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POSB Fresh Funds Bonus Interest Account

 

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Min. Deposit
No minimum

Interest Rate
up to 1.825%

Review on POSB Fresh Funds Bonus Interest Account

Pros
High interest rate with short tenure
No minimum deposit

Cons
Limited time promotion that comes one in a while

 

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Details

Bonus Interest for 7 mths
$0 to <$250k 1.65% p.a.
>$250k to $1m 1.75% p.a.

Open and deposit fresh funds (capped at $1m) into a POSB Bonus Interest Account via online before 31 Aug 2018, 5pm. Maintain the fresh funds deposited for 7 months until 31 Mar 2019 to enjoy interest rates of up to 1.825% p.a. (Includes prevailing interest rate of 0.075% assuming account balances above $350,000 and 0.05% assuming account balances below $350,000)

When opening account online, you will be prompted to select an existing account that will be used for signature reference. Your Promotional Bonus Interest will be credited to this reference account by 30 Apr 2019

Your POSB Bonus Interest Account will thereafter be auto-closed and all funds will be credited into your reference account

This account has no applicable fees or charges

Withdrawals are allowed as long as the daily available balance in your POSB Bonus Interest Account is more than the fresh funds deposited as at 31 Aug 2018

 

Click here to go to POSB website for more details

 

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