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Jul 25, 2016

POSB 2.08% Savings Promotion 2016

POSB 2.08% Savings Promotion 2016

How is it possible to get 2.08% interest return through putting money into a savings account in POSB. There is a way.

Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore.

Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore.

2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.

POSB 2.08% Savings Promotion 2016:
POSB Savings Account Multiplier Programme

Earn up to 2.08% p.a. on your savings through regular savings plan.

If your regular banking adds up to S$7,500 per month, you’re eligible to earn higher interest.

The higher interest earned will be paid on the first S$50,000 in your Multiplier Account. There is No lock-in period.

1 Remaining balance over and above the first S$50,000 will be accorded the prevailing base interest rate for that month.

Higher interest will be credited in 2 parts:
(i) base interest at our prevailing base interest rate calculated on daily balances will be credited at month end, and
(ii) the remaining preferential interest, calculated as the nett of the higher interest rate and the prevailing base interest rate, based on the sum of your eligible cash flows with us, by the 7th working day of the following month.

2016 savings account interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company.

You should perform your own due diligence to assess the suitability of these financial products for your personal financial circumstance. Consult professional financial advisors and understand your own risk / reward appetite. Knowledge and understanding of the financial product features and risks are critical as well.

Thanks for reading Singapore Savings Account Rates.

The Team

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