With so many savings account options, Singapore consumers often struggle to choose the best one. This article compares leading banks based on interest rates, fees, and digital services.



Savings accounts remain the foundation of personal banking. In Singapore, banks compete on:

  • Interest rates (varies from 0.05% to >3% with conditions)
  • Minimum balance requirements
  • Digital features and mobile apps
  • Fee structures

For students and young professionals, accounts with low minimum balances are ideal. High-income earners benefit from tiered interest schemes. The right choice depends on lifestyle and financial goals.

compare savings accounts Singapore, best savings account 2025, bank account comparison

Related FAQs

Browse all FAQs →
Sophia Tan

About the Author

Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.