High Interest Rate Accounts in Singapore 2026: Complete Guide to Maximizing Your Savings
Compare guaranteed interest rates from banks and robo-advisors. Find accounts earning up to 3.55% without insurance or investment requirements.
If youāre looking to grow your money without taking risks, high-interest savings accounts are a game-changer. But hereās the realityāmany banks advertise interest rates that look amazing until you dig into the fine print. Youāll find rates topping out at 6-8% p.a., but reaching those rates often means hitting multiple criteria: crediting your salary, spending minimums on credit cards, purchasing insurance, or investing in specific products.
In this guide, weāre stripping away the noise. Weāve analyzed 11 of Singaporeās best high-interest savings accounts and identified the realistic interest rates you can actually achieve without buying insurance products or making investments beyond your normal habits.
Understanding Interest Rate Criteria
Before we dive into individual accounts, letās clarify what weāre measuring:
Our Evaluation Criteria: We calculated effective interest rates for customers who meet these criteria:
- ā Salary crediting (monthly income transfer)
- ā Minimum credit card spending (regular monthly transactions)
- ā Minimum average balance requirements
What Weāre Excluding: We explicitly excluded interest rate bonuses from:
- š« Insurance product purchases****
- š« Investment product purchases (unit trusts, stocks, bonds)
- š« Other non-standard criteria (high spending thresholds, referral bonuses)
Why? Because not everyone can commit to buying these products, and we want to give you the realistic returns you can count on without changing your normal financial habits.
The Top Contenders: Bank Savings Accounts vs Robo-Advisors
Letās break down each account with detailed analysis of their interest structure, requirements, and real-world effective rates.
1. OCBC 360 Account
Official Website: https://www.ocbc.com/personal-banking/deposits/360-savings-account
Interest Rate Structure & Requirements
| Criteria | First S$75,000 | Next S$25,000 | Requirement |
|---|---|---|---|
| Base Interest | 0.05% | 0.05% | Just keep the account open |
| Salary Bonus | 1.20% | 2.40% | Credit ā„ S$1,800/month via GIRO/FAST/PayNow |
| Save Bonus | 0.40% | 0.80% | Increase average daily balance by ā„ S$500/month |
| Spend Bonus | 0.40% | 0.40% | Spend ā„ S$500/month on eligible OCBC credit cards |
Effective Interest Rate for S$50,000:
- Criteria Met: Salary, Save and Spend (most realistic combo without having to buy insurance or invest in products)
- Calculation:
- Base: 0.05%
- Salary: 1.20%
- Save: 0.40%
- Spend: 0.40%
- Total: 2.05% p.a.
- Annual Interest Earned: S$1,025
Effective Interest Rate for S$100,000:
- Criteria Met: Salary, Save and Spend (most realistic combo without having to buy insurance or invest in products)
- Calculation:
- First S$75k: 0.05% + 1.20% + 0.40% + 0.40% = 2.05%
- Next S$25k: 0.05% + 2.40% + 0.80% + 0.40% = 3.65%
- First S$75k @ 2.05% = S$1,537.50/year
- Next S$25k @ 3.65% = S$912.50/year
- Total: 2.45% p.a. (weighted average)
- Annual Interest Earned: S$2,450
Why We Used This Criteria: The OCBC 360 account makes it easy to qualify for salary and save bonuses without having to buy insurance or invest in products. Increasing your balance by S$500/month is a natural part of savingāyou donāt need to artificially pump money into the account.
Important Notes:
- Interest only applies to the first S$100,000.
- All interest rates were revised downward from August 1, 2025
- The account is insured by SDIC up to S$100,000
2. DBS Multiplier Account
Official Website: https://www.dbs.com.sg/personal/deposits/bank-earn/multiplier
Interest Rate Structure & Requirements
| Monthly Transaction Volume | Salary + 1 Category | Salary + 2 Categories | Salary + 3 Categories |
|---|---|---|---|
| S$500āS$15,000 | 1.80% (first S$50k) | 2.10% (first S$100k) | 2.40% (first S$100k) |
| S$15,000āS$30,000 | 1.90% (first S$50k) | 2.20% (first S$100k) | 2.50% (first S$100k) |
| S$30,000+ | 2.20% (first S$50k) | 3.00% (first S$100k) | 4.10% (first S$100k) |
Categories: Salary credit, Card/PayLah spend, Home loan repayment, Insurance, Investments
Effective Interest Rate for S$50,000:
- Criteria Met: Salary + 1 Category (S$500-S$15,000 card spend)
- Effective Rate: 1.80% p.a.
