My criteria for best savings account is primary based on two factors: interest rate, and how easy it is to meet the requirements. In a cash rich situation, putting money into your savings account gives you an added advantage as compared to being locked up in a fixed deposit. Your cash gets the monthly interest and you can still move the money out anytime when opportunity strikes. These three choices of mine, can be used together if you wish to be temporarily out from the equity/bond market. 3) DBS Multiplier account is my third choice. It is mainly catered for affluent indivduals. The requirement to meet the first tiered interest is quite high. If your monthly salary is from $7500 to $20,000, you will get 1.08% - 2.08% interest for your $50,000 capped deposit. This is the highest salary interest I know. The thresholds can be met using ......