MySavings Account.
More than just a disciplined way to save, it’s about saving whenever, and however much you like.
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Disciplined saving made easy Save conveniently with the automatic monthly saving feature. You choose the amount and date, and the funds will be automatically transferred from your DBS/POSB account into the MySavings Account each month1.
Plus, enjoy the flexibility to change the monthly savings amount and date anytime1, to best meet your savings needs.
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Freedom with disciplined savings No fixed tenor, so you save as long as you wish or terminate it anytime. And, should you need the funds for that special occasion, withdraw at any DBS/POSB branch2.
There is also no minimum balance requirement, monthly fee or account closure fee.
In addition, as and when you have surplus funds to save, deposit them into MySavings Account at our ATM, Internet Banking, Cash Deposit Machine or any branch.
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Enjoy higher rewards Receive special monthly interest3. The higher your monthly savings amount, the higher your interest rate!
To open a Personal MySavings Account:
Click here for online application (no initial deposit required), or
Tip:
Save every month, with at least 10% of your pay. Tell us how much and when you want to save, and we’ll do the job for you.
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Choose a monthly savings amount from $50 to $3,000 (in multiples of $10) and a monthly savings date between 1st and 25th.
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The monthly interest on the total balance will earn the first tier interest rate (i.e. 0.45% p.a. as at 1 Jan 08) when there is a withdrawal, a failed deduction of the monthly savings amount or the account is closed during the month.
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Interest rates as at 1 Jan 08, and are subject to change.
Notice on Deposit Insurance Scheme: Deposit accounts held by individuals and charities are insured by the Singapore Deposit Insurance Corporation for up to $20,000 in aggregate across specified accounts for each depositor under the Deposit Insurance Act.
Terms
& Conditions | 
