OCBC 360 vs UOB One vs DBS Multiplier vs GXS Savings SG 2026

S$2,200 a year is what S$100,000 earns at OCBC 360 on salary, save and spend as of September 2026, against S$1,375 for the same money and the same two conditions at UOB One, a S$825 gap that comes entirely from how the two banks slice the balance into tiers. Those figures are arithmetic on the banks' own published tables, not a promotion, and the gap widens or flips depending on how much you hold and which conditions you can meet.

This is a four-way on OCBC 360, UOB One, DBS Multiplier and GXS at the rates published in September 2026, with every condition stated as the bank states it and a named source for each number. We run the effective yield on S$25,000, S$75,000 and S$100,000 for three kinds of saver, say what actually moves the interest you receive, give a verdict by profile, and explain where cashback via ShopBack fits as a separate layer on the card spend three of these accounts ask you to make.

What does each account pay as of September 2026?

	OCBC 360	UOB One	DBS Multiplier	GXS Savings
Base rate	0.05%	0.05% above tiers	0.05%	Main Account 0.88%, no conditions
Entry condition	Salary of S$1,800 or more, or Save, or Spend	S$500 card spend, plus either S$1,600 salary or 3 GIRO debits	Income credit, plus 1 or more categories	None
Salary floor	S$1,800 via GIRO, FAST or PayNow	S$1,600 via GIRO or PayNow	Any amount, counted into the transaction total	None
Card spend condition	S$500 on eligible OCBC credit cards	S$500 on eligible UOB credit or debit cards	DBS or POSB card and PayLah! retail spend, counted into the total	None
Bonus bands	First S$75,000 and next S$25,000	First S$75,000, next S$50,000, next S$25,000	First S$50,000 (1 category) or S$100,000 (2 or more)	Saving Pockets up to S$95,000; Boost Pockets from S$500
Headline maximum	4.70% effective on S$100,000 with all five categories	1.90% effective on exactly S$150,000 with spend plus salary	4.10% on S$100,000 with income plus 3 categories and S$30,000 of monthly transactions	1.75% on a 12-month Boost Pocket
Realistic maximum for a salaried saver	2.20% (Salary, Save, Spend)	1.375% on S$100,000; 1.90% on S$150,000	2.40% (income plus 3 categories under S$15,000)	1.08% Saving Pocket (1.20% promo) or 1.75% Boost
Minimum balance and fee	S$3,000 average, S$2 fall-below (OCBC page)	S$1,000, S$5 fall-below, waived 6 months online	S$3,000 average, S$5 fall-below, waived at 29 and below	None
Rates effective	1 August 2026 (Beansprout, Sep 2026)	1 December 2025 (UOB page)	As listed September 2026 (Beansprout, confirmed against DBS examples)	26 September 2026 (The Kopi Notes)
Deposit insurance	SDIC to S$100,000	SDIC to S$100,000	SDIC to S$100,000	SDIC to S$100,000

OCBC 360 tiers

Per Beansprout's and Syfe's September 2026 listings, effective 1 August 2026: Salary 1.00% on the first S$75,000 and 2.00% on the next S$25,000; Save 0.50% and 1.10%; Spend 0.25% and 0.25%; Insure 1.00% and 2.00%; Invest 1.00% and 2.00%; Grow 1.20% and 1.20%. The conditions, from OCBC's own page: salary of at least S$1,800 credited via GIRO, FAST or PayNow; average daily balance up by at least S$500 on the previous month for Save; at least S$500 on eligible OCBC credit cards for Spend; an eligible insurance or investment purchase, paying for 12 months after the free-look period; and a S$250,000 average daily balance for Grow.

UOB One tiers

From UOB's own page, effective 1 December 2025. Spend plus salary: 1.00% on the first S$75,000, 2.50% on the next S$50,000, 3.40% on the next S$25,000, 0.05% above S$150,000; maximum effective 1.90% on S$150,000. Spend plus three GIRO debits: 1.00%, 2.00%, 0.05%, 0.05%; maximum effective 1.40% on S$125,000. Spend only: 0.65% on the first S$75,000, 0.05% above. Eligible cards: UOB One Card, Lady's Card, EVOL, Lazada-UOB, and the One Debit, Lady's Debit and FX+ Debit cards.

