DBS/POSB commemorates SG60 with year-long special offers for customers and additional support for under-privileged seniors

DBS/POSB is launching a gamut of SG60 benefits, including year-long special offers for customers and additional support for under-privileged seniors. The first wave of these benefits was announced at the POSB “Support Our Heartlands” event this morning, which was graced by Education Minister Chan Chun Sing and Senior Parliamentary Secretary for Culture, Community and Youth & Social and Family Development, Mr Eric Chua.

Standing alongside customers: Boosting savings on everyday spend, reducing mortgage payments on HDB homes, and providing a cash bonus for salary-crediting

For all customers, the bank has lined up a suite of “60-themed” rewards and deals all year round, to help customers save more on everyday expenses while enjoying their favourite local brands and attractions. These deals, which are available via the POSB Everyday Card and PAssion POSB Debit Card, include:

From now to 30 June: SGD 0.60 rice (1kg pack) and SGD 0.60 oil (500ml bottle)^[1] at any Sheng Siong supermarket for customers who purchase these essential items, capped at the first 50,000 redemptions for each item per month.
1 July to 30 September: SGD 0.60 deals at participating food and beverage outlets, including some of our local favourites.
1 October to 31 December: 60% discount on entry passes to participating attractions, where customers can enjoy fun-filled experiences with friends and family.

For aspiring and existing HDB homeowners, they can enjoy lower monthly mortgage payments with the POSB HDB three-year Fixed Rate Home Loan package, with an all-in interest rate of 2.55% p.a. (lower than the current HDB concessionary rate of 2.60% p.a.). They may also make partial prepayments without incurring extra charges.

For those receiving paycheques, including full-time national servicemen (NSFs) and first jobbers, the bank will offer a one-time cash bonus of up to SGD 310 for customers who credit their salaries into a DBS/POSB account (for three consecutive months from the month of registration) and link their accounts to PayNow using their NRIC/FIN and mobile number^[2].

Additional customer cashback rewards and support packages for small businesses will be announced in the coming months.Standing by the community: Ramping up support for underprivileged seniors

DBS/POSB volunteers engaging with participants at the event, which is part of the bank’s ongoing efforts to support our local community and inject more vibrancy into our neighbourhoods. The event aims to drive financial and digital literacy among young families, children and seniors, featuring a range of activities and games to make learning fun for all.^[1] 1kg Royal Golden Grain Premium Fragrant Rice; 500ml Happy Family Sunflower Oil
^[2] Eligible for customers who have not credited their salary with DBS/POSB or had prior PayNow-registered accounts between 1 Sep 2024 to 28 Feb 2025. This scheme applies to those who switch their salary crediting accounts to DBS/POSB.

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About POSB
A part of the DBS Group, POSB is the largest and oldest local bank in Singapore with over four million customers. Having served generations of Singaporeans for the past 147 years, it is known as the "People’s Bank", and prides itself on being "neighbours first, bankers second".

POSB takes pride in supporting the community's everyday needs and helping individuals, families, and businesses to become better savers. It stands at the forefront of change by providing pioneering financial solutions and services - across savings, borrowing, investment and insurance - that cater to the evolving needs of Singaporeans.

As a trusted member of the community, it is also committed to giving back to and standing alongside Singaporeans. From inculcating healthy financial habits to promoting digital literacy, POSB seeks to enrich neighbourhoods and uplift the community.

For more information, please visit www.posb.com.sg.