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
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.
Frequently Asked Questions
Everything you need to know, in one place.
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.
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