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Jan 15, 2009

Earn 20 Percent Interest On Savings Interest


Earn 20 Percent Interest On Savings Interest

NTUC Thrift Bonus Savers Account offers up to 20% bonus interest on savings interest earned on the 4th anniversary.

The NTUC Thrift Bonus Savers Account is a regular monthly savings account. Depositors need to put cash savings into the NTUC Thrift Bonus Savers Account on a monthly basis in order to earn interest on savings interest.

At the end of the second year, depositors earn a bonus savings interest of 10% on the interest amount. This bonus savings interest rises to 15% for the third year and 20% for the 4th year.

Conditions apply for use of the NTUC Thrift Bonus Savers Account. For a start, you must be a Thrift member (annual fees apply). Only Singapore citizens and permanent residents are eligible. You have to contribute a minimum of $30 monthly and up to a maximum of $5000 monthly. Once you skip a month's contribution to your NTUC Thrift Bonus Savers Account, your bonus savings interest reward will be withdrawn.

The NTUC Thrift Bonus Savers Account currently pays a savings interest rate of 1.5% per annum.

Check with NTUC Thrift for details on the savings interest paid on this Bonus Savers Account.

Thank you for reading Singapore Savings Account Rates.

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