DBS vs OCBC vs UOB
Comprehensive comparison of Singapore's Big 3 local banks. Find the best rates, services, and features for your banking needs.
DBS
OCBC
UOB
DBS - Digital Leader
Best-in-class digital banking with innovative features and excellent mobile app experience.
OCBC - Regional Strength
Strong regional presence with excellent premier banking services and investment options.
UOB - Relationship Banking
Strong focus on relationship banking with good credit card rewards and growing digital presence.
Interest Rates Comparison
Fixed Deposit Rates (Best 24-month rates)
| Bank | Rate | Tenure | Minimum |
|---|---|---|---|
| DBS | 3.45% | 24 months | S$1,000 |
| OCBC | 3.45% | 24 months | S$1,000 |
| UOB | 3.43% | 24 months | S$1,000 |
Home Loan Rates
| Bank | Rate | Type | Max LTV |
|---|---|---|---|
| DBS | 3.85% | Fixed 3Y | 80% |
| OCBC | 3.85% | Fixed 3Y | 80% |
| UOB | 3.90% | Fixed 3Y | 75% |
Top Credit Cards
| Bank | Card | Rewards | Annual Fee |
|---|---|---|---|
| DBS | Altitude Visa Signature | 1.2 mpd | S$196 |
| OCBC | Voyage Mastercard | 1.2 mpd | Free 1st year |
| UOB | KrisFlyer Visa Signature | 1.4 mpd | S$196 |
Service & Feature Comparison
| Category | DBS | OCBC | UOB |
|---|---|---|---|
| Digital Banking | 9/10 Industry-leading digibank app, PayLah! ecosystem | 8/10 Excellent mobile app, Pay Anyone feature | 7/10 Good mobile banking, TMRW digital platform |
| Branch Network | 9/10 70+ branches, extensive ATM network | 8/10 60+ branches, good coverage | 8/10 60+ branches, strategic locations |
| Customer Service | 8/10 24/7 hotline, comprehensive FAQ | 8/10 Premier service, dedicated RMs | 7/10 Good service, improving digital support |
| Investment Products | 9/10 DBS Vickers, comprehensive offerings | 9/10 OCBC Securities, robo-advisors | 8/10 UOB KayHian, good fund selection |
| International Banking | 8/10 Strong Asia presence, treasures program | 9/10 Excellent regional network, premier banking | 8/10 Growing international presence |
Our Recommendations
Choose DBS if you:
- Value cutting-edge digital banking
- Want the best mobile banking experience
- Need comprehensive investment options
- Prefer Singapore's largest bank
Choose OCBC if you:
- Need strong regional banking presence
- Want excellent premier banking services
- Require extensive investment products
- Value relationship banking approach
Choose UOB if you:
- Want excellent credit card rewards
- Prefer personalized service
- Need solid investment platforms
- Value traditional banking relationships
The Verdict
All three banks offer excellent services, but your choice should depend on your specific needs. DBS leads in digital innovation, OCBC excels in regional presence and premier services, while UOB offers strong relationship banking and rewards.
Consider opening accounts with multiple banks to take advantage of each bank's strengths and optimize your returns across different products.