Local Currency Accounts | Savings Accounts

Q: What is the minimum initial deposit required to open a savings account in Singapore?

You need a minimum of S$15,000 to open a savings account in Singapore.

Q: What are the things to consider before opening a savings account in Singapore?

Before you open a savings account, you must foremostly shortlist your bank wisely. Following that you need to consider the essential documents required for opening the savings account, the initial account opening fee, the rate of interest on the account balance, and the minimum balance requirements as proposed by the service-providing bank. Additionally, you should also consider if your shortlisted bank is offering you internet banking, debit/credit cards, and similar other facilities required for carrying out streamlined and secured transactions.

Q: Is it worth it to open a savings account in Singapore?

Singapore is one of the emerging financial hubs in Asia with numerous banks and financial institutions operating in the country. Besides, Singapore is a socially, politically, and economically stable county with promising investment opportunities and hence it can presumably be profitable to park funds in Singapore.

Open Savings Account online

Your money, your way.

Why choose Savings Account in Singapore?

Citibank’s Savings Accounts are suitable for your daily banking needs. Grow your savings simply by making a deposit in your Savings Account and earn up to 7.51%p.a. interest. Choose from a variety of our offerings to enjoy higher interest rates on your savings.

Citibank Savings accounts for all your banking needs

Citi Wealth First Account

Enjoy up to 7.51% p.a. interest on savings. The savings account that helps you grow your wealth by rewarding you for your banking and wealth relationship. T&Cs apply.