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Smartbusinessaver desktop x
  1. Business Accounts
  2. Smart Business$aver Account

Smart Business$aver Account

Earn up to 4.68% interest p.a.¹

Earn up to 4.68% interest p.a.1
  • Prevailing interest p.a.
    0.28%

    on all balance

  • Bonus interest p.a.
    Up to 4.40%

    on the first S$500,000 eligible deposit balance

  • That is up to
    S$23,400

    interest p.a.

    (based on S$500,000 balance)

1 Smart Business$aver Product Terms apply.

Smart Business$aver Calculator2

Prevailing interest of 0.28% p.a. has been included in the calculation.

S$
Your estimated annual interest2
Please enter a minimum amount of S$1

S$ @ % p.a.

Your estimated annual interest2

S$ @ % p.a.

More information
  • Lending Relationship

Do you have an eligible Business Banking lending relationship with us?

No Yes
Bonus interest p.a.

1.8%

on the first S$500,000 average daily balance

Lending Relationship

Criteria
Have an eligible Business Banking lending relationship
Eligible lending facilities
(a) Business Working Capital; or
(b) Business Property Loan; or
(c) Business Instalment Loan
Bonus interest rate on the first S$500,000 average daily balance
1.80% p.a.
Bonus Interest Crediting Month
One month after this requirement has been satisfied for each calendar month
e.g. if criteria is met in February, the bonus interest will be credited in March based on February’s average daily balance.

The eligible lending facility must have been approved by the Bank, and your facility agreement with us must not have been terminated, must be in good standing and must not be in breach of its terms and conditions, and must be conducted in a proper and satisfactory manner at all times (each as determined by the Bank in its sole and absolute discretion).

If you do not satisfy the requirements in any calendar month, you will not receive the corresponding bonus interest for that calendar month.

Please refer to Smart Business$aver Product Terms for full T&Cs that apply.

More information
  • FX Transactions

Would you have eligible monthly FX transactions of at least S$50,000?

No Yes
Bonus interest p.a.

1%

on the first S$500,000 average daily balance

FX Transaction

Criteria
Successfully complete FX Transaction(s) in aggregate notional amount of at least S$50,000 via either Straight2Bank NextGen Platform or Treasury Services
Bonus interest rate on the first S$500,000 average daily balance
1.00% p.a.
Bonus Interest Crediting Month
One month after this requirement has been satisfied for each calendar month
e.g. if criteria is met in February, the bonus interest will be credited in March based on February’s average daily balance.

The Bank reserves the right to determine the applicable calculation method(s), and we may make currency conversions in respect of completed FX Transactions into Singapore dollars using our applicable prevailing currency exchange rate at the end of the calendar month to determine if the FX Qualifying Amount has been met; and the FX Transactions in the amount of the FX Qualifying Amount must be carried out via either the Bank’s Straight2Bank NextGen platform or the Bank’s treasury services.

If you do not satisfy the requirements in any calendar month, you will not receive the corresponding bonus interest for that calendar month.

Please refer to Smart Business$aver Product Terms for full T&Cs that apply.

FX Disclaimer:

Foreign currency investments are subject to risks of exchange rate fluctuations and exchange controls may be applicable from time to time to certain currencies.

The content of this website is for general information only and does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.

It has not been prepared for any particular person or class of persons and it has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

You are fully responsible for your investment decision, including whether the product or service described here is suitable for you. The products / services involved are not principal-protected and you may lose all or part of your original investment amount. The Bank will not accept any responsibility or liability of any kind, with respect to the accuracy or completeness of the information in this website.

More information
  • Inward Credits

Would you have total monthly credits* of at least S$80,000? (*exclusions apply)

No Yes
Bonus interest p.a.

1%

on the first S$500,000 average daily balance

Inward Credits

Criteria
Have Total Monthly Credits* in aggregate gross amount of at least S$80,000
Bonus interest rate on the first S$500,000 average daily balance
1.00% p.a.
Bonus Interest Crediting Month
One month after this requirement has been satisfied for each calendar month
e.g. if criteria is met in February, the bonus interest will be credited in March based on February’s average daily balance.

For the avoidance of doubt, incoming funds credited to your Smart Business$aver account will still be eligible for calculation toward the Total Monthly Credits even if they are subsequently withdrawn from the Smart Business$aver account, whether in full or in part.

*Total Monthly Credits may include incoming funds credited arising from:

  1. cash deposits (including over-the-counter and bulk deposits);
  2. Local funds transfers, local bank electronic transfers and telegraphic transfers (covering SWIFT and internal network transfers); and
  3. local and foreign cheque deposits;

Total Monthly Credits shall exclude incoming funds credited, paid, transferred, initiated or disbursed by the Bank into your Smart Business$aver account in the following scenarios:

  1. crediting of funds from any time deposit account(s) linked to the Smart Business$aver account;
  2. crediting of funds from loan facilities disbursed by the Bank into the Smart Business$aver account;
  3. crediting of interest, including prevailing and any bonus interest, by the Bank into the Smart Business$aver account;
  4. crediting of funds originating from any of your other accounts with the Bank;
  5. credits due to any returned transaction (including returned cheques, unsuccessful funds transfer, etc)

If you do not satisfy the requirements in any calendar month, you will not receive the corresponding bonus interest for that calendar month.

