Singapore savings rates fell hard through 2026, with UOB One down to a maximum 1.90%, and the neobanks cut just as deeply. Three of the five moved again in October, and every change went up. GXS added an 18-month Boost Pocket at 2.0% p.a., level with Chocolate Finance's condition-free 2.0% target but SDIC-insured, and its save-and-invest campaign still pays 3% or 3.2% p.a. to 30 October. Chocolate is paying an extra 1% p.a. on new USD through October. StashAway Simple Plus now yields 3.1%, and new investors who join by 30 October get 6.2% for one month. We compare Trust, GXS, MariBank, Chocolate Finance and StashAway Simple on real rates, caps, conditions and fine print, all re-checked on each provider's own site on 17 October 2026.
If you last looked at Singapore's neobanks in 2024, throw out the numbers in your head: every provider here cut rates during 2026.
> Quick view: the best no-hoops SGD rate you can withdraw any day is Chocolate Finance at 2.0% p.a., though it is not a bank. GXS now matches it with SDIC cover in an 18-month Boost Pocket. Trust Flex pays up to 2.40% p.a. if you clear 3 of 8 monthly scoops.
THE PLANS: Trust replaced its old single-rate savings account with three plans you can switch between monthly in the app, all on a 0.05% base and on deposits up to S$1.2M.FLEX PLAN: the one worth having, at up to 2.40% p.a. for completing any three of eight bonus 'scoops' each month. The largest on paper is +1.20% for referring a new credit card customer, but that is not repeatable for most people, so the realistic combination is +0.70% for holding S$20,000 in eligible TrustInvest funds, +0.45% for crediting a S$1,500 salary via GIRO, +0.30% for a S$100,000 average daily balance, +0.20% for growing your average daily balance by S$3,000 month-on-month, +0.15% for receiving S$1,500 in PayNow transfers and +0.15% for S$500 of foreign currency spend.FINE PRINT: the card-spend scoop, five transactions of S$30 or more, is worth +0.20% to NTUC union members but only +0.10% to everyone else, and an off month drops Flex to the 0.05% base.OTHER PLANS: Signature (the default if you pick nothing) caps at 1.00% on four of those scoops, and Zen pays a flat 0.40% with no conditions. SDIC-insured, Standard Chartered-backed.BEST FOR: people whose salary, card and investing activity already sit in one place, and who will actually check the scoops each month.
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THE RATE: targets 2.0% p.a. on the first S$20,000 SGD and 1.8% p.a. on the next S$80,000, covering your whole first S$100,000, and up to 1.8% on anything above that, with no monthly conditions at all: no salary credit, no card spend, no subscription. That is the highest no-hoops SGD rate on this list among money you can withdraw any day, roughly double what GXS or MariBank pay on an ongoing basis; GXS only matches it by locking funds for 18 months.OCTOBER PROMO: from 1 to 31 October 2026, USD you add above your starting balance earns an extra 1% p.a., so 4.1% + 1% on the first US$20,000 and 3.8% + 1% on the next US$80,000, with no opt-in, minimum or maximum. SGD-to-USD conversions count, and the bonus is credited 7 to 10 business days after 31 October. The SGD-side SG61 booster ended on 30 September 2026 with no SGD replacement.NOT A BANK: Chocolate is a Capital Markets Services licensee investing in fixed-income funds, so deposits are not SDIC-insured, capital is not guaranteed, and the rates are targets rather than promised interest. Funds are held with regulated custodians (HSBC, State Street).TOP-UP PROGRAMME: it makes up any shortfall against the 2% and 1.8% targets for a qualifying period ending 31 December 2026, per the company's own published rate data.BEST FOR: savers who want a genuinely condition-free 2% and accept fund risk in exchange.
