Are You Getting the Most from Your Singapore Dollar Savings?

Singapore Dollar (SGD) deposits can be held in a variety of products, including current accounts, savings accounts and fixed deposits. Depending on the provider, interest rates, deposit requirements and available tenures may differ.

Understanding these differences can help customers compare available options and choose an arrangement that best suits their savings goals and liquidity needs.

At iFAST Global Bank, customers can earn interest on SGD through both our Multi-Currency Current Account and SGD Fixed Term Deposits.

SGD Fixed Deposit Comparison

Tenure	iFAST Global Bank	DBS SG	OCBC	UOB
1 Month	1.60% AER	0.05% AER	—	—
3 Months	1.70% AER	0.15% AER	—	—
6 Months	1.75% AER	0.80% AER	—	1.10% AER
12 Months	2.00% AER	1.00% AER	1.10% AER	1.15% AER
24 Months	2.00% AER	—	—	—
Minimum Deposit / Balance Requirement	From S$1, with no maximum balance cap	Interest applies only on balances up to S$19,999. Balances of S$20,000 and above earn 0.05% AER on the entire balance.	Minimum placement amount: S$20,000	Minimum placement amount: S$10,000

Source: Publicly available bank rates as of 8 June 2026. Rates are subject to change.

With the iFAST Multi-Currency Current Account, your SGD can earn:

1.50% AER (variable) on SGD Current Account

No need to manage multiple products or meet complex monthly requirements to earn interest on your SGD holdings.

Why Consider iFAST Global Bank for SGD Savings?

Competitive Fixed Deposit Rates

Earn up to 2.00% AER on SGD Fixed Term Deposits, exceeding the publicly available rates currently offered by Singapore's three local banks across comparable tenures.

Interest-Bearing Multi-Currency Current Account

Earn 1.50% AER (variable) on SGD while managing up to 9 currencies in total within a single account.

One Account for Global Banking

Hold, save, exchange and transfer multiple currencies through a single banking relationship.

Why Consider iFAST Global Bank for Your SGD Savings?

If you are looking to grow your SGD savings, it may be worth comparing beyond the traditional local banks. With SGD Fixed Term Deposit rates of up to 2.00% AER and an SGD current account rate of 1.50% AER (variable), iFAST Global Bank offers a compelling alternative for customers seeking both competitive returns and multi-currency flexibility.

Rates are subject to change. Fixed Term Deposits are subject to a fixed term. Early withdrawal restrictions may apply. Terms and conditions apply.