Savings accounts in Singapore: what S$50,000 earns at 11 banks in 2026

Your salary lands in an account that pays almost nothing, while every bank's poster promises a lot more. On 22 October 2026, a S$50,000 balance earned 0.60% to 1.85% a year at 11 savings accounts in Singapore, once you credited a salary and spent on the bank's card. Here's each one, and what its bonus asks of you: how big a salary, how much card spend, and how much of your balance it covers.

What does every savings account pay, as of 22 October 2026?

Standard Chartered pays the most on S$50,000, at 1.85% a year, and DBS comes next at 1.80%.

Each rate is what S$50,000 earns in a month you credit a salary and meet the card-spend rule. None of them needs you to buy insurance, an investment or a home loan.

Four accounts pay one rate whatever you do, so that's the rate you see. Promotions that end or limit who gets them aren't in the table, and the ones running now are further down.

As of 22 October 2026.
Bank and account	Base rate	Rate on S$50,000 with salary and card spend	What you must do for the bonus	Interest cap
Bank of China SmartSaver	0.10%	1.20%	Salary of S$3,000, S$750 card spend, S$1,500 average balance	Bonus on the first S$100,000
CIMB FastSaver	0.50% to 1.58%, by balance	0.79%	Nothing for this rate; its salary and card bonuses are 2026 promotions	Tiers up to S$75,000
DBS Multiplier	0.05%	1.80%	Income credit, plus spend on a DBS or POSB credit card or PayLah!	First S$50,000 (S$100,000 with 2 or more categories)
GXS Savings Account	0.88%	0.88%	Nothing	Deposit limit set in the app
MariBank Savings Account	0.88%	0.88%	Nothing	None stated
Maybank SaveUp	0.05% to 0.25%, by balance	1.17%	Salary of S$2,000, S$500 on a Maybank credit card, a linked debit card	Bonus on the first S$75,000
OCBC 360	0.05%	1.30%	Salary of S$1,800, S$500 on an OCBC credit card	First S$100,000
RHB High Yield Savings Plus	0.70% to 1.00%, by balance	0.70%	Nothing	None
Standard Chartered Bonus$aver	0.05%	1.85%	Salary of S$3,000, S$1,000 on a Bonus$aver card	First S$100,000
Trust (Flex plan)	0.05%	0.60%	Salary of S$1,500 by GIRO, five card spends of S$30	First S$1.2 million
UOB One	0.05%	1.00%	Salary of S$1,600, S$500 on a UOB card	Bonus on the first S$150,000

Rate on S$50,000 with a salary and card spend, 22 October 2026

Rate on S$50,000 with a salary and card spend, 22 October 2026
Bank	Rate on S$50,000
Bank of China	1.20%
CIMB	0.79%
DBS	1.80%
GXS	0.88%
MariBank	0.88%
Maybank	1.17%
OCBC	1.30%
RHB	0.70%
Standard Chartered	1.85%
Trust	0.60%
UOB	1.00%

Source: Each bank's website, 22 October 2026

How much does S$50,000 earn in a year?

On S$50,000, Standard Chartered's 1.85% earns S$625 more in a year than Trust's 0.60%.

Say your balance sits at S$50,000 all year and you meet the conditions every month.

Why is UOB only at 1.00%? Its rate climbs with your balance. Your first S$75,000 earns 1.00% and the next S$50,000 earns 2.50%. Only the S$25,000 after that gets the advertised 3.40%.

So UOB's top rate starts once you hold more than S$125,000. Across a full S$150,000, it works out to 1.90%, down from 2.50% before UOB cut it on 1 December 2025.

A tabby cat in close-up stares at the camera through half-closed, unimpressed eyes — Me, finding out the 3.40% starts at S$125,000. via GIPHY

CIMB's rate climbs with your balance too: 0.50% on the first S$25,000, then 1.08% and 1.58% on the next two slices of S$25,000. Its salary and card bonuses are 2026 promotions, so the 0.79% leaves them out.

Not sure how much cash to keep? Try our budget calculator.

At 1.85% (Standard Chartered): S$50,000 x 1.85% = S$925 a year.
At 1.80% (DBS): S$900.
At 1.30% (OCBC): S$650.
At 1.20% (Bank of China): S$600.
At 1.00% (UOB): S$500.
At 0.88% (GXS or MariBank, no conditions): S$440.
At 0.60% (Trust): S$300.

The catch: why might you earn less than the rate here?

Every bonus here comes with a monthly condition, and missing it drops your rate for that month.

Here's what to check before you move your salary:

Card spend: Standard Chartered wants S$1,000 a month on its Bonus$aver card, and less earns no spend bonus. Bank of China wants S$750, and OCBC and UOB want S$500. DBS counts any amount on its credit cards or PayLah!, but not on an ordinary debit card.
Salary size: Trust starts at S$1,500, UOB at S$1,600, OCBC at S$1,800 and Maybank at S$2,000. Standard Chartered and Bank of China want S$3,000.
How the salary arrives: UOB, Standard Chartered, Bank of China and Trust look for the SALA code on your employer's transfer. DBS looks for a salary or payroll code. Bank of China and Trust take it by GIRO only, so a FAST transfer doesn't count there.
Balance size: DBS pays its 1.80% only on your first S$50,000, or S$100,000 once you use a second category such as a home loan. Bank of China pays no bonus at all in a month your average balance dips under S$1,500.
Fees: DBS and Standard Chartered charge S$5 a month if your average balance falls under S$3,000. OCBC charges S$2 under S$3,000 after your first year, and UOB charges S$5 under S$1,000. DBS waives its fee if you're 29 or younger.

Why does the poster say 4% or more?

