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POSB SAYE Account 2% Interest Promotion

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POSB SAYE Account 2% Interest Promotion Review

Pros

Higher interest rates than fixed deposit accounts

Monthly saving requirement from $50 to $3,000 to suit everyone saving habits

A form of forced savings with no risk in a low interest rate environment

Cons

No withdrawals allowed

Requires a fixed monthly saving amount commitment for 2 years

Promotions POSB SAYE Account 2% Interest Promotion Terms and Conditions

 

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

 

Earn 2.00% p.a. bonus interest when you

1. 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

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

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

4. Make no withdrawals from the POSB SAYE Account

 

The additional 2.00% p.a. bonus interest will be awarded on the total amount that you have saved and credited to your account in the 13th and 25th month

Valid until further notice

 

Click here to go to POSB website for more details

See Current Accounts and Savings Accounts to compare deposit accounts interest rates

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