Basic Savings Account

A basic savings account that comes with a passbook

Initial deposit

S$
1


Minimum average daily balance

S$
500

         for the month

S$2 fall below fee applies



Eligibility

Singaporeans and Singapore PRs age 16 and above.

How to apply

Amount in account:

First S$350,000

S$350,001 to S$1,000,000

Above S$1,000,000

Basic Savings

0.05% a year

0.08% a year

0.10% a year

Apply at any of our branches

Please bring along:
1
NRIC

for Singaporeans and
Singapore PRs

2
S$1

for initial deposit

3
Additional documents

Include any one of the following documents:

  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement
Find nearest branch to apply
Locate

Important notices
Deposit Insurance Scheme 

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.