9 best business savings accounts and alternatives in SG (2026)

Key takeaways 

• A business savings solution should help your money grow without locking it away. The best options balance steady returns with day‑to‑day access to cash.

• Traditional bank savings accounts often require high minimum deposits and lock‑in periods, while some fintech platforms offer low‑ or no‑minimum investment products. Both options still come with trade‑offs, like reduced liquidity or more providers to manage.

• Airwallex Yield removes these trade‑offs: you earn daily returns on SGD and USD with no minimum deposits, no fixed terms, plus you get the benefit of managing both cash growth and global financial operations from a single account.

You’ve worked hard to build up surplus cash or raise funding, so don’t let it sit idle. A traditional business savings account can be one way to grow your cash balance, but it’s not your only option. Digital investment platforms can offer attractive returns, and you can pair them with tools like spend management to keep everyday company spend and expenses under control.  

In this article, we’ll walk you through some business savings accounts in Singapore, their features, and fees. We’ll also explore fintech alternatives like Airwallex Yield, which offers competitive multi-currency returns within our all-in-one global financial platform.

What is a business savings account? 

A business savings account is designed to hold surplus funds and earn interest, giving businesses a way to put unused cash to work while keeping it separate from operating funds.

The difference between a business savings account and a regular business account is its purpose. A business account handles frequent inflows and outflows, while a savings account is built to park funds. To earn interest, you may need to keep a minimum balance or lock in your cash for a specific time period.

Top 9 business savings accounts in Singapore

Looking to manage surplus cash? We’ve rounded up nine of the best business savings accounts and alternatives in Singapore.

1. Airwallex Yield 

2. DBS Business Fixed Deposit Account 

3. UOB FlexiYield Account 

4. OCBC SGD Time Deposit

5. Wise Interest 

6. Aspire Yield 

7. ANEXT Fixed Deposit 

8. Syfe for Business

9. StashAway Corporate Account  

Before we go into the details, here’s an overview that you can use to compare each business savings account and alternatives:

Note: The information in this table has been reviewed to be accurate as of 5 January 2026.

* The Instant Withdrawals service is provided by a different legal entity, namely, Airwallex (Singapore) Pte. Ltd. ("Airwallex Singapore"). Additional terms and conditions shall apply. Airwallex Singapore is licensed in Singapore as a Major Payment Institution and is regulated by the Monetary Authority of Singapore (License No. PS20200541).

Airwallex Yield (an alternative to traditional business savings accounts in Singapore)

Airwallex Yield is not a savings account or fixed deposit. It’s a multi-currency investment solution that offers competitive daily returns on both SGD and USD – regardless of your deposit amount. Unlike fixed deposits, Yield has no minimum balance or no lock-in period, giving you access to your funds as quickly as within two business days. It’s a flexible way to grow your cash, without the restrictions and limits of traditional savings accounts.

With Yield integrated directly with your business account, your savings and global payments run on the same platform.  You can grow your cash while accessing S$0 transfers to 120+ countries via local payment rails. Add to that a built-in payment gateway, expense management, and reimbursements, and you have a single platform to run your global finances and grow your idle funds.

Key features

• A multi-currency investment solution with competitive returns for USD and SGD

• Balances are invested in low-risk money market funds (Goldman Sachs Asset Management for USD and Fullerton Fund Management for SGD)

• Integrated within the Airwallex Business Account, so you can manage your investments in the same platform as your day-to-day transactions

• Unlock higher returns with our Grow and Accelerate plans, while getting access to Airwallex’s advanced financial features

• No initial deposit, minimum balance, early withdrawal, or lock-in period

DBS Business Fixed Deposit Account

The DBS Business Fixed Deposit Account lets you earn interest on multiple currencies over a set period. You can choose a deposit tenure and receive predictable returns at the end of the term. However, funds are locked in until maturity, which limits flexibility if you need quick access to cash. 

You also need to apply for the Fixed Deposit account separately, even if you already have a DBS Business Account. This means submitting additional documents and dealing with potential delays.

Key features

• Fixed interest rate depending on tenure and currency

• Choice of deposit terms to suit cash flow planning

• Predictable returns at maturity

• Available in SGD and foreign currencies

• S$5,000 (or foreign currency equivalent) initial deposit required, lock-in period of up to 12 months

UOB FlexiYield Account

The UOB FlexiYield Account is positioned as a flexible deposit option for businesses. There’s no set maturity date, but you’ll need to give 31 calendar days’ notice to withdraw funds. If you need to access funds earlier, fees will apply. 

Key features

• No maturity date; withdraw funds with 31 days’ notice

• SGD interest rates start from 0.10% p.a.

• Higher USD interest rates only apply at balances of US$100,000+

• Initial deposit of S$50,000 or US$50,000, minimum balance requirement of S$8,000 or US$1,000, early withdrawal fee, fall-below fee and early closure fee applies

OCBC SGD Time Deposit

The OCBC SGD Time Deposit is a savings product that lets businesses grow their Singapore dollar funds for fixed terms ranging from 1 to 12 months. Interest rates depend on the chosen tenure and are paid at maturity, giving predictable but inflexible returns. Withdrawals before maturity are subject to fees, which can reduce or eliminate the interest earned. You also need to apply for the Time Deposit account separately, even if you already have an OCBC Business Account.

Key features

• Lock-in period of at least one month

• Interest rates depend on tenure and are paid at maturity

• Withdrawals before maturity incur fees and loss of interest

• S$5,000 initial deposit requirement

Wise Interest

Wise Interest lets businesses earn returns on balances in four currencies – GBP, EUR, USD, and SGD. It’s part of the Wise Business Account, so there’s no need to make a separate application to use Wise Interest.  

Key features

• Interest available on four currencies

• Integrated within the Wise Business Account

• No initial deposit requirement, minimum balance requirement, or lock-in period

Aspire Yield

Aspire Yield is part of Aspire’s business account and allows companies to grow surplus SGD or USD funds. While its interest rates may be appealing, using Aspire only for Yield adds another platform to manage on top of your existing providers.

Key features

• Attractive USD and SGD rates

• No lock-in period, withdrawals allowed anytime

• Integrated into Aspire’s business account

• No initial deposit requirement, minimum balance requirement, fall-below fee or early withdrawal fee

ANEXT Fixed Deposit

ANEXT Fixed Deposit is a classic fixed deposit product for EUR, SGD, or USD. Unlike traditional banks that require a separate application, you can open an ANEXT Fixed Deposit directly from its Business Account. That said, it still carries the usual downsides of fixed deposit accounts: your money is tied up for at least a month, and higher returns only come with larger amounts. It also has one of the highest minimum balance requirements for SGD at S$250,000.  

Key features

• Classic fixed deposit product  

• Lock-in period of up to 36 months

• Higher returns unlocked only with larger deposits

• S$250,000 or US$5,000 initial deposit required

Syfe for Business

Syfe for Business is a wealth management platform that gives companies access to SGD and USD investment solutions. You can choose between short-term and long-term strategies: Cash+ Flexi, which has no fixed term, or Cash+ Guaranteed, which locks funds in for periods of 1 to 12 months. These options can offer attractive returns compared to traditional deposits, but they require a minimum deposit of S$100,000.

Key features

• Wealth management platform with investment solutions in SGD and USD

• Cash+ Flexi: no fixed term

• Cash+ Guaranteed: 1–12 month terms

• Initial deposit of S$100,000 required, no minimum balance requirement

StashAway Corporate Account

StashAway is a wealth management platform, and the Corporate Account is its investment solution for businesses. It provides three options: Simple, an SGD cash management portfolio with high liquidity; Simple Plus, a higher-yield portfolio with slightly more risk; and USD Cash Yield, which offers returns on USD balances. 

Key features

• Wealth management platform with SGD and USD investment solutions for businesses

• Offers three solutions: Simple, Simple Plus, and USD Cash Yield. Lock-in periods range from one day (Simple, USD Cash Yield) to 12+ months (Simple Plus) 

• No initial deposit, minimum balance, fall-below fee, early withdrawal fee or early closure fee

Top business savings account features for your business

Choosing the right business savings account involves more than chasing the highest rate. The best accounts help your money grow without locking it away. Here are some features to consider:

No lock-ups or withdrawal limits

Your cash should be easy to access when you need it. Look for accounts that don’t tie up your funds or penalise you for making withdrawals during slower months. Airwallex lets you move funds in and out of Yield, so your capital is always ready for your next move.

Low or no monthly fees

Account fees can eat into your returns. Look for providers that don’t charge a monthly maintenance fee or require large balances just to waive it. Yield is available on Airwallex’s Explore Plan, which costs S$0 per month, so every dollar you earn stays in your business.

Multi-currency support

If you do business globally, a single-currency savings account won’t cut it. Choose a platform that lets you hold and earn interest on multiple currencies. With Airwallex, you can hold, manage, and earn returns on your SGD and USD balances.

Built-in tools that save time

Some business savings accounts do more than hold cash. Look for features like integrations with your accounting software or analytics that make financial management easier. Airwallex combines savings with payments, FX, and expense management in one platform — so your money works harder without extra admin.

Do I need a business savings account for my business?

Not every business needs a savings account.  In the early stages, most companies keep operations running with a standard business account. It’s simple, familiar, and does the job. 

As your cash reserves grow, leaving them in a zero-interest account means missing out on potential returns. If you’re setting extra funds aside for future expansion or slower seasons, it makes sense to keep them in an interest-earning business savings account. It’s a way to boost your cash while you wait, without putting your working capital at risk.

Instead of replacing your main business account, a savings account should complement it. Having both helps you manage everyday transactions and long-term growth.

Frequently asked questions (FAQs)

What is the difference between a business savings account and a personal savings account?

Business savings accounts are built for companies, not individuals. They often come with features that support financial reporting, cash flow planning, and higher transaction volumes.

How much money should a business keep in savings?

A good rule of thumb is to hold enough to cover three to six months of operating expenses. This gives you a buffer for unexpected costs or slower revenue periods.

What do you need to apply for a business savings account?

You’ll typically need your business registration details, identification for the company’s directors, and proof of address. Some providers may also ask for financial statements or your company’s constitution.

Sources:

1. https://www.dbs.com.sg/sme/day-to-day/accounts/fixed-deposit-account

2. https://www.uob.com.sg/business/accounts/uob-flexiyield-account.page

3. https://www.ocbc.com/business-banking/smes/accounts/singapore-dollar-time-deposit

4. https://wise.com/sg/business/interest

5. https://aspireapp.com/yield

6. https://www.anext.com.sg/bank-with-us/fixed-deposit

7. https://www.syfe.com/syfe-for-business

8. https://www.stashaway.sg/corporate

9. https://www.dbs.com.sg/sme/pdf/Pictorial-Guide-IDEAL-Online-Fixed-Deposit.pdf

10. https://www.ocbc.com/business-banking/sgd-fixed-deposit-interest-rates

All comparisons and information reflect Airwallex’s own research using public documentation as of 23 December, 2025, and have not been independently validated.

Product features, pricing and other details are subject to change. Airwallex does not guarantee the continued accuracy of this information and is not responsible for any inaccuracies that may arise from such changes. This publication is not intended to be relied on for the purpose of making a decision about a financial product. In particular, Yield is not a savings or deposit product. Investments involve risks, including the possible loss of principal amount invested. Past performance is not indicative of future results.  Users are encouraged to conduct their own verification and seek their own advice.

Indicative rate is based on historical annualised rate of underlying funds as of 2 September, 2025, net of Airwallex fees and assumes subscription to the Accelerate tier at SGD 399/ month. Click here to learn more.

If you would like to request an update of the content in this publication, feel free to contact us at [email protected]. 

Airwallex (Singapore) Pte. Ltd. (201626561Z) is licensed as a Major Payment Institution and regulated by the Monetary Authority of Singapore. Airwallex Capital (Singapore) Pte. Ltd. is licensed as a Capital Markets Services License holder under the Securities and Futures Act 2001 by the Monetary Authority of Singapore (License No. CMS101830). The MAS has not reviewed this information. For more details, you can refer to the MAS website here.