Interest rate calculators help consumers and businesses understand potential savings or loan costs. This guide explains how to use banking calculators in Singapore.



Banks in Singapore provide a variety of calculators online, including savings interest calculators, mortgage repayment estimators, and loan affordability tools.

Using them correctly requires:

  • Inputting accurate deposit or loan amounts
  • Understanding effective interest rates (EIR) vs nominal rates
  • Factoring in additional fees or charges

For example, a savings account may advertise 3% interest, but actual returns depend on conditions like salary credit or minimum balances. Calculators simplify these comparisons and help clients make informed decisions.

Singapore bank interest rate calculator, savings account interest calculator, loan calculator

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Sophia Tan

About the Author

Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.