High Bonus Rate up to 2.50% 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

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 2.50% p.a. on your savings account. Enjoy one of the most flexible savings accounts in Singapore with no fall below fee, spending requirements or salary crediting!


  • 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 2.50% 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

An insured deposit under the Deposit Insurance Scheme.

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.) 2.30% 2.40% 2.50%

  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.


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


High bonus interest rate up to 2.50% p.a. with low initial deposit of S$200 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.



Fixed Savings Account
  • Account set-up in November with an initial deposit of S$500
  • Monthly GIRO transfer of S$5,000 commences in January the next year
  • The transfer takes place on the first of every month for 6 months
  • Interest on the initial deposit and monthly balance brought forward (B/F) is at 0.15% p.a.
  • Bonus interest on monthly giro-in balance is at 2.50% p.a.

Fixed Deposit
  • 6-month Fixed Deposit of S$30,500 is placed in January the next year
  • Interest is at 0.15% p.a.

Period Cumulative Amount
Bonus Interest
Base Interest
Jan 5,500.00 20.00 0.70
Feb 10,500.00 16.66 1.20
Mar 15,501.90 13.33 1.97
Apr 20,503.87 10.00 2.52
May 25,506.39 6.66 3.24
Jun 30,509.63 3.33 3.76
Cumulative Bonus & Base Rate 69.98 13.39
Jul 35,583.37 20.00 4.53
Aug 40,587.90 16.66 5.17
Sep 45,593.07 13.33 5.62
Oct 50,598.69 10.00 10.74
Nov 55,609.43 6.66 11.42
Dec 60,509.63 3.33 12.87
Cumulative Bonus & Base Rate 69.98 50.35
  1. Above illustration is indicative only and rates are subject to change at any time without prior notice. Currency is in Singapore Dollars.

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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