Trust Bank vs DBS Bank
Digital banking innovation meets traditional banking excellence. Compare rates, features, and services to find your ideal banking partner.
Trust Bank
Digital-First Banking
DBS Bank
Traditional Banking
Rate ComparisonDigital FeaturesService Analysis
Quick Overview
Trust Bank
Type:Digital Bank
Founded:2022
Parent:FairPrice Group & Standard Chartered
Key Strengths:
- High savings rates
- No minimum balance
- Mobile-first experience
- Lower fees
DBS Bank
Type:Traditional Bank
Founded:1968
Parent:DBS Group Holdings
Key Strengths:
- Comprehensive services
- Extensive branch network
- Established reputation
- Full wealth management
Savings Account Comparison
| Feature | Trust Bank | DBS Bank | Winner |
|---|---|---|---|
| Base Savings Rate | 0.70% p.a. | 0.05% p.a. | Trust Bank |
| High-Yield Savings | Up to 2.5% p.a. | Up to 1.85% p.a. (DBS Multiplier) | Trust Bank |
| Minimum Balance | S$0 | S$3,000 | Trust Bank |
| Fall Below Fee | None | S$5/month | Trust Bank |
Fixed Deposit Rates
| Tenure | Trust Bank | DBS Bank | Better Rate |
|---|---|---|---|
| 3 months | 3.40% p.a. | 3.25% p.a. | Trust Bank |
| 6 months | 3.50% p.a. | 3.35% p.a. | Trust Bank |
| 12 months | 3.60% p.a. | 3.45% p.a. | Trust Bank |
| 24 months | 3.50% p.a. | 3.45% p.a. | Trust Bank |
Rate Advantage: Trust Bank
Trust Bank consistently offers higher fixed deposit rates across all tenures, with rates typically 0.10-0.15% higher than DBS.
Service Comparison
Account Management
Trust Bank9/10
- Instant account opening
- Real-time notifications
- Intuitive app interface
DBS Bank7/10
- Multi-channel access
- Comprehensive online banking
- Branch support
Product Range
Trust Bank5/10
- Savings & current accounts
- Fixed deposits
- Credit cards (limited)
DBS Bank10/10
- Full banking suite
- Investment products
- Insurance
- Wealth management
Digital Experience
Trust Bank10/10
- Mobile-first design
- Seamless UX
- Fast transactions
DBS Bank8/10
- Digital banking platform
- Mobile app
- Online services
Customer Support
Trust Bank7/10
- In-app chat
- Email support
- FAQ resources
DBS Bank9/10
- 24/7 hotline
- Branch support
- Digital channels
- Relationship managers
Fees & Charges
Trust Bank9/10
- No minimum balance
- Low fees
- Transparent pricing
DBS Bank6/10
- Various fee structures
- Premium pricing
- Relationship benefits
Our Recommendation
Choose Trust Bank If:
- You prioritize higher interest rates
- You prefer mobile-first banking
- You want minimal fees and charges
- You need basic banking services only
- You value innovative digital features
Choose DBS If:
- You need comprehensive banking services
- You prefer having branch access
- You require loans and financing
- You want wealth management services
- You value established reputation
Expert Opinion
Trust Bank excels for simple banking needs with superior rates and digital experience. DBS remains the better choice for comprehensive financial services and complex banking requirements. Consider using both: Trust Bank for savings optimization and DBS for loans and full-service banking.