Beside UOB Stash Account, where is the next best place to deposit 100K in 2025? If you have followed my previous post on UOB Stash Account, I am expecting to receive a total interest amount of S$3,004.91 with my 100K placed in UOB Stash Account from January to December 2025. Now that I maxed out my UOB Stash Account, which is the next best place to deposit another 100K?
In recent months, Singapore bank fixed deposit interest rates have been falling. This is because Singapore Overnight Rate Average (SORA) fell to 2.08 per cent on 13th March 2025, the lowest since December 2022. What is SORA? SORA is the volume-weighted average rate of unsecured overnight interbank SGD transactions in Singapore. In Singapore, bank interest rates, particularly for loans and savings products such as fixed deposits, are being determined by SORA.
The effective interest rate for the latest issue of Singapore Savings Bond (SBAPR25 GX25040F) is 2.85% if you held it for 10 years. The cut off yield of the latest issue of Singapore Treasury Bill (BS25104H 6-Month T-bill) is 2.75% per annum. The best fixed deposit in March 2025 only gives you 2.90% per annum for a 6-months tenure. I will think twice before putting my money into Singapore Savings Bond, Singapore Treasury Bills or Fixed Deposits right now.
The next best place I found to deposit another 100K is Bank of China, BOC SuperSaver. With BOC SuperSaver, you can earn up to 3.60% per annum on your account balance. Before that, you must first meet the eligibility criteria. In my opinion, the eligibility criteria are simple to fulfil.
First, you must either be a Singapore citizen, Permanent Resident or Foreigner with valid pass (Employment Pass/ S Pass/ Student Pass/ Long Term Visit Pass/Dependent Pass). Second, you must be aged 21years and above to apply for a Singapore Dollar Current Account online. Third, you must link the account with PayNow.
BOC SuperSaver Interest Rates
| Account Balance | Interest Rate (p.a.) |
| First S$20,000 | 1.50% |
| Next S$40,000 | 2.20% |
| Next S$40,000 | 3.60% |
| Above S$100,000 | 1.20% |
Bank of China explained clearly what they meant by Account Balance. If you refer to their website, account balance refers to the Average Account Balance. This is calculated on a monthly basis as the summation of each day-end Account Balance for a month divided by the number of calendar days in that month.
For Example:
Based on a BOC SuperSaver with an account balance of S$100,000 in January, the bonus interest earned for the month is calculated as follows:
[(S$20,000*1.50%)*(31/365)]+[(S$40,000*2.20%) *(31/365)]+[(S$40,000*3.60%)*(31/365)]= S$222.52
Based on the above computation, you would receive an estimated total interest of S$2,620 if you placed 100K placed in BOC SuperSaver from January to December 2025. This is roughly 2.62% return based on 100K.
This is not a sponsored post and solely based on my own research and opinion. With falling interest rates, I believe everyone like me is looking for the best place to park your money. If you like this post, do check out BOC SuperSaver (Effective 1 August 2024) | Bank of China @ Singapore