Money Lobang

POSB SAYE Savings Account

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Rating: 4.2/5.0 (17 Reviews)
Min. Deposit $50 monthly
Interest RateUp to 2.05%
Review on POSB SAYE Savings Account
Pros

High interest rate for savings account

Low monthly deposit

Cons

Interest rate applied only on designated savings

No withdrawals allowed for 2 years

Requires fixed monthly savings

Accumulated interest only credited at 13th and 25th months

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Deposit Details Deposit Details

Earn up to 2.05% p.a. (Additional 2.00% interest + 0.05% base interest) on your monthly savings for the next 2 years

 

Deposit Interest Rates Interest Computation

  Interest
Base Interest 0.05% p.a.
Fixed Monthly Savings 2.00% p.a.
Total 2.05% 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 2.00% 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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17 Reviews
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Rating:
4.2/5.0 (17)
4.2/5.0 (17)
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