DBS Multiplier tiers

From Beansprout's September 2026 table, which matches the worked examples on DBS's own Multiplier page (a working adult with three categories at S$3,800 of transactions earning 2.40%, a first jobber with two categories earning 2.10%). Income plus one category: 1.80% under S$15,000 of monthly transactions, 1.90% from S$15,000 to under S$30,000, 2.20% from S$30,000, on the first S$50,000. Income plus two: 2.10%, 2.20%, 3.00% on the first S$100,000. Income plus three or more: 2.40%, 2.50%, 4.10% on the first S$100,000. Recognised income includes salary, dividends, CPF payouts and SRS withdrawals; categories are card or PayLah! retail spend, home loan instalment, insurance and investments.

GXS tiers

From The Kopi Notes' 26 September 2026 listing: Main Account 0.88%, credited daily; Saving Pockets 1.08% (1.20% promotional), up to eight pockets and S$95,000 combined; Boost Pockets from S$500 at 1.01% for one month, 1.22% for three, 1.40% for four, 1.30% for eight and 1.75% for twelve, bonus paid at maturity. A September 2026 Save and Invest promotion offered up to 3.20% on a four-month Boost Pocket paired with a GXS Invest fund purchase, which carries market risk and is not a savings rate.

How much does each profile actually earn?

Effective yields below are arithmetic on the published tiers, base rate included, for one year with the conditions met every month.

Profile and balance	OCBC 360	UOB One	DBS Multiplier	GXS
Salary only, S$25,000	1.05% (S$263)	0.05% (no card spend, S$13)	0.05% (no second category, S$13)	1.08% Saving Pocket (S$270) or 1.75% Boost (S$438)
Salary plus S$500 card spend, S$25,000	1.30% (S$325)	1.00% (S$250)	1.80% (income plus card, S$450)	1.08% to 1.75%
Salary plus card spend plus S$500 saved, S$75,000	1.80% (S$1,350)	1.00% (S$750)	1.80% (S$1,350)	1.08% to 1.75%
Salary plus card spend plus S$500 saved, S$100,000	2.20% (S$2,200)	1.375% (S$1,375)	1.80% on S$50,000 plus 0.05% (S$925)	1.08% to S$95,000 then 0.88% (S$1,070)
Salary, card, home loan, insurance, under S$15,000 a month, S$100,000	1.80% (no Insure or Invest in last 12 months)	1.375%	2.40% (S$2,400)	1.08% to 1.75%
All conditions, S$100,000	4.70% (S$4,700, needs Insure and Invest purchases)	1.375%	4.10% (S$4,100, needs S$30,000 of monthly transactions)	1.75% Boost (S$1,750)
Spend plus salary, S$150,000	2.20% on S$100,000 plus 0.05% (S$2,225)	1.90% (S$2,850)	2.40% on S$100,000 plus 0.05% (S$2,425)	1.08% to S$95,000, 0.88% above (S$1,510)

Three things fall out of that table. OCBC 360 is the best account for a salaried saver with S$75,000 to S$100,000 who can tick Salary, Save and Spend. DBS Multiplier is the best for someone whose mortgage and insurance already run through DBS, because categories cost nothing extra to tick. UOB One only wins at exactly S$150,000 with salary and spend, and loses everywhere below it. GXS wins for anyone with no salary credit at all.

What actually moves the interest you receive?

Whether you hit the salary floor. It is the gate at OCBC (S$1,800) and UOB (S$1,600) and the mandatory credit at DBS. Miss it and OCBC drops to Save plus Spend, UOB to the GIRO path or 0.65%, and DBS to 0.05%.

Where your balance sits against the bands. OCBC's second band (S$75,001 to S$100,000) pays roughly double its first, UOB's second and third bands pay 2.50% and 3.40% against 1.00% on the first S$75,000, and DBS pays nothing above S$100,000. A saver with S$60,000 and a saver with S$100,000 are in different accounts' sweet spots.

How many conditions you can tick without changing your life. OCBC's Save condition (balance up S$500 a month) is free if you are saving anyway. DBS's home loan and insurance categories are free if those products are already at DBS. OCBC's Insure and Invest categories pay 1.00% and 2.00% each, but buying a product to earn interest on S$100,000 is backwards unless you wanted the product.

The S$500 card spend. Three of the four ask for it, on the bank's own card, every month. That spend is where cashback via ShopBack enters, below.

The rate cycle. UOB cut on 1 December 2025, OCBC revised on 1 August 2026, GXS moved on 26 September 2026. The direction over 2025 and 2026 has been down with Singapore dollar rates. A six-month Treasury bill or a Singapore Savings Bond does not have conditions; compare the net yields, not the headlines.

