Savings Accounts

POSB eSavings Account

An all-in-one savings account with Debit Card, iBanking and eStatements for your day-to-day banking needs

POSB eSavings Account


  • Bank on-the-go with POSB iBanking and mBanking. It's real time banking with no queue!
  • Monthly eStatements, the faster and easier way to view your transactions anytime, anywhere via iBanking.
  • Receive cashback on your DBS/POSB Debit Card - an enhanced ATM Card.
  • Earn