5 Best Joint Bank Accounts in Singapore

Are you and your partner looking for the best joint bank account in Singapore? Managing finances together can be a breeze when you choose the right account that suits both your needs. In this article, we’ll walk you through the top joint bank accounts available in Singapore and help you make an informed decision. So, let’s dive in and explore the options!

1. Standard Chartered Bonus$aver Account

When it comes to shared bank accounts, Standard Chartered Bank has a great option called the Bonus$aver Account. It’s a joint account that offers some cool perks. You can take your pick between a debit card, a credit card, or even both – the choice is yours! And guess what? With the Bonus$aver Account, you get an impressive 7.88% EIR (that’s the highest interest rate Standard Chartered offers).

But here’s the catch – you need to fulfill these five pillars to make the most out of it: bill payments, insuring, investing, salary credit, and spending. It’s perfect for folks who are not from Singapore or have an international account, and you’ll need a minimum salary credit of S$3,000. Oh, and the best part? You don’t need to make a minimum deposit to open the account. 

  • Account type: Joint
  • Eligibility: 21 years old and above
  • Minimum deposit: None
  • Fees: $5 if the monthly balance is less than S$3,000

2. UOB One Account

If you’re looking for a joint bank account in Singapore that’s hassle-free and doesn’t require a lot of spending, the UOB One Account is a great option. It’s popular among savers who want to save together with their partners or family members. And here’s the sweet deal: you can earn a cool interest rate of 7.8% per annum on balances up to S$100,000.

The best part is that you don’t have to jump through hoops to qualify. The requirements are pretty straightforward: just spend S$500 every month using your linked UOB card and have a minimum salary credit of S$1,600. That’s it! No complicated criteria or numerous conditions to meet. UOB also offers other joint savings accounts, like the UOB Lady’s Savings Account, if that’s something you’re interested in exploring.

  • Account type: Joint-alternate
  • Eligibility: 18 years old and above
  • Minimum deposit: S$1,000
  • Fees: S$5 if the monthly balance is less than S$1,000

3. Maybank Save Up Programme

If you’re in the market for a bank account that’s perfect for people who love to save and invest, then the Maybank Save Up Programme might just be the answer you’ve been searching for. This program gives you the amazing ability to save, spend, and invest, all while earning a super attractive interest rate of up to 3% per year on the first S$50,000 you deposit. 

But, of course, there are a few things you need to do to make sure you get the most out of those bonus interest rates. The good news is that Maybank has made it easier for you by setting lower spending and minimum balance requirements. It’s truly an excellent choice for those who want to keep a close eye on their budget.

  • Account type: Joint
  • Eligibility: 18 years old and above
  • Minimum deposit: S$500
  • Fees: S$2 if the monthly balance is less than S$1,000

4. DBS eMySavings Account

If you’re into online banking and want a hassle-free joint account, you should definitely check out the DBS eMySavings Account. It’s a great option for couples or friends who want to manage their finances together using digital tools.

With the DBS eMySavings Account, you have the opportunity to earn an impressive interest rate of up to 4.1% EIR per year on a balance of up to S$100,000. And guess what? You only need to carry out a total of S$30,000 in eligible transactions to qualify for this attractive interest rate.

Having a joint bank account like the DBS eMySavings Account can be a game-changer because it helps you meet the requirements to earn the highest interest rates effortlessly.

  • Account type: Joint-Alternate
  • Eligibility: 18 years old and above
  • Minimum deposit: None
  • Fees: S$5 if the average daily balance falls below S$3,000.

5. Bank of China (BOC) SmartSaver Account

Now let’s talk about the Bank of China (BOC) SmartSaver Account, a fantastic option tailored for those who bring home the big bucks and love to spend. This nifty account is designed specifically for holders of the multi-currency Savings (MCS) account, and it comes with an attractive bonus interest.

With the Bank of China (BOC) SmartSaver Account, you have the chance to rake in a whopping 7% per annum on balances up to S$100,000. That’s right, you get a pretty solid interest rate on your savings. The Bank of China really knows how to be generous with its interest rates. But remember, there are a few requirements you need to fulfill in order to enjoy these benefits.

  • Account type: Joint
  • Eligibility: 18 years old and above
  • Minimum deposit: S$1,500
  • Fees: S$3 if the monthly amount is less than S$200

Comparing Joint Savings Accounts

When it comes to picking the right Joint Savings Account for your partner or friend, it can feel like a daunting task with all the options out there. But worry not!  Here’s a handy comparison table that’ll help you make an informed decision based on what matters most to you:

Joint Saving Account Annual InterestService FeeMinimum Deposit
Standard Chartered Bonus$aver Account0.05% – 7.88%S$5S$0
UOB One Account0.05% to 7.8%S$5S$1,000
Maybank Save Up Programme0.15% – 3%S$2S$500
DBS eMySavings Account0.05% – 4.1%S$5S$0
Bank of China (BOC) SmartSaver Account0.4% – 7%S$3S$1,500

Choosing the Ideal Joint Bank Account for You

When it comes to selecting the best joint bank account in Singapore, there are a few things you need to keep in mind. Your financial goals, spending habits, and personal preferences all play a crucial role in making the right choice. Fortunately, you’ve got some fantastic options to consider: the Standard Chartered Bonus$aver Account, UOB One Account, Maybank Save Up Programme, DBS eMySavings Account, and Bank of China SmartSaver Account.

While making your decision, it’s important to take into account factors like interest rates, eligibility criteria, and the specific requirements of each account. The ideal joint bank account is the one that aligns perfectly with your financial goals, helps you save effectively, and provides a hassle-free banking experience.

So, take a moment to carefully assess your needs and dive deeper into these account options. Once you find the right joint bank account, you and your partner can embark on a successful financial journey together. Wishing you smooth and enjoyable banking!


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