Best Priority Banking Accounts and Benefits in Singapore (2025)

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By Beansprout • 28 Jul 2025

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Get the latest information on the best priority banking accounts in Singapore with this comprehensive guide. Find out how you can earn the most attractive rewards as a priority banking client.

best priority banking account singapore 2025
In this article
  • Priority banking accounts offer attractive benefits to customers such as sign-up rewards, preferential interest rates, and additional rewards for purchase of investment or insurance products.
  • For example, DBS Treasures is offering a S$6,500 sign up bonus for deposits of at least S$1 million, and Standard Chartered Priority Banking is offering a S$5,000 sign up bonus for funding of S$3 million.
  • Citigold is offering a promotional interest rate of up to 2.00% p.a on a 3-month SGD fixed deposit, while HSBC Premier is offering a promotional interest rate up to 3.85% p.a. on 3-month USD fixed deposit of at least USD$30,000 as of 28 July 2025.

Ever wondered what it takes to be a priority banking customer in Singapore?

Offered by most banks in Singapore, priority banking programmes are designed for individuals with significant wealth, think larger deposits, bigger investments, and higher transaction volumes. 

In return, you get a suite of premium services, from dedicated relationship managers to personalised wealth solutions.

To qualify, you’ll typically need to maintain a minimum amount with the bank. 

This can include cash in your savings account, investments in shares or bonds, or a mix of other assets. 

The entry point is anywhere from S$200,000 to S$350,000, depending on the bank you choose.

So how do the different banks stack up, and which one offers the best value? We break down the top priority banking programmes in Singapore to help you find the right fit.

What is Priority Banking? 

In Singapore, most banks segment their customers into three tiers: Personal Banking, Priority Banking, and Private Banking. 

When you opt for priority banking, you're essentially enrolling as an esteemed VIP within the bank's clientele. This tier gives customers with larger deposits or investments a more personalised banking experience. 

With Priority Banking, you could also enjoy a range of exclusive perks: higher interest rates on your deposits, preferential foreign exchange rates, a dedicated relationship manager to support your financial goals, access to curated wealth products, and even fee waivers on services like fall-below fees.

How to qualify for Priority Banking? 

Every bank has its own brand for its Priority Banking customers. For instance, DBS brands it as DBS Treasures. 

The same Priority Banking status at Citibank is known as Citigold. 

Since every bank has its own modus operandi, the way to qualify for Priority Banking is also different. 

In general, if you want to be a Priority Banking customer, then you better be prepared to have at least S$200,000 of Total Relationship Balance (TRB) with the bank.

To break the technical jargon for you, TRB just refers to the total assets under your name with the bank. 

These assets generally refer to liquid assets such as cash, investments, or insurance. 

Therefore, in case you are wondering who has S$200,000 cash lying in the bank, the S$200,000 can be a mixture of cash, investments, and insurance.

What are the advantages of Priority Banking?

#1 - Preferential rates

Priority Banking customers enjoy a preferential rate when it comes to savings accounts and fixed deposits. 

After all, the bank doesn’t want you to stop banking with them. 

Thus, they will offer you preferential rates to keep your money within the bank.

Some banks also offer better-than-market rates on mortgages. 

If you have a mortgage to service, you might want to put it under your Priority Banking account.

#2 - Access to relationship manager

As a Priority Banking customer of the bank, you will get your own banker or relationship manager to help you manage your wealth. 

If you have questions about your transactions or accounts, they are there to help you too.

In addition, you may gain access to a wider suite of wealth management products, especially if you were to sign up as an accredited investor. 

#3 - Convenience 

Since you are a Priority Banking customer, you get priority for any banking service done at the counter. 

There are also branches opened specifically to serve the Priority Banking customers that only Priority Banking customers can enter.

Best Priority Banking Accounts and Benefits in Singapore 

There are many priority banking accounts in Singapore, and not all priority banking accounts are designed the same way. 

The majority of them offer some form of wealth management services, often with attractive perks dangled in front of you, such as an eye-watering sign up promotion.

Since every bank has its own Priority Banking, we thought it will be useful to compile a list of all the Priority Banking accounts and how to qualify for one. 

