POSBKids: Free Gift and Kids Discounts

POSBKids: Free Gift and Kids Discounts

For depositors in Singapore old enough to have kids, POSB was the main School Savings Account that depositors grew up with as school kids. Now that you have your own kids, most would naturally gravitate towards POSBKids when it comes to opening a savings account for their kids.

Yet in today’s mercenary times, some of you may ask of POSBkids Savings Account, “beyond nostalgia, what other goodies are there?”

Well, here are some of their goodies, gleamed from POSBKids website:

• $1 free gift.
• Specially designed passbook.
• No minimum deposit required.
• No minimum balance requirement.
• No fall-below fee, until your child turns 21-years-old.
• Daily competitive interest.
• Exclusive free gift of a POPULAR Bookstore discount card if your child is between 7 and 12 years old when he / she opens the POSBKids account.
  

You can open 2 account types for the POSBKids savings account.

POSBKids Trust Account:
For kids below 5 years old.

POSBKids Personal Account:
For kids 5 and 12 years old.
The account will be in your child's name.

The interest rate that is paid on POSBKids account? Undetermined. (No rate given for this POSBKids account on their site)

Thank you for reading Singapore Savings Account Rates.