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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
No withdrawals allowed
Requires a fixed monthly saving amount commitment for 2 years
POSB SAYE Account 3.5% Interest Promotion Terms and Conditions
Earn up to 3.55% p.a. (Additional 3.50% bonus interest + 0.05% base interest) on your monthly savings for the next 2 years in a POSB SAYE Account
Earn 3.50% 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 3.50% 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
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