I never thought there will be a day the banks will adjust their interest rates upwards again(DBS, UOB, OCBC). In 2018 period, the local banks came out with a great marketing program to give higher interest. It was heavily discussed. However, it was short lived as the banks slowly reduced the amount of interest. Learning from the past lessons, I view that this interest increase as temporary in nature and you shouldn’t base your long term planning (insurance or investment) to increase your interest in your bank account. In this article, I will take on several assumptions to decide which bank account is the best for you in 2022. Best High Interest Saving Account Singapore 2022 Assumptions Taken

• Only DBS, UOB and OCBC will be taken into consideration
• The Median Gross Monthly Income in Singapore is $4,680 (based on the year 2021)
• The Average Monthly cost of living in Singapore is $1,360 (without rent, 2021)
• Total eligible transaction $6,040 (For DBS Multiplier discussion)
• Total amount in the bank: $100,000

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