2014 POSB Savings Account Promotion
We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.
2014 POSB Savings Account Promotion Details:
POSB eMySavings Account 2014 (eMSA 2014) lets you save monthly in a hassle-free way and earn interest of up to 2.014% p.a.*!
Product Benefits
-Automatically save a sum of your savings each month
-Flexibility to change the amount and debiting date
-Check your account and your eStatements anytime, anywhere via iBanking.
Here's how eMSA 2014 works:
Base interest = 0.25%p.a.
Top-Up interest = 1.764%p.a.
(on incremental daily balance)
Each month, your savings will be automatically credited to eMSA 2014 based on your monthly savings arrangement which comprises:
The amount you wish to save monthly, from S$1,000 to S$3,000 (in multiplies of S$10)
The date to save (between 1st and 25th of each month)
Whenever you have extra funds (eg, bonus payout), you can top-up your eMSA 2014 to enjoy top-up interest and build your savings faster.
*The base interest is computed based on each day-end balance and will be credited at the end of each month. The base interest rate will be reduced to 0.01% p.a. if there is an unsuccessful credit of your monthly savings amount, withdrawal or account closure in the month.
The top-up interest will be earned between January and December 2014, and is computed based on incremental average daily balance which is subjected to minimum of S$1,000 and maximum of S$30,000.
It will be credited by the 5th calendar of each month. Average daily balance is derived from the summation of each day-end balance divided by number of calendar days in the month.
Only personal account is allowed. Each customer is entitled to one account only.
Promotion ends 31 March 2014. Product terms and conditions apply.
Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.
The Team
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