While there may be other qualifying criteria, most banks require you to have at least S$200K (or more) of TRB with them.

Priority Banking ProgrammeTotal Relationship Balance (TRB)Other Qualifying Criteria
CIMB PreferredS$250KOr at least S$1 million mortgage with CIMB
CitigoldS$250K-
DBS TreasuresS$350K  -
HSBC PremierS$200K Or at least S$1 million mortgage with HSBC
Maybank PremierS$300K  -
OCBC PremierS$350K  -
Standard Chartered PriorityS$200K  Or at least S$1.5 million in mortgage with Standard Chartered
UOB PrivilegeS$350K  -
Source: Company websites as of 22 July 2025

Citigold

Citigold is Citibank’s priority banking program catering to those who would like wealth planning and investments services.

For example, Citigold members can enjoy personalised wealth solutions and tools, preferential interest rates on deposits, receive financial advice and global insights from their team, in addition to a dedicated relationship manager who'll provide wealth advisory.

In addition, Citigold customers get to enjoy Citi’s wide array of lifestyle and dining benefits with Citigold Debit Mastercard such as Complimentary access to Global Blue Airport Fast Lanes and Global Blue City VIP Lounges, or Mastercard golf course access. Citigold requires a minimum AUM of S$250K.

DBS Treasures

DBS Treasure’s is DBS’ priority banking program with great card perks and lifestyle benefits, in addition to traditional wealth management services.

DBS Treasures members can sign up for the DBS Treasures Visa Debit Card which earns up to 4% cashback on online food delivery, local transport and in foreign currency transactions, and ATM fee waivers on your cash withdrawal overseas. 

DBS Treasures also gives members access to DBS relationship managers and their suite of investment services, including a suite of sophisticated solutions to grow, protect and pass on your wealth. A minimum of S$350K and you can also sign up as as an Accredited Investor. 

HSBC Premier

HSBC Premier is HSBC’s priority banking program with a focus on wealth planning too. 

Members can gain access to HSBC’s relationship managers and receive personalised wealth management solutions, including legacy planning and tax advisory solutions.

One unique aspect about HSBC’s priority banking program is the ability to extend your priority benefits to your family members like your spouse and up to three children with no additional funding required. 

In addition to the wealth planning benefits, they get to enjoy global banking privileges such as bank accounts in over 50+ destinations, and global fee-free money transfers. 

HSBC Premier requires a minimum AUM of S$200K.

Standard Chartered Priority Banking

Standard Chartered’s priority banking offers a good mix of investments, savings, and lifestyle benefits in addition to the wealth management solutions typically available for priority banking programs.

With their priority banking, you can sign up for Standard Chartered’s Wealth$aver account and earn up to 4.0% annual interest, enjoy seamless global banking across over 30 markets in Asia, Africa and in the Middle East and link all of them in one view, enjoy preferential rates on their online equities platform and receive special waivers on selected fees and charges. 

You can also participate in their 360° Rewards program and earn rewards points on card spending and product holdings, including mortgage, selected investments, deposits and online transactions.

For those who sign up for the Priority Banking Beyond Credit Card, you can also gain exclusive priority access and reservations at over 1,000 of the world’s finest dining venues. 

UOB Privilege Banking

UOB Privilege Banking is UOB’s offering in this segment of the market, offering plenty of perks and benefits from travel, dining and lifestyle, to education and wellness.

UOB Privilege Banking members can also sign up for the UOB Privilege Banking card, which gives 2 air miles per dollar on overseas dining and retail.

UOB also has quite the repository of perks in the dining and lifestyle segment. 

For example, UOB frequently offers dining benefits such as up to 20% off dining bill at selected restaurants in Pan Pacific and PARKROYAL hotels in Singapore, The Fullerton Hotels Singapore, and more. 

Making it a popular choice among those looking for a well-rounded experience. 

For those interested, a minimum AUM of S$350K is needed to bank with UOB Privilege Banking.

CIMB Preferred Banking

CIMB Preferred Banking offers its customers a wide range of wealth management solutions that are supported by a variety of insurance and investment companies. 

You can receive Wealth Management advice and recommendations from a dedicated Relationship Manager, supported by a team of specialists.

Furthermore, the CIMB Preferred Family Banking programme enables your family members to enjoy the same exclusive benefits. 

You can also get instantaneous funds transfer between Singapore and Malaysia. 

Lastly, you can enjoy attractive interest rates of up to 2.80% p.a. without multiple conditions with a CIMB StarSaver account. 

To qualify for CIMB Preferred, you need a TRB of S$250,000 or at least S$1 million mortgage with CIMB. 

Best Priority Banking Accounts with Most Attractive Sign-up Rewards 

While choosing a priority banking program often is a matter of personal preferences, many offer attractive sign up bonuses for signing up and depositing your initial capital to begin a priority relationship with them.

The reward varies according to your deposit tier:

Priority Banking ProgrammeSign-up Rewards
CIMB Preferred Banking
  • S$800 cash gift for deposits of at least S$250K
Citigold
  • S$460 of fresh fund rewards for deposit of ≥ S$300K
  • S$1,160 of fresh fund rewards for deposit of ≥ S$500K
  • S$2,260 of fresh fund rewards for deposit of ≥ S$800K
  • S$4,660 of fresh fund rewards for deposit of ≥ S$1.5M
  • S$11,660 of fresh fund rewards for deposit of ≥ S$3M
DBS Treasures
  • S$1,000 cash gift for deposits of at least S$350K
  • S$2,500 cash gift for deposits of at least S$500K
  • S$6,500 cash gift for deposits of at least S$1M
  • Get additional S$1,000 if you opt in as an Accredited Investor
HSBC Premier
  • To get S$350 cash credit: Sign up for HSBC Premier and deposit at least S$200K and complete a Risk Profiling Questionnaire.
  • To get S$7,000 cash credit: Sign up for HSBC Premier with Premier Elite service and deposit at least S$1.2M, complete a Risk Profiling Questionnaire and be an existing accredited investor/opt-in to be an accredited investor.
Maybank Premier
  • S$200 cash credit for minimum purchase of S$50K to <S$100,000 in Eligible Investments
  • S$500 cash credit for minimum purchase of S$100K  to <S$200,000 in Eligible Investments
  • S$1,000 cash credit for minimum purchase of $200K to <S$300,000 in Eligible Investments
  • S$1,800 cash credit for minimum purchase of S$300K in Eligible Investments
OCBC Premier
  • Earn a cash reward of S$800  when you deposit S$350,000  in your Premier Dividend+ Savings Account.
Standard Chartered Priority
  • S$600 cash reward for deposits of S$200K to < S$1M
  • S$3,750 cash reward for deposits of S$1.5M + consents to be treated as an Accredited Investor
  • S$5,000 cash reward for deposits of minimum S$3M + sign up as a Priority Private client and consent to be treated as an Accredited Investor
UOB PrivilegeN.A.
Source: Company websites as of 28 July 2025

Best Priority Banking Accounts with Highest Fixed Deposit Rates

Some banks may also offer priority banking customers a higher interest rate for fixed deposit accounts.

For example, Citigold offers priority banking clients a promotional interest rate of up to 2.20% per annum on a 3-month Singapore fixed deposit with a minimum of S$10,000 of fresh funds.

This is above the fixed deposit rate of up to 1.80% per annum offered to non-priority banking customers. 

However, keep in mind that this preferential time deposit offer from Citi is applicable only if you opt not to take up their welcome cash offer. 

You can find out how these fixed deposit rates compare to the best fixed deposit rates in Singapore here.

Priority Banking AccountPreferential Fixed Deposit Interest Rate
Citigold
  • 2.00% p.a. on 3-month SGD fixed deposit (S$10K to 
    < S$5M)
  • 2.10% p.a. on 3-month SGD fixed deposit (S$10K to 
    < S$5M) for Eligible Accredited Investor customers
  • 1.90% p.a. on 6-month SGD fixed deposit (S$10K to 
    < S$5M)
  • 2.00% p.a. on 6-month SGD fixed deposit (S$10K to 
    < S$5M) for eligible Accredited Investor customers
CIMB Preferred Banking
  • 1.70% p.a. on 3-month SGD fixed deposit (> S$10K)
  • 1.60% p.a on 6-month SGD fixed deposit (>S$10K)
HSBC Premier Banking
  • Up to 1.60 p.a. on 3-month SGD fixed deposit (>S$30K)
  • Up to 1.50% p.a on 6-month SGD fixed deposit (>S$30K)
  • Up to 1.35% p.a.. on 1 year SGD fixed deposit (>S$30K)
Standard Chartered Priority 
  • 1.50% p.a. on 6-month SGD fixed deposit (> S$25K)
Source: Company websites as of 22 July 2025

Best Priority Banking Accounts with Highest Preferential Interest Rates on Savings Accounts

Banks may offer priority banking customers a higher interest rate for savings accounts.

For example, HSBC offers priority banking customers an additional 1% p.a. bonus interest on rising Singapore dollar Average Daily Balance in Everyday Global Account, up to S$300 each month. 

Priority Banking ProgrammeSavings Account Preferential Interest Rate
CIMB Preferred

Enjoy 2.80% p.a. interest rate with your newly opened CIMB StarSaver (Savings)/ StarSaver (Savings)-i Account when you make an initial deposit of more than S$250K

Citigold

Earn up to 7.51% p.a. bonus interest on your Citi Wealth First Account:

  • Base 0.01% p.a.
  • Bonus 1.5% p.a. when you purchase a new insurance policy of S$50,000 in Single Premium(s)
  • Bonus 1.5% p.a. when you spend a total of S$250 within a month using one or more eligible Citibank Debit Cards
  • Bonus 1.5% p.a. when you increase in your account's average daily balance from previous month's average daily balance by at least S$3,000
  • Bonus 1.5% p.a. when you take up a home loan of S$500K
  • Bonus 1.5% p.a. when you purchase Unit Trust, Structured Loan, Bonds investment of S$50K
HSBC Premier

Prevailing interest rate of 0.05% p.a. 

  • 2.60% p.a. welcome interest on the SGD Deposit Average Daily Balance for 3 months, starting from the next month after the account is opened
  • 4.10% p.a. welcome interest on the USD Deposit Average Daily Balance for 3 months, starting from the next month after the account is opened
  • Additional 1.00% p.a. when you qualify for the HSBC Everyday+ Rewards Programme
Maybank PremierEnjoy up to a 7% p.a. interest on the first $150K in your MayBank SaveUp Savings Account.
OCBC PremierUnder Premier Dividend+ Savings Account, earn interest of up to 2.50% a year (an additional 0.15% a year) when you deposit at least $8,000 monthly in your account a month – for 12 months – and make no withdrawals at all
Standard Chartered Priority Up to 4.00% p.a. interest with Wealth $aver on your first S$1mil deposit balance
UOB Privilege Banking Earn up to 2.05% p.a. interest rate for 3 months on your incremental fresh funds balance when you deposit a minimum of S$350K in fresh funds into your existing or new Privilege Account.
Company websites as of 22 July 2025

Best Priority Banking Accounts with additional rewards for spend/invest/insure

If you're aiming to enhance your wealth through the bank's wealth and insurance options, it's essential to identify which banks offer the best value for your investment.

We've compared priority banking deals that offer rewards for expanding your portfolio within the bank. With everyone having different preferences, you can choose the option that suits you best.

Among the banks compared, only Citi, DBS, HSBC, Maybank and Standard Chartered provide extra rewards to customers who engage in spending, borrowing, and investing/insuring with them.

Priority Banking ProgrammeAdditional rewards
CitigoldS$250 cash reward for every S$50k of investments/insurance purchased accumulated within the Welcome Period, capped at $1.5mil on the Eligible Amount.
DBS TreasuresGet up to S$8,000 in digiPortfolio investments for the first Unit Trust trade via DBS Online Funds Investing platform
Maybank Premier
  • S$200 cash credit for purchase of S$50,000 to <S$100,000 in Eligible Investments
  • S$500 cash credit purchase of S$100,000 to <S$200,000 in Eligible Investments
  • S$1,000 cash credit for purchase of S$200,000 to <S$300,000 in Eligible Investments
  • S$1,800 cash credit for minimum purchase of S$300K in Eligible Investments
HSBC Premier
  • Up to S$2,000 cash credit rewards when you purchase eligible wealth products (Valid for new HSBC Premier customers)
  • Up to S$6,000 cash credit rewards when you purchase eligible wealth and / or insurance products.
Standard Chartered Priority S$100 cash reward for every S$50K (or equivalent in foreign currencies) investment purchased in Eligible Unit Trust, offered by the Bank in a single day. Capped at $6,000.
Company websites as of 22 July 2025

Next, let's look at the rewards for spend and borrow categories with the bank.

HSBC seems to offer the sweetest deals for new priority banking customers:

  • Best priority banking deal for credit card spend: HSBC Premier
  • Best priority banking deal for a mortgage loan: Citigold
Priority Banking ProgrammeSpend (Credit card rewards)Borrow (Home mortgage loan)
CitigoldS$100 cash reward when you hold a valid primary/main card of any Citi Credit Card within the period of Enrolment Month till the end of the Welcome Period.S$1,000 cash reward when you successfully apply for and accept an offer for a New Housing Loan of minimum S$800K from Citi.
HSBC Premier
  • Get 1% cashback (capped at S$300) when you spend on your HSBC Everyday Global Debit Card, as well as make a GIRO bill payment from your Everyday Global Account.
  • Get 1% p.a. bonus interest on incremental Average Daily Balance on your Everyday Global Account (capped at S$300) each month
  • Get cash reward of S$150 for maintaining an average balance of S$100K for 6 consecutive months from the time you sign up
N.A.
Company websites as of 22 July 2025

What is the difference between Priority Banking and Private Banking?

While both Priority Banking and Private Banking are considered VIPs by the banks, Private Banking is a tier higher than Priority Banking. 

To qualify, you will need to have assets in the range of millions. Similar to Priority Banking, the asset needs to be liquid and investable. So if you are thinking about using your million dollar HDB flat as part of the $1 million, that doesn’t quite qualify in most cases.

What should you consider when selecting a Priority Banking account?

Qualifying requirements

To have more than $200,000 of investable assets is a tall ask for many of us. 

Therefore, if you are really keen on getting your hands on a Priority Banking account, the fastest way is to find the one that has the lowest barrier to entry. 

For instance, if you are already planning to invest in a condo and need mortgage financing of at least $1,000,000, then HSBC Premier and CIMB Preferred both would let you enter into the Priority Banking world with that alone.

Perks and privileges

Importantly, what’s the point of being a Priority Banking customer without getting some perks and/or privileges? 

If you don’t get some good perks out of a Priority Banking account, then there really isn’t any point for you to get locked-in with the bank right?

What would Beansprout do?

If you are seeking preferential treatment such as preferential interest rates on deposits or loan, priority queues and a dedicated relationship manager to speak to, starting a priority banking relationship can bring one closer to their financial goals.

We would consider the qualification requirements as well as perks and privileges when deciding which priority banking account to open.

If you are looking for the best priority banking account with the best sign-up bonus for deposits below S$1 million, consider DBS Treasures as it offers up to S$2,500 cash. 

For deposits S$1 million and above , DBS Treasures offers a $6,500 sign-up bonus of at least S$1 million while Standard Chartered Priority Banking offers a $5,000 sign-up bonus of at least $3 million deposited. 

If you are looking for the best priority banking account with a higher fixed deposit rate compared to non-priority banking customers, Citigold offers up to 2.00% p.a. on a 3-month SGD fixed deposit with a minimum of S$10,000.

If you are looking for the best priority banking account with eligible wealth products, HSBC Premier appears to offer the best rewards.  

Find out how you can also gain access to a wider range of investment products by qualifying as an accredited investor.

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Comments

1 comments


  • Kow Yew San • 24 Jul 2025 03:17 AM