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Finally FairPrice Plus is going to drop the interest rate for their Savings Account Interest. From their website, it states: Wef 1st Mar 09, the new FairPrice Price interest rates will function as:  First S$50,000  0.5% p.a.  From S$50,001 to S$500,000  1.0% p.a. (limited to maximum deposit of S$500,000) Scenario 1: If customer has S$60,000, [...]

If you are still having the bulk of your savings in normal savings account like POSB whose bank interest rate is 0.25%p.a., you might want to reconsider again. You might want to consider moving some of your savings to banks that offers high interest rate. One such bank is FairPrice Plus, currently offering 1%p.a. interest [...]

Standard Chartered eSaver Account is now offering Bonus Interest Rate of up to 1.88%p.a. on your Top-Up amount. The offer last till 31 December 2008. Balance Interest Rate + Bonus Rate = Special Rate Less than $50,000 0.50%p.a. 0.50%p.a. 1.00%p.a. $50,000 to $199,999 0.88%p.a. 0.30%p.a. 1.18%p.a. $200,000 to $499,999 1.00%p.a. 0.30%p.a. 1.30%p.a. $500,000 to $999,999 1.00%p.a. [...]