What’s the best rate for your USD savings in Singapore in 2025?

In this market overview, we’ll highlight some of the best USD lower-risk savings and investment options in Singapore for your spare cash, beyond just the traditional bank accounts. While standard USD savings accounts often come with low yields or restrictive conditions, several alternatives offer better rates without significantly increasing your risk.

Best places for your spare USD in Singapore

The table compares projected returns on a US $20,000 balance across popular USD cash-management accounts and fixed deposits. All rates are quoted per annum (p.a.) and accurate as of our latest update on June 2025.

Why consider saving/investing in USD?

• Diversification: Holding part of your emergency or opportunistic cash in USD reduces over-exposure to a single currency, adding resilience to your portfolio.
  
  
• Higher yield opportunities: Even after the Fed’s gradual easing path in 2025, USD deposit rates remain noticeably higher than mainstream SGD equivalents. For many, earning 4%+ p.a. in USD today beats sub-3 % SGD promos.
  
  
• Hedge against SGD weakness: If the Singapore dollar softens against the greenback, your USD balance appreciates in SGD terms—providing a buffer against local-currency weakness.

And if you haven’t already got a Chocolate Finance account, now’s the time. With competitive rates, no lock-ins, and daily returns, you can start making the most of both your SGD and USD — all in one place.  

Chocolate Finance Top-Up Programme

Need a reminder: The Top-Up Programme is a promotional incentive. It's been put in place to support the returns on your first S$50k (currently 3% p.a. on your first S$20k and 2.7% p.a. on your next S$30k) and your first US$50k (currently 4.3% p.a. on your first US$20k and 4% p.a. on your next US$30k) during the Qualifying Period. This means, if for some reason, the portfolio underperforms, the difference will be topped up so you enjoy the current rate.

The Qualifying Period runs from now until 30th September 2025, or until the assets under management for the Chocolate Managed Account reach S$1 billion—whichever comes first. Chocolate may, at its discretion, choose to extend or remove the Top-Up Programme.

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Disclaimer:

Chocolate Finance is a brand of Chocfin Pte Ltd (UEN 202347190R). Chocfin Pte Ltd is licensed and regulated  by the Monetary Authority of Singapore. The views and opinions expressed on this post are solely those of the original authors and contributors as of the date of this post and are subject to change based on market and other conditions. This is for information only and does not constitute an offer or solicitation to buy or sell any of the investments mentioned. Neither Chocfin Pte. Ltd. (“Chocfin”) nor any officer or employee of Chocfin accepts any liability whatsoever for any loss arising from any use of this blog or its contents.

Please note that Chocfin does not guarantee the accuracy, relevance, timeliness, or completeness of the information provided on this post. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them. This post was prepared without regard to your specific investment objectives, financial situation, accounting or tax needs and does not constitute advice. Before applying you should consider carefully whether the product/service is suitable for you.

The  3% p.a. return on the first S$20k and 2.7% p.a. returns on the next S$30k provided by Chocolate FInance are currently supported by a promotional 'Top-Up Programme', valid during the Qualifying Period and subject to T&C’s. Returns are calculated on a compounded basis. Past performance is not indicative of future results. Terms and conditions apply. Please refer to our full disclaimer at www.chocolatefinance.com/#risk-and-disclaimer.

All investments involve risk, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. This advertisement has not been reviewed by the Monetary Authority of Singapore.