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THE RATES: the main account pays 0.88% p.a. with interest credited daily. A Saving Pocket, a separate sub-account for goals like a holiday or emergency fund, earns 1.2% p.a. with no lock-in, still flagged as a limited-time promotional rate.BOOST POCKETS: lock money for a fixed term and you get up to 2.0% p.a., the 0.88% base plus a maturity bonus paid when the pocket matures: +0.13% at 1 month, +0.34% at 3, +0.52% at 4, +0.82% at 8 (raised from +0.42%), +0.87% at 12 and +1.12% on a newly added 18-month term. You can hold up to 8 Boost Pockets and 8 Saving Pockets, with total deposits capped at S$95,000.OCTOBER CAMPAIGN: GXS pays 3% p.a. on a new 4-month Boost Pocket named 'BOOST4' holding at least S$5,000 if you also invest at least S$2,000 in a GXS Invest fund (excluding Cash Plus) by 30 October 2026 and hold that investment to 28 February 2027, or 3.2% p.a. if you invest S$10,000 or more; both sides must be fresh funds, measured against your 30 September 2026 balance.FINE PRINT: only 1.4% of that is interest. The rest arrives as cashback by 31 March 2027, first come, first served, capped at S$107 on the 3% tier and S$300 on the 3.2% tier. The 3.48% figure still circulating online was a limited launch tranche and is no longer available.REFERRAL: you and a friend each get S$8 when they open an account and deposit S$500, listed to 31 December 2026. SDIC-insured (Singtel/Grab consortium).BEST FOR: goal-based savers happy to commit part of their balance to a fixed term, since the pocket structure also makes it harder to raid the emergency fund on impulse.
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THE RATE: 0.88% p.a. ongoing, with genuinely no conditions: no salary credit, no card spend, no minimum deposit, no fall-below fees, and interest credited daily.HEADLINE RATE: the advertised 3.08% p.a. is the 0.88% base plus three add-ons: a +1.60% new-user bonus that applies only for your first 30 days after opening (on balances up to S$100,000), +0.40% that requires you to link your Shopee account and hold an active paid ShopeeVIP subscription, and +0.20% for crediting your salary. So treat 3.08% as a first-month welcome rate, not a rate you can hold; the most a long-term customer can realistically stack is 0.88% plus the ShopeeVIP and salary bonuses. Balances above S$100,000 earn the 0.88% base. SDIC-insured (backed by Sea Group, Shopee's parent).BEST FOR: parking cash you want completely liquid and hassle-free, or Shopee regulars who already pay for ShopeeVIP.
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THE PRODUCTS: StashAway's cash management products, both with no lock-in, no minimum, and withdrawals in about one working day. Simple has a projected rate of 1.5% p.a. net of fees, invested in low-risk money market funds. Simple Plus carries a 3.1% yield to maturity (updated 7 October 2026, up from 2.7%) and holds slightly higher-risk corporate debt with a recommended holding period of at least 12 months, so its value can move against you. Simple Fixed pays a fixed 1.3% p.a. on a 1-month lock-in (rate as of 16 October 2026, up from 1.1%).OCTOBER WELCOME OFFER: new clients who verify or first invest between 8 and 30 October 2026 get an extra 1.5% p.a. on their first S$10,000 in Simple (3% in total) or an extra 3.1% on their first S$10,000 in Simple Plus (6.2% in total), each for one month only and credited as a rebate within 31 days of the booster ending. They also get 3 months of zero management fees on managed portfolios up to S$250,000, and S$50 in ETF rebates for investing S$3,000 in ETF Explorer within the first month. Withdraw the qualifying money before the reward is paid and you forfeit it.NOT A BANK: StashAway is a CMS licensee, so neither Simple nor Simple Plus is SDIC-insured, though funds sit with regulated custodians.BEST FOR: investors comfortable with money-market and short-duration credit risk who want yield without locking cash up.