Please refer to Smart Business$aver Product Terms for full T&Cs that apply.

More information
  • Payroll

Would you make at least one Payroll transaction monthly?

No Yes
Bonus interest p.a.

0.6%

on the first S$500,000 average daily balance

Payroll

Criteria
Successfully perform at least one Payroll transaction via Straight2Bank NextGen Platform in a calendar month
Bonus interest rate on the first S$500,000 average daily balance
0.60% p.a
Bonus Interest Crediting Month
One month after this requirement has been satisfied for each calendar month
e.g. if criteria is met in February, the bonus interest will be credited in March based on February’s average daily balance.

Useful links:

Straight2Bank Payroll Payment Guide for steps to perform the Payroll transaction

Straight2Bank Payroll Payment template

If you do not satisfy the requirements in any calendar month, you will not receive the corresponding bonus interest for that calendar month.

Please refer to Smart Business$aver Product Terms for full T&Cs that apply.

Other services and features

Business Debit Card

With Business Debit Card, enjoy 1% rebate on all qualifying spend with no rebate cap Find out more

Make and receive payments seamlessly with PayNow Corporate and SGQR

With PayNow Corporate, make and receive payments with your UEN. Free registration and generation of SGQR labels and enjoy fee waiver on incoming PayNow transactions. Find out more

Straight2Bank

Online banking platform designed for all your business transactional needs Find out more

Documents Required
  • Business Account Opening Form
  • Photocopy of NRIC / Passport of
    • At least 2 directors (including Managing Director),
    • All Principal Shareholders (with 10% or more), and
    • All signatories (Directors)
  • Company Constitution / Memorandum and Articles of Association (M&A)

Requirements and Charges
  • Minimum monthly average balance: S$50,000
  • Fall-below fee: S$50 per month
  • Early account closure fee (within 6 months): S$500
  • Please refer to Pricing Guide for all relevant fees and charges.

Smart Business$aver Account offers one of the highest interest rate in town for business accounts, with up to 4.68% interest p.a. which consists of:

  • Prevailing interest: 0.28% p.a. on all balance
  • Bonus interest: Up to 4.40% p.a. on all average daily balance when you comply with the following requirements:
    • Have a Business Banking lending relationship
    • Complete FX Transaction(s) online or via Treasury Services
    • Have inward credits to your Smart Business$aver Account
    • Perform at least one Payroll transaction online using your Smart Business$aver Account

Your will receive up to 2 types of interest in your Smart Business$aver Account every month.

1) Prevailing interest: 0.28% p.a. on all balance

This prevailing interest is accrued daily. You will receive this interest at the end of every calendar month.

   

2) Bonus interest

You earn bonus interest on the first S$500,000 of your account average daily balance* when you fulfill any or all of the below criteria. You will receive this interest by the end of the following calendar month. If you do not satisfy the requirements in any calendar month, you will not receive the corresponding bonus interest for that calendar month.

  • Earn 1.80% p.a. for having an eligible Business Banking lending relationship; and/or
  • Earn 1.00% p.a. for successfully completing FX Transaction(s) in aggregate notional amount of at least S$50,000 via either Straight2Bank NextGen Platform or Treasury services; and/or
  • Earn 1.00% p.a. for having Total Monthly Credits in aggregate gross amount of at least S$80,000; and/or
  • Earn 0.60% p.a. for successfully performing at least one Payroll transaction via Straight2Bank NextGen Platform

*average daily balance means the sum of end-of-day balances in an account for each day in that month divided by the number of days in that month.

Yes, though bonus interest of up to 4.40% p.a. will be awarded on the first S$500,000 eligible average daily balance, you will continue to earn prevailing interest of 0.28% p.a. on all balance.

No, you may have only one Smart Business$aver account at any one time.

No. You will qualify for Bonus Interest as long as you meet the requirements of each Smart Business$aver category. However, do note that a fall-below fee of S$50 per month applies if you do not meet the minimum monthly average balance of S$50,000.

No. Currently, only SGD is available.

Yes. Do note that this is only applicable if the funds originate from another bank. Funds originating from any of your other accounts with the Bank will not be eligible.

There will be a separate credit entry for each bonus interest category you qualify for (e.g. if you qualify for 2 bonus categories, there will be 2 credit entries posted on your account statement).

The calculated interest is an estimate based on the assumption that your account balance stays the same throughout the year and on the assumption that you satisfy the qualifying terms and conditions of the Smart Business$aver Product Terms.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

FX Disclaimer
Foreign currency investments are subject to risks of exchange rate fluctuations and exchange controls may be applicable from time to time to certain currencies.

The content of this website is for general information only and does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.

It has not been prepared for any particular person or class of persons and it has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

You are fully responsible for your investment decision, including whether the product or service described here is suitable for you. The products / services involved are not principal-protected and you may lose all or part of your original investment amount. The Bank will not accept any responsibility or liability of any kind, with respect to the accuracy or completeness of the information in this website.