There is no easier way to earn high interest rate on your savings account than with Fixed Savings Account. Enjoy the convenience of saving with monthly transfers via FAST collections*. On top of earning a base interest rate of 0.25% p.a., you will receive additional high bonus interest rate of up to 1.88% p.a. on your savings account. Enjoy one of the best savings accounts in Singapore with no fall below fee, spending requirements or salary crediting!

* Monthly transfer via FAST collections refer to the fixed amount to be deducted from your other bank account per the GIRO arrangement.

Documents Required (For onboarding)

For Singaporeans and Singapore PRs
- Identity Card
For Foreigners
- Identity Card and Passport (For Malaysian) / Passport (For other Nationalities)
- Valid Work Permit / S Pass / Employment Pass / Student Pass
- Proof of local mailing address (within the last 3 months)
  - Local utility bill or
  - Local telecommunication bill or
  - Local bank statement

Interest Rates

Account Balance¹	S$500 to < S$50,000	S$50,000 to < S$300,000	S$300,000 to ≤ S$3,000,000
Base Interest (p.a.)	0.15%	0.20%	0.25%

+

FAST Transfer Amount For the Month	S$200 to < S$1,000	S$1,000 to < S$5,000	S$5,000 to ≤ S$3,000,000
Base Interest (p.a.)	1.38%	1.68%	1.88%

Notes:

Account balance refers to initial deposit + balance brought forward + FAST transfer amount for the month.
Base interest is calculated based on account balance x base interest rate / 365 days x the number of days in the month.
Bonus interest is calculated based on each monthly FAST amount transfer received x Bonus interest rate / 12 months x the number of months to run before bonus interest payment.
Rates are indicative and subject to change at any time without prior notice.

How It Works

Visit the branch to open a Fixed Savings Account with a minimum initial deposit of S$100 and sign-up for monthly transfer via FAST of at least S$200 at the same time.

Receive base interest on account balance at month-end.

Receive bonus interest in Jan in the next year for monthly transfers via FAST made for the past 6 months (i.e. July - Dec). Bonus interest cycle repeats in Jul for transfers made for the previous 6 months (i.e. Jan - Jun).

Seamless Sign-Up

Simply visit the nearest branch to open your Fixed Savings Account to enjoy high interest earnings today!

Documents Required

Bank account details for FAST transfer
NRIC (Singaporeans and Singapore PRs)
Passport and Work Permit (Foreigners*)
- * Either one of the documents below for proof of local address
  - Utility Bill or
  - Telephone Bill or
  - Bank / Credit Card Statements or
  - Rental Agreement

Frequently Asked Questions

The Fixed Savings Account offers a base savings interest rate of 0.25% p.a., which is received on the account balance at month-end. Additionally, it provides an additional high bonus interest rate of up to 1.88% p.a. Bonus interest is received in January of the following year for monthly transfers via FAST made over the past 6 months (i.e., from July to December). The bonus interest cycle repeats in July for transfers made over the previous 6 months (i.e., from January to June). Furthermore, you can enjoy the convenience of saving with monthly FAST transfers to your savings account and a low initial deposit of S$100.

The Fixed Savings Account requires a minimum initial deposit of S$100 and monthly FAST transfers of at least S$200.

Base Interest (p.a.):

0.15% p.a. for Account Balance S$500 to < S$50,000

0.20% p.a. for Account Balance S$50,000 to < S$300,000

0.25% p.a. for Account Balance S$300,000 to ≤ S$2,000,000

Base interest is calculated based on account balance x base interest rate / 365 days x the number of days in the month.

1.38% p.a. for Transfer Amount For the Month S$200 to < S$1,000

1.68% p.a. for Transfer Amount For the Month S$1,000 to < S$5,000

1.88% p.a. for Transfer Amount For the Month S$5,000 to ≤ S$8,000

Bonus interest is calculated based on each monthly FAST amount transfer received x Bonus interest rate / 12 months x the number of months to run before bonus interest payment.

Individuals aged 21 years or above, including Singaporeans, Singapore Permanent Residents (PRs), and foreigners with valid work permits, are eligible to open a Fixed Savings Account.

Visit the nearest Hong Leong Finance branch with your NRIC, Work Permit, Employment Pass or Student Pass. Click here to find Branch nearest to you.

Documents Required: