OCBC 360 vs UOB One vs DBS Multiplier — Which Pays More?
Enter your salary, card spend, and banking habits to see which high-interest savings account — OCBC 360, UOB One, or DBS Multiplier — pays you the most.
Savings Account Optimiser
OCBC 360 · UOB One · DBS Multiplier
Additional Criteria
Best for you
OCBC OCBC 360
6.25% p.a.
$260/month · $3,125/year
OCBC OCBC 360Best
6.25%$260/mo$3,125/yr
- Salary credit (+2.00%)
- Card spend $500+ (+0.60%)
- Insurance (+1.20%)
- Grow (increase balance) (+2.40%)
UOB UOB One
4.85%$202/mo$2,425/yr
- Salary via GIRO (required)
- Card spend $500/mo
- Tier 2: $30k–$75k @ 4.85%
DBS DBS Multiplier
3.50%$146/mo$1,750/yr
- Salary credit ($5,000)
- Credit card spend ($500)
- Insurance premium
- 3 categories · 3.5000000000000004% rate
Rates are indicative based on publicly available information. Bank conditions change — verify current rates directly with each bank. OCBC 360 Grow bonus assumes balance increases month-on-month. UOB One requires salary credit via GIRO.
Savings Accounts — Frequently Asked Questions
Which Singapore savings account gives the highest interest in 2024?
UOB One offers up to 7.80% p.a. for balances between $75k–$150k with salary credit and $500/month card spend. OCBC 360 offers up to 7.65% p.a. with salary, spend, insurance, investment, and grow bonuses. DBS Multiplier peaks at 4.10% p.a. with 3+ categories. The "best" depends on how many criteria you meet.
How do I qualify for the OCBC 360 bonus interest?
OCBC 360 bonus interest stacks across 5 categories: credit salary of at least $1,800/month (+2%), spend $500+/month on OCBC credit card (+0.60%), insure with an eligible OCBC insurance policy (+1.20%), invest with an OCBC investment product (+1.20%), and grow your account balance month-on-month (+2.40%).
What is the UOB One account interest rate structure?
UOB One requires salary credit via GIRO (min $1,600/month) and monthly credit card spend of $500+. The interest rate tiers by balance: first $30,000 at 3.85%, $30k–$75k at 4.85%, and $75k–$150k at 7.80% p.a. The maximum balance that earns bonus interest is $150,000.
How does DBS Multiplier work?
DBS Multiplier rewards you for conducting more financial transactions 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 transaction amount, the higher the bonus rate — up to 4.10% for 3+ categories and $30,000+ in transactions.
Should I split my savings across multiple accounts?
Yes, many Singaporeans keep their first $30,000 in UOB One (to qualify for 3.85% tier), and keep additional funds in OCBC 360 or FDs. The optimal strategy depends on your salary credit bank, credit card spend patterns, and whether you hold insurance/investment products with each bank.