Singapore Bank
Save + Invest = Wealth

POSB is cutting down on their interest rate they are offering for their deposit savings account. This looks to be a major cut to the interest they are offering, which is about 50% down from the previous rate. When you think the interest rate is low enough, it gets even lower! Using the example of [...]

POSB Savings Interest Rate If you have money deposited at POSB savings account, you might want to know how much interest rate the bank is offering you for the money you have with them. Not much really, $10000 at 0.1p.a. only gives you $10 extra at the end of the year. First $10,000 0.1000 Next [...]

In order to open a bank account in POSB, you can just visit any POSB branch in Singapore with your IC or Passport. You need to fulfil the requirements below. POSB Passbook Savings Account - POSB Savings account age limit is 16 years old. - Below 16 years old, you may open a POSBkids Account (see below). - Initial deposit of [...]

  Posb Savings Account Interest Rate is very low, but it is still a good savings account to have for everyday use as they have lots of ATMs across the island for cash withdrawals. For excess cash, you might want to consider other banks that off better basic interest rates. First $10000 0.1000 Next $90000 0.1000 [...]

Check out POSB savings account interest rate here. In general, the bank interest offered is pretty low. Both POSB and DBS only offered 0.1% p.a. for the first $10,000. DBS SAVINGS PLUS 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   DBS AUTOSAVE (PERSONAL) First $10,000 [...]