Interest rates are usually calculated daily and credited monthly. The rates may vary based on the account type, deposit amount, and any promotional tiers offered by the bank. Always check the latest rates before opening an account to ensure they align with your financial goals.

Yes, you can open multiple savings accounts in Singapore across different banks or even within the same bank. Many people do this to separate personal expenses, savings goals, and emergency funds. Be mindful of the account fees and minimum balance requirements that may apply.

When comparing options, look beyond just the interest rates. Consider factors such as withdrawal flexibility, mobile banking features, minimum balance requirements, and monthly fees. If you' are looking for a savings account with the highest interest, also check whether the rates are promotional or sustained over time.