The Fifth C

Best Savings Account Interest Rates in Singapore (2026)

Compare OCBC 360, UOB One, and DBS Multiplier — Singapore's top high-interest savings accounts. Enter your salary and spending to see which pays you the most.

Savings Account Optimiser

OCBC 360 · UOB One · DBS Multiplier

Additional Criteria

Best for you

OCBC OCBC 360

2.70% p.a.

$113/month · $1,350/year

OCBC OCBC 360Best
2.70%
$113/mo$1,350/yr
  • Salary credit (+1.00%)
  • Card spend $500+ (+0.25%)
  • Insurance (+1.00%)
  • Grow (increase balance) (+0.40%)
DBS DBS Multiplier
2.40%
$100/mo$1,200/yr
  • Salary credit ($5,000)
  • Credit card spend ($500)
  • Insurance premium
  • 3 categories · 2.40% rate
UOB UOB One
1.00%
$42/mo$500/yr
  • Salary credit + $500 spend met
  • $0–$75,000 @ 1.00%

Rates verified 2026-06-15 and are indicative — banks revise these often, so confirm directly before relying on them. OCBC 360 reflects the 1 May 2026 revision and assumes the Save bonus (balance grows month-on-month). UOB One (revised 1 Dec 2025) pays blended interest across balance tiers and needs salary credit plus $500 monthly card spend.

Why the Headline Rate Is Almost Never What You Earn

Singapore's major savings accounts advertise rates up to 4–7% p.a., but these figures assume you qualify for every bonus category simultaneously — salary credit, card spend, insurance, investments, and loan repayments with the same bank. Most customers qualify for two or three categories. The effective rate on your full balance is typically 1.5–2.5% for an engaged customer.

The three accounts also work differently. OCBC 360 pays a flat bonus rate on your first $75k for each qualifying category. UOB One pays tiered rates on balance tranches — your first $75k earns less than the $75k–$150k tranche. DBS Multiplier blends your income and total transactions to slot you into a rate tier. The right account depends on which categories you naturally qualify for without changing your spending behaviour.

Worked example — $6,000 salary, $600/month card spend, $80,000 balance

OCBC 360
~2.15%
~$143/mo
Salary + spend bonus on first $75k. Remaining $5k at base rate (0.05%).
UOB One
~1.55%
~$103/mo
$75k tranche at lower rate, $5k at base. Requires salary credit + minimum card spend.
DBS Multiplier
~1.80%
~$120/mo
1 category (salary, $6k) qualifies for middle tier. Add cc spend to unlock higher rate.

Figures are estimates using the calculator logic above. Verify on each bank's website — rates and tier structures change without notice.

Related Calculators

Fixed Deposit Rates Best FD rates by tenure FIRE Calculator Put your savings to work Salary Take-Home How much you can save monthly CPF Contribution CPF before take-home

Savings Accounts — Frequently Asked Questions

Which Singapore savings account gives the highest interest in 2026?
It depends on your balance and how many bonus categories you hit. DBS Multiplier peaks at 4.1% p.a. with 3+ categories and high transactions. OCBC 360 stacks bonuses across salary, save, spend, insure and invest on the first $75,000. UOB One pays a blended rate up to about 1.90% p.a. at the $150,000 cap, weighted toward higher balances. The best account depends on which criteria you actually meet.
How do I qualify for the OCBC 360 bonus interest?
OCBC 360 bonus interest stacks across categories: credit a salary of at least $1,800/month (+1%), spend $500+/month on an OCBC credit card (+0.25%), grow your balance month-on-month (+0.4%), and hold an eligible OCBC insurance (+1%) or investment (+1%) product. The bonus applies on the first $75,000, reflecting the 1 May 2026 revision.
What is the UOB One account interest rate structure?
UOB One requires salary credit (min $1,600/month) and $500+ monthly card spend. Interest is paid as a blend across balance tiers: first $75,000 at 1%, $75,000–$125,000 at 2.5%, and $125,000–$150,000 at 3.4% p.a. — a maximum blended rate of about 1.90% p.a. at the $150,000 cap.
How does DBS Multiplier work?
DBS Multiplier rewards you for transacting more with DBS/POSB. Eligible categories include salary credit, credit card spend, home loan instalment, insurance premiums, and investments. The more categories you activate and the higher your monthly transactions, the higher the bonus — up to 4.1% for 3+ categories and $30,000+ in transactions, on the first $100,000.
Should I split my savings across multiple accounts?
Often yes. Since UOB One weights interest toward higher balances while OCBC 360 and DBS Multiplier reward bonus categories, many people keep funds where they meet the most criteria and park the rest in fixed deposits or T-bills. The optimal mix depends on your salary-credit bank, card spend, and whether you hold insurance or investments with each bank.