5 Best Savings Accounts in Singapore (2026) — Highest Interest Rates Ranked

The most flexible high-interest savings account in Singapore — no minimum spend per category, just transact more with DBS to unlock higher rates. Credit your salary to DBS and use a DBS credit card, and you can earn up to 4.1% p.a. on your first $100,000. Adding insurance, investments, or home loans with DBS stacks even more interest. Best for those who already do most of their banking with DBS and want simplicity.

OCBC 360 rewards you for crediting salary, spending on an OCBC credit card, saving more each month, and insuring or investing with OCBC. Stack all categories and earn up to 4.65% p.a. — one of the highest rates available. The 'save' bonus (earning more than last month) is unique to OCBC and rewards consistent saving habits. Best for disciplined savers who grow their balance month-on-month.

UOB One has the simplest bonus conditions of the big three: credit your salary and spend $500/month on a UOB credit card, and earn up to 4.0% p.a. on balances up to $150,000. No need to insure or invest with UOB. The higher balance cap of $150,000 (vs $100,000 for DBS/OCBC) makes it particularly attractive for those with larger savings. Best for those who want high rates with minimal conditions.

Bank of China's SmartSaver is the dark horse of Singapore savings accounts — often overlooked but consistently offering competitive bonus rates. Credit salary, spend on a BOC credit card, and invest or insure with BOC to earn up to 3.8% p.a. BOC SmartSaver requires lower minimum spends than competitors and offers bonus rates on balances up to $100,000. Best for those looking to diversify beyond the Big Three local banks.

SC BonusSaver stands out for its strong card spend bonus — earn up to 2.38% extra interest just from spending on your SC credit card, with no salary crediting requirement. This makes it ideal for self-employed individuals or those whose employer bank is fixed. Stack with salary credit and bill payments to push rates above 3.5% p.a. SC Priority Banking members get additional rate boosts. Best for those who can't credit salary to their preferred bank.