Features & Benefits
Easy to Open
Hassle-free account opening with MyInfo to retrieve your personal information.
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Easy Access
Manage your account through HL Bank Connect (for individuals) and keep track of your finances at your convenience.
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Attractive Interest Rates
Save more and earn higher interest rates.
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Deposit Insurance Scheme ("DI Scheme")
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporate, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Interest Rates*
| Daily Balance | Prevailing Rates (p.a.) | Bonus Rates (p.a.) | Promotional Rates (p.a.) |
|---|---|---|---|
| First S$20,000 | 0.30% | 0.58% | 0.88% |
| Next S$30,000 | 0.30% | 0.58% | 0.88% |
| Next S$150,000 | 0.30% | 1.78% | 2.08% |
| Next S$800,000 | 0.30% | 1.78% | 2.08% |
| Above S$1,000,000 | 0.30% | 1.78% | 2.08% |
*These interest rates are effective from now to 31 December 2022 and apply to individual depositors only. There will be no passbook given for an iSavings account. HL Bank reserves the right to change, vary or revise these interest rates from time to time in its own absolute discretion.
Requirements:
21 years and above The account is only applicable to individuals You can have a maximum of one individual iSavings Account and one joint iSavings Account with another person
Applicable to Singapore citizens, permanent residents or foreigners with valid documentation
Note: Account opening is subject to Bank's approval
- S$5 monthly service fee; waived with a minimum average daily balance of S$5,000
- S$30 early closure fee if account is closed within 6 months of opening
- Fees and charges apply for over-the-counter transactions