Visit website| Provider | Ongoing rate (no conditions) | Max rate | What the max requires | Balance cap | SDIC-insured |
|---|---|---|---|---|---|
| Trust Bank (Flex plan) | 0.05% base | 2.40% p.a. | 3 of 8 monthly 'scoops', e.g. S$20k invested (+0.70%), S$1,500 salary (+0.45%) | S$1.2M | Yes |
| Trust Bank (Zen plan) | 0.40% p.a. | 0.40% p.a. | Nothing, flat rate | S$1.2M | Yes |
| Chocolate Finance (SGD) | 2.0% p.a. target | 2.0% p.a. target | Nothing; 1.8% on next S$80k (SG61 booster ended 30 Sep 2026) | First S$20k at top tier | No, not a bank |
| GXS Bank | 0.88% p.a. | up to 2.0% p.a. | Lock funds in a Boost Pocket for a fixed 1, 3, 4, 8, 12 or 18-month term (2.0% needs 18 months) | S$95,000 total | Yes |
| GXS save-and-invest promo | n/a | 3.0% p.a. (3.2% if you invest S$10k+) | 4-month 'BOOST4' pocket (S$5k+) + S$2k in a GXS Invest fund, 1 to 30 Oct 2026, held to 28 Feb 2027 | Fresh funds only; cashback capped at S$107 / S$300 | Yes on the pocket |
| MariBank | 0.88% p.a. | 3.08% p.a. | +1.60% for first 30 days only, +0.40% needs paid ShopeeVIP, +0.20% salary credit | First S$100k for bonus | Yes |
| StashAway Simple | 1.5% p.a. projected | 3.0% p.a. projected | New investors joining 8 to 30 Oct 2026: +1.5% on the first S$10k for 1 month | No cap | No, not a bank |
| StashAway Simple Plus | 3.1% yield to maturity | 6.2% YTM | New investors joining 8 to 30 Oct 2026: +3.1% on the first S$10k for 1 month | No cap | No, not a bank |
| For reference: UOB One | 0.05% | 1.90% p.a. | S$1,600 salary credit + S$500 card spend | S$150,000 | Yes |
| For reference: OCBC 360 | 0.05% | 2.20% p.a. | Salary + save + spend; promo rate 1 Aug to 31 Dec 2026 (4.70% with insure/invest) | S$100,000 | Yes |
Since our last full check of every rate on 26 September 2026, three of the five providers changed something, and every change went up. All of it was live when we re-checked on 17 October.
GXS added an 18-month Boost Pocket at 2.0% p.a., the 0.88% base plus a +1.12% maturity bonus, and lifted the 8-month bonus from +0.42% to +0.82%, so 8 months now pays 1.70%. The 12-month rate is still 1.75%. The save-and-invest campaign (3% or 3.2% p.a.) still runs to 30 October, and GXS lists its S$8 referral reward, paid to you and a friend who opens an account and deposits S$500, to 31 December 2026.
Chocolate Finance is paying an extra 1% p.a. on new USD for October. From 1 to 31 October 2026, USD you add above your starting balance earns 4.1% + 1% on the first US$20,000 and 3.8% + 1% on the next US$80,000. There is no opt-in, minimum or maximum, converting SGD to USD inside the app counts, and the bonus is credited 7 to 10 business days after 31 October. The SGD side has no October booster.
StashAway raised two rates and replaced its welcome offer. Simple Plus's yield to maturity rose from 2.7% to 3.1% (updated 7 October), and Simple Fixed from 1.1% to 1.3% p.a. (rate as of 16 October). The 3-month welcome booster is gone. New clients who verify or first invest between 8 and 30 October 2026 get an extra 1.5% p.a. on their first S$10,000 in Simple (3% in total) or an extra 3.1% on their first S$10,000 in Simple Plus (6.2% in total), for one month only, plus 3 months of zero management fees on managed portfolios up to S$250,000 and S$50 in ETF rebates for investing S$3,000 in ETF Explorer within the first month.
Trust, MariBank, UOB One and OCBC 360 are unchanged since 26 September.
Several figures still circulating online, including Trust at 4%, MariBank at 3.21% and GXS at 3.48%, no longer exist. Trust retired its old flat-rate structure for three named plans, GXS's main account now pays 0.88% p.a., and MariBank's base rate is also 0.88%.
The Big-3 fell too, but one of them has since bounced. UOB One now pays a maximum effective 1.90% p.a., while OCBC 360 is running a promotion to 2.20% p.a. on the first S$100,000 from 1 August to 31 December 2026 for salary, save and spend, a temporary lift to the Save bonus and higher than any ongoing rate a neobank on this list will give you. The honest 2026 summary is that neobanks no longer beat a Big-3 account you already qualify for. They win on the money that doesn't fit those conditions, and on not making you jump through hoops every month.
Three of the five options below are licensed digital banks under MAS (Trust, GXS, MariBank) with SDIC protection up to S$100k per bank. Two are non-bank cash management products (Chocolate Finance, StashAway Simple) that are not SDIC-insured and carry investment risk. All rates were re-verified against each provider's own site on 17 October 2026.
