9 Best Savings Accounts in Singapore (2026)
Nine personal savings accounts in Singapore open to new customers, from DBS, OCBC, UOB, Standard Chartered, CIMB and digital banks, and how each works.
- Edited by
- Amir Wahab
- Published
- Reading time
- 7 min read
AI image by LocalRankSingapore has a crowded field of personal savings accounts, and they are built quite differently. Some pay a plain rate with no conditions, while others add bonus interest when you credit a salary, use a card or buy other products from the same bank. This page lists nine named accounts that each bank's own site presents as open to new applicants. We describe how each account is structured, as the bank describes it, and we deliberately leave out interest rates, balances and promotions because they change. The order is editorial grouping, not a ranking, and this is a directory rather than advice. Read the bank's current product summary before opening one.
1. DBS Multiplier Account
DBS Bank's Multiplier Account is a personal multi-currency deposit account. The bank's support pages describe it as a bonus-interest style account: you credit income to it, then use DBS or POSB for other everyday banking, such as card or PayLah! spending, a home loan instalment, insurance or investments, and the bonus interest depends on how many of those categories you use. DBS says the preferential rate applies to the Singapore dollar balance and is paid after the month ends if the criteria are met. Its support pages say it can be applied for through the digibank app. The site carries the Singapore Deposit Insurance Corporation notice, which covers eligible Singapore dollar deposits. Check current terms with DBS.
2. OCBC 360 Account
The OCBC 360 Account is OCBC Bank's bonus-interest savings account. Its product page and terms describe a base interest on your balance plus extra interest you unlock by doing things with OCBC, including crediting your salary, growing your balance, spending on selected OCBC cards, and buying OCBC insurance or investment products. The bank notes that each customer may hold only one 360 Account as primary holder, and that statements are issued electronically rather than on paper. The page invites visitors to open the account and displays the SDIC deposit-insurance mark, which covers eligible Singapore dollar deposits. Because the bonus categories and conditions are set by the bank and can change, compare OCBC's current product summary with how you actually bank.
3. UOB One Account
UOB's One Account is a savings account whose interest is tiered by activity. UOB's product page describes a simple two-step approach: spend a set monthly amount on an eligible UOB card, then either credit your salary or make a few GIRO debit transactions each month, which unlocks bonus interest on top of the base rate. The bank says the bonus rate varies by balance tier and by which activities you complete. The page has an Apply now button, so it is presented as open to new applicants, and the UOB site carries the Singapore Deposit Insurance Corporation notice for eligible Singapore dollar deposits. Since qualifying amounts and tiers are set by UOB and change, check its current terms first.
4. UOB Stash Account
The UOB Stash Account takes a different route from UOB's card-linked accounts. According to the bank's product page, interest is made up of a base rate on all balances plus bonus interest that depends on whether you maintain or increase your monthly average balance compared with the previous month, with rates stepping up by balance tier. UOB also says there is no lock-in period, so funds can be accessed at any time while the account still earns interest monthly. The page offers an Apply now route and says eligible applicants can open the account online, for example through MyInfo or as an existing UOB customer. UOB's site shows the SDIC deposit-insurance notice. Read the current tiers and conditions on UOB's page.
5. Standard Chartered Bonus$aver Account
Standard Chartered's Bonus$aver Account is a bonus-interest account that the bank describes as a current account with multi-currency capability. Its page sets out a base interest on the whole deposit balance plus extra interest on a capped portion of the balance, unlocked through separate paths such as crediting a salary, spending on eligible cards, buying a regular-premium life insurance policy or investing in eligible unit trusts or equities. The page says the account is open to new customers, with age and eligibility requirements that depend on the card attached, and notes that foreigners as well as citizens and permanent residents may apply. The site includes the SDIC deposit-insurance notice. Confirm present conditions with the bank, as each path has its own rules.
6. CIMB FastSaver Account
CIMB FastSaver Account is described by CIMB Singapore as an online savings account for people who prefer to bank digitally without visiting a branch. The bank's product page says interest is tiered and that extra earnings are available through salary crediting, recurring transfers or credit card spending. CIMB's own help pages add that applications are accepted online only and that the account does not come with a cheque book, passbook or paper statements. The product page shows Apply Now buttons, which indicates it is open to new customers, and the CIMB site carries the Singapore Deposit Insurance Corporation notice for eligible Singapore dollar deposits. Because opening requirements, tiers and bonus conditions are decided by CIMB and can change, review its current terms before applying.
7. GXS Savings Account
GXS Savings Account comes from GXS Bank, a digital bank whose site states that it holds a banking licence and is regulated by the Monetary Authority of Singapore. The bank describes an app-based account with interest credited daily and a main account for everyday use, alongside separate pockets for organising savings: Saving Pockets for flexible, goal-based saving and Boost Pockets for fixed-term saving. The site says a customer can hold several pockets within one account. It shows the SDIC deposit-insurance mark in its footer and promotes sign-up for new customers. Rates on the pockets and any new-user offers are set by GXS and change, so check current terms and how each pocket handles withdrawals.
8. Mari Savings Account
The Mari Savings Account is offered by MariBank, a digital bank whose site states that it is licensed by the Monetary Authority of Singapore and is part of the deposit insurance scheme. MariBank describes it as a plain, app-based savings account with interest credited daily. Its site says there is no minimum deposit, no salary-crediting requirement and no fall-below fee, which makes it a different structure from the bonus-interest accounts above, where extra interest depends on meeting activity conditions. The page links to more information and to the app download, so the account is presented as available to new customers. Interest rates are set by the bank and can change, so confirm current terms with MariBank.
9. Trust Savings Account
Trust Bank's Trust Savings Account is a digital savings account that the bank offers in three plans: Flex, Signature and Zen. On its savings page, Trust says all plans share a base interest, the Flex plan lets customers customise which activities, such as spending, salary crediting or investing, unlock bonus interest, Signature adds bonus features automatically, and Zen is a flat-rate option with no conditions. The page invites new customers to open an account through the Trust app and shows the SDIC notice covering eligible Singapore dollar deposits, along with warnings about investment products. Trust's savings page also mentions saving pots for setting goals. Plan features and conditions are the bank's to change, so read the current plan comparison on its site.
How to choose
- Check that the account is offered by a bank that is licensed and regulated in Singapore, and look for the Singapore Deposit Insurance Corporation notice on its site. Deposit insurance covers eligible Singapore dollar deposits within the scheme's limits, but not foreign currency deposits or investment products, so read what the bank says is covered.
- Work out whether the account pays a plain rate or a bonus rate that depends on activity. Bonus-interest accounts usually require things like crediting a salary, card spending or buying insurance or investments from the same bank. Read each condition in the product summary and consider whether you would really meet it every month.
- Look closely at the fee schedule and account terms, not just the headline interest. Some accounts have minimum opening deposits, fall-below fees, early closure charges or limits on which balances earn bonus interest. These details are in the bank's product summary and terms and conditions, and they can change, so check them directly.
- Think about how you will use the account day to day. Digital banks are managed in an app with little or no branch access, while established banks offer branches, ATMs and a wider product range. Check customer support channels, how transfers work, and whether the account allows the withdrawals you expect.
- Remember that rates and bonus rules change often and that banks promote offers for new customers. Ignore temporary campaigns when comparing structure, and confirm current terms on the bank's own site before you apply. This list describes accounts but does not recommend one for you; consider your own circumstances or speak to a licensed adviser.
. No changes recorded since.
Founder and Editor
Amir Wahab is the founder and editor of LocalRank, an independent Singapore rankings and local guides publication.
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