Free Savings Account No Deposit – Earn up to 4.65% or more per annum on your first S$100,000 (including salary) by saving and spending.
Earn bonus (annual percentage) on the first S$100,000 in your account. View our total Effective Rate (EPR) across all categories.
Free Savings Account No Deposit
Whether or not you fit into one of the above categories, you will earn a base interest rate of 0.05% APR on your entire account balance. 1 Example Maximum APR for your first S$100,000: Salary + Savings: You will receive a maximum APR of 4.05% p.a. Salary + Savings + Spending: You can earn up to 4.65% EKS per year. Salary + savings + consumption + insurance/investment: You can earn up to 6.15% EKS per year. Salary + Savings + Consumption + Insurance + Investment: You can earn up to 7.65% EKS per year.
Basics Of The Savings Bank Account
This calculator is provided for your convenience only and you choose to use it and rely on the results at your own risk. In no event shall the Bank be responsible or liable for any loss that may arise as a result of your decision to use the calculator.
2. Track your monthly salary total. Get a salary bonus of at least S$1,800 through GIRO.
3. Track the change in the average daily balance compared to the previous month. Savings Bonus Increase your average daily account balance by at least S$500 compared to the previous month.
4. Track the average daily balance for the month to calculate the total bonus percentage. Growth Bonus Maintain an account balance of at least S$200,000.
Performance Savings Account / Capital One
New to banking? That’s why being together is always better. Earn rewards by signing up for 365, 90°N or Titanium Rewards credit cards and 360 accounts! Terms and conditions apply.
Here’s how to get the S$150 cash reward: Open a 360 account Link your monthly salary of at least S$1,800 through GIRO Apply for a 365, 90°N Mastercard, 90°N Visa or Titanium Rewards credit card Use your 365 for 5 eligible Transaction, 90°N or Titanium Rewards credit card or SGD 118 cash reward within 2 months of account opening Method is as follows: Open a 360 account Credit a salary of at least US$1,800 per month through GIRO, the promotion does not apply to any (i) of people who open currently have any accounts or products, and (ii) have not had any accounts or products in the past 6 months. Before 31 December 2022, to be eligible, you must deposit at least S$1,800 monthly wages into your 360 account, within 2 months using your 365, 90°N or Titanium Rewards credit card At least 5 qualifying retail transactions.
Use your Financial OneView* to centralize all your financial information from 7 participating banks and selected government agencies. Get personalized insights into your finances.
Under the Act, the Singapore Deposit Insurance Corporation insures deposits of non-bank depositors in Singapore dollars, and cash and deposits in Singapore dollars, up to a total insured amount of up to S$75,000 per depositor per scheme member. Under the CPF Investment Scheme and the CPF Retirement Scheme, SGD-denominated funds and deposits are pooled and insured separately for S$75,000 per depositor per scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
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This plan is covered by the Policy Owners Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC). Your policy coverage is automatic and you don’t need to take any extra steps. For more information on the types of benefits covered by the scheme and the applicable limits of coverage, please contact us or visit the Life Insurance Association (LIA) or SDIC website (www.lia.org.sg or www..sdic.org.sg).
Account 360 is a deposit account that pays bonus interest when you do all or some of the following:
This interest is calculated daily on your account balance at the end of the day and you will receive it at the end of the month.
For the following six bonus types, you will earn 3 levels of bonus interest based on your account balance, up to the first S$100,000:
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1 The maximum earnable interest is calculated based on the actual interest rate of each dividend interest category and the upper limit of the dividend interest balance calculated on a 365-day calendar year.
Your bonus percentage will be reflected in your eStatement, Internet Banking and Mobile Banking transaction records as follows:
If you close your account before the bonus credit date, the previous month’s bonus interest will be forfeited.
Each user can only open one 360 account for which he/she is the primary account holder. The power of attorney for signing can be signed alone or jointly signed instead.
Money Basics: Managing A Savings Account
Even though I did a fund transfer to increase my average balance by S$500 per month, I didn’t get additional interest savings. why?
The valuation date of your FAST/PayNow transfer to your 360 account may be different from the transaction date. Funds received after a holiday (eg Sunday or public holiday) or bank business day after the cut-off date will be assessed on the next business day. The calculation of the monthly average daily balance depends on the currency date of the remittance.
Increase your average daily account balance for the month by at least S$500 compared to your average daily balance for the previous month.
Top up a minimum of S$500 with your 365, NXT, 90°N or Titanium Rewards credit cards.
What Are Your Rights If Your Bank Account Is Frozen?
Purchase any eligible insurance product for at least the following minimum amounts:
Note: The minimum deposit amount to qualify for premiums may differ from the minimum premium required for insurance products. For more information, please contact our personal financial advisors. They can help you with a Financial Needs Analysis (FNA) to ensure that the products you purchase meet your financial needs.
For regular premium insurance classes, the minimum qualifying amount applies to the annual policy premium. Applicable amount after prepayment discount (if any).
You must be the primary account holder of the 360 account and the policy holder of the eligible insurance products.
Banks That Offer Free Checking Accounts
Purchases of the same financial product will be aggregated if they fall within the same calendar month on the effective date or 14 days after the free trial period, whichever is longer.
This bonus interest is awarded 12 months after the effective date of the purchase, after the free review/cancellation period, or 14 days, whichever is longer.
Purchase any eligible investment product for at least the following minimum amounts:
Notes. Please contact our personal financial advisors for more details. They can help you with a Financial Needs Analysis (FNA) to ensure that the products you purchase meet your financial needs.
Apply For A Savings Account By Trust
You must be the primary 360 account holder and the sole holder of the Qualified Investment Product account.
This table shows how you will get cashback on your first 5 debit card transactions, up to a maximum of S$10 per transaction.
If you have a checking or savings account with us, you can enroll in online banking instantly with just a few clicks.
The insurance plan is offered by Great Eastern Life Insurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a subsidiary of Pan American Life Bermuda Limited. The insurance plan is not a bank deposit, and the Bank does not guarantee or assume any responsibility for it.
Singapore Savings Bond 2022
You may wish to seek the advice of a financial advisor before deciding to purchase a product. If you decide not to seek the advice of a financial advisor, you should consider whether this product is suitable for you.
Purchasing life insurance is a long-term commitment. Terminating a policy early is often costly, and the surrender value paid may be less than the total premiums paid.
This document is for general information only. It is not a contract of insurance or an offer to buy insurance products or services. It is also not intended to provide insurance or financial advice. The specific terms and conditions of the plan are set out in the policy document. If you are interested in an insurance policy, you should read the Product Summary and Statement of Benefits (which we provide) before deciding whether to purchase the product.
We do not warrant, represent or warrant that any information presented in this document is accurate and should not be relied upon as such. We make no commitment to update the information or correct any inaccuracies. All information is subject to change without notice. We will not be liable for any loss or damage arising directly or indirectly from actions you take in connection with the information provided in this section.
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