The most common head-to-head, and the answer is clearer than it used to be. Chocolate Finance targets 2.0% p.a. on your first S$20,000 and 1.8% p.a. on the next S$80,000, so the whole of your first S$100,000 is covered, with no monthly conditions at all: no salary credit, no card spend, no subscription. MariBank pays 0.88% p.a. as its ongoing base rate. Its advertised 3.08% is that 0.88% base plus a 1.60% new-user bonus that runs only for your first 30 days, plus 0.40% that requires an active paid ShopeeVIP subscription, plus a 0.20% salary-crediting bonus.
So for the first month, MariBank pays more. From month two onward, Chocolate roughly doubles it. The catch is protection: MariBank is a licensed bank with SDIC coverage to S$100,000, while Chocolate Finance is a Capital Markets Services licensee investing in fixed-income funds, so your capital is not guaranteed and returns are a target rather than a promise. Pick MariBank if SDIC coverage is non-negotiable; pick Chocolate if you accept fund risk for roughly double the yield.
The 61-day SGD booster, which added an extra 1% p.a. on up to S$20,000 of new money from 1 August to 30 September 2026, is over, and no SGD replacement was running on 17 October. The October promotion is on the USD side instead: an extra 1% p.a. on USD you add from 1 to 31 October, covered above. If you qualified, the boosted portion lands in your Chocolate SGD account about 10 business days after 30 September. Everyone is now back on the regular 2.0% p.a. target on the first S$20,000 and 1.8% on the next S$80,000, with the returns top-up programme running to 31 December 2026.
Rerun for October after the September round closed, and still the highest bank-backed number on this page. Create a new 4-month Boost Pocket named "BOOST4" with at least S$5,000 of fresh funds and invest at least S$2,000 in any GXS Invest fund other than Cash Plus between 1 and 30 October 2026, then hold the pocket to maturity and the investment through to 28 February 2027. GXS then pays 3% p.a. on the Boost Pocket funds if you invest at least S$2,000, or 3.2% p.a. if you invest S$10,000 or more, in place of the standard 1.4% p.a. 4-month rate. The minimum investment for the 3% tier is down from S$5,000 in September.
Read the construction before you commit, because only part of it is interest: the standard 1.4% p.a. (0.88% daily base plus 0.52% bonus credited when the 4-month pocket matures), plus cashback paid into your Main Account by 31 March 2027. The cashback is 1.6% p.a. capped at S$107 on the lower tier, and 1.8% p.a. capped at S$300 on the higher tier. Over four months those caps are reached at roughly S$20,000 and S$50,000 in the pocket, so money above that earns less than the headline. Both the pocket deposit and the investment must be new money, assessed against your balances on 30 September 2026, your total day-end balance must not fall below its level when you opened the pocket, cashback is first come, first served while stocks last, and the investment carries market risk that the Boost Pocket does not.
Effectively a tie on the base rate. Both sit at 0.88% p.a., both credit interest daily, and neither requires a salary credit or card spend to earn it, so this comes down largely to structure.
GXS lets you push higher in two steps. Money moved into a Saving Pocket earns 1.2% p.a. with no lock-in (up to 8 pockets), which GXS currently flags as a limited-time promotional rate, and a Boost Pocket pays up to 2.0% p.a., the 0.88% base plus a maturity bonus of +0.13% to +1.12% depending on term. Boost Pocket terms are fixed at 1, 3, 4, 8, 12 or 18 months (1.75% at 12 months, 2.0% at 18), you can hold up to 8 of them, and the bonus is only paid if you leave the money in until maturity. Total GXS deposits are capped at S$95,000 across all pockets.
MariBank has no equivalent tiering, so you either hold the base rate or you are inside the 30-day new-user window, but it also has no cap on liquidity, no fall-below fee and no minimum deposit, and it pays 0.88% on balances well past S$95,000 (the base rate continues above S$100,000, only the bonus stops). It is also the one of the two that now rewards a salary credit, at +0.20% p.a.
