Best Savings Accounts Singapore 2026
Singapore savings accounts offer some of the highest interest rates in Asia when you meet salary crediting and spend requirements. Here's how the top accounts compare in 2026.
| Bank | Account | Max Rate | Min Salary | Best For |
|---|---|---|---|---|
| SCB | BonusSaver | Up to 7.88% | S$3,000 | Salary + spend combo |
| UOB | One Account | Up to 7.8% | S$1,600 | GIRO + spend |
| OCBC | 360 Account | Up to 6.5% | S$1,800 | Salary creditors |
| DBS | Multiplier | Up to 4.1% | Any | Flexible categories |
| Maybank | SaveUp | Up to 3.0% | S$1,000 | Low requirement |
Earn up to 7.88% p.a. on your savings
Apply for Standard Chartered BonusSaver →CalculatorSG may earn a commission at no extra cost to you.
Standard Chartered BonusSaver
Base rate: 0.01% p.a.
Max rate: Up to 7.88% p.a.
Min balance: S$3,000
Best for: High earners who spend on SCB credit card and have insurance/investment products.
Bonus interest conditions:
- Salary credit S$3,000+/month → +2.88% p.a.
- Card spend S$500+/month → +1.88% p.a.
- Insurance or investment products → +3.0% p.a.
UOB One Account
Base rate: 0.05% p.a.
Max rate: Up to 7.8% p.a. (first S$75k)
Min balance: S$1,000
Best for: Those who can meet all 3 conditions — salary GIRO, card spend, and GIRO transactions.
Bonus interest conditions:
- Salary credit S$1,600+/month via GIRO
- Card spend S$500+/month on UOB cards
- 3 GIRO debit transactions/month
OCBC 360 Account
Base rate: 0.05% p.a.
Max rate: Up to 6.5% p.a.
Min balance: S$1,000
Best for: Salary creditors with room to save at least S$500/month consistently.
Bonus interest conditions:
- Salary credit S$1,800+/month → +2.4% p.a.
- Save S$500+/month (increased balance) → +1.2% p.a.
- Insurance or investment products → +3.0% p.a.
DBS Multiplier
Base rate: 0.05% p.a.
Max rate: Up to 4.1% p.a.
Min balance: S$0 (no minimum)
Best for: Flexibility — no single product is required, just meet combined transaction thresholds.
Bonus interest conditions:
- Salary credit (any amount)
- Plus 1 category: card spend, home loan, insurance, or investment
- Higher combined transactions → higher interest tier
Maybank SaveUp
Base rate: 0.2625% p.a.
Max rate: Up to 3.0% p.a.
Min balance: S$1,000
Best for: Lower-income earners or those new to banking who want easy-to-meet requirements.
Bonus interest conditions:
- Meet 3 of 7 product categories (salary, GIRO, card spend, insurance, etc.)
- Salary credit S$1,000+/month
- Incremental bonus for each additional product category
How to Choose the Right Savings Account
- If your salary is above S$3,000 and you spend on credit card regularly → SCB BonusSaver
- If your salary is S$1,600–3,000 and you're a disciplined spender → UOB One
- If you want simplicity with decent rates → OCBC 360
- If you already have multiple DBS products → DBS Multiplier
Not sure how much you can save each month?
Use our Salary Calculator to see your take-home pay after CPF →Frequently Asked Questions
Interest rates are subject to change. Always verify current rates directly with the bank before applying. Last updated: March 2026.