Singapore Savings Calculator
Project savings growth with compound interest. Compare Singapore Savings Bonds, fixed deposits, and high-yield accounts.
Details
Result
Ending Balance
S$158,034
Total Deposits
S$130,000
Interest Earned
S$28,034
For estimation only. Not professional financial, tax, or legal advice. Consult a qualified advisor before making decisions. Full disclaimer.
Where to keep cash in Singapore
For S$10k+ balances, an all-in-one account (UOB One, OCBC 360, DBS Multiplier) or a conditional bonus account is usually the best headline. Effective rate after conditions: 3–4.5%. If you can't or won't meet the conditions, use MariBank, Stanchart Bonus$aver, or T-bills via CPF/cash.
Singapore Savings Bonds (SSB)
Issued monthly by MAS. Fully backed by the government, 10-year tenor, step-up coupon (first year ~2.5%, rising to ~3.0% average if held full 10 years). Minimum S$500, maximum S$200,000 per person. Can redeem any month with full principal and accrued interest — best cash-flex vehicle in the country.
T-bills
Monthly Singapore Government 6-month T-bill auctions have yielded 3.0–3.8% through 2025–26. Can buy via CPF OA/SA (earning more than the 2.5% OA rate), SRS, or cash. Tradable on secondary market but usually held to maturity.
Watch the real return
Singapore inflation ran 2.4% in 2025. A 3.5% HYSA gives only 1.1% real return — barely keeping up. Money beyond emergency fund should generally be invested (S&P 500, STI ETF, diversified ETFs) rather than held in cash for long horizons.
Common questions about Savings
What is the Singapore Savings Bond (SSB)?+
Government-backed 10-year bond by MAS. 2026 first-year rate ~2.5%, rising each year to ~3.0% average if held 10 years. Fully guaranteed, S$1 min / S$200k cap per person. Can redeem any month with no penalty.
Best high-yield savings account in Singapore?+
UOB One, OCBC 360, DBS Multiplier — headline rates of 4-7.8% but conditional on salary credit, card spend, bill GIRO. Effective rate usually 3-4.5% if you meet conditions. Stanchart Bonus$aver and MariBank simplest if you do not.
Fixed deposits vs T-bills vs MMF?+
FDs: 2.5%-3.2% for 12-month lock. T-bills (6-month MAS): ~3.0-3.5%, liquid on secondary market. Money market funds: ~3.3% with no lock but daily NAV. T-bills and MMF win on flexibility.
Is Singapore savings interest taxable?+
Bank deposit interest from approved Singapore banks and financial institutions is generally exempt from tax for individuals. You do not declare it in your tax return. Interest from peer-to-peer lending and non-bank sources is taxable as income. This exemption makes Singapore savings structurally more attractive than most countries' taxed interest.
How is my Singapore savings account protected?+
The Singapore Deposit Insurance Corporation (SDIC) protects deposits up to S$100,000 per depositor per Scheme member (banks and finance companies). SGS, T-bills, and SSBs are directly backed by the Singapore government — effectively AAA credit. Deposits above S$100k in a single bank carry counterparty risk beyond SDIC coverage.
Should I use a multi-currency account for savings?+
Useful if you have recurring SGD/USD/other currency expenses (travel, overseas mortgage, foreign equities). DBS Multi-Currency, StanChart, and digital providers (Wise, Revolut) offer competitive FX and per-currency interest rates. Watch for: (1) FX spreads of 0.3%-1.0% eroding returns, (2) FDIC/SDIC protection differs by currency and provider, (3) unhedged FX exposure can swing 10%-15% a year. For pure savings without currency need, stick with SGD — SSB, T-bills, FDs all comfortably beat most global peers risk-adjusted.