- Annual Interest Earned: S$900
Effective Interest Rate for S$100,000:
- Criteria Met: Salary + 1 Category (card spend S$500-15k)
- Calculation:
- First S$50k @ 1.80% = S$900
- Next S$50k @ 0.05% = S$25 (estimated)
- Total: 0.93% p.a. (weighted average)
- Annual Interest Earned: S$925
Why We Used This Criteria: DBS makes it rewarding to transact in multiple categories. Even if you canāt hit the high spending thresholds, combining salary credit with just card spending gets you to 1.80% on S$50k.
Important Notes:
- Balances above S$100,000 earn only 0.05% p.a.
- Card/PayLah spend must be transacted on eligible DBS/POSB cards
3. UOB One Account
Official Website: https://www.uob.com.sg/personal/save/everyday-accounts/one-account.page
Interest Rate Structure & Requirements
| Balance Tier | Card Spend + 3 GIRO | Card Spend + Salary (ā„S$1,600) |
|---|---|---|
| First S$75,000 | 1.0% | 1.0% |
| Next S$50,000 | 2.0% | 2.5% |
| Next S$25,000 | 0.05% | 3.4% |
Effective from December 1, 2025
Effective Interest Rate for S$50,000:
- Criteria Met: Card Spend (ā„S$500/month) + Salary (ā„S$1,600/month)
- Effective Rate: 1.0% p.a.
- Annual Interest Earned: S$500
Effective Interest Rate for S$100,000:
- Criteria Met: Same criteria
- Calculation:
- First S$75k @ 1.0% = S$750
- Next S$25k @ 2.5% = S$625
- Total: 1.38% p.a.
- Annual Interest Earned: S$1,380
Why We Used This Criteria: UOB One is simpleājust salary and card spend. No need to hit high transaction volumes or additional category requirements.
Important Notes:
- Maximum interest applies only to first S$150,000
- Balances above S$150,000 earn just 0.05% p.a.
- You can use either 3 GIRO payments OR salary credit as your second criterion
4. CIMB FastSaver Account
Official Website: https://www.cimb.com.sg/en/personal/banking-with-us/accounts/savings-accounts/cimb-fastsaver-account.html
Interest Rate Structure & Requirements
| Balance Tier | Base Rate | + Salary Credit | + Card Spend |
|---|---|---|---|
| First S$25,000 | 0.50% | +0.50% | +1.00% |
| Next S$25,000 | 1.08% | No bonus | No bonus |
| S$50,000āS$75,000 | 1.58% | No bonus | No bonus |
Salary: ā„S$1,000/month. Card Spend: ā„S$800/month on CIMB Visa Signature
Effective Interest Rate for S$50,000:
- Criteria Met: Salary credit only (most accessibleāminimum S$1,000/month)
- Calculation:
- First S$25k: 0.50% + 0.50% = 1.00%
- Next S$25k: 1.08% (no bonus on higher tiers)
- Weighted: 1.04% p.a.
- Annual Interest Earned: S$520
Effective Interest Rate for S$100,000:
- Criteria Met: Salary credit only
- Calculation:
- First S$25k: 0.50% + 0.50% = 1.00% = S$250
- Next S$25k: 1.08% = S$270
- Next S$25k: 1.58% = S$395
- Next S$25k: 0.50% = S$125
- Total: 1.04% p.a. (weighted average)
- Annual Interest Earned: S$1,040
Why We Used This Criteria: CIMB FastSaverās base rates are competitive, but the salary bonus is capped at just the first S$25,000. Card spending bonuses max out at S$25,000 too. After S$75,000, thereās no meaningful bonus, so we calculated the realistic scenario of salary credit only.
Important Notes:
- No minimum balance requirement or fall-below fees
- Interest accrues daily and credits monthly
- Fresh funds promotional rate: Up to 2.00% for the first S$25k (if salary + S$800 card spend)
5. Bank of China SmartSaver Account
Official Website: https://www.bankofchina.com/sg/bocinfo/bi1/
Interest Rate Structure & Requirements
| Criteria | Base | Bonus | Requirement |
|---|---|---|---|
| Base Interest | 0.10% | ā | All deposits |
| Card Spend Bonus | ā | 0.60%ā0.90% | S$750āS$2,500+ monthly |
| Salary Crediting | ā | 0.50% | S$3,000+ monthly to BOC MCS account |
| Bill Payment | ā | 0.10% | 3 GIRO/online payments ā„S$30 each |
Effective from November 1, 2025
Effective Interest Rate for S$50,000:
- Criteria Met: Salary (ā„S$3,000) + Card Spend (S$750āS$2,499) + Bill Payment (3x)
- Calculation: 0.10% + 0.50% + 0.60% + 0.10% = 1.30% p.a.
- Annual Interest Earned: S$650
Effective Interest Rate for S$100,000:
- Criteria Met: Same as above
- Effective Rate: 1.30% p.a. (capped at first S$100k)
- Annual Interest Earned: S$1,300
Why We Used This Criteria: To maximize BOC, you need to meet multiple criteria. The bill payment bonus is minimal (0.10%), but itās easy to achieve if youāre already crediting salary and making regular payments. Card spending of S$750āS$2,499 gives 0.60% bonus (more accessible than the 0.90% tier requiring S$2,500+).
Important Notes:
- Balances above S$100,000 earn up to 0.50% p.a. if you meet just one of the criteria (salary, card spend, or bill payment)
- Wealth product purchases add a 3.00% p.a. bonus, but we exclude this
- All interest accrues daily and credits monthly
6. Standard Chartered Bonus Saver Account
Official Website: https://www.standardchartered.com/sg
Interest Rate Structure & Requirements
| Criteria | Interest Rate | Requirement |
|---|---|---|
| Base Interest | 0.05% | All deposits |
| Salary Bonus | 1.00% | S$3,000+ monthly |
| Card Spend Bonus | 1.00% | S$1,000+ monthly on eligible cards |
| Insurance/Investment | 2.50% | Purchase qualifying products |
Effective from January 1, 2026 (Bill Payment bonus removed)
Effective Interest Rate for S$50,000:
- Criteria Met: Salary (ā„S$3,000) + Card Spend (ā„S$1,000)
- Calculation: 0.05% + 1.00% + 1.00% = 2.05% p.a.
- Annual Interest Earned: S$1,025
Effective Interest Rate for S$100,000:
- Criteria Met: Same as above
- Effective Rate: 2.05% p.a. (on first S$100k)
- Annual Interest Earned: S$2,050
Why We Used This Criteria: Standard Chartered has high headline rates in Singapore (up to 7.05% with insurance/investment). For our realistic scenario, we excluded the insurance/investment bonus. The bill payment bonus was removed as of January 1, 2026, so the achievable rate without insurance/investment is now 2.05% from salary + card spend.
Important Notes:
- Bill payment bonus was removed effective January 1, 2026
- Balances above S$100,000 earn lower rates
- Card spend must be ā„S$1,000 monthly to qualify for the 1.00% bonus
- Maximum interest rate is 7.05% p.a. (with insurance/investment bonuses)
7. Trust Bank Savings Account
Official Website: https://trustbank.sg/savings-account/
Interest Rate Structure & Plans
| Plan | Base Rate | Maximum with Criteria | Best For |
|---|---|---|---|
| Zen Plan | 0.50% p.a. | 0.50% p.a. | No-fuss, flat rate |
| Signature Plan | 0.10% p.a. | 1.30% p.a. | Salary + card spend + ADB ā„S$100k |
| Flex Plan | 0.10% p.a. | 2.50% p.a. | Choose any 3 from 8 bonus options |
Options include: salary, card spend, ADB, PayNow transfers, foreign currency spend, card referrals, and investing
Effective Interest Rate for S$50,000:
- Criteria Met: Zen Plan (no requirementsāflat 0.50%)
- Effective Rate: 0.50% p.a.
- Annual Interest Earned: S$250
Why Zen Plan? While the Signature and Flex plans offer higher rates, they require more complex conditions. The Zen Planās 0.50% is guaranteed with zero requirementsāno salary, no spending, no minimum balance. Itās ideal for emergency funds or transitional savings.
Effective Interest Rate for S$100,000:
- Criteria Met: Zen Plan
- Effective Rate: 0.50% p.a.
- Annual Interest Earned: S$500
Important Notes:
- Maximum interest applies to deposits up to S$1.2 million
- Above S$1.2 million earns just 0.05% p.a.
- You can switch plans monthly through the Trust app
- No monthly fees, no fall-below fees
8. UOB Stash Account
Official Website: https://www.uob.com.sg/personal/save/savings-accounts/stash-account.page
Interest Rate Structure & Requirements
| Balance Tier | Base Rate | Bonus (if MAB maintained/increased) |
|---|---|---|
| First S$10,000 | 0.05% | ā |
| Next S$30,000 | 0.05% | 1.35% |
| Next S$30,000 | 0.05% | 1.55% |
| Next S$30,000 | 0.05% | 1.95% |
Effective from December 1, 2025. No salary or card spend needed.
Effective Interest Rate for S$50,000:
- Criteria Met: Maintain or increase Monthly Average Balance (MAB)
- Calculation:
- First S$10k: 0.05% = S$5
- Next S$30k: 0.05% + 1.35% = 1.40% = S$420
- Next S$10k: 0.05% + 1.55% = 1.60% = S$160
- Total: 1.17% p.a. (weighted average)
- Annual Interest Earned: S$585
Effective Interest Rate for S$100,000:
- Criteria Met: Maintain or increase MAB
- Calculation:
- First S$10k: 0.05% = S$5
- Next S$30k: 0.05% + 1.35% = 1.40% = S$420
- Next S$30k: 0.05% + 1.55% = 1.60% = S$480
- Next S$30k: 0.05% + 1.95% = 2.00% = S$600
- Total: 1.51% p.a. (weighted average)
- Annual Interest Earned: S$1,505
Why We Used This Criteria: UOB Stash only requires you to maintain or increase your monthly average balanceāno salary, no card spending. If youāre already saving money each month, youāll naturally meet this requirement.
Important Notes:
- This account requires NO active transactionsājust keep your balance stable or growing
- No minimum balance requirement
- Pair with UOB One Account for maximum savings (can earn up to S$4,350/year combined)
9. GXS Saving Pocket
Official Website: https://www.gxs.com.sg/savings-account
Interest Rate Structure & Requirements
| Product | Interest Rate | Deposit Limit | Features |
|---|---|---|---|
| Saving Pocket | 1.18% p.a. | Up to S$95,000 total | Daily interest accrual, no requirements, no lock-in |
| Main Account | 1.08% p.a. | No limit | Daily interest accrual, no requirements, no lock-in |
Effective Interest Rate for S$50,000:
- Criteria Met: Saving Pocket (no requirements)
- Effective Rate: 1.18% p.a.
- Annual Interest Earned: S$590
Effective Interest Rate for S$100,000:
- Limitation: GXS caps deposits at S$95,000 in Saving Pockets
- Canāt achieve S$100,000 entirely in Saving Pockets
- Alternative: Split between Saving Pocket (S$95k @ 1.18%) and main account (S$5k @ 1.08%)
- Calculation:
- Saving Pocket: S$95k @ 1.18% = S$1,121
- Main Account: S$5k @ 1.08% = S$54
- Blended rate: 1.18% p.a. (weighted average)
- Annual Interest Earned: S$1,175
Why This Matters: GXS is excellent for deposits under S$95,000, but if you have S$100,000 to save, other accounts offer better single-product solutions.
Important Notes:
- Interest accrues daily and credits to your account automatically
- Saving Pocket deposit limit: S$95,000 total across all Saving Pockets
- Main Account has no deposit limit
- No minimum deposit required for either product
- No lock-in period for both Saving Pocket and Main Account (fully liquid)
- You can open up to 8 Saving Pockets
- Main Account earns 1.08% p.a. (use Saving Pocket instead for higher rate)
10. StashAway Simple Guaranteed
Official Website: https://www.stashaway.sg/r/simple-guaranteed-vs-fixed-deposit-ultimate-comparison
Interest Rate Structure
| Lock-In Period | Guaranteed Interest Rate |
|---|---|
| 1 Month | 1.20% p.a. |
| 3 Months | 1.15% p.a. |
| 6 Months | 1.15% p.a. |
| 12 Months | 1.15% p.a. |
Effective Interest Rate for S$50,000:
- Product: 1-month lock-in (most liquid option)
- Effective Rate: 1.20% p.a.
- Annual Interest Earned: S$600
Effective Interest Rate for S$100,000:
- Product: 1-month lock-in
- Effective Rate: 1.20% p.a.
- Annual Interest Earned: S$1,200
Why StashAway Simple Guaranteed? This is a robo-advisorās fixed-deposit product. You get a guaranteed return with zero hoopsāno salary requirements, no card spending, no minimums or maximums. Funds are placed in fixed deposits with MAS-regulated banks, so youāre not taking on risk.
Important Notes:
- No fees ā the 1.20% is what you actually receive
- No minimum or maximum deposit amounts
- You can withdraw after the lock-in period ends
- Rates refresh monthly, so you might lock in different rates at different times
- Can be used for both regular savings and SRS accounts
11. Syfe Cash+ Guaranteed
Official Website: https://www.syfe.com/cash-management/cash-plus-guaranteed
Interest Rate Structure
| Lock-In Period | Guaranteed Interest Rate (SGD) |
|---|---|
| 1 Month | 1.15% p.a. |
| 3 Months | 1.40% p.a. |
| 6 Months | 1.40% p.a. |
| 12 Months | 1.45% p.a. |
Effective Interest Rate for S$50,000:
- Product: 1-month lock-in (most liquid)
- Effective Rate: 1.15% p.a.
- Annual Interest Earned: S$575
Effective Interest Rate for S$100,000:
- Product: 1-month lock-in
- Effective Rate: 1.15% p.a.
- Annual Interest Earned: S$1,150
Why Syfe? Like StashAway, Syfe is a robo-advisor offering guaranteed returns through fixed deposits with partner banks. The rates are locked in when you make the deposit, so no surprises.
Important Notes:
- No management fees on Cash+ Guaranteed (unlike their flexi product)
- Syfe optimizes bank rates for youāno need to shop around
- No minimum or maximum deposit
- Funds are locked in for the chosen period (cannot withdraw early)
- Slightly lower rate than StashAway, but equally reliable
Summary Comparison Table
Hereās the side-by-side comparison of all accounts with realistic effective interest rates:
| Account | Effective Rate (50k) | Effective Rate (100k) | Key Requirement |
|---|---|---|---|
| Standard Chartered Bonus Saver | 2.05% | 2.05% | Salary + Card Spend |
| DBS Multiplier | 1.80% | 0.93% | Salary + 1 category |
| OCBC 360 | 2.05% | 2.45% | Salary + Save + Spend |
| BOC SmartSaver | 1.30% | 1.30% | Salary + Card Spend + Bill Pay |
| UOB Stash | 1.17% | 1.51% | Maintain/increase MAB only |
| GXS Saving Pocket | 1.18% | 1.18% (at 95k) | No requirements |
| StashAway Simple Guaranteed | 1.20% | 1.20% | 1-month lock-in |
| Syfe Cash+ Guaranteed | 1.15% | 1.15% | 1-month lock-in |
| CIMB FastSaver | 1.04% | 0.95% | Salary only |
| UOB One | 1.00% | 1.38% | Salary + Card Spend |
| Trust Bank (Zen Plan) | 0.50% | 0.50% | Zero requirements |
Which Account Should You Choose?
For Maximum Returns (No Lock-In):
š OCBC 360 ā 2.45% on S$100k with salary, save, and spend. No lock-in, fully liquid.
For No-Fuss Savings:
š UOB Stash ā 1.51% on S$100k with zero salary/card spend requirements. Just maintain your balance.
For Guaranteed Returns with Flexibility:
š StashAway Simple Guaranteed ā 1.20% with 1-month lock-in. Zero requirements, zero fees.
For Emergency Funds (Truly Zero Requirements):
š Trust Bank Zen Plan ā 0.50% flat rate with no conditions. Perfect for cash reserves.
For Mid-Range Returns with Effort:
š DBS Multiplier ā 1.80% on S$50k or 2.10% on S$100k if you can transact across 2+ categories (with 1 category, expect 0.93% on S$100k).
Final Takeaway
Donāt fall for advertised rates. Most Singapore banks advertise 6-8% interest, but reaching those rates requires purchasing insurance or investment products. The accounts weāve highlighted deliver realistic, achievable returns based on everyday financial habits: crediting your salary and managing regular expenses.
The winner? OCBC 360 at 2.45% p.a. on S$100k is the best for customers who can meet salary + save + spend criteria. Standard Chartered Bonus Saver offers 2.05% with salary + card spend (bill payment bonus was removed in 2026). For those who want zero effort, UOB Stash at 1.51% is hard to beat.
Compare your own situation, choose the account that fits your financial habits, and start earning more on your money in 2026.
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