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Aug 25, 2014

Singapore's Best 5% Savings Account Rates

Singapore's Best 5% Savings Account Rates



In this post, we share our Little Red Dot's highest savings account rates of 5% per annum. For a savings account (NOT a fixed deposit), this 5% p.a. payout is too attractive for any Singaporean to miss.

So we present Singapore's Best 5% Savings Account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

Singapore's Best 5% Savings account rates for 2014 are presented for personal information. You should re-confirm interest rates before you invest your money based on these rates.


Singapore's Best 5% Savings Account Rates Details:

The 'Bank' : CPF (Central Provident Fund) Board

The Rate : 5% p.a.

The Details:

CPF Interest Rates (01 Jul 2014 to 30 Sep 2014)
(reviewed quarterly)

Ordinary Account =2.50% p.a.
Special & Medisave Accounts =4.00% p.a.


CPF Interest Rates (01 Jan 2014 to 31 Dec 2014)
(reviewed yearly)

Retirement Account =4.00% p.a.


Additional Interest of 1%

As part of the government’s efforts to enhance the retirement savings of CPF members, an additional 1% per annum will continue to be paid on the first $60,000 of a member’s combined balances, with up to $20,000 from the OA.

This works out to be 3.5% per annum earned on the first $20,000 in a member’s OA, and 5% per annum earned on the first $40,000 (up to $60,000 if no OA savings) in a member’s SMA and Retirement Account (RA).

The additional interest received on the OA will go into the member’s Special Account (SA) or RA to enhance his retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the additional 1% per annum interest will still be earned on his combined balances, which includes the savings used for CPF LIFE.


Singapore's Best 5% Savings Account rates are subject to change without prior notice. You should assess the suitability of these financial products based on your personal financial investment objectives.


Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Aug 19, 2014

Indian Bank Singapore Branch Deposit Rates

ICICI Bank Hisave Savings Account

We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

ICICI Bank Hisave Savings Account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

ICICI Bank Hisave Savings Account rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.


ICICI Bank Hisave Savings Account:
3-month deposit = 0.35 % p.a.

Rates subject to change without notice.


Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

Aug 12, 2014

Standard Chartered 1.88% Bonus Saver Promotion

Standard Chartered 1.88% Bonus Saver Promotion

We present Singapore Standard Chartered 1.88% Bonus Saver Promotion rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.

Standard Chartered 1.88% Bonus Saver Promotion for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.

Check out the best 5% p.a. interest rates available in Singapore: click here.

Standard Chartered 1.88% Bonus Saver Promotion rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.


Standard Chartered 1.88% Bonus Saver Promotion:

Earn up to 1.88 %p.a. interest on your savings up to $25,000 when you charge $500 to your Bonus Saver World MasterCard Credit or Debit Card every month.

Other terms and conditions apply.



Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.

The Team

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