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There are lots of banks in Singapore offering savings account of different interest rates. The interest given out by some of the banks have fallen by quite a bit. As a large part of my savings are deposited in savings account, I like shift my savings if there is a better deal on the market. [...]

The last High Interest Rate Savings Account listing was updated in 2009, since then the interest rate pretty much falls to new lows. Seeing the interest rate falling really breaks my heart. But there is a newcomer in the Singapore banking industry that brought surprises. Their tagline is “Be surprised by money”! Thats right, it is [...]

Citibank is going to reduce the interest rate for the step-up account again. From my march 2010 electronic statement: Effective 1 May 2010, the interest rates for SGD Step-Up Interest Accounts and Tap and Save Accounts will be revised to: Base Interest 0.14% p.a Bonus Interest per Step-Up Counter 0.03% p.a (Maximum Step-Up Counter = [...]

Standard Chartered e$aver account is still offering one of the better savings account rates in singapore. The interest rate  has indeed dropped quite a bit since its high of 2%p.a. The current rates of SCB eSaver Less than S$50,000           0.30% p.a. S$50,000 to S$199,999    0.40% p.a. S$200,000 & above          0.50% p.a. (rates effective 20 July 2009) Image via Wikipedia [...]

Citibank’s Step-Up Interest Account & FairPrice Plus Savings Account has reduced their interest rate yet again! Bad news for us who have savings in these accounts. Step-Up Interest Account still offers the highest interest rate if you have managed to step-up to the max. You might want to consider Maybank’s iSAVvy Savings Account or StandChart’s [...]