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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 deposit $20,000 Fresh Funds to the newly opened
account by 28 Feb 2019. Maintain a minimum balance of $20,000 in
the account for the next 6 consecutive months and receive an Ang
Bao of $180
Click here
to go to POSB website for more details
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Reviews or Comments (6)
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.
Hello - I am interested in the SAYE SAVINGS ACCOUNT. I am residing in USA. I have an existing POSB Account.
Will I qualify for this scheme if I transfer a lump sum of say, S$50,000 into SAYE Account?
How do I open the SAYE Account from USA?
Thank you and Regards
You can't open a POSB SAYE account as you will need a Singapore address in order to open the account. You may contact POSB at https://www.posb.com.sg/personal/contact-us.page if you need more info about the POSB SAYE account.
If working part-time can open tis SAYE account..
Part time income is allowed as long as it is credited via GIRO (with transaction reference codes ‘SAL’ or ‘PAY’) every month to your DBS or POSB account. Do note that a minimum monthly savings of $50 is required