OCBC Plus! Savings Account (the best)
Earn high interest rates from your first dollar with no lock-in period. This is more compared to the 0.100% p.a. interest rates offered on most regular statement savings accounts.
| Amount | Rate (% p.a.) | |||
| First S$50,000 | 0.200 | |||
| From S$50,001 to S$500,000 | 0.400 | |||
| Interest is only payable up for amounts up to S$500,000 | ||||
With no opening balance required or minimum monthly balance to maintain, you do not have to worry about paying any monthly service charges.
Maybank iSAVvy Savings Account - Minimum initial deposit of S$10 & S$2 per month if average daily balance falls below S$500
With iSAVvy Online Savings Account, you'll not only earn attractive interest but also special additional interest on interest* for your loyalty.| Average daily balance | Base Interest Rate | Interest-on-Interest
(paid every 6 months) |
Effective Interest Rate |
| Below S$5,000 | 0.1875% p.a. | - | 0.1875% p.a. |
| S$5,000 to below S$50,000 | 0.3000% p.a. | 6% | 0.3200% p.a. |
| S$50,000 to below S$100,000 | 0.3800% p.a. | 6% | 0.4000% p.a. |
| S$100,000 to below S$200,000 | 0.3800% p.a | 18% | 0.4500% p.a. |
| S$200,000 and above | 0.5000% p.a. | - | 0.5000% p.a. |
| Citibank Step-Up Interest Account (lowest interest rate among these 3 accounts) - S$10 monthly account service fee if you do not maintain a Total Relationship Balance (TRB) of minimum S$2,000 |
When you credit your monthly salary into your Citibank Step-Up Interest Account, you get a base rate of 0.01% p.a.3 which steps up to 0.13% p.a.3 over a 12-month period when you increase your balance in consecutive months.
If you have some cash to park temporarily, you may consider this.
OCBC Bonus + Account - no minimum monthly balance
Earn up to 1% a year when you deposit $10,000
You can earn higher interest if you do not make any withdrawals monthly or quarterly. 
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