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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
Interest Computation
| 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
Promotions
Apply online and maintain monthly contribution of at least $50
with no withdrawals for at least a 6-month to receive $20 Cash Gift
(Valid till 30 Sep 2019)
Click here
to go to POSB website for more details
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Reviews or Comments (8)
Hello, I am a student in Singapore not earning a salary. Is it possible to credit a fixed amount from my OCBC bank to a SAYE account to replace the salary deposit requirement?
Hi,
That will not be possible as POSB requires depositors to select an existing POSB/DBS as the debiting account with specific requirements on salary crediting in order to open a POSB SAYE account.
Can I open an account for my daughter who is 15 years old - to be deducted from my account monthly?
Hi,
Your daughter has to be at least 16 years old in order to open a SAYE account. For further enquiries please call POSB at 1800 339 6666.
I already have salary send to my Posbank account, how do I enroll in this?
Hi,
You have to open a POSB SAYE Account and select you existing POSB account as the debiting account for the monthly savings contribution into your POSB SAYE Account to qualify.