
Last updated on 2025-04-30
High interest rates and deposit limit for a no-frills savings account
No minimum deposit or fees
Easy to open account
Higher interest rates only for NTUC members
Interest | |
---|---|
Base Interest | 0.75% p.a. |
Spend Bonus | 0.75% or 0.40% p.a. |
Balance Bonus | 0.50% p.a. |
Salary Bonus | 0.75% p.a. |
Total | 2.75% or 2.40% p.a. |
Earn 0.75% p.a. base interest (To be revised to 0.50% p.a. from 1 June 2025)
Earn 0.50% p.a. bonus interest when you maintain at least $100,000 in average daily balance for the month
Earn 0.75% p.a. bonus interest for first $800,000 deposit for NTUC Union members when you make at least 5 purchases (min. $30 each) on Trust Bank Link Card monthly (To be revised to 0.50% p.a. from 1 June 2025) OR
Earn 0.40% p.a. bonus interest for first $800,000 deposit when you make at least 5 purchases (min. $30 each) on Trust Bank Link Card monthly (To be revised to 0.30% p.a. from 1 June 2025)
Earn 0.75% p.a. bonus interest for first $800,000 deposit when you credit a minimum salary of $1,500 in a single transaction through GIRO within the same month (To be revised to 0.50% p.a. from 1 August 2025)
Highest effective interest rate of 2.75% / 2.40% p.a. on first $800,000 deposit for NTUC Union members / non-NTUC Union members (To be revised to up to 2.25% p.a. from 1 June and 2.00% p.a. from 1 August 2025)
Earn 0.05% p.a. interest for deposits above $800,000
Apply with a Trust Bank Link Card which can instantly switch between debit and credit to suit your spending needs
No fees
No minimum balance
No lock in period
Fund account using FAST or PayNow
Click here to go to Trust Bank website for more details