MySavings Account - A Special Deposit

MySavings Account - A Special Deposit

Saving for the arrival of your baby, a new car, a well-deserved holiday, or simply for emergencies? Let MySavings Account meet all your saving needs through monthly and flexible savings.

Product Benefits

  • Hassle-free with an automatic monthly savings feature. You choose an amount between S$50 and S$3,000 (in multiples of S$10) and a savings date (between 1st and 25th), and the savings will be made automatically each month.
    - To avoid any failed deduction, please ensure that there are sufficient funds in the debiting account by 7pm, one day before the monthly savings date.
  • Flexible with no fixed savings period. And, you can change your monthly savings amount, savings date and debiting account anytime through DBS iBanking or visit any DBS branch.
    Should you ever need the funds, you can easily withdraw at any DBS/POSB ATM or DBS branch; or perform a funds transfer at any DBS/POSB ATM or via iBanking/Phone Banking.
    - To perform a transaction at an ATM, we will need to link your MySavings Account to your ATM/Debit Card.
  • Rewarding with special interest rates.
    - Interest rates are tiered. When there is a withdrawal, a failed deduction of the monthly savings amount or if the account is closed during the month, only the first tier rate will apply to the total account balance.
  • Easy to read quarterly statements. Also available as eStatements – The fast and easy way to access your statements anytime, anywhere via iBanking.

MSA Value

Your MySavings Account made more rewarding with up to S$50 bonus interest1 each year and protection up to S$69,000. Find out more about MSA Value.

  1. DBS Terms and Conditions Governing MSA Value Bonus Interest apply.