Take a look at the POSB savings rate this 2011 in Singapore.
POSB SAVINGS RATE PASSBOOK ACCOUNT 2011:
First $10,000 =0.1000
Next $90,000 =0.1000
Next $250,000 =0.2500
Next $650,000 =0.2500
Remaining balance above $1,000,000 =0.2750
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:
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.