POSB Cashback Bonus Programme Savings or Current Account

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Review on POSB Cashback Bonus Programme Savings or Current Account
Pros

Free cashback for account holders who already fulfill 3 transaction categories

Applicable for almost all POSB or DBS accounts

Easy sign up via iBanking

High cashback for home loan installments

No minimum deposit

Cons

Cashback subjected to fulfilling 3 out of 5 transaction categories

Low cashback for credit card spend and salary credit

Deposit Details Deposit Details

Enroll in POSB Cashback Bonus programme via iBanking to earn up to $130 Cashback a month

To qualify for any cashback, you need to have banking transactions in at least 3 out of the 5 transaction categories

Various fall below fee for savings or current account apply

You will receive the cashback on the 7th working day (exclude Sunday and Public Holiday) of the following month

 

Deposit Interest Rates Interest Computation

Category Cashback
Salary Credit Up to $20
Credit Card Spend Up to $20
Home Loan Installment Up to $30
Insurance Up to $30
Investments Up to $30
Total Up to $130

 

Earn up to $20 cashback ($3 cashback for every $1,000) when you credit a minimum salary of $2,500 every month to any POSB or DBS savings or current account (excluding foreign currency accounts, POSB SAYE account, DBS Multiplier Account, fixed deposit accounts and trust accounts)

Earn up to $20 cashback ($3 cashback for every $1,000) when you spend on any POSB Credit Cards or DBS Credit Cards every month

Earn up to $30 cashback ($3 cashback for every $100) for your monthly home loan installments with POSB or DBS every month. Existing DBS or POSB home loan borrowers will qualify. Cash and CPF components are included.

Earn up to $30 cashback ($3 cashback for every $100) for your monthly insurance premium for new regular insurance purchased after enrollment in POSB Cashback Bonus programme.

Earn up to $30 cashback ($3 cashback for every $100) for your investment amount for new investments (select from Unit Trust Lump Sum Investments, Unit Trust Regular Savings Plan and POSB Invest-Saver) purchased after enrollment in POSB Cashback Bonus programme.

 

Click here to go to POSB website for more details

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