What does not move it: the bank's brand, the app, or the headline maximum, which almost nobody earns.

Which account fits which saver?

Salaried, S$75,000 to S$100,000, one bank, no mortgage

OCBC 360 with Salary, Save and Spend at 2.20% effective on S$100,000, S$2,200 a year. Put the S$500 spend on an OCBC 365 and route the salary via GIRO. DBS Multiplier is the runner-up at 1.80% if the balance stays under S$50,000 with only card spend as the second category.

DBS mortgage holder with DBS insurance

DBS Multiplier with income plus card plus home loan plus insurance is four categories, which pays 2.40% on S$100,000 (S$2,400) under S$15,000 of monthly transactions, and 2.50% from S$15,000. The mortgage instalment counts toward the transaction total, so a S$3,000 instalment plus S$5,000 salary plus S$500 spend already clears S$8,500. Nothing else needs to change.

Freelancer, student, retiree, no payroll credit

GXS. 1.08% in Saving Pockets up to S$95,000 and 1.75% on a 12-month Boost Pocket, no conditions, daily crediting on the pockets. DBS Multiplier does count CPF payouts and SRS withdrawals as income, so a retiree drawing CPF LIFE plus card spend can earn 1.80% there on S$50,000, which beats the GXS pocket rate but needs the spend.

Couple with S$150,000 who can split

Put S$100,000 at OCBC 360 (S$2,200) and S$50,000 in a GXS 12-month Boost Pocket (S$875) for S$3,075, which beats UOB One's S$2,850 on the full S$150,000 and keeps S$50,000 insured at a second bank. If one partner's salary cannot clear S$1,800, UOB One on that partner's S$1,600 salary plus spend is still 1.00% on S$75,000.

Emergency fund saver who refuses conditions

A GXS Main Account at 0.88% or Saving Pocket at 1.08% for the three months of expenses you might need tomorrow, and a Treasury bill or Singapore Savings Bond for the rest.

Which account should you actually open?

Best for a salaried saver up to S$100,000: OCBC 360 at 2.20% with Salary, Save and Spend, per the 1 August 2026 rates.

Best for a DBS mortgage household: DBS Multiplier at 2.40% to 2.50% with four categories.

Best with no salary credit: GXS at 1.08% on pockets or 1.75% on a 12-month Boost Pocket, per the 26 September 2026 rates.

Best at exactly S$150,000 with salary and spend: UOB One at 1.90%, and it is the only balance at which UOB wins.

Chasing the 4.70% or 4.10% headline: only if you would have bought the OCBC insurance or investment product anyway, or if S$30,000 of monthly transactions already flow through DBS. Otherwise the headline is a marketing number.

Where cashback via ShopBack fits

ShopBack does not list OCBC, UOB, DBS or GXS as cashback merchants in Singapore, so opening the account itself earns nothing and we claim nothing of the kind. Where cashback fits is the S$500 a month of card spend that OCBC 360, UOB One and DBS Multiplier each require. That spend has to happen on the bank's own card regardless; routing the online part of it through ShopBack adds a separate cashback layer from the merchant, paid by ShopBack, that has nothing to do with the bank's bonus interest.

The mechanism: open the ShopBack app or the Cashback Buddy extension first, tap through to a merchant such as Lazada, Shopee or Amazon Singapore, pay with the OCBC, UOB or DBS card the account asks for, and complete checkout in that session so tracking fires. The cashback shows as pending in ShopBack and confirms after the merchant's return window; a refund voids it. The rate on each merchant page on the day is what applies.

To be precise about what this is not: it is not a claim that ShopBack cashback stacks with the bank's card rewards or bonus interest in any coordinated way. The bank pays its interest on its conditions; the merchant pays cashback through ShopBack on the purchase. They happen to be triggered by the same S$500 of groceries and household spending, which is the only reason to mention them together.

FAQ

What are the OCBC 360 bonus interest conditions and rates in September 2026?

OCBC 360 pays a 0.05% a year base plus bonus interest per category on the first S$75,000 and the next S$25,000, with rates revised on 1 August 2026 per Beansprout's September 2026 listing. Salary: credit at least S$1,800 a month via GIRO, FAST or PayNow, 1.00% on the first S$75,000 and 2.00% on the next S$25,000. Save: raise your average daily balance by at least S$500 on the previous month, 0.50% and 1.10%. Spend: at least S$500 a month on eligible OCBC credit cards such as the OCBC 365, 0.25% on both bands. Insure and Invest: buy an eligible product, each 1.00% and 2.00% for 12 months. Grow: maintain a large average daily balance (S$250,000 on OCBC's page), 1.20% on both bands. Salary plus Save plus Spend on S$100,000 works out to 2.20% a year effective; all five categories to 4.70%.

