1.5% p.a. POSB Savings Account Promotion
We present Singapore 1.5% p.a. POSB Savings Account Promotion savings rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.
1.5% p.a. POSB Savings Account Promotion Example Of Earnings:
Customer A registers for 1.5% p.a. POSB Savings Account Promotion via online through DBS’ website during the 1.5% p.a. POSB Savings Account Promotion Period and successfully top-up a lump-sum of SGD 20,000 to a CASA by 31 December 2014.
Cash Gift earned by 1.5% p.a. POSB Savings Account Promotion Customer A under the Promotion as follow:
SGD 20,000*1.5%p.a.*181/365 days = SGD 148.77
Note: 6 months period is from 1 January 2015 to 30 June 2015 = 181 days
1.5% p.a. POSB Savings Account Promotion “CASA” refers to such account(s) which Customers may have with DBS/POSB whether alone or jointly with any other person(s) and include savings account, current account and any other accounts which DBS Bank Ltd (“DBS”) may introduce from time to time excluding Settlement, Fixed Deposit and Corporate Accounts.
How to qualify for 1.5% p.a. POSB Savings Account Promotion :
1.Register online by 22 Dec 2014.
2.Complete a one-time top-up by 31 Dec 2014.
3.Maintain top-up amount for 6 months.
*The 1.5% p.a. POSB Savings Account Promotion period shall be from 18 November 2014 to 22 December 2014, both dates inclusive (“Promotion Period”).
To participate in the 1.5% p.a. POSB Savings Account Promotion, Customers must (i) complete the online registration form during the Promotion Period; and (ii) deposit a single sum of between SGD 1,000 and SGD 20,000 (in multiples of SGD 1,000) to their CASA Account by 31 December 2014.
Where there are multiple registration submissions for 1.5% p.a. POSB Savings Account Promotion, the latest entry duly completed by the Customer will be used to qualify for this Promotion. The deposit must be made using funds from non-DBS/POSB accounts (“Fresh Funds Deposit”).
1.5% p.a. POSB Savings Account Promotion participants will be disqualified from the Promotion if transfers are made from any DBS/POSB account in any mode to the CASA Account.
Qualifying 1.5% p.a. POSB Savings Account Promotion Customers will receive a lump-sum Cash Gift of 1.5% p.a. on the Fresh Funds Deposit for 6 months (“Cash Gift”) and the Cash Gift will be credited to their designated account by 30 June 2015.
Each 1.5% p.a. POSB Savings Account Promotion Qualifying Customer will receive a maximum of one (1) Cash Gift for the Fresh Funds Deposit.
*Fresh Funds Deposit means funds transferred from non-DBS/POSB accounts, through cheque(s), cashier’s order(s), demand draft(s), cash deposits, FAST credit (Fresh Funds Deposit that is more than SGD 10,000 via FAST, more than one (1) FAST credit is allowed) and MEPS receipt. These exclude any funds from any DBS/POSB account and funds deposited via any DBS/POSB cheque(s), DBS/POSB cashier’s order(s), or DBS/POSB demand draft(s).
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