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4.2/5.0 (18 Reviews)
Last updated on 2022-11-01
Very high interest rate for savings account
Low monthly deposit
Interest rate apply only on designated savings
No withdrawals allowed for 2 years which makes it similar to a fixed dpeosit
Requires fixed monthly savings
Accumulated interest only credited at 13th and 25th month
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POSB SAYE Savings Account Interest RatesEarn up to 3.55% p.a. (Additional 3.50% interest + 0.05% base interest) on your monthly savings for the next 2 years
POSB SAYE Savings Account Interest Rates Computation
| Interest | |
|---|---|
| Base Interest | 0.05% p.a. |
| Fixed Monthly Savings | 3.50% p.a. |
| Total | 3.55% 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 3.50% 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
Make no withdrawals from the POSB SAYE Account
Click here to go to POSB website for more details
There are several current and savings accounts in Singapore that offer a higher interest rate...
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