Bank Interest Rate Overview in 2025 starting from May 2025
| Date | OCBC 360 | UOB One | UOB Stash | SCB BonusSaver | GXS | Maribank |
|---|---|---|---|---|---|---|
| 2025-08-01 | 2.45% | 3.3% | 2.045% | 3.0% | 1.68% | 1.88% |
| 2025-08-06 | 2.45% | 3.3% | 2.045% | 3.0% | 1.08% | 1.88% |
| 2025-09-01 | 2.45% | 2.5% | 2.045% | 3.0% | 1.08% | 1.28% |
Note: GXS interest rate is using the main account rate for simplicity, although there's a higher rate for GXS account with the pockets rate. I've also added the monthly interest rate for each bank. The amount is based on the max balance of each bank.
Recently there's too many changes in the interest rate for each of the respective banks. I decided to create a table to summarize the changes.
I understand some banks like DBS / BOC are being left out in the table also because I am not familiar with them. Also because to properly display the data on mobile, it's extremely challenging. I bank mainly with UOB because of their miles card and I've just started using Stash in May 2025.
Let's start with the bad news which is UOB Stash.
UOB Stash dropping to 2.045% starting 1 July 2025
From EIR of 3%, it's dropping to 2.045% starting 1 July 2025. Simple and straightforward. Just maintain a MAB of $100,000 and you can earn 3%. The logic of MAB (Monthly Average Balance) basically is taking the end of day balance of each day and then divide by the number of days in the month.
Here's a tool I build to calculate the MAB for you. MAB Calculator
Standard Chartered SmartSaver increasing to 3% starting 1 June 2025
Although SCB SmartSaver is increasing to more than 3% starting 1 June 2025, I only indicate 3% as most people usually only have salary credit and card spend. It was 2% previously so a good 1% increase overall for Salary Credit and Card Spend.
I've also added a tool to calculate Monthly Average Balance for SCB given that SCB didn't have this which you can refer to SCB Monthly Average Balance Calculator.
Maribank dropping to 1.88% starting 16 June 2025
Maribank is following the rest of the banks and droppping it's rate to 1.88% starting 16 June 2025. Nothing unexpected. Simple and straightforward account, no hoops to jump through.
OCBC 360 dropping to 2.45% starting 1 August 2025
OCBC 360 is dropping to 2.45% starting 1 August 2025. This only applies when you meet the salary credit, card spend and save criteria.
GXS dropping to 1.08% starting 6 August 2025
GXS is dropping to 1.08% starting 6 August 2025. A full month of 31 days will yield $87.14, down from $135.55, a drop of $48.41 from the current EIR at 1.68%.
UOB One dropping to 2.5% starting 1 September 2025
UOB One is dropping to 2.5% starting 1 September 2025. This only applies when you meet the salary credit and card spend criteria.
Maribank drops to 1.28% starting 1 September 2025
Maribank is dropping to 1.28% starting 1 September 2025. Nerf the 2nd time after 2.5 months.
Conclusion
For balances up to $100,000, SCB SmartSaver is the best option. For balances up to $150,000, UOB One is the best option despite the drop in interest rate since other banks max balance are mostly capped at $100,000.