How does the UOB One Account tier structure work after the 1 December 2025 revision?

UOB One has two qualifying paths, both requiring at least S$500 a month on an eligible UOB card (UOB One Card, Lady's Card, EVOL, Lazada-UOB, or the One, Lady's and FX+ debit cards). Path one adds a salary credit of at least S$1,600 via GIRO or PayNow; path two adds three GIRO debits a month. With spend plus salary the published tiers are 1.00% on the first S$75,000, 2.50% on the next S$50,000, 3.40% on the next S$25,000 and 0.05% above S$150,000, which UOB states as a maximum effective 1.90% a year on exactly S$150,000. With spend plus three GIRO debits the tiers are 1.00%, 2.00%, then 0.05%, a maximum effective 1.40% on S$125,000. Card spend alone pays 0.65% on the first S$75,000. These rates have applied since 1 December 2025 per UOB's own page.

How does DBS Multiplier count categories and what rate does each combination pay?

DBS Multiplier needs an income credit (salary, dividends, CPF payouts or SRS withdrawals) plus transactions in one or more of four categories: credit card or PayLah! retail spend, home loan instalment, insurance, and investments. The rate depends on how many categories you hit and the total monthly amount across them, per Beansprout's September 2026 table confirmed against DBS's own worked examples. Income plus one category pays 1.80% under S$15,000 of transactions, 1.90% from S$15,000 and 2.20% from S$30,000, on the first S$50,000 only. Income plus two pays 2.10%, 2.20% and 3.00% on the first S$100,000. Income plus three or more pays 2.40%, 2.50% and 4.10% on the first S$100,000. Balances above the cap earn the 0.05% base. The 4.10% headline needs S$30,000 of monthly transactions across income and three categories, which is a mortgage-and-investments household, not a salaried saver.

Is OCBC 360 better than UOB One for a S$100,000 balance with salary and card spend?

Yes, as of September 2026, and it is not close. OCBC 360 with Salary, Save and Spend pays 1.75% on the first S$75,000 and 3.35% on the next S$25,000 plus the 0.05% base, which is S$2,200 a year on S$100,000, an effective 2.20%. UOB One with spend plus salary pays 1.00% on the first S$75,000 and 2.50% on the next S$25,000, which is S$1,375 a year, an effective 1.375%. UOB One only reaches its 1.90% maximum at exactly S$150,000, and even then its S$2,850 a year is below OCBC 360's S$2,200 on S$100,000 plus 0.05% on the next S$50,000. The one case where UOB One wins is a saver who cannot meet OCBC's S$1,800 salary floor but can meet UOB's S$1,600.

Is GXS better than the bank accounts for someone with no salary credit?

For a no-conditions saver, yes. As of 26 September 2026 GXS pays 0.88% a year on its Main Account with no conditions, 1.08% on Saving Pockets (1.20% on a promotion) up to S$95,000 across up to eight pockets, and 1.75% on a 12-month Boost Pocket from S$500 with the bonus paid at maturity, per The Kopi Notes' September 2026 listing. The bank accounts with no salary credit pay 0.05% at OCBC 360 (unless you hit Save or Spend), 0.65% at UOB One on card spend alone, and 0.05% at DBS Multiplier, which requires an income credit for any bonus at all. A freelancer, student or retiree without a payroll credit gets more at GXS than at any of the three on an unconditioned balance, and GXS deposits are SDIC-insured to S$100,000 like the banks.

When do these accounts pay the interest and when do rate changes take effect?

OCBC 360, UOB One and DBS Multiplier credit interest monthly, calculated on the previous month's qualifying actions, so a salary that lands on the 28th counts for that month and the bonus shows up in the following month's statement. GXS credits Main Account and Saving Pocket interest daily and pays Boost Pocket bonus interest at maturity, with the base portion daily. Rate changes are announced in advance: UOB's current table took effect 1 December 2025, OCBC's on 1 August 2026, and GXS's latest on 26 September 2026. The pattern over 2025 and 2026 has been cuts following lower Singapore dollar interest rates, so the September 2026 figures here are a snapshot, not a floor.

When should I move money out of a bonus-interest account into T-bills or SSBs?

