DBS/POSB Savings Account Interest Rate

Updated on: 1 December, 2012

In general, theĀ interest rate that POSB/DBS offered for their savings account is pretty low as both POSB and DBS only offered 0.05% p.a. for the first $10,000 for your savings.

This means for every $10,000 deposited, you will get S$5 of interest per year.

DBS/POSB Savings Account Interest Rate

POSB PASSBOOK / SAVE-AS-YOU-EARN / EVERYDAY SAVINGS / POSBKIDSInterest Rate
(% p.a.)
First $10,0000.05
Next $90,0000.05
Next $250,0000.05
Next $650,0000.075
Remaining balance above $1,000,0000.100
DBS SAVINGS PLUS / EXPATRIATE SAVINGS PLUS / SAVINGS PLUS
First $10,0000.05
Next $90,0000.05
Next $250,0000.05
Next $650,0000.075
Remaining balance above $1,000,0000.100
DBS eAUTOSAVE / eAUTOSAVE PLUS / EXPATRIATE eAUTOSAVE / EXPATRIATE eAUTOSAVE PLUS
First $10,0000.05
Next $90,0000.05
Next $250,0000.15
Next $650,0000.225
Remaining balance above $1,000,0000.250
MYSAVINGS ACCOUNT (Interest rate is based on the Monthly Savings Amount) FOR MONTHLY SAVINGS AMOUNT
$50 - $2900.05
$800 - $1,4900.25
$1,500 - $3,0000.25
eMYSAVINGS ACCOUNT + (Interest rate is based on the Monthly Savings Amount) FOR MONTHLY SAVINGS AMOUNT
$300 - $7900.20
$800 - $10,0000.25
Savings reward on monthly savings amount1.50
If there is a failed crediting of monthly savings amount, withdrawal made or account is closed during the month0.05

[Source]

Singapore Bank Savings Interest Rate Low Interest For Fund Transfer In Singapore