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Savings account interest optimiser
The same balance can earn very different interest depending on the account it sits in. Singapore banks pay a small base rate plus bonus interest when you meet conditions like crediting your salary or spending on a linked card. This compares the main accounts on the things you already do, so you can see which one is leaving money on the table.
That is the bonus interest you could earn in a year with UOB One, the highest of the four for your inputs, at an effective rate of 2.67%. Bank rates are illustrative; always verify on each bank's product page.
The amount you keep in this savings account. Bonus interest is usually capped at the first S$50k to S$100k depending on the bank.
The salary paid into the account each month. Some banks need a minimum (for example S$1,600 to S$3,000) before the salary bonus applies.
What do you do each month?
Estimated annual interest by bank
Things to watch
- Balance above cap: only the first S$50,000 earns bonus interest at UOB One
Sources