Savings Accounts › High Interest Accounts
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For the Salaried Worker:
Best High-Interest Rate Accounts
Compare high-yield savings accounts in Singapore with practical rates, salary-credit requirements, fees, and account conditions.
Maximize interestCompare realistic rates based on salary credit and everyday banking actions.
Understand feesSee monthly fees, fall-below fees, and minimum deposits before applying.
Choose confidentlyFind accounts that match your salary, spending, and withdrawal habits.
Comparison Table: High-Interest Accounts at a Glance
| Bank | Best For | Realistic Rate | Salary Credit Rate | Max Interest | Key Conditions |
|---|
| OCBC 360 AccountBest Overall |
Working adults who can automate salary credit and card spend. |
1.85% |
2.40% |
S$2,790/yr |
Salary credit and selected product actions are needed for higher tiers. |
| DBS Multiplier AccountBest for DBS Ecosystem |
DBS customers with multiple products and salary credit. |
1.80% |
2.20% |
S$2,460/yr |
Higher rates require multiple categories and eligible transaction values. |
| UOB One AccountBest for Card Spend |
Users with regular card spend and salary credit. |
1.70% |
2.00% |
S$2,400/yr |
Requires consistent monthly card spend to be worthwhile. |
| Standard Chartered Bonus$averBest for High Balances |
Users who want multiple bonus levers and higher balance room. |
1.55% |
1.90% |
S$2,328/yr |
Some bonus components depend on product holdings. |
| Trust Bank Savings AccountBest Digital Option |
Users who want a simple digital account without complex conditions. |
1.20% |
1.50% |
S$1,500/yr |
Rates may be simpler but less aggressive than salary-credit bundles. |
| Maybank SaveUp AccountBest Flexible Bundle |
Users with multiple Maybank products or flexible banking needs. |
1.50% |
1.80% |
S$2,100/yr |
Best rates need several eligible relationships with the bank. |
Savings Account Details
Best for:Working adults who can automate salary credit and card spend.
How to earn:Credit salary, save more, spend on eligible card, insure or invest for bonus tiers.
Maximum Rate:Achieve 4.65% p.a. with eligible account actions.
Realistic Rate:1.85% p.a. for most salaried users who meet the common criteria.
SDIC Insured:Yes, up to S$100,000
Savings Accumulation Scenarios (on S$100,000 balance)
ScenarioMonthly InterestAnnual InterestTotal After 5 Years
Base Rate Only
(0.05% p.a.)S$4.17S$50S$100,250
Realistic
1.85% p.a.S$154S$1,850S$109,250
Maximum
4.65% p.a.S$388S$2,790/yrS$123,250
S$2,400 more per year in the realistic scenario vs. base rate. That is meaningful upside from salary-credit habits.
Best for:DBS customers with multiple products and salary credit.
How to earn:Credit salary and transact in eligible DBS categories each month.
Maximum Rate:Achieve 4.10% p.a. with eligible account actions.
Realistic Rate:1.80% p.a. for most salaried users who meet the common criteria.
SDIC Insured:Yes, up to S$100,000
Savings Accumulation Scenarios (on S$100,000 balance)
ScenarioMonthly InterestAnnual InterestTotal After 5 Years
Base Rate Only
(0.05% p.a.)S$4.17S$50S$100,250
Realistic
1.80% p.a.S$154S$1,850S$109,250
Maximum
4.10% p.a.S$388S$2,460/yrS$123,250
S$2,400 more per year in the realistic scenario vs. base rate. That is meaningful upside from salary-credit habits.
Best for:Users with regular card spend and salary credit.
How to earn:Meet card spend and salary/GIRO conditions to unlock bonus interest.
Maximum Rate:Achieve 4.00% p.a. with eligible account actions.
Realistic Rate:1.70% p.a. for most salaried users who meet the common criteria.
SDIC Insured:Yes, up to S$100,000
Savings Accumulation Scenarios (on S$100,000 balance)
ScenarioMonthly InterestAnnual InterestTotal After 5 Years
Base Rate Only
(0.05% p.a.)S$4.17S$50S$100,250
Realistic
1.70% p.a.S$154S$1,850S$109,250
Maximum
4.00% p.a.S$388S$2,400/yrS$123,250
S$2,400 more per year in the realistic scenario vs. base rate. That is meaningful upside from salary-credit habits.
Best for:Users who want multiple bonus levers and higher balance room.
Standard Chartered Bonus$aver
How to earn:Combine salary credit, card spend, bill payments, and selected products.
Maximum Rate:Achieve 3.88% p.a. with eligible account actions.
Realistic Rate:1.55% p.a. for most salaried users who meet the common criteria.
SDIC Insured:Yes, up to S$100,000
Savings Accumulation Scenarios (on S$100,000 balance)
ScenarioMonthly InterestAnnual InterestTotal After 5 Years
Base Rate Only
(0.05% p.a.)S$4.17S$50S$100,250
Realistic
1.55% p.a.S$154S$1,850S$109,250
Maximum
3.88% p.a.S$388S$2,328/yrS$123,250
S$2,400 more per year in the realistic scenario vs. base rate. That is meaningful upside from salary-credit habits.
Best for:Users who want a simple digital account without complex conditions.
Trust Bank Savings Account
How to earn:Maintain eligible balance and use app-based banking features.
Maximum Rate:Achieve 2.50% p.a. with eligible account actions.
Realistic Rate:1.20% p.a. for most salaried users who meet the common criteria.
SDIC Insured:Yes, up to S$100,000
Savings Accumulation Scenarios (on S$100,000 balance)
ScenarioMonthly InterestAnnual InterestTotal After 5 Years
Base Rate Only
(0.05% p.a.)S$4.17S$50S$100,250
Realistic
1.20% p.a.S$154S$1,850S$109,250
Maximum
2.50% p.a.S$388S$1,500/yrS$123,250
S$2,400 more per year in the realistic scenario vs. base rate. That is meaningful upside from salary-credit habits.
Best for:Users with multiple Maybank products or flexible banking needs.
How to earn:Complete eligible product categories to raise interest tiers.
Maximum Rate:Achieve 3.50% p.a. with eligible account actions.
Realistic Rate:1.50% p.a. for most salaried users who meet the common criteria.
SDIC Insured:Yes, up to S$100,000
Savings Accumulation Scenarios (on S$100,000 balance)
ScenarioMonthly InterestAnnual InterestTotal After 5 Years
Base Rate Only
(0.05% p.a.)S$4.17S$50S$100,250
Realistic
1.50% p.a.S$154S$1,850S$109,250
Maximum
3.50% p.a.S$388S$2,100/yrS$123,250
S$2,400 more per year in the realistic scenario vs. base rate. That is meaningful upside from salary-credit habits.
Realistic Rates at a Glance
OCBC 360 Account1.85%2.40%4.65%S$2,790/yr
DBS Multiplier Account1.80%2.20%4.10%S$2,460/yr
UOB One Account1.70%2.00%4.00%S$2,400/yr
Standard Chartered Bonus$aver1.55%1.90%3.88%S$2,328/yr
Trust Bank Savings Account1.20%1.50%2.50%S$1,500/yr
Maybank SaveUp Account1.50%1.80%3.50%S$2,100/yr
The Deep Dive
OCBC 360 AccountBest Overall
OCBC 360 is positioned as a practical main salary account for users who can route salary and spending through OCBC. It rewards everyday banking actions instead of only balance size.
Best forWorking adults who can automate salary credit and card spend.
How to earnCredit salary, save more, spend on eligible card, insure or invest for bonus tiers.
RequirementsSalary credit and selected product actions are needed for higher tiers.
Watch outBonus rates depend on monthly actions and eligible balances.
Visit bank site
DBS Multiplier AccountBest for DBS Ecosystem
DBS Multiplier works best for customers already inside the DBS ecosystem. It can be powerful when salary and product transactions are already happening naturally.
Best forDBS customers with multiple products and salary credit.
How to earnCredit salary and transact in eligible DBS categories each month.
RequirementsHigher rates require multiple categories and eligible transaction values.
Watch outLess attractive if you only salary-credit without other DBS products.
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UOB One AccountBest for Card Spend
UOB One is simple when your salary and spending pattern is consistent. It is less forgiving in months when card spend drops.
Best forUsers with regular card spend and salary credit.
How to earnMeet card spend and salary/GIRO conditions to unlock bonus interest.
RequirementsRequires consistent monthly card spend to be worthwhile.
Watch outMissed card spend can reduce the effective rate sharply.
Visit bank site
Standard Chartered Bonus$averBest for High Balances
Bonus$aver can reward users who actively use several Standard Chartered products, but the structure needs careful tracking.
Best forUsers who want multiple bonus levers and higher balance room.
How to earnCombine salary credit, card spend, bill payments, and selected products.
RequirementsSome bonus components depend on product holdings.
Watch outComplex tiers can be harder to track month to month.
Visit bank site
Trust Bank Savings AccountBest Digital Option
Trust Bank is a cleaner option for users who want simplicity and app-first banking rather than many bonus conditions.
Best forUsers who want a simple digital account without complex conditions.
How to earnMaintain eligible balance and use app-based banking features.
RequirementsRates may be simpler but less aggressive than salary-credit bundles.
Watch outMay not beat bundled salary-credit accounts for disciplined users.
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Maybank SaveUp AccountBest Flexible Bundle
Maybank SaveUp is useful for customers who already hold or plan to use several Maybank products. It is more flexible than single-action bonus accounts.
Best forUsers with multiple Maybank products or flexible banking needs.
How to earnComplete eligible product categories to raise interest tiers.
RequirementsBest rates need several eligible relationships with the bank.
Watch outCan be less compelling if you only use it as a basic savings account.
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Living the Savings Account Lifestyle
Your savings account isn’t just where salary comes in. It can become the base for bills, card spend, emergency funds, and daily cash flow.
Know your monthly patternSalary-credit accounts work best when you can consistently meet the required actions.
Protect flexibilityCheck withdrawal access and minimum balance rules before chasing the highest headline rate.
CompareSing Tips: What to Watch Out For
- Salary-credit doesn’t mean any payday transfer.Some banks require GIRO salary crediting with specific transaction codes.
- Minimum balances can eat your interest.Fees can wipe out gains if your balance drops under the required threshold.
- Bonus interest has caps.High rates may only apply to the first savings tier, not your full balance.
- Rate changes can happen.Banks can adjust rates and campaign terms, so check the latest terms before applying.
About Savings Accounts for the Salaried Worker
What is the difference between a high-interest savings account and a normal account?
High-interest accounts usually pay bonus rates when you complete actions such as salary crediting, card spend, bill payments, or investing.
What happens if I don’t meet the bonus criteria for a month?
You usually receive only the base interest rate for that month, while the account remains open and usable.
Can I open multiple high-interest savings accounts?
Yes, but managing requirements across multiple banks can be difficult. Compare the realistic rate based on habits you can maintain.
Are digital banks safe?
Licensed digital banks in Singapore are regulated, but you should still check deposit insurance coverage and account terms.
How often is interest credited?
Most banks credit interest monthly, though bonus interest calculation periods and payout timing can differ.
