Amount in account:
First S$350,000
S$350,001 to S$1,000,000
Above S$1,000,000
0.05% a year
0.08% a year
0.10% a year
for Singaporeans and
Singapore PRs
Foreigners need to bring:
Passport
Employment Pass (EP) or S-Pass or Student Pass
for initial deposit
Include any one of the following documents:
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$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.