Because the top rates need you to buy something from the bank. OCBC's up to 4.70% adds a bonus for an insurance plan and another for an investment.

Standard Chartered's up to 5.85% needs a S$24,000 yearly premium and a S$30,000 investment, and each of those bonuses lasts six months. DBS reaches 4.10% only with three categories and S$30,000 of transactions in a month.

Bank of China's up to 4.60% needs a wealth product, such as a plan with a S$24,000 yearly premium over five years. That bonus lasts six months.

What about the promotions running now?

Five were running on 22 October. They're not in the table because each one ends or limits who gets it.

OCBC pays a bigger save bonus until 31 December for growing your balance by S$500 a month. With it, S$50,000 earns 1.80% instead of 1.30%.
GXS pays 1.20% in a Saving Pocket for a limited time, and its page gives no end date.
CIMB adds 0.50% for a salary or a standing GIRO transfer of S$1,000, and 1.00% for S$800 a month on its Visa Signature card, on your first S$25,000. Both are 2026 promotions, and with them S$50,000 earns 1.54%.
CIMB also pays an extra 1.20% on at least S$10,000 of new money from outside the bank, added during October on top of your 30 September balance.
DBS adds 1.80% on new money from October to December, for the first 10,000 customers who register by 6 November.

Real talk: what if you can't credit a salary?

You still have a few ways in, because some banks count other money or other habits.

Whichever you pick, keep your emergency fund in an account you can reach any day. Our guides to DBS Multiplier and Standard Chartered Bonus$aver go deeper on those two.

DBS counts dividends, CPF payouts and SRS withdrawals as income. If you're 18 to 29, any spend on PayLah!, a DBS credit card or its TravelLah! debit card earns 1.5% on your first S$50,000, with no income at all.
UOB takes three GIRO bill payments a month in place of a salary. With S$500 of card spend, your first S$75,000 still earns 1.00%.
Maybank counts S$300 of GIRO bill payments as its salary product.
GXS and MariBank pay 0.88% with nothing to do. On S$50,000, CIMB pays 0.79% and RHB pays 0.70%, from rates that change with your balance.

What isn't in this table, and why

Here's what we left off, and why.

HSBC Everyday Global Account: its bonus pays only on new money from outside the bank, in a promotion that runs to 31 January 2027, so there's no salary rate to compare.
Citibank Wealth First Account: it's for customers with at least S$250,000 in investible assets.
Bonuses for insurance, investments or a home loan: they hang on a product you'd buy, which is a separate decision with its own costs.
Priority and wealth-tier rates: they need a big balance with the bank first.
Money market funds and cash management accounts from investment platforms: they hold funds, not deposits, so SDIC doesn't cover them.
Fixed deposits, T-bills and Savings Bonds: see our fixed deposit rates, where to park spare cash and our T-bill guide, or compare them in SSB vs T-bill vs fixed deposit.

How we checked these numbers

All rates are as of 22 October 2026, and the links are in Sources below.

The rate on S$50,000 is the base rate plus every bonus you'd get in a month with a salary at the bank's minimum and its card-spend rule met. We left out bonuses for insurance, investments, loans and growing your balance. We also left out every promotion with an end date or a cap on who gets it.

Trust's rate is the one for customers who aren't NTUC union members.

The yearly sums assume a balance that stays at S$50,000, rounded to the dollar.

We'll check every rate again by 31 January 2027.

The MoneyBees take: what we'd check first

We'd count the boxes you already tick before we compare rates. A salary credit and card spend you'd make anyway cost nothing. On S$50,000, that's S$300 to S$925 a year, depending on whose rules you meet.

Buying an insurance plan or an investment to lift the rate is a separate decision, with its own costs. What settles it is how much you keep in cash, and which bank's card you'd use every month anyway.

Frequently asked questions

Which savings account pays the most in Singapore right now?

Standard Chartered Bonus$aver, at 1.85% a year on S$50,000 on 22 October 2026. That needs a salary of S$3,000 and S$1,000 a month on its card. DBS Multiplier came next at 1.80%, with any amount spent on its credit cards or PayLah!.

Why is my interest lower than the advertised rate?

At OCBC, Standard Chartered, Bank of China and DBS, the advertised rate needs you to buy something from the bank, such as insurance, an investment or a home loan. You also have to meet every monthly condition. Most bonuses also cover only part of your balance, such as the first S$75,000 or S$100,000. What you earn is the blended rate across your whole balance.

Do I need to credit my salary to earn bonus interest?

At seven of the 11 accounts, the bonus asks for a salary or something in its place. UOB accepts three GIRO bill payments instead, and DBS counts dividends, CPF payouts and SRS withdrawals as income. CIMB, GXS, MariBank and RHB pay their board rate with no salary at all.

Is my money safe in a Singapore savings account?

Singapore dollar deposits at a bank are insured by SDIC for up to S$100,000 per depositor per bank. Your savings, current and fixed deposit accounts at the same bank count together. Foreign-currency deposits, structured deposits and investment products aren't covered.

What is a fall-below fee?

It's a monthly charge when your average balance drops under the bank's minimum. On 22 October 2026, DBS and Standard Chartered charged S$5 under S$3,000, OCBC charged S$2 under S$3,000 after the first year, and UOB charged S$5 under S$1,000.

What can I do with cash above the bonus cap?

Money above the cap earns the base rate, which is 0.05% at DBS, OCBC, Standard Chartered, Trust and UOB. If you won't need it for a while, a 1-year T-bill paid 1.92% and the top 12-month fixed deposit paid 2.10% on 22 October 2026.

Sources

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This is general financial information for Singapore, not personal financial advice. Figures change, so verify current rates against the official sources above before acting. See our full disclaimer.

Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).