When the balance exceeds the bonus cap, or when you cannot meet the conditions. OCBC 360's bonus stops at S$100,000, DBS Multiplier's at S$100,000 (S$50,000 with one category), UOB One's at S$150,000, and GXS Saving Pockets at S$95,000; anything above earns 0.05% at the banks. Money above the cap, and any emergency fund you will not touch for six months, is better placed in a 6-month Treasury bill or a Singapore Savings Bond, or in a GXS 12-month Boost Pocket at 1.75% if you want it to stay inside a bank app. Keep inside the bonus account only what the tiers actually pay on.

Can I split my salary across two accounts to qualify for both OCBC 360 and UOB One?

Only if your salary clears both floors after the split, which means at least S$3,400 a month (S$1,800 to OCBC and S$1,600 to UOB), and only if your employer's payroll system supports two crediting accounts, which many do not. The cleaner version is to credit the full salary to one account and then set up a monthly GIRO or PayNow transfer to the other; OCBC and UOB both accept PayNow credits as salary where the transaction is tagged as salary, and UOB's second path (three GIRO debits) can be met from an account that receives no salary at all. Doing this for two accounts also doubles the card-spend condition to S$1,000 a month, which is where the maths stops working for most households.

Does the card spend for the bonus have to be on the bank's own card, and can I use a debit card?

Yes to the bank's own card, and it varies on debit. UOB One accepts both credit (UOB One Card, Lady's Card, EVOL, Lazada-UOB) and debit (One Debit Visa or Mastercard, Lady's Debit, FX+ Debit) for the S$500. OCBC 360's Spend category requires eligible OCBC credit cards. DBS Multiplier counts DBS and POSB credit card retail spend plus PayLah! and TravelLah! debit retail payments, but transfers to friends through PayLah! do not count. Spend on another bank's card never counts toward any of the three.

What happens to my bonus interest in a month when I am between jobs?

The salary-linked bonus drops to zero for that month at all three banks, because the condition is checked monthly, and at DBS Multiplier every bonus drops to the 0.05% base because the income credit is mandatory. OCBC 360 is the kindest: Save (raise the balance by S$500) and Spend (S$500 on an OCBC card) still pay 0.75% on the first S$75,000 with no salary, and an Insure or Invest purchase made in the previous 12 months keeps paying. UOB One's three-GIRO-debit path keeps 1.00% on the first S$75,000 if you keep the card spend going. GXS pays the same whether you are employed or not. If a gap is coming, pre-fund a GXS Boost Pocket or shift the balance to OCBC 360 before the last salary lands.

Key takeaways

• As of September 2026, OCBC 360 pays 2.20% effective on S$100,000 with Salary (S$1,800), Save (balance up S$500) and Spend (S$500 on an OCBC card), S$2,200 a year, per rates effective 1 August 2026.
• UOB One pays 1.375% on S$100,000 and reaches its 1.90% maximum only at exactly S$150,000 with S$500 spend and S$1,600 salary, per rates effective 1 December 2025.
• DBS Multiplier pays 2.40% on S$100,000 with income plus three categories under S$15,000 of monthly transactions; the 4.10% headline needs S$30,000 a month.
• GXS pays 0.88% with no conditions, 1.08% on Saving Pockets to S$95,000 and 1.75% on a 12-month Boost Pocket, per 26 September 2026 rates, and wins for anyone without a salary credit.
• Balance above each cap (S$100,000 at OCBC and DBS, S$150,000 at UOB, S$95,000 at GXS pockets) earns 0.05% at the banks and belongs in T-bills, SSBs or a Boost Pocket.
• The S$500 monthly card spend three accounts require is where cashback via ShopBack fits, as a separate merchant-paid layer on online purchases, not as part of the bank's bonus.

Earn cashback via ShopBack on the everyday card spend your savings account asks for Takes 2 minutes to sign up. No promo codes needed.

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About this article

UOB One tiers and conditions are from UOB's One Account page (rates effective 1 December 2025). DBS Multiplier tiers are from Beansprout's September 2026 review, checked against the worked examples on DBS's own Multiplier page. OCBC 360 rates are from Beansprout's and Syfe's September 2026 listings (effective 1 August 2026) and conditions from OCBC's 360 Account page. GXS rates are from The Kopi Notes' 26 September 2026 listing. Effective yields are arithmetic on those tables with conditions met every month for a year. ShopBack receives a commission when readers complete a purchase through a cashback link. This commission does not vary by editorial coverage.

The views expressed are those of the author, for informational purposes only, and not professional advice.

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