Business Account
Grow and protect your business funds with an account that offers competitive returns and convenient online management.
Enquire nowFeatures and Benefits
Earn interest and have instant access to your funds for your business needs
Low Minimum Deposit
Initial deposit is $2,000.00
Attractive Interest Rates
Earn more on your savings with our competitive rates
Online Banking
Instant access and management of your funds with SFL iBIZ digital banking features
Interest rates
Enquire now| Credit Balance | Interest rate (%) p.a |
|---|---|
| All credit balance | 0.68% p.a. |
Interest rates effective from 01 August 2023.
Interest rates quoted are subject to change at any time without prior notice. Terms and conditions apply.
Eligibility
Who can apply?
Singapore registered:
- Sole Proprietor
- Partnership
- Limited Liability Partnership (LLP)
- Incorporate Companies
- Charities
- Societies
- Associations
- MCST
How to apply
Schedule an appointment with any of our Customer Centres or Relationship Managers to open the account.
Fees & charges
Cash deposit charge
Free for the first $25,000.00. An additional $5.00 is charged for every subsequent $5,000.00 or part thereof on amounts above $25,000.00.
Coin deposit charge
Free for the first 25 coins. A $2.00 charge applies for every subsequent 100 coins or part thereof.
Fall Below Fee
$35.00 per month, applicable if the average daily balance¹ for the month falls below $2,000.00.
Monthly Account Fee
$5.00 per month.
Early Account Closure Fee
$50.00, applicable if the account is closed within 6 months of opening.
Statement of Account
Free for the current and immediate past year.
Statement of Account (past years)
$50.00 flat fee.
Audit Confirmation
$50.00 per account, capped at $200.00.
¹ Average Daily Balance is calculated by adding total amount of daily balance in the account divided by total number of days in the month.
Others
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law.
Please refer to SFL List Of Insured Deposits for a list of SFL accounts that are covered under the Scheme.
Please refer to for more information and to download