Rate comparison
Realistic rates assume you can credit a salary and spend S$500/mo on a bank card. Aspirational tiers require you to buy insurance or investment products.
Government securities & fixed deposits
T bills, SSBs, and top promotional FD rates. The benchmarks every saver should know.
6 Month T Bill
MAS auction cut off yield. SRS and CPFIS eligible.
Singapore Savings Bond (Apr 2026)
1 year yield 1.36%. Step up coupons across 10 years.
Fixed Deposit: Best 6M
Best promotional rate among Singapore banks. Always verify directly with bank.
Fixed Deposit: Best 12M (Maybank)
Maybank leading 12 month FD rate. Verify on maybank2u.com.sg.
Singapore savings rates, April 2026
LivingInSg is an independent reference tool comparing live Effective Interest Rates (EIR) across 12 Singapore bank savings accounts alongside Singapore T-bills, Singapore Savings Bonds (SSBs), and promotional fixed deposits. Every rate is sourced from the bank's own product page with a quoted headline and retrieval date. Data was last refreshed 2026-04-16. This page is informational only and is not financial advice.
Top realistic EIRs right now
Realistic EIR assumes you credit a salary and spend on a linked card. It excludes tiers that require buying insurance or investment products.
- 1.OCBC 360 Account2.45% realistic EIR on the first S$100k. Max EIR 5.45% with aspirational tiers. Changes 01 May 2026: new realistic rate 1.95%.
- 2.Bank of China SmartSaver2.40% realistic EIR on the first S$100k. Max EIR 4.60% with aspirational tiers.
- 3.Standard Chartered Bonus$aver2.35% realistic EIR on the first S$100k. Max EIR 7.05% with aspirational tiers. Changes 01 May 2026: new realistic rate 1.85%.
- 4.DBS Multiplier Account2.20% realistic EIR on the first S$100k. Max EIR 4.10% with aspirational tiers.
- 5.Trust Bank Savings Account2.00% realistic EIR on the first S$1.2M. Max EIR 2.40% with aspirational tiers.
Upcoming rate changes
- OCBC 360 Account, effective 01 May 2026. Max rate drops 5.45% → 4.45%; realistic (Salary+Save+Spend) drops 2.45% → 1.95% on first S$100k.
- Standard Chartered Bonus$aver, effective 01 May 2026. Max rate cut 7.05% → 5.85%; Salary+Spend realistic tier drops to 1.85% on first S$100k.
Government alternatives
The latest 6-month Singapore T-bill (auction 14 Apr 2026 auction) cleared at a cut-off yield of 1.47% p.a. The April 2026 Singapore Savings Bond (SSB) has a 10-year average yield of 1.99% p.a. with step-up coupons and can be redeemed any month without penalty. Both are backed by the Singapore government and have no salary or spend conditions, but currently yield less than the top realistic savings-account EIRs.
Frequently asked questions
›What is the best Singapore savings account right now?
As of April 2026, OCBC 360 offers the highest realistic Effective Interest Rate at 2.45% p.a. on the first S$100,000, assuming you credit a salary of at least S$1,800 per month and spend at least S$500 per month on a linked OCBC card. Bank of China SmartSaver is a close second at 2.40% realistic on the first S$100,000. Note: OCBC 360 and Standard Chartered Bonus$aver both drop on 01 May 2026.
›What is the difference between realistic and maximum EIR?
Realistic EIR assumes you meet the bonus categories most salaried Singaporeans can fulfill without buying investment or insurance products: crediting salary via GIRO, card spend, and in some cases bill payments or balance growth. Maximum EIR includes aspirational tiers that typically require you to purchase an eligible investment (e.g., unit trust) or insurance policy, and the bonus often applies for only 6 to 12 months.
›Are Singapore savings accounts covered by SDIC insurance?
Yes. The Singapore Deposit Insurance Corporation (SDIC) insures eligible SGD deposits up to S$100,000 per depositor per Scheme member (bank or finance company). This covers savings, fixed deposits, and current accounts at SDIC Scheme members. Foreign currency deposits, structured deposits, and investment products are not covered.
›How often are the rates on LivingInSg updated?
Rates are reviewed approximately weekly and updated same-day when a bank publicly announces a change. Every rate on the site links to the bank's own product page with the quoted headline text and retrieval date, so you can independently verify any figure. The most recent full refresh is stamped at the top of the homepage.
›How do Singapore T-bills and SSBs compare to savings accounts?
The latest 6-month T-bill (auction 14 April 2026) cleared at a cut-off yield of 1.47% p.a. The April 2026 Singapore Savings Bond (SSB, code GX26040E) has a 10-year average yield of 1.99% p.a. with step-up coupons and can be redeemed any month without penalty. Both yield less than the top realistic savings-account EIRs today (2.0% to 2.45%) but are backed by the Singapore government and don't depend on salary or spend conditions.
›Does LivingInSg earn referral commissions from these banks?
No. LivingInSg has no affiliate partnerships, no referral links, and no advertising revenue. The site is an independent reference tool. Every outbound bank link is a direct, non-tagged URL to the bank's official page.
How LivingInSg works
Every rate is sourced from the issuer's official page. No affiliate links, no ads. See our methodology for how realistic vs. maximum EIR is computed, about for who runs the site, and changelog for every data update.