Best Priority Banking Accounts in Singapore (2025)
updated: May 19, 2025
Comparing the best Priority Bank accounts
DBS Treasures
DBS Treasures
| Min. Assets Under Management | From S$ 350,000.00 |
|---|---|
| Base Annual Interest Rate | 0.05% |
| Max. Annual Interest Rate | 0.05% |
product_details
- Welcome GIft
S$6,500-15,500 cash*
*T&Cs apply - Key Perks
Priority services, exclusive invitations, handpicked deals
UOB Privilege Banking
UOB Privilege Banking
| Min. Assets Under Management | From S$ 350,000.00 |
|---|---|
| Base Annual Interest Rate | 0.05% |
| Max. Annual Interest Rate | 0.05% |
product_details
- Welcome Gift
N/A - Key Perks
UOB medical concierge, education advisory, lifestyle concierge, travel concierge
OCBC Premier Banking
OCBC Premier Banking
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| Min. Assets Under Management | From S$ 200,000.00 |
|---|---|
| Base Annual Interest Rate | 0.05% |
| Max. Annual Interest Rate | 0.05% |
product_details
- Welcome Gift
S$11,125 cash* *T&Cs apply - Key Perks
Exclusive credit cards, OCBC Wealth Panel expert insights, priority service, overseas remittance in 19 currencies (0 cable and commission fees)
HSBC Premier
HSBC Everyday Global Account (Premier)
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| Min. Assets Under Management | From S$ 300,000.00 |
|---|---|
| Base Annual Interest Rate | 0.05% |
| Max. Annual Interest Rate | Up to 4% |
product_details
- Welcome Gift
S$27,800 cash rewards and 4.25% p.a. interest - Key Perks
Healthcare & life protection benefits, travel privileges, multi-currency banking, access to Relationship Managers and wealth experts
Citibank Citigold
Citigold (Time Limited Offer of Up to S$2,400 Cash)
on_provider_website
| Min. Assets Under Management | From S$ 300,000.00 |
|---|---|
| Base Annual Interest Rate | 0.01% |
| Max. Annual Interest Rate | 7.51% |
| REWARDS | |
| |
product_details
- Welcome Gift
S$8,300 cash - Key Perks
E-brokerage services, fixed deposit preferential rates, card fee waivers, holistic wealth advisory
Standard Chartered Priority Banking
Standard Chartered Priority Banking
on_provider_website
| Min. Assets Under Management | From S$ 200,000.00 |
|---|---|
| Base Annual Interest Rate | 0.05% |
| Max. Annual Interest Rate | 7.68% |
product_details
- Welcome Gift
S$37,025 in welcome gifts - Key Perks
Wealth management, international banking, priority exclusives, lifestyle privileges
CIMB Preferred
CIMB Preferred
on_provider_website
| Min. Assets Under Management | From S$ 250,000.00 |
|---|---|
| Base Annual Interest Rate | 1.5% |
| Max. Annual Interest Rate | 3.5% |
product_details
- Welcome Gift
2.8% p.a. interest and S$800 in welcome gifts - Key Perks
Priority treatment, exclusive events, preferential rates, waiver of service charges, borderless banking with Malaysia
Who Should Consider Priority Banking?
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Professionals with more than S$200,000 in annual income.
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Retirees with significant investable assets of $250,000 or more.
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Parents with intergenerational wealth planning needs.
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Frequent flyers who want exclusive travel privileges, including international banking and airport limousine rides.
What are the benefits and services provided by Priority Banking?
Priority Banking providers in Singapore offer a wide range of exclusive benefits and privileges that vary across specific banks and the package offered. In general, here are some of the benefits that you can expect.
Personalised financial services
A dedicated relationship manager will often be allocated to you as a single point of contact for all your banking needs. Your relationship manager will provide you with customised financial solutions and advice tailored for your risk appetite and goals.
Exclusive wealth management services
As a Priority Banking client, you will also have access to exclusive wealth management services and investment products, such as portfolio management, investment advice, and more.
Preferential rates and charges
You may be eligible for exclusive rates and fees on banking products, including fixed deposits, loans, credit cards, and savings accounts.
Receive priority service
Gain access to priority queues, exclusive lounges, and other banking facilities.
Get exclusive offers and discounts
Be entitled to exclusive discounts on lifestyle products and services, as well as travel, shopping, entertainment, and dining offers.
Enjoy enhanced security features
Get enhanced security features, such as access to fraud protection services, secure banking applications, and higher transaction limits.
Get global access to services
Gain access to a global network of partner ATMs and banks and enjoy the convenience of banking on the go or abroad.
What are the eligibility criteria for Priority Banking?
The eligibility criteria for Priority Banking in Singapore vary across banks in Singapore. Be sure to find out the eligibility from each bank to know if you meet the requirements. Here are some of the common qualifying criteria:
Minimum investment/deposit amount
Compared to regular banking services, Priority Banking requires a higher investment or deposit amount. The qualifying amount varies and does not have to only be in cash, and can usually be a mix of insurance, cash, and investment products with the bank. This mix of financial assets is often referred to as Assets Under Management (AUM) of Total Relationship Balance (TRB). Depending on your bank of choice, you can expect an AUM or TRB between S$200,000 to S$1,000,000.
Annual income
Priority Banking also often requires a higher income level for individuals to be eligible. The minimum annual income requirement varies but usually starts from S$120,000 or more.
Age
Some banks may impose age restrictions to qualify for priority banking. For example, only allowing individuals 21 years old and above to be eligible for Priority Banking services.
Citizenship status
Some banks may only limit priority banking services to Singaporeans or permanent residents, although foreign nationals who meet specific criteria may be eligible for priority banking services with some banks.
Creditworthiness
Creditworthiness, including credit history, credit score, and debt-to-income ratio, may be factors affecting your eligibility for priority banking services.
Existing relationship with bank
Customers who maintain a good relationship with their bank, such as actively banking with them, and maintaining a long-term account or investment, may stand better chances of being eligible for Priority Banking.
>> More: Priority or Private Banking: Which one is right for you?
Pros and cons of Priority Banking
Priority Banking vs Private Banking
| Priority Banking | Private Banking |
| Min TRB: S$200K–S$350K | Min TRB: S$1M+ |
| Mass affluent tier | Ultra-high-net-worth individuals (UHNWIs) |
| Relationship managers | Dedicated private bankers and teams |
| Retail products + some exclusives | Tailored investment mandates, Discretionary Portfolio Management (DPM) |
How to choose the best Priority Banking programme?
To choose the best priority banking, you will need to carefully consider your financial needs and goals, as well as evaluate the services and benefits of the different banks. Here are some key consideration factors to help you make an informed decision:
Minimum investment or balance requirements
Banks will differ in their required minimum investment or balance requirements for Priority Banking. Take into account your present financial capacity and whether you qualify for the minimum requirement for each bank.
Range of services provided
Evaluate the range of services provided by the different providers. Look for a Priority Banking service that provides a range of services which meets your financial needs and goals.
Find out fees and charges
Different banks have varying fees and charges associated with the use of their services. Research fees charged by various banks to evaluate if their services and products are cost-effective and value for money.
Level of personalised service provided
Understand the level of personalised service offered by each bank, such as the availability and access to a dedicated relationship manager, access to exclusive events, and customised financial solutions.
Do some research on the bank’s reputation
Find out the reputation of each bank to know if they have built a high level of trust with their customers. Research their credit rating, performance, and read customer reviews.
Network and accessibility of services
Evaluate the bank's accessibility and network as this directly relates to the convenience of utilising their services. Consider the availability of ATMs, bank branches, the user experience of online banking services and mobile banking applications.
Look for additional benefits and privileges
Look for additional privileges provided by each bank. Take advantage of any preferential rates, fees, offers, and discounts.
Frequently asked questions about the best Priority Banking programmes
What is included in Total Relationship Balance (TRB)?
You might notice the term Total Relationship Balance (TRB) being thrown around by banks to refer to Assets Under Management (AUM). The two are interchangeable and refer to the total sum of assets an individual has parked in their bank. These assets can be a combination of cash, insurance and investment products. For example, Standard Chartered Priority Banking offers favourable interest rates to customers who open a Bonus$aver, Wealth$saver or fixed deposit account.
What happens if my TRB falls below the requirement?
Maintaining a Total Relationship Balance (TRB) of a certain sum in investments, insurance or deposits is required for Priority Banking accounts. Both DBS Treasures and HSBC Premier charges customers whose TRBs fall below the threshold $50 on a monthly basis. HSBC Premier customers who have failed to meet their TRB continuously for 12 months may have their privileges withdrawn.
Can foreigners apply for Priority Banking?
Yes, but the ease of application varies from bank to bank, depending on your country of origin. For example, it’s easier for foreigners from Hong Kong, Indonesia, Malaysia or Mainland China to open an OCBC Premier Banking account. For most other banks that offer Priority Banking services, however, the most important qualifier is whether your investable assets meet the minimum threshold.
Do I get better returns with Priority Banking?
That depends. When you’re a Priority Banking customer, you have the ability to capitalise on investments without holding cash, by using the power of investment through leverage. This comes with its risks, since you may lose out if your investment goes up in smoke. Compounded with the interest charged with your loan, the result can be truly disastrous. However, if you’re judicious in the way you utilise your investment financing, Priority Banking can help you grow your funds.
Can I access Priority Banking across countries?
Yes, international banking is one of the biggest perks of Priority Banking accounts. Most Priority Banking accounts offer easy FX solutions with no currency conversion or foreign transaction fees. For example, Citigold Priority Banking customers can transact in over 150 currencies when they pay with their Citigold Debit Mastercard, without incurring any additional fees.
>> Find out: Why choose Priority Banking?
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