ocbc singapore foreign currency fixed deposit rates

Who Should Apply For a Trust Bank Savings Account interest (for a total of 2% p.a.) by making at least five eligible card transactions each month. You can, however, earn an additional 0.5% p.a. If you do not have an NTUC membership, you will only earn the base rate of 1.5% p.a. by default, and another 1% if you hold an NTUC Union membership – both of these don’t require any active action on your part. Viewed in this context, you may find it easier to max out your savings account interest with Trust Bank. in the DBS Multiplier Account requires at least S$30,000 worth of eligible banking transactions (salary crediting, investments, home loan, investments, etc) per month. Just to illustrate, reaching the cap of 4.1% p.a. If your circumstances or preferences simply do not match with them, you won’t be able to enjoy the high interest rates. While these higher ceilings appear attractive, reaching them requires several conditions to be fulfilled. Meanwhile, OCBC, DBS and SCB all offer maximum savings account interest of over 4% p.a. You will notice that out of all these four banks Trust Bank offers the lowest maximum savings interest account, capping out at 2.5% p.a. Read Also: Average Effective Interest Rate for Savings Accounts The table above shows a quick comparison between Trust Bank and three other established players – OCBC, DBS and SCB. (Link Card and Trust Link card savings applicable to FairPrice Group businesses only, and come in the form of Linkpoints.) Key Features of Trust Bank 1. Meanwhile, non-NTUC Union members get up to 15% savings with Trust Link Credit Card, and 5% savings with Trust Link Debit Card (with minimum monthly spend of S$450). NTUC Union members get up to 21% savings with NTUC Link Credit Card, and 11% savings with NTUC Link Debit Card (with minimum monthly spend of S$350).

As an added plus, it charges no card fees, account fees, or foreign transaction fees. Deposits are secured by SDIC for up to S$75,000, and account-holders can earn up to 2.5% p.a. Trust Bank, in a nutshell, offers a savings account, payment services and insurance. Here’s a closer look at what Trust Bank has to offer. Its main selling point is centred on helping consumers save, either via partner discounts, zero-fee card services, or high-interest savings accounts. A collaboration between Standard Chartered Bank and NTUC FairPrice, Trust Bank is a newly launched bank that offers a savings account, debit card, credit card and personal accident insurance.

Ocbc singapore foreign currency fixed deposit rates