Best Savings Accounts in Singapore for Everyday Use

Best Savings Accounts in Singapore for Everyday Use (2025 Guide)

A practical, up-to-date overview of everyday savings accounts in Singapore. Focus: easy payments (FAST, PayNow), low fuss, and reliable features you’ll actually use.

What matters for everyday use

Frictionless payments: FAST and PayNow support, plus simple GIRO/eGIRO setups.
Reasonable conditions: Fewer hoops to earn interest or avoid fees.
Good mobile app: Quick transfers, bill-pay, card controls, and alerts.
Useful extras: Multi-currency spending, daily interest crediting, or helpful budgeting tools.
Deposit insurance: SGD deposits with DI Scheme members are insured up to S$100,000 per depositor per member (see SDIC links in sources).

Top everyday picks (alphabetical)

CIMB FastSaver

Simple, “no-frills” account that prioritises ease. Highlights often include no fall-below fees and daily interest accrual with monthly crediting. Handy if you prefer straightforward terms without pairing cards or salary-credit conditions. For current rates and any card-linking fees, check CIMB’s rates and charges page.

Learn more: CIMB FastSaver and latest savings rates.

DBS Multiplier Account

Designed as an all-in-one everyday hub. Bonus rates are tied to doing your regular banking with DBS/POSB—salary/income crediting, card spend, investments or insurance. The programme and caps are periodically refreshed, and DBS publishes a dedicated rates page that explains how the tiers work. Suits customers who already use DBS for pay, cards and PayLah!/PayNow.

Learn more: DBS Multiplier overview and official rates page.

HSBC Everyday Global Account (EGA)

A multi-currency everyday account that pairs with the Everyday Global Debit Card. You can hold and spend in supported currencies, and convert in-app at real-time rates. EGA occasionally offers bonus interest/cashback promotions—useful for travellers and online shoppers who transact in foreign currencies.

Learn more: HSBC EGA product page, debit card details, and current promotional T&Cs.

OCBC 360 Account

A classic “do more, earn more” account. Extra interest is awarded across categories such as salary crediting, increasing balances, and eligible insurance or investment products. Good fit if you already credit salary to OCBC and want a clear structure for bonus tiers. OCBC publishes a single page with the latest 360 mechanics and a separate interest-rates page.

Learn more: OCBC 360 overview and OCBC deposit interest-rates page.

Standard Chartered JumpStart

Popular with young adults and students. Typically features straightforward interest on the first balance tier, no monthly fees, and no salary-crediting requirement. Eligibility and tiers are defined on the official JumpStart page, with recent notices clarifying how interest applies above the first tier.

Learn more: SC JumpStart page and recent deposit-rate notices.

Trust Bank Savings

A digital-first account backed by a local retailer and a major international bank. You can choose among simple “plans” for how you earn interest and create “Savings Pots” to segment goals without losing the main account’s rate. Transparent, app-centric experience; useful if you want quick onboarding and flexible goal sub-accounts.

Learn more: Trust Savings Account, Trust+ tiering, and Savings Pots.

UOB One Account

Everyday account built around two simple actions: monthly card spend and salary crediting (or GIRO). UOB publishes a clear explainer and a calculator. Note that UOB updates rates from time to time and issues notices; check the official page and the latest rate-revision circular for effective dates.

Learn more: UOB One Account page and latest rate-revision notice.

GXS Savings Account

Mobile-only bank with “Saving Pockets” and optional “Boost Pocket” tenures. Interest is credited daily, which many people enjoy for visibility. There is a per-account balance cap and product-specific rates for Main Account vs. Pockets; GXS publishes current numbers and also explains SDIC coverage and caps. Excellent if you prefer a lightweight, app-led setup.

Learn more: GXS Savings Account, Saving/Boost Pockets details, and product news on caps.

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How to choose quickly

Already loyal to a bank? If your salary and spending flow through DBS/POSB, OCBC, or UOB, pick the matching “ecosystem” account (Multiplier, 360, or One) for smoother bonus tiers.
Prefer low effort? A simple account like CIMB FastSaver or a digital option (Trust, GXS) keeps conditions light while you use PayNow/FAST as usual.
Travel or shop overseas? HSBC Everyday Global Account’s multi-currency features can streamline FX spending.
Young adults (students/NSFs): Standard Chartered JumpStart is designed for you; confirm the latest eligibility and caps.
Safety: Confirm your bank is a DI Scheme member and note the S$100,000 SDIC coverage per member for SGD deposits.

Fees and practical notes

Account conditions: Bonus-interest tiers, balance caps, and qualifying transactions change over time. Always check the bank’s latest rate page before switching.
Payments: All accounts listed support FAST and PayNow through their apps; set up GIRO/eGIRO for bills where helpful.
Overseas use: If you spend overseas, confirm how FX pricing works (multi-currency wallets vs. SGD conversion) on the bank’s product page or debit/credit card FAQ.
Insurance: SGD deposits with DI Scheme member banks are insured up to S$100,000 per depositor per member; foreign-currency deposits and investments are generally not insured under SDIC.

Best Savings Accounts in Singapore for Everyday Use