The practical split: choose GXS if you have a defined savings goal and can leave part of the balance untouched for a fixed term, since 1.75% at 12 months and 2.0% at 18 months are roughly double MariBank's rate, but only on locked money. Choose MariBank if you want everything instantly liquid, if you are saving more than S$95,000, or if you already pay for ShopeeVIP and can claim its 0.40% bonus. If neither appeals, Chocolate Finance's condition-free 2.0% matches GXS's best locked rate without the lock-in, at the cost of SDIC protection.
Trust wins on headline rate, GXS on simplicity. Trust's Flex plan reaches up to 2.40% p.a., but only by completing three of eight monthly "scoops". The largest is +1.20% for referring a new credit card customer, which is not something most people can repeat every month, followed by +0.70% for holding S$20,000 in eligible TrustInvest funds and +0.45% for crediting a S$1,500 salary. Miss them and you fall toward the 0.05% base. GXS pays 0.88% p.a. with nothing required at all, rising to 2.0% only if you lock funds in an 18-month Boost Pocket. Worth saying plainly, because the search traffic suggests people mix them up: the Boost Pocket ceiling is a GXS rate, not a Trust rate, and no Trust plan pays it.
Trust also offers a no-conditions option, the Zen plan at a flat 0.40% p.a., which is actually worse than simply leaving cash in GXS. So the rule of thumb: if you will genuinely clear three Flex scoops every month, Trust pays roughly triple GXS. If you won't, GXS pays more than Trust's unconditional plan.
Trust's Flex plan at up to 2.40% p.a. beats MariBank's 0.88% base by a wide margin, but only for people whose monthly banking already looks like Trust's scoop list (salary credit, card spend, invested balances). MariBank asks nothing for its 0.88%, and now adds +0.20% if you credit your salary. Trust's unconditional Zen plan pays 0.40%, which MariBank beats. One detail worth checking before you count on it: the card-spend scoop, five transactions of S$30 or more on your Trust card, is worth +0.20% p.a. to NTUC union members but only +0.10% p.a. to everyone else, and neither is the headline 4% rate widely quoted from Trust's earlier product.
Trust, GXS, and MariBank are licensed digital banks under MAS, and deposits are SDIC-insured up to S$100,000 per depositor, the same protection as DBS, OCBC and UOB. Chocolate Finance is a Capital Markets Services licensee rather than a bank, so deposits are NOT SDIC-insured, though funds are held with regulated custodians. StashAway Simple invests in money market funds (T-bills, fixed deposits), also not SDIC-insured but very low risk. For peace of mind, prefer Trust, GXS or MariBank for primary savings.
For a rate you can hold long-term, Trust Bank's Flex plan tops the list at up to 2.40% p.a., but you have to complete three of eight bonus 'scoops' every month, such as salary credit, investing and card spend. Chocolate Finance targets 2.0% p.a. on the first S$20,000 with no monthly hoops, though it is not a bank, and GXS now matches that 2.0% with SDIC cover if you lock money in its new 18-month Boost Pocket. StashAway Simple Plus shows a higher 3.1% yield to maturity, but it holds corporate debt you are meant to keep for at least 12 months, and the yield is not guaranteed. One limited campaign pays more on bank money: from 1 to 30 October 2026, GXS pays 3% p.a. on a 4-month Boost Pocket held alongside at least S$2,000 in GXS Invest, or 3.2% p.a. if you invest S$10,000 or more, though part of that arrives as capped cashback. New StashAway investors who join between 8 and 30 October get 6.2% on their first S$10,000 in Simple Plus, but only for one month. Other headline figures are usually temporary. MariBank advertises up to 3.08% p.a., but that stacks bonuses including one that only holds for 30 days after opening and another that requires a paid ShopeeVIP subscription. Its ongoing base rate is 0.88% p.a.
No, 1.6% is not a Trust Bank rate, and the confusion is common enough that it is worth stating plainly. Trust's three plans pay a flat 0.40% p.a. (Zen), up to 1.00% p.a. (Signature) or up to 2.40% p.a. (Flex, if you clear three of eight monthly scoops), all on a 0.05% base. The figure people are usually thinking of belongs to GXS Bank, and it has since moved: a GXS Boost Pocket now pays up to 2.0% p.a., made up of the 0.88% base plus a maturity bonus of +0.13% to +1.12% depending on whether you pick a 1, 3, 4, 8, 12 or 18-month term, paid when the pocket matures. Separately, 1.6% is the cashback component of the lower tier of the GXS save-and-invest campaign running to 30 October 2026, not an interest rate on its own.
Three, and all end this month. StashAway's welcome rewards run 8 to 30 October 2026 for new clients only: an extra 1.5% p.a. on the first S$10,000 in Simple (3% in total) or an extra 3.1% on the first S$10,000 in Simple Plus (6.2% in total), each for one month, plus 3 months of zero management fees on managed portfolios up to S$250,000 and S$50 in ETF rebates if you invest S$3,000 in ETF Explorer in your first month. Chocolate Finance pays an extra 1% p.a. from 1 to 31 October on USD you add above your starting balance, with no opt-in and no minimum; converting SGD to USD counts, and the bonus is credited 7 to 10 business days after 31 October. GXS reran its save-and-invest campaign for 1 to 30 October 2026: open a new 4-month Boost Pocket named BOOST4 with at least S$5,000 of fresh funds and invest at least S$2,000 (down from S$5,000 in September) in a GXS Invest fund other than Cash Plus for 3% p.a., or S$10,000 or more for 3.2% p.a. October joiners must hold the pocket to maturity and the investment to 28 February 2027, and the cashback lands by 31 March 2027, first come, first served. If you qualified in September, your terms are unchanged: hold the pocket to maturity and the investment to 31 January 2027, with cashback by 28 February 2027. Chocolate Finance's SGD-side SG61 booster ended on 30 September with no SGD replacement. Its extra 1% p.a. is credited to your SGD account about 10 business days after that date, and your SGD now earns the regular 2.0% p.a. target on the first S$20,000 and 1.8% on the next S$80,000, backed by a top-up programme that runs to 31 December 2026.
Less than they were, and you should do the maths rather than assume. Through 2026 the digital banks cut rates at least as aggressively as the incumbents: GXS's main account is now 0.88% p.a. and MariBank's base is 0.88%, while UOB One pays a maximum 1.90% and OCBC 360 is running a promotion to 2.20% p.a. on salary, save and spend until 31 December 2026. If you already meet a Big-3 account's salary-and-spend conditions, that is likely still your best home for the first S$100k. Neobanks remain genuinely useful for money that does not fit those conditions, such as freelance income, a second pot beyond the bonus cap, or savings you want free of monthly hoops. For the no-conditions comparison, Trust's Zen plan at a flat 0.40% and GXS at 0.88% are the honest benchmarks.
It depends on the provider, and in 2026 the trade-off has shifted. Chocolate Finance and StashAway Simple ask for no salary credit and no monthly activity at all, so you simply deposit. GXS imposes no salary condition either, but its unconditional rate is now only 0.88% p.a. MariBank's 0.88% base needs nothing, though it has now added a +0.20% p.a. salary-crediting bonus on top for those who do route their pay through it. Trust Bank is where conditions buy you the most: its Flex plan reaches 2.40% p.a. only if you complete three of eight monthly actions, one of which is a S$1,500 salary credit worth +0.45%. If your salary is locked to an employer-nominated bank, Trust's Zen plan (flat 0.40%, no conditions) or Chocolate Finance are the realistic picks.
Yes, there is no rule against holding accounts at Trust, GXS, MariBank and traditional banks simultaneously. A common 2026 structure: salary credited to a Big-3 account to clear its bonus conditions on the first S$100k, a Trust Flex plan for money you can route enough monthly activity through, and Chocolate Finance or StashAway Simple for overflow cash you want liquid. Spreading also keeps you under the SDIC S$100k-per-bank cap if you have substantial savings. Note that cap is per bank, so Trust, GXS and MariBank each carry their own S$100k of coverage.
No. MariBank is a conventional digital bank licensed by MAS, and the Mari Savings Account pays conventional interest. There is no syariah-compliant deposit product and no Islamic banking certification. The same is true of GXS and Trust. If you need a syariah-compliant savings account in Singapore, the established options are Maybank's Savings Account-i and CIMB's FastSaver-i, both structured to avoid interest. Note that those accounts pay materially less than the neobank rates in this guide, which is the trade-off.
