Standard Chartered e$aver account is still offering one of the better savings account rates in singapore. The interest rate has indeed dropped quite a bit since its high of 2%p.a.
The current rates of SCB eSaver
Less than S$50,000 0.30% p.a.
S$50,000 to S$199,999 0.40% p.a.
S$200,000 & above 0.50% p.a.
(rates effective 20 July 2009)
Location of standard chartered branches to open accounts with them. Visiting them to open account is so much faster than mailing them appliciation forms.