At a Glance

• Interest Benefits

  Enjoy special savings rates

• Convenience

  Preset monthly savings amount and crediting date

• Flexibility

  Amend your savings amount and crediting date anytime via iBanking

Apply now

Features & Benefits

• A preset monthly savings account
  (Flexible to save any amount from S$50 to S$3,000, in multiples of S$10, and a date¹ between the 1^st and 25^th of the month)
• Earn interest on your monthly savings
• Change your savings amount and crediting date anytime via iBanking.

¹To avoid any failed deduction, please ensure that there are sufficient funds in the debiting account by 7pm, one day before the monthly savings date.

Eligibility & Fees

Eligibility

• You must be at least 16 years old to open this account, and already have a DBS/POSB Savings/Current Account.
  (Applicants below 18 years old must have a valid iBanking login or ATM/Debit Card to apply online)

Fee

• No applicable fees

Documents Required

• Account Opening for New to Bank Customers

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Related

It’s simple to open your new account – anytime, anywhere.

DBS Multi-Currency Account

POSB SAYE Account