
| DBS Multiplier | 4.10% | S$100,000 | Income credit + transactions in 2–4 categories (card, home loan, insurance, investments) | Already juggle multiple DBS products |
| OCBC 360 | 5.45% effective | S$100,000 | Salary credit S$1,800; save S$500 more; card spend; insurance; investments | Want to stack bonuses from several activities |
| UOB One | 3.30% | S$150,000 | S$500 card spend; S$1,600 salary credit | Prefer just two simple requirements |
| Standard Chartered Bonus$aver | 8.05% | S$100,000 | S$3,000 salary credit; S$1,000 card spend; insurance or investment | Can align big-ticket commitments for maximum return |
| CIMB FastSaver | 2.88% | Check with the business | Nothing for base rate; bonus for GIRO salary S$1,000 and card spend | Want zero-fuss, no-fee saving |
| GXS Savings Account | 1.98% | S$95,000 across pockets | None | Prefer a digital-only, instantly accessible account |
| UOB Stash | 2.045% | S$100,000 | Maintain or increase balance monthly | Want interest by simply not withdrawing |
Summary
There’s no single best account for everyone—your ideal pick depends on whether you’d rather put in a little effort for a much higher rate, or keep things absolutely fuss-free. The DBS Multiplier and OCBC 360 reward financial multitasking, UOB One keeps it dead simple, and the Standard Chartered Bonus$aver throws out a rate that makes people do a double take. On the other end, CIMB FastSaver and GXS Savings Account prove you can still earn without jumping through hoops, while UOB Stash rewards the quiet savers among us.
This list is editorial, not advertising. Run something similar? Tell us what you do and we will take a look.
Disclaimer: Details can change. Interest rates and conditions shift as banks update their offers, so always confirm directly with the business before opening an account.
Frequently asked questions
This account is for the disciplined saver who treats their balance like a personal best. No need to spend, no salary credit required—just make sure your balance this month is at least as high as the last. It’s the quiet satisfaction of watching your money grow on its own terms.
Do all high-interest savings accounts in Singapore require a salary credit?
No, several accounts earn interest without salary credit. CIMB FastSaver gives you a base rate with no conditions; GXS Savings Account offers 1.98% p.a. with no requirements; and UOB Stash only asks that you maintain or increase your balance monthly.
Which online savings account in Singapore has the highest interest rate?
Standard Chartered Bonus$aver can go up to 8.05% p.a. on the first S$100,000 when you meet the conditions—salary credit of S$3,000, S$1,000 monthly card spend, and an insurance or investment purchase through the bank.
I’m a retiree without a regular salary. Which account suits me best?
The DBS Multiplier Account is a strong pick because it accepts passive income such as dividends or rental payments instead of salary credit, and you can still unlock bonus interest through card spend, insurance, or investments. CIMB FastSaver and GXS Savings Account also work well because they don’t require any salary credit at all.
Can I lose interest if I miss a requirement one month?
Yes, for most bonus-interest accounts, the higher rate resets each month based on whether you meet the criteria. On OCBC 360, for example, if you don’t increase your balance by S$500 in a given month, you lose that month’s save bonus. Similarly, missing a card spend or salary credit typically means you only earn the base rate for that month.
Is there a maximum amount on which I can earn high interest?
Each account has a cap. DBS Multiplier and OCBC 360 cap bonus interest at S$100,000. UOB One goes up to S$150,000. Standard Chartered Bonus$aver covers the first S$100,000. GXS allows up to S$95,000 across Savings Pockets, while CIMB FastSaver’s highest tier applies to the next S$25,000 after the first S$25,000, up to S$75,000. Balances above the cap usually earn a lower base rate.
Are digital-only savings accounts like GXS safe?
Yes, GXS is a digital bank regulated by the Monetary Authority of Singapore and backed by Grab and Singtel. Deposits are insured up to S$75,000 under the Singapore Deposit Insurance Corporation, similar to traditional banks.
