The interest rates for the Vivid Savings Account has been revised up to 1.88% p.a. and you can now get to earn even more interest on your savings!

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$36 Cash Credit Promotion
The sign up is considered successful when:


Initial deposit of $1,000.00 to be deposited within 30 days of account opening
$1,000.00 must be kept in the Vivid Savings account for 90 days from date of deposit
Applicant must sign up and successfully activate SFL Go banking app


Account application must be submitted online within the promotional period of 1 May 2023 and 31 Oct 2023
Applicant who has closed a Vivid Savings Account during the past 6 months or is an existing Vivid Savings account holder will not qualify
Individual account only
Singapore citizen and permanent residents aged 16 years old and above

Vivid Savings Account
Daily Balance Interest Rate(%) p.a.*^
$1.00 - $10,000.00 1.28%
$10,000.01 - $100,000.00 1.88%
$100,000.01 and above*** 0.25%
* Interest rates quoted are subject to change at any time without prior notice. Terms and conditions apply
^ Interest is calculated based on each end day balance in your Vivid Savings Account and credited at the end of the month
*** The entire Vivid Account balance will be calculated at 0.25%(p.a.) if it exceeds $100,000 (including interest credit)



DEPOSIT INSURANCE SCHEME
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000.00 in aggregate per depositor per Scheme member by law.

For a complete listing of the insured deposit, please click here



How does the interest work?

Eg: You maintain your savings with no withdrawals daily between October - December

Illustration 1

For daily balance more than $9,999.00		 My Daily Balance Interest Rate My Interest Earned My Account Balance on the Last Day of the Month
October (based on 31 days) $9,999.00 1.28% p.a. $10.87 $10,009.87
November (based on 30 days) $10,009.87 1.88% p.a. $15.47 $10,025.34
December (based on 31 days) $10,025.34 1.88% p.a. $16.01 $10,041.35

Illustration 2

For daily balance more than $99,999.00		 My Daily Balance Interest Rate My Interest Earned My Account Balance on the Last Day of the Month
October (based on 31 days) $99,999.00 1.88% p.a. $159.67 $100,158.67
November (based on 30 days) $100,158.67 *0.25% p.a. $20.58 $100,179.25
December (based on 31 days) $100,179.25 *0.25% p.a. $21.27 $100,200.52

* The entire Vivid Account balance is calculated at 0.25% (p.a.) as it exceeds $100,000 after the credit of interest.
These calculations are for illustrative purposes only and are not representations, warranties or assurances of the actual interest credited.

Other Information