Best Savings Account Singapore 2025Top 10 High-Yield Banks Ranked
Expert rankings of Singapore's best savings accounts. Compare rates, requirements, and find the perfect account for your needs. Updated September 2025 with latest rates and reviews.
Category Winners
Highest Potential Rate
Maximum possible returns for those who can meet all requirements
Best for Beginners
Simple requirements, great app, perfect for young professionals
Most Realistic High Rate
High rate that most people can actually achieve
No Strings Attached
Guaranteed rate with zero requirements
Complete Savings Account Rankings 2025
OCBC 360 Account
Requirements
Salary + 5 bonus categories
Min: S$3,000
Very HardPros
- Highest potential rate
- Multiple earning opportunities
- Established bank
Cons
- Complex requirements
- High minimum balance
- Difficult to maximize
Best For
High earners who can meet all requirements
🏆 Why #1: Highest potential returns for sophisticated users who can optimize all categories
MariBank SaveUp Account
Requirements
Salary crediting + S$500 debit card spend
Min: S$1
EasyPros
- High rate with simple requirements
- Digital convenience
- No fall-below fees
Cons
- Digital bank only
- Spending requirement
- Limited physical support
Best For
Active spenders who prefer digital banking
🏆 Why #2: Best balance of high returns with realistic requirements for most users
Trust Bank Trust Savings Account
Requirements
Salary crediting S$2,500
Min: S$1
Very EasyPros
- Simple single requirement
- No minimum balance
- User-friendly app
Cons
- Lower rate ceiling
- Digital bank only
- Interest cap at S$75,000
Best For
Young professionals seeking simplicity
🏆 Why #3: Perfect for beginners - simple requirements with excellent returns
DBS Multiplier Account
Requirements
Salary + Credit card + Home loan/Investment
Min: S$3,000
HardPros
- Market leader reliability
- Good digital integration
- Comprehensive ecosystem
Cons
- Complex tier system
- Multiple product requirements
- Rates reduced over time
Best For
Existing DBS customers with multiple products
UOB One Account
Requirements
Spend S$500 + 3 GIRO transactions
Min: S$1,000
MediumPros
- Straightforward requirements
- Stable traditional bank
- Good customer service
Cons
- Lower interest rate
- Monthly spend requirement
- Limited growth potential
Best For
Conservative savers who want stability
HSBC Advance Savings
Requirements
Total relationship balance S$200,000
Min: S$20,000
Very HardPros
- International banking
- Premium service
- Global access
Cons
- Very high requirements
- Low interest rate
- High fees if requirements not met
Best For
High net worth individuals with international needs
Standard Chartered Bonus$aver Account
Requirements
Salary crediting + spend requirements
Min: S$3,000
MediumPros
- Foreign bank stability
- Premium banking experience
- Good credit cards
Cons
- Low interest rates
- High minimum balances
- Complex fee structure
Best For
Expats and premium banking customers
Maybank SaveUp Account
Requirements
Salary crediting + spend requirements
Min: S$500
MediumPros
- Malaysian bank connection
- Reasonable rates
- Growing digital presence
Cons
- Lower rates than digital banks
- Limited innovation
- Smaller network
Best For
Customers with Malaysian banking needs
Citibank MaxiGain Savings
Requirements
Average daily balance maintenance
Min: S$15,000
HardPros
- Global banking network
- Premium services
- Strong credit cards
Cons
- High minimum balance
- Low interest rates
- Limited local focus
Best For
International professionals and frequent travelers
CIMB FastSaver Account
Requirements
No conditions
Min: S$1,000
NonePros
- No requirements needed
- Instant access
- No fall-below fees
Cons
- Lower interest rate
- Limited branch network
- Basic features
Best For
Emergency funds and no-strings-attached savings
Which Account Should You Choose?
Young Professional (S$3,000 salary)
Start with Trust Bank for simplicity (2.5%), then consider MariBank when spending increases
Monthly Actions:
- Credit salary to Trust Bank
- Build emergency fund
- Learn about investing
Mid-Career (S$6,000 salary)
Use MariBank for daily banking (2.8%) + CIMB for emergency fund (1.0%)
Monthly Actions:
- Credit salary to MariBank
- Spend S$500 on debit card
- Maintain emergency fund
High Earner (S$10,000+ salary)
Maximize OCBC 360 up to S$70k, excess in fixed deposits
Monthly Actions:
- Meet all OCBC 360 requirements
- Monitor bonus categories
- Optimize investments
Conservative Saver
Stable traditional bank with reasonable returns and excellent service
Monthly Actions:
- Spend S$500
- Set up 3 GIRO payments
- Regular balance monitoring
Quick Comparison Table
| Rank | Bank | Max Rate | Realistic Rate | Difficulty | Rating |
|---|---|---|---|---|---|
| #1 | OCBC | 3.05% | 1.8-2.4% | Very Hard | 4.2/5 |
| #2 | MariBank | 2.8% | 2.8% | Easy | 4.6/5 |
| #3 | Trust Bank | 2.5% | 2.5% | Very Easy | 4.7/5 |
| #4 | DBS | 2.5% | 1.5-2.0% | Hard | 4/5 |
| #5 | UOB | 2.0% | 1.5-2.0% | Medium | 4.3/5 |
How to Choose the Right Savings Account
Step 1: Assess Your Profile
- • Monthly salary amount
- • Average spending patterns
- • Comfort with digital banking
- • Time for account management
- • Other banking relationships
Step 2: Compare Requirements
- • Minimum balance needs
- • Monthly spending requirements
- • Salary crediting amount
- • Additional product needs
- • Maintenance difficulty
Step 3: Calculate Real Returns
- • Use realistic interest rates
- • Factor in monthly effort
- • Consider opportunity costs
- • Account for missed months
- • Compare annual returns
Ready to Open the Best Savings Account?
Use our tools to find your perfect savings account and start earning higher returns today