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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
Receive a $20 Cash Gift, plus a chance to win a stay at the Ocean
Suite, Resorts World Sentosa worth $2,472 when you open the account
online (Until 30 Apr 2018)
Click here
to go to POSB website for more details
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Reviews or Comments (4)
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
Can I do fund transfer every month for a fixed amount to the SAYE account instead of changing the salary bank details? with the employer?
The salary must be credited via GIRO (with transaction reference codes ‘SAL’ or ‘PAY’) instead of fund transfer.
I receive my salary via cheque monthly which I will deposit to my DBS account. Is there a minimum salary requirement to open the SAYE account? If my pay is $3000, can I choose to credit the full $3000 to the SAYE account monthly?
The fixed monthly savings can be from $50 to $3,000 (in multiples of $10). However, the salary must be credited via GIRO (with transaction reference codes ‘SAL’ or ‘PAY’) instead of check. Hence, you do not meet the requirements for the SAYE Account. Please call POSB via 18003396666 for more information about the SAYE account.