🕒 Estimated reading time: 2 minutes
With inflation cooling and the U.S. dollar remaining strong across global markets, many investors in Singapore and China are actively shifting part of their savings into USD-denominated accounts. According to the 2025 Global Banking Yield Tracker (NerdWallet & Bankrate), USD savings products continue to outperform most Asian local-currency accounts — especially in China, where average bank savings rates remain below 2%.
Meanwhile, the Federal Reserve’s policy path has helped maintain high-yield USD accounts in the 4.50%–5.00% APY range throughout 2025, a trend expected to continue into early 2026. This has created a surge in demand from Asian investors looking for safer, dollar-based returns.
Below are the top USD savings options accessible to Singaporean and Chinese investors in 2026.
🔶 1. Varo Bank – Up to 5.00% APY (U.S.)
Source: NerdWallet High-Yield Savings Index, 2025
Varo Bank continues to lead globally in accessible USD savings rates. Investors eligible through cross-border fintech platforms or multi-currency services can access up to 5.00% APY on the first $5,000 under specific monthly conditions.
Why APAC investors choose it:
- Highest widely available APY
- No monthly fees
- Quick funding via Wise/HSBC multi-currency accounts
🔶 2. Axos Bank – ~4.51% APY (U.S.)
Source: NerdWallet Best Savings Rates Report, October 2025
Axos offers one of the strongest stable-rate USD savings options with no minimum balance requirements.
Why it’s popular in Singapore:
- Strong integration with U.S. brokerage accounts
- Fast USD transfers
- Low conversion fees when paired with Wise
🔶 3. HSBC Global Money Account – 4.30% APY (Singapore)
Source: HSBC Global Finance & FX Insights, 2025
The HSBC Global Money multi-currency account has become a top pick for Singapore investors who want USD deposits without opening a U.S. bank account.
Advantages:
– Regulated in Singapore
– Send USD directly to U.S. brokers
– Fast global transfers
🔶 4. DBS Multicurrency Account + U.S. Brokerage Sweep (Singapore)
Source: DBS Wealth Management 2025 Report
DBS allows customers to hold USD inside their multi-currency wallets. When paired with a U.S. brokerage sweep account (e.g., IBKR), users can access 4.4%–4.8% APY on short-term U.S. Treasury sweeps.
Why it’s powerful:
- Effectively turns DBS into a USD high-yield gateway
- Allows instant U.S. investment funding
- Fully MAS-regulated
🔶 5. Wise USD Account (Global – Singapore & China)
Source: Wise Annual Transparency Report, 2025
While Wise itself doesn’t offer interest directly, it provides the cheapest USD funding route for Asian investors. Wise is widely used to transfer funds into high-yield U.S. accounts or brokers offering T-bill sweep yields (4.8%–5.2%).
Why it matters for China-based investors:
- Still one of the few ways to move money into USD assets efficiently
- Lowest FX markup among non-bank providers
- Works with IBKR, Webull Global, moomoo, Saxo
⭐ Why Singapore & China Investors Prefer USD Savings in 2026
According to Bloomberg’s 2025 APAC Currency Outlook, the USD is expected to remain structurally strong due to:
- higher U.S. Treasury yields
- decreasing global liquidity
- slower growth in Asian economies
- geopolitical uncertainty increasing USD demand
Additionally, the IMF APAC Banking Review indicates that USD savings yield 2–3× more than CNY or SGD standard savings accounts, making USD exposure particularly attractive for medium-term cash preservation.
🔥 Bottom Line
In 2026, the highest USD savings rates accessible to Singapore and China investors come from:
✔ Varo Bank (up to 5.00% APY)
✔ Axos Bank (~4.51% APY)
✔ HSBC Global Money (~4.30% APY)
✔ DBS Multicurrency + Broker Sweeps (~4.4%–4.8% APY)
✔ Wise (cheapest USD pathway)
For Asian investors prioritizing safe returns, liquidity, and USD exposure, these options represent the strongest strategies moving into 2026.
⚠ This is a suggestion and should never be considered investment advice. DailyMoneySpark is not responsible for any financial losses that may occur.
