We compared 3 popular saving accounts from OCBC, UOB and BOC. The interest rates used below are realistic rates we think an average Singaporean will obtain from these saving accounts.
Ultimately, the amount of interest you will get depends on your spending habits, income level and total account balance.
For example, if you don’t spend $500 on you credit card every month, the UOB One Account will earn you less than the OCBC 360 Account.
If you are a heavy spender with a high income, the BOC saving account could earn you more than the UOB One Account at a $50,000 account balance.
Beyond $50,000, the interest rates also differ. We urge you to read the specific conditions for each saving account to find the one most suitable for you.
Read Also: Best Savings Accounts In Singapore
DollarsAndSense.sg aims to provide interesting, bite-sized financial articles that are relevant to all Singaporeans. Subscribe to our free e-newsletter to receive exclusive content not available anywhere else. Also follow us on Instagram to get your dose of finance knowledge visually.