Best savings accounts in Singapore — 2026
High-interest savings accounts, ranked by headline rate — with the conditions spelled out.
Ranked by max rate verified 26 Jul
Quick answer: top rate — DBS Multiplier 4.10%. Tap any bank for the details.
| # | Bank | Rate |
|---|---|---|
| 1 | DBS Multiplier ✓ | 4.10 % p.a. |
| 2 | UOB One ✓ | 3.40 % p.a. |
| 3 | GXS Savings ✓ | 2.82 % p.a. |
| 4 | Trust Bank ✓ | 2.40 % p.a. |
| 5 | OCBC 360 ✓ | 1.95 % p.a. |
A high-interest savings account can pay more than a fixed deposit — the top rates are “bonus interest” you unlock by doing things: crediting your salary, spending on a card, sometimes insuring and investing too. The list above is ranked by headline rate, each figure verified against the bank's page, with the conditions shown plainly.
How to read these rates — in plain English
Bonus interest stacks. You earn a small base rate on everything, plus extra for each thing you do (salary, spend, insure, invest). The headline “up to” number is what you'd earn only if you tick every box — OCBC 360, for example, is about 1.95% on salary + save + spend, and reaches 4.45% when you also insure and invest.
There's usually a cap — the bonus interest applies only up to a limit, often the first S$100,000.
The no-hoops option — the digital banks (GXS, Trust) pay a flat 2.4–2.8% with almost no conditions, the simplest choice if you'd rather not juggle requirements.
There's usually a cap — the bonus interest applies only up to a limit, often the first S$100,000.
The no-hoops option — the digital banks (GXS, Trust) pay a flat 2.4–2.8% with almost no conditions, the simplest choice if you'd rather not juggle requirements.
Want a guaranteed rate with no conditions at all? See fixed deposits.
Common questions
+Which savings account has the highest interest in Singapore in 2026?
DBS Multiplier and UOB One advertise the highest headline rates (up to ~4.1% and ~3.4%), but only if you meet several salary and spending conditions. For an easy high rate with almost no conditions, the digital banks GXS (up to 2.82%) and Trust (2.4%) are hard to beat.
+Do I actually get the advertised savings rate?
You earn the base rate on your whole balance, plus bonus interest for each condition you meet — so you'd reach the headline "up to" number only if you tick every box (salary, spend, insure, invest). The practical tip: look at the rate for the conditions you'll realistically meet, not the maximum. If you'd rather keep it simple, the digital banks pay a flat rate with almost no conditions.
+Are digital bank savings accounts (GXS, Trust) safe?
Yes. GXS and Trust are licensed Singapore banks and deposits are SDIC-insured up to S$100,000 per bank, the same protection as DBS, UOB or OCBC.
+Savings account or fixed deposit?
A savings account keeps your money fully accessible and can pay more if you meet the conditions; a fixed deposit gives a guaranteed rate but locks the funds for the term. Match it to whether you need flexibility or certainty.
What it means for you
How to reach the top rate
Things to note
Who it suits
Verified against the bank’s own page · always confirm before placing funds.