MySavings Account - Eligibility and Requirement

MySavings Account
Product Benefits|Eligibility and Requirement|Fees|What's New
How to Apply

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

Eligibility and Requirement

  • At least 16 years old to open a personal MySavings Account.
  • If you are below 16 years old, you may open a MSAkids with your parent or legal guardian who is at least 16 years old.
  • You will need to open a DBS/POSB Savings/Current Account before applying for a MySavings Account. Alternatively, the monthly savings amount can be deducted from a 3rd party's DBS/POSB account upon their consent received at our branch.
  • No initial deposit required.