There is no easier way to earn high interest rate on your savings account than with Fixed Savings Account. Enjoy the convenience of saving with monthly GIRO transfers to your savings account. On top of earning a base interest rate of 0.35% p.a., you will receive additional high bonus interest rate of up to 3.50% p.a. on your savings account. Enjoy one of the best savings accounts in Singapore with no fall below fee, spending requirements or salary crediting!


High Bonus Rate up to 3.50% p.a.

Receive bonus on interest earned upon deposit maturity

Attractive Base Rate up to 0.35% p.a.

Earn more with daily interest on deposit

Simple Conditions

Monthly Giro transfer into account


  • Initial deposit of S$100
  • Saving through monthly GIRO transfer of between S$200 and S$8,000
  • Up to 0.35% p.a. base interest for account balance of between S$300,000 and S$2,000,000.
  • Up to 3.50% p.a. bonus interest on saving through monthly GIRO transfers
  • Bonus interest is credited on the corresponding GIRO transfer date in January and July
  • One account per customer


  • 21 years old and above
  • Singaporeans, Singapore PRs and foreigners (with valid work permit)

An insured deposit under the Deposit Insurance Scheme. Insured up to S$100K by SDIC.

Terms and Conditions governing deposit accounts.

Interest Rates

Account Balance1 S$500 to < 50,000 S$50,000 to < 300,000 S$300,000 to ≤ 2,000,000
Base Interest (p.a.) 0.15% 0.30% 0.35%
Giro Transfer Amount For the Month S$200 to < 1,000 S$1,000 to < 5,000 S$5,000 to ≤ 8,000
Bonus Interest (p.a.) 3.00% 3.20% 3.50%

  1. Account balance refers to initial deposit + balance brought forward + Giro transfer amount for the month.
  2. Base interest is calculated based on account balance x base interest rate / 365 days x the number of days in the month.
  3. Bonus interest is calculated based on each monthly GIRO amount transfer received x Bonus interest rate / 12 months x the number of months to run before bonus interest payment.
  4. Rates are indicative and subject to change at any time without prior notice.



High bonus interest rate up to 3.50% p.a. with low initial deposit of S$100 and monthly GIRO transfer amount helps you to kick-start your saving journey at your own pace.


No fall below fee, card spending nor purchase of insurance required to enjoy bonus interest.


Monthly GIRO transfer allows you to enjoy more saving at the comfort of your home.


An insured deposit under the Deposit Insurance Scheme.

How Fixed Savings Account Works


Visit the branch to open a Fixed Savings Account with a minimum initial deposit of S$100 and sign-up for monthly GIRO transfer of at least S$200 at the same time.


Receive base interest on account balance at month-end.


Receive bonus interest in Jan in the next year for monthly Giro transfers made for the past 6 months (i.e. July - Dec). Bonus interest cycle repeats in Jul for transfers made for the previous 6 months (i.e. Jan - Jun).

Note: Bonus interest is payable provided the Giro transfers are not withdrawn.

How to Sign Up

Simply visit the nearest branch to open your Fixed Savings Account to enjoy high interest earnings today! Locate our branch here.

Documents Required:

  • Bank account details for GIRO transfer
  • NRIC (Singaporeans and Singapore PRs)
  • Passport and Work Permit (Foreigners*)
    • * Either one of the documents below for proof of local address:
      • Utility Bill or
      • Telephone Bill or
      • Bank / Credit Card Statements or
      • Rental Agreement

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