Bank accounts can give as much as 5% p.a. these days, but they mostly require certain conditions like spending on credit cards or making a minimum salary deposit. Some people may find these tasks challenging to meet, and as such I have listed out some bank accounts that do not require such conditions.
Almost no conditions required
Of course, there are still some conditions here and there to fulfil, but they are relatively fuss-free and shouldn’t take up much time or effort.
| Bank Name |
Interest Rate (p.a.) |
Minimum |
Maximum |
Comments |
| GXS Bank |
3.48% |
None |
S$5,000 |
Must place funds into Pockets inside the app |
| SIF GoSavers Account |
2.5% – 3.5% |
None |
Not specified |
2.5% – first S$100,000
3.0% – next S$150,000
3.5% – above S$250,000 |
| Trust Bank |
1.5% – 2.5% |
None |
S$75,000 |
Use code JP8171J5 for S$35 NTUC FairPrice Vouchers |
| StanChart e$aver |
3.8% |
None |
S$2 million |
Rate for fresh funds |
| Maybank iSavvy |
3.6% |
S$10,000 |
Not specified |
Rate for fresh funds |
| HSBC Everyday Global |
4.55% |
None |
S$2 million |
Rate for fresh funds. 4.7% for Premier customers |
| StanChart Wealth$aver |
5% |
S$200,000 |
S$500,000 |
For new to StanChart |
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