State Bank of India
Savings Special Account
- Interest Rates
0.50% p.a. for deposits less than S$1,000.
0.55% p.a. for deposits of more than or equal to S$1,000. - Minimum initial deposit
S$100. - Minimum monthly balance for no penalty
S$300, otherwise S$1 penal charge applies. - Withdrawal at all local ATM5 network
iSAVvy Savings Account
- Interest Rates
0.25% p.a. for deposits less than S$5,000.
0.50% p.a. for deposits of more than or equal to S$5,000 but less than S$50,000.
Interest-on-interest of 6.00% every 6 months for average monthly balances of at least S$5,000. - Minimum initial deposit
S$10. - Minimum monthly balance for no penalty
S$500, otherwise S$2 penal charge applies. - Withdrawal at all local ATM5 network
e$aver Savings Account
- Interest Rates
0.40% p.a. for deposits less than S$50,000.
0.50% p.a. for deposits of more than or equal to S$50,000 but less than S$200,000.
0.68% p.a. for deposits more than or equal to S$200,000. - No minimum initial deposit
- No minimum balance
Note: If account is in S$0 balance for 5 consecutive months, it will be closed automatically. - No ATM card
Note that CIMB only has a full banking licence here, but not a qualifying full bank licence (QFB).
StarSaver Account
- Interest Rates
Minimum deposit of S$5,000 to earn interest.
Month-end incremental deposit of less than S$500 guarantees 0.5% p.a of interest.
Month-end incremental deposit of more than S$500 guarantees 1.2% p.a of interest. - Minimum initial deposit
S$5,000. - No minimum balance
- Withdrawal ONLY at own CIMB ATMs
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