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POSB SAYE Savings Account

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Rating: 4 Stars4.2/5.0 (18 Reviews)
Min. Deposit $50 monthlyAttribute
Interest RateUp to 3.55% Attribute

Last updated on 2022-11-01

POSB SAYE Savings Account Review

Pros Pros

Very high interest rate for savings account

Low monthly deposit

Cons Cons

Interest rate apply only on designated savings

No withdrawals allowed for 2 years which makes it similar to a fixed dpeosit

Requires fixed monthly savings

Accumulated interest only credited at 13th and 25th month

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   Effective interest rates from 6.50% p.a.
   Tenure of up to 7 years
  Up to $3,000 Cashback

Deposit Details POSB SAYE Savings Account Interest Rates

Earn up to 3.55% p.a. (Additional 3.50% interest + 0.05% base interest) on your monthly savings for the next 2 years

 

Deposit Interest Rates POSB SAYE Savings Account Interest Rates Computation

  Interest
Base Interest 0.05% p.a.
Fixed Monthly Savings 3.50% p.a.
Total 3.55% p.a.

 

Earn bonus interest by following these steps

Credit your monthly salary into a existing POSB/DBS account and select it as the debiting account for the monthly savings contribution into the POSB SAYE Account

Determine a fixed monthly savings amount from $50 to $3,000 (in multiples of $10)

Choose your preferred monthly savings date (between the 1st and 25th day of the month)

The additional 3.50% p.a. interest will be awarded on the amount that you decide to save monthly from your salary and credited to your account in the 13th and 25th month

Make no withdrawals from the POSB SAYE Account

 

Click here to go to POSB website for more details

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18 Reviews
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Rating:
4.2/5.0 (18)
4.2/5.0 (18)
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POSB SAYE Savings Account Review

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