Best High Interest Savings Account Singapore 2026

Singapore’s best high interest savings accounts in 2026 offer rates ranging from 2.5% to over 7% p.a. — a dramatic improvement from the near-zero rates of 2020–2021. With T-bill yields falling to ~1.44% in June 2026, bonus savings accounts have become one of the best places to park your emergency fund and short-term cash.

The key is matching the account to your banking behaviour — the highest rates require salary crediting, credit card spend, or product holding criteria that not everyone meets.

Best High Interest Savings Accounts Singapore 2026

Bank / Account Max Rate Balance Cap Key Criteria
UOB One Up to 7.8% p.a. S$150,000 Salary + S$500 card + dividends
OCBC 360 Up to 4.65% p.a. S$100,000 Salary + card + insurance/invest
DBS Multiplier Up to 4.1% p.a. S$100,000 Salary + eligible transactions
GXS Bank Up to 3.48% p.a. S$75,000 Grab spending habits
Trust Bank Up to 3.5% p.a. S$75,000 FairPrice/Kopitiam spend
MariBank 2.7% p.a. (flat) Unlimited None — easiest to earn

Which Account Should You Choose?

Highest earner: UOB One — if you can meet salary + card spend criteria. Easiest: MariBank — flat 2.7% with no hoops. Best for HDB mortgage holders: OCBC 360. Best for Grab users: GXS Bank. Best for FairPrice shoppers: Trust Bank.

See also: DBS Multiplier vs OCBC 360 | MariBank Referral Code 2026 | GXS Bank Referral Code 2026

Frequently Asked Questions

What is the highest savings account interest rate in Singapore 2026?
UOB One offers up to 7.8% p.a. when all criteria (salary, card spend, dividends) are met. For the average salaried employee meeting salary + card criteria, effective rates are typically 4–6% p.a.
Which savings account has the least requirements?
MariBank — a flat 2.7% p.a. with no qualifying criteria. Just deposit and earn. Ideal for simple, hassle-free savings.
Are digital bank savings accounts safe in Singapore?
Yes — MariBank, GXS Bank, and Trust Bank are all MAS-licensed digital banks and SDIC-insured up to S$100,000 per depositor, per bank.
Can I hold multiple savings accounts for higher interest?
Yes — many Singaporeans spread funds across UOB One (within cap), MariBank, and GXS to maximise blended returns. SDIC covers S$100,000 per bank, so diversification also protects you.
Do bonus savings accounts beat fixed deposits in 2026?
Yes, for most criteria-meeting customers. UOB One (4–7.8%) and OCBC 360 (3–4.65%) beat most fixed deposit rates of 2–3% in June 2026, with full liquidity.
What is the SDIC protection limit for savings accounts?
S$100,000 per depositor per bank. If you hold more than S$100,000, spread across multiple banks to ensure full SDIC coverage.
Is the interest rate on savings accounts guaranteed?
No — banks can change rates at any time with notice. Bonus savings account rates are particularly variable and have moved significantly in 2023–2026 in line with interest rate cycles.
Which account is best for a freelancer or self-employed person?
MariBank or GXS Bank — both offer competitive flat rates without requiring salary crediting. Traditional bonus accounts typically require regular payroll GIRO, which freelancers may not have.
Should I use a savings account or SSB for my emergency fund?
Savings accounts — for full liquidity. SSB has a one-month redemption window. For emergency funds you need instant access, a high-yield savings account wins.