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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 [...]