Savings accounts have been the conventional route for many Singaporeans to store hard-earned money. You may also have tried to use a high-yield savings account to earn eligible bonus interest rates.
With rising inflation, you may realise that such accounts are unable to help you achieve your saving or investment goals.
This is when cash management accounts or cash management solutions come in handy.
Read on to find out more about them!
The cost of living in Singapore has been rising.
In 2025, the headline (overall) inflation rate was 0.9%, and the GST has climbed from 7.0% to 9.0% in recent years.
While Singaporeans do enjoy higher-than-average incomes and generally have higher net worths compared to others, income (and wealth) inequality is still prevalent.
So whatever your financial standing, knowing how to manage your personal finances with the right tools matters more than it used to. But do you know how?
We set out to understand the financial literacy of Singaporeans and whether it has a positive impact on their financial standing.
We surveyed 1,183 adults aged 18 and above in Singapore. Here’s what we found, along with the latest national and regional statistics.
A higher income makes it easier to build and hold on to wealth, provided you have the right tools and a plan behind it.
For its size, Singapore holds a lot of wealth, with 244,000 US-dollar millionaires as of 2025. Average wealth per adult is over US$500,000, though the median adult holds far less.
But what about the average person on the street? What does a typical full-time worker here actually earn, and how does your salary compare?
We went through the latest official data to find the median income in Singapore, broken down by age, sex, education, occupation, and industry.
If you’re looking for household income instead, we’ve covered average household income in Singapore separately.
All figures are in Singapore dollars unless specified otherwise. An exchange rate of US$1 to S$1.30 was applied for conversions.
Your CPF savings will compound for decades before you touch them. Even a small difference in the interest rate adds up to a lot by the time you retire.
Here’s the short answer. Your Ordinary Account (OA) earns 2.5% per annum, while your Special, MediSave, and Retirement Accounts earn 4% per annum. On top of that, extra interest on your first $60,000 of combined balances means you can earn up to 5% if you’re below 55, or up to 6% if you’re 55 and above.
These rates are reviewed every quarter, so always check the CPF Board’s interest rates page for the live figures. But where do the numbers come from, and why have they barely moved in over two decades? Let’s dig in.
Every month, a chunk of your pay goes into your Central Provident Fund (CPF) accounts before it ever reaches your bank. How much, and which account it lands in, comes down mostly to your age.
Quite a lot has changed in recent years. The salary ceiling has been raised in stages to $8,000, contribution rates for workers above 55 have gone up several times, and the Special Account no longer exists for members aged 55 and above.
This page is updated regularly, so the rates below reflect what applies in 2026.
Insurance is always best bought when you’re young, when the odds of a clean bill of health are highest and you can get the full extent of coverage.
But plenty of people treat it as something they can put off. And it’s true that the chances of a critical illness or death rise with age.
There are two things worth remembering, though.
First, these events can still happen early, and when they do, they tend to hit your family’s finances harder. Second, even a minor condition picked up along the way can affect your chances of being approved later.
So if you already have a pre-existing condition and you’re wondering what your options are, you’re not out of luck. We can’t turn back the clock, but here’s what you can still do.
You may have seen this phrase: “protected up to specified limits by SDIC” in product brochures and advertisements by financial institutions.
What exactly are you insured for and how much is the limit?
In this article, we cover all that and took a deeper look into SDIC in Singapore and the schemes it administers.
So, read on!
How much does it really cost to put one child through school in Singapore, from infant care all the way to a university degree?
Two things decide it: your child’s citizenship status, and the schools you pick. For a Singapore Citizen in government schools, the total is far lower than most parents expect. For everyone else, the bill runs into six figures before university even begins.
Below we work through the average total cost of education in Singapore, for both public (government schools, unless otherwise stated) and private schools (including international schools). This guide sits within our wider research on education cost statistics in Singapore, and we update it as fees change.
(All figures are quoted in Singapore dollars.)
More people are seeing the wisdom of investing early to grow their wealth.
As one of the more common types of financial instruments in the market, bonds are something that everyone should definitely seek to understand before deciding which tool to invest in.
In this article, you’ll get to understand how bonds work and what are the different types of bonds out there in the market.
So, read on!
Investing your hard-earned savings wisely helps you combat inflation and gain higher returns.
Maximising returns is desirable as it can help you to achieve your financial goals more quickly.
According to statistics, over half of all Singaporeans are aware of this and have investments in stock or equities. However, stock and equities are not the only way to store your wealth.
Among the variety of options available, fixed deposits in Singapore are one of the safest and easiest long-term investment instruments to understand.
If you are simply looking for a simple, passive instrument to store rather than grow your wealth, fixed deposits may be of interest to you.