Best Savings Accounts with High-Interest Rates in Singapore [2025]

While many standard savings accounts in Singapore still offer base interest rates as low as 0.05% p.a., a growing number of banks have rolled out high-interest options that reward everyday banking habits.

From crediting your salary to spending on linked cards or growing your account balance, it’s now possible to earn rates of up to 7.51% p.a.—a significant boost for anyone looking to grow their cash efficiently.

In this guide, we compare the best high-interest/ high-yield savings accounts in Singapore, outline what you need to qualify for those rates, and help you pick the right fit for your financial goals.

All accounts featured here are insured up to S$100,000 per depositor under the Singapore Deposit Insurance Corporation (SDIC), so you can save with peace of mind.

What are High-Interest Savings Accounts, and What Sets Them Apart?

High-interest savings accounts primarily differ from regular savings accounts due to the higher annual percentage yield (APY) they offer. This feature alone can make a substantial difference in the growth of your savings over time thanks to compound interest.

For savvy savers, another appeal of these accounts lies in their ability to generate greater earnings from their savings without the risk associated with investing in stocks or bonds. It's a safe harbour that not only preserves capital but also incrementally increases it, making these accounts particularly appealing for long-term savers and those building an emergency fund, saving up for major life milestones, or starting to plan for retirement.

However, high-interest savings accounts may also come with specific requirements or conditions such as minimum balance requirements, limited transactions per month, or the need to link to another account within the same financial institution to unlock the highest rates in a tiered interest system. 

Despite these potential stipulations, the allure of increased earnings on savings balances makes navigating these requirements worthwhile for many.

Popular High-Interest Savings Accounts in Singapore

For the purposes of this guide, we’ve taken a look at some of the top high-interest savings accounts in Singapore.

*Data as of 2 June 2025

In-depth comparison: High-interest savings account offered by bank

While the summary tables above give a quick snapshot, not all high-interest savings accounts are created equal. Each bank has its own conditions and account features. Here's a detailed breakdown of what each major bank in Singapore offers — and what to expect when trying to earn their headline rates.

Standard Chartered Bonus$aver Account 

The Bonus$aver Account from Standard Chartered offers one of the highest potential savings interest rates in Singapore — up to 6.05% p.a.. Interest is earned from your first dollar, with bonus interest added when you meet certain spending, salary, investment, and insurance requirements. The more categories you unlock, the higher your total interest rate.

*Data as of 2 June 2025

✅ Why choose Standard Chartered?

The Bonus$aver Account is ideal for high-income earners who are already investing or insuring through Standard Chartered, or plan to. It offers one of the highest potential interest in Singapore at 6.05% p.a., with rewards across multiple banking categories. While the requirements are demanding, customers who actively use SCB’s ecosystem can maximise their returns efficiently.

UOB One Account

The UOB One Account makes it easy to earn bonus interest with just two simple actions: spend a minimum of S$500/month on an eligible UOB card and either credit your salary (≥ S$1,600/month) or make 3 GIRO payments. This streamlined setup offers one of the most attractive interest rates of up to 5.30% p.a., applicable to deposits of up to S$150,000.

*Data as of 2 June 2025

✅ Why choose UOB?

The UOB One Account stands out for its simplicity and strong upside. With just two conditions — credit card spend and either salary or GIRO — you can unlock up to 5.30% p.a. on savings up to S$150,000. The structure is especially beneficial for salaried individuals who use UOB cards for everyday expenses, offering one of the highest effective returns among traditional banks without complex hoops.

UOB Stash Account

The UOB Stash Account is built for long-term savers who prefer stability without complicated hoops. You earn bonus interest as long as you maintain or grow your account balance from the previous month — no credit card spend or GIRO transactions required. This makes it ideal for users who want passive returns on their idle funds, with up to 5.00% p.a. on balances up to S$100,000.

*Data as of 2 June 2025

✅ Why choose UOB Stash?

If you’re the type who simply parks your money and leaves it untouched, UOB Stash rewards you for doing just that. With no transactional requirements or salary credits needed, this account is a great fit for savvy savers and passive investors. Plus, there's no lock-in, so your money stays fully accessible while earning up to 5.00% p.a. — a compelling alternative to fixed deposits without the liquidity trade-off.

OCBC 360 Account

The OCBC 360 Account is a high-yield savings option tailored for users who actively manage their finances. You can unlock bonus interest across six different categories: salary crediting, increasing your savings, card spend, insurance, investments, and account balance. Each action stacks additional interest on top of the base rate, allowing you to earn up to 6.30% p.a. on your first S$100,000.

*Data as of 2 June 2025

OCBC 360 is one of the most flexible accounts for active savers who want to maximise returns through everyday financial activities. If you credit your salary, save consistently, and use an OCBC credit card, you already qualify for a strong base of bonus interest. Add insurance or investments, and you can unlock even more. It’s great for those comfortable managing multiple conditions, offering up to 6.30% p.a. in total returns — one of the highest in the market.

Citi Wealth First Account

Citi’s Wealth First Account is tailored for high-net-worth individuals who want to grow their savings through a combination of banking and wealth activities. You can unlock bonus interest by performing qualifying actions across five categories — from spending to investing — with interest rates stacking up to an impressive 7.51% p.a. on deposits of up to S$500,000. While the base rate starts at a modest 0.01% p.a., the power lies in how you build your relationship with Citi to earn more. 

*Data as of 2 June 2025

✅ Why choose Citi Wealth First?

Citi Wealth First is best suited for affluent savers who are already engaged in multiple financial activities like investing, borrowing, or buying insurance. It’s one of the few savings accounts in Singapore offering rates above 7% p.a., but that comes with conditions — including the need to be a Citigold Private Client. If you qualify, it’s a rewarding option that treats your wealth-building efforts holistically, rewarding your relationship across spending, saving, and investing. It’s ideal if you want to consolidate all your financial activities under one platform and get rewarded with high returns.

BOC SmartSaver Account

The BOC SmartSaver Account is a tiered savings account that rewards you based on how many eligible activities you complete each month — including spending, salary crediting, bill payments, and investing. You can earn bonus interest on your first S$100,000 of deposits, with a base interest rate of up to 0.40% p.a., and up to 6.00% p.a. in total when all bonus categories are fulfilled. If your balance exceeds S$100,000, you may earn an extra 0.60% p.a. on balances up to S$1 million, provided you meet certain criteria.

*Data as of 2 June 2025

✅ Why choose BOC SmartSaver?

If you’re looking to build a well-rounded savings strategy, BOC SmartSaver rewards you across multiple areas — spending, saving, investing, and bill management. With one of the highest potential interest rates in the market at up to 6.00% p.a., it’s ideal for active users who can meet all the conditions. Plus, there’s an extra tiered interest for balances beyond S$100K, making it especially attractive for high depositors looking to grow their wealth across multiple categories.

DBS Multiplier Account

The DBS Multiplier Account offers flexible ways to earn bonus interest, especially if you already use DBS for salary crediting, spending, investments, insurance, or home loans. The more transaction categories you fulfil, the higher your interest rate—up to 4.10% p.a. for balances up to S$100,000. You’ll need to credit your income and transact in at least one other category to unlock the higher tiers, though younger users can still earn bonus interest with just credit card spend.

Bonus interest if without income:

*Data as of 2 June 2025

✅ Why choose DBS Multiplier?

DBS Multiplier is one of the most versatile accounts for customers who already bank with DBS/POSB. You don’t need to invest large sums or lock in your funds—just transact regularly and fulfil one or more categories. It’s particularly attractive for younger users who can earn 1.50% p.a. with just credit card spending, without needing a salary credit. For regular working professionals with multiple products, the interest can go up to 4.10% p.a., making it one of the more rewarding options for active banking users.

HSBC Everyday Global Account (EGA)

The HSBC Everyday Global Account is a multi-currency savings account that offers promotional interest rates for new funds deposited between May and July 2025. This account is designed for individuals who manage their finances actively and are looking to maximize their savings returns during this promotional period.

*Data as of 2 June 2025

Note: Bonus interest is applicable to incremental average daily balances of fresh funds up to S$5 million. The promotional rates are valid for deposits made from May to July 2025.

✅ Why choose HSBC Everyday Global Account?

The HSBC Everyday Global Account is ideal for individuals looking to take advantage of promotional interest rates on new deposits. With the potential to earn up to 3.70% p.a. During the promotional period, this account offers a competitive return for those who can meet the specified criteria. Additionally, the account's multi-currency feature provides flexibility for international transactions, making it suitable for frequent travelers or those dealing with multiple currencies.

Citibank Interest Booster Account

The Citibank Interest Booster Account is designed for customers looking to grow their SGD savings through everyday banking activities. Starting with a generous 1.5% p.a. base interest, users can unlock additional bonus interest by fulfilling specific actions across six lifestyle and financial categories — making it one of the most holistic savings plans available. You can earn up to 4.0% p.a. on your SGD savings when you meet all criteria.

*Data as of 2 June 2025

✅ Why choose Citibank Interest Booster?

If you’re looking for a savings account that rewards you beyond just deposits, Citibank’s Interest Booster is a powerful tool. With a high base rate of 1.5% p.a., the account caters to customers who are already active across multiple financial areas — spending, investing, insuring, and even celebrating. While the maximum 4.0% p.a. is ambitious, most users can unlock substantial bonus interest by fulfilling just a few of the categories. It's especially attractive for Citi home loan holders or insurance clients looking to consolidate their financial activity in one place.

CIMB FastSaver Account

The CIMB FastSaver Account offers a simple way to earn higher interest on your SGD savings — with up to 3.19% p.a. on the first S$25,000 balance if you meet specific activity criteria. Interest is accrued daily and credited at the end of each month, making it an attractive option for both passive and active savers.

This account is especially rewarding for customers who credit their salary and use a CIMB Visa Signature Credit Card for monthly spending.

*Data as of 2 June 2025

✅ Why choose CIMB FastSaver?

CIMB FastSaver is a strong contender if you prefer tiered interest without complex hoops. The account’s high base rates — already up to 2.70% p.a. without any action for larger balances — are a major draw. But for those keen to maximise earnings on the first S$25,000, simply crediting your salary and spending on a CIMB Visa Signature Card (≥S$800 monthly) can unlock the full 3.19% p.a. With no fall-below fees or lock-in periods, it’s a flexible choice for both everyday banking and goal-based saving.

Maybank SaveUp Account

The Maybank SaveUp Account offers tiered bonus interest when you take up eligible Maybank products — such as a home loan, insurance, investment, or education loan. The more products you link, the higher the bonus interest you receive on your first S$75,000 in savings.

You’ll earn up to 3.75% p.a. in bonus interest (on the next S$25,000 tier) if you take up three or more products, and when combined with the base interest of up to 0.25% p.a., you can enjoy a total rate of up to 4.00% p.a. — but only on that portion of your balance.

*Data as of 2 June 2025

✅ Why choose Maybank SaveUp?

This account is ideal for those who already use Maybank’s other financial products. If you’ve taken up multiple services with the bank, you can maximise your returns without having to hit high spending requirements. Just note that the advertised 4% p.a. rate only applies to part of your balance, and only when all bonus conditions are fulfilled.

SIF GoSavers Account

SIF’s GoSavers Account offers a tiered interest structure that rewards you progressively as your balance grows. With no complex requirements like credit card spend or salary crediting, it’s a simple, fuss-free option for savers who just want their deposits to work harder.

*Data as of 2 June 2025

✅ Why choose SIF GoSavers?

SIF GoSavers is ideal for those looking to grow larger deposits without jumping through hoops. The account delivers competitive rates on high balances, especially for the first S$100,000. With no salary credit or monthly transaction criteria, it’s a straightforward savings account for individuals who prefer to keep things simple while still earning above-average interest.

Trust Bank Savings Account

The Trust Bank Savings Account offers a base interest rate of 0.75% p.a. on balances up to S$800,000, with the potential to earn up to 2.75% p.a. when you meet simple bonus criteria. With no complex tiers or lock-ins, it's ideal for users who want daily interest and full flexibility.

*Data as of 2 June 2025

✅ Why choose Trust Bank?

If you want to earn daily interest without fuss, Trust Bank makes it simple. With up to 2.75% p.a. on balances up to S$800,000, it's one of the most accessible and generous accounts in the market. There's no tiered cap for different deposit amounts, and all interest is calculated daily and credited monthly, offering consistent compounding without fixed-term commitment.

GXS Savings Account

The GXS Savings Account by Grab and Singtel is designed to give you flexible, goal-based savings while earning up to 2.28% p.a. (with Boost Pockets). With daily interest payouts, no fees, and no lock-in period, it’s built for everyday savers who want more control over their money.

*Data as of 2 June 2025

✅ Why choose GXS?

The GXS Savings Account offers one of the highest base interest rates in Singapore — no need to credit salary or jump through hoops. With automated pockets, daily earnings, and cashback on spending, it’s great for both passive savers and digital-first users. Whether you're stashing for bills, travel, or splurges, GXS makes saving flexible, intuitive, and rewarding.

Standard Chartered JumpStart Account

The JumpStart Account is built for young adults and students aged 18 to 26, offering attractive interest on savings without the hassle of fees or lock-ins. It's a simple, no-frills account that still delivers strong returns on your first S$50,000.

*Data as of 2 June 2025

✅ Why choose JumpStart?

If you’re between 18 and 26, the JumpStart Account is one of the easiest ways to earn a high 2.00% base interest with no hoops. There's no minimum deposit, no fall-below fees, and no salary requirement, making it perfect for students, NSF, or early-career savers. With the option to boost returns by investing, it’s also a smooth transition into learning how to grow your money.

RHB High Yield Savings Plus Account

The RHB High Yield Savings Plus Account offers a tiered interest structure, meaning the more you deposit, the more you earn—especially attractive for those with over S$100,000 in savings. There are no hoops or spending conditions, just straight-up interest on your balance.

*Data as of 2 June 2025

✅ Why choose RHB High Yield Savings Plus?

If you're a high-balance saver who prefers to skip complex reward conditions, this account is a solid choice. With interest rates that increase as your balance grows, RHB’s tiered approach rewards long-term savers—no need for credit card spending, salary credit, or bill payments. It’s ideal for those who want predictable returns without locking in funds.

Realistic Returns Based on Common Scenarios

Each of these high-interest savings accounts has its own benefits and disadvantages, making them ideal for account holders at different life stages. 

However, it’s important to note that these highest rates are only achievable if you fulfil all of the criteria set out by the bank. This is unrealistic for most people who can’t meet such monthly spending requirements or don’t plan to concentrate their entire financial life on one provider.

Realistically, then, the minimum interest rate you might get from these accounts might be closer to:

*Data as of 2 June 2025

While these interest rates are still higher than some other savings accounts in the market, it can be a big difference from the 1.80% to 7.51% p.a. rates above.

So how can you maximise your gains from your savings? The first step is to understand which account suits your current stage of life best.

For Fresh Graduates Who Are Starting Their Savings Journey

The transition from academia to the workforce marks a significant phase in one's life, especially for fresh graduates. During this period, establishing a solid financial foundation is key.

Fresh graduates often focus on building an emergency fund and saving for future milestones, such as further education, travel, or purchasing a home. 

Some of the standout accounts for fresh graduates in Singapore are:

• UOB One that requires monthly salary credit of S$1,600 and S$500 credit card spend;
• OCBC 360 that requires monthly salary credit of S$1,800, increase ADB by at least S$500, and spend at least S$500 with credit card;
• DBS Multiplier that has no minimum requirement on salary credit and S$500 credit card spend;
• Standard Chartered JumpStart that doesn't have any criteria (as long as you are age 18 - 26 years old

Look out for accounts with: Low initial deposits, easy accessibility and low or no minimum starting balance required.

For Working Adults Who Want a Fuss-Free Savings Account

Working adults often prioritise convenience and flexibility in their banking needs, balancing busy careers with personal commitments. A fuss-free savings account that offers competitive interest rates without the hassle of multiple conditions can be incredibly valuable. 

Some of the standout accounts for working adults in Singapore are:

• Standard Chartered Bonus$aver Account that requires monthly salary credit of S$3,000 and spend at least S$1,000 with credit card;
• Citi Wealth First Account that requires minimum S$250 card spend and increase ADB by S$3,000 monthly;
• Bank of China Smart Saver that requires monthly salary credit of S$2,000 and spend at least S$750 with credit card;
• CIMB FastSaver that requires monthly salary credit of S$1,000 and spend at least S$800 with credit card

Look out for accounts with: Flexible bonus earn rate tiers, accessibility via online or mobile platforms, integrated investing options.

For Retirees Looking to Enjoy Their Silver Years

Retirees often prioritise capital preservation, steady income, and easy access to funds—especially after decades of building up a nest egg. A savings account that offers preferential interest rates, high liquidity, and added protection can go a long way in supporting a worry-free retirement.

One standout option for retirees in Singapore is:

• Maybank Privilege Plus Savings Account, designed specifically for those aged 50 and above. It offers:
  • Preferential interest rates of up to 2.0% p.a.;
  • Complimentary Personal Accident Insurance, Accidental Medical Reimbursement, and Permanent Disablement Benefits;
  • Minimum initial deposit of S$500 for Singaporeans/PRs and S$1,000 for foreigners.

This account is open to both Singaporeans/Permanent Residents and foreigners and is tailored to support the financial and lifestyle needs of retirees.

Look out for accounts with: Ease of access, customisable or tailored features, joint account options, and senior citizen privileges (if possible).

Best Sign Up Offers Attached to These Savings Accounts

Some of these banks offer sign-up promotions to attract new customers, providing extra perks such as cash rewards, fee waivers, and higher promotional interest rates.

Let's look at some of the best sign up offers you can leverage on:

*Data as of 2 June 2025

Maximising Financial Growth: Integrating High-Interest Savings with Smart Investment Strategies

While exploring the best savings accounts in Singapore, it's paramount to find an option that aligns with your financial goals and lifestyle. For those seeking ease and certainty without the usual barriers to higher interest rates—such as minimum deposit requirements or capped balances — Simple™ Guaranteed by StashAway emerges as an innovative solution.

This product stands out by offering guaranteed interest rates of up to 2.1% with the flexibility to choose your lock-in period from 1 month to 12 months and with minimum deposits or maximum limits restrictions.

In addition to Simple Guaranteed, StashAway offers other flexible cash management solutions. StashAway Simple™ provides a projected 2.8% p.a. at ultra-low risk, with no lock-ins, no minimum or maximum deposits, and no cap on earnings. You retain full liquidity, so you can withdraw or transfer your funds anytime with low fees.

Similarly, StashAway Simple™ Plus delivers 3.5% p.a. YTM with the same flexibility—no lock-ins, no earning caps, and full access to your cash whenever you need it. These solutions are ideal for those seeking higher returns while maintaining easy access to their funds.

However, to maximise your financial well-being, it's beneficial to also consider investment strategies alongside traditional savings. Investing can complement your savings plan by potentially offering higher returns over the long term. For instance, incorporating a mix of equities, bonds, or even ETFs into your portfolio might yield substantial growth, diversifying your income sources beyond the conventional savings account.