MySavings Account

Saving for the arrival of your baby, a new car, a well-deserved holiday, or simply for emergencies? Let MySavings Account meet all your saving needs through monthly and flexible savings.

Product Benefits

• Hassle-free with an automatic monthly savings feature. You choose an amount between S$50 and S$3,000 (in multiplies of S$10) and a savings date (between 1st and 25th), and the savings will be made automatically each month.
• Flexible with no fixed savings period. And, you can change your monthly savings amount, savings date and debiting account anytime through POSB iBanking or visit any POSB branch. Plus you can withdraw your funds at any POSB branch whenever you need to.
  

  -	To avoid any failed deduction, please ensure that there are sufficient funds in the debiting account by 7pm, one day before the monthly savings date.

• Rewarding with special interest rates.
  

  -	Interest rates are tiered. When there is a withdrawal, a failed deduction of the monthly savings amount or if the account is closed during the month, only the first tier rate will apply to the total account balance.