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It's good earning high interest from savings account promotions in Singapore, especially when current rates are generally low. Don't lose out on the highest savings account promotion rates here.

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Singapore 6% Savings Interest Rate Update Singapore Savings Account Rates blogspot dot com is the online presence where we share the Sing...

Jul 25, 2016

POSB 2.08% Savings Promotion 2016

POSB 2.08% Savings Promotion 2016

How is it possible to get 2.08% interest return through putting money into a savings account in POSB. There is a way.

Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore.

Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore.

2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.


POSB 2.08% Savings Promotion 2016:
POSB Savings Account Multiplier Programme

Earn up to 2.08% p.a. on your savings through regular savings plan.

If your regular banking adds up to S$7,500 per month, you’re eligible to earn higher interest.

The higher interest earned will be paid on the first S$50,000 in your Multiplier Account. There is No lock-in period.


1 Remaining balance over and above the first S$50,000 will be accorded the prevailing base interest rate for that month.

Higher interest will be credited in 2 parts:
(i) base interest at our prevailing base interest rate calculated on daily balances will be credited at month end, and
(ii) the remaining preferential interest, calculated as the nett of the higher interest rate and the prevailing base interest rate, based on the sum of your eligible cash flows with us, by the 7th working day of the following month.

2016 savings account interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company.

You should perform your own due diligence to assess the suitability of these financial products for your personal financial circumstance. Consult professional financial advisors and understand your own risk / reward appetite. Knowledge and understanding of the financial product features and risks are critical as well.

Thanks for reading Singapore Savings Account Rates.

The Team

Jul 18, 2016

SBI Singapore Kid Savers Account

SBI Singapore Kid Savers Account

Singapore Savings Account Rates blogspot dot com shares SBI Singapore Kid Savers Account details in 2016 Singapore.

Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income investments in 2016.


SBI Singapore Kid Savers Account:

Balance Tiers (SGD) | Total Interest for Kid Savers Account (p.a.)

Any Amount = 0.60%


2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.

2016 savings account interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company in 2016. You need to perform your own due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore in 2016.

The Team

Jul 11, 2016

Tax Treatment of Investment Income from Deposits

Tax Treatment of Investment Income from Deposits

We share information on the tax treatment of investment income from deposits in Singapore today.

Basically, the question today is "Do you have to pay tax on investment income from savings deposit, fixed eposits, bond investments, Singapore savings bonds and other similar fixed investments in Singapore?

Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore.

Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore.

2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.


Tax Treatment of Investment Income from Deposits:

The interest received from deposits with approved banks or licensed finance companies in Singapore is not taxable.

Interest from debt securities (e.g. bonds) is also not taxable unless it is derived from:

a. A partnership in Singapore; or
b. From the carrying on of a trade in debt securities.

Go to IRAS website for more details.


Thanks for reading Singapore Savings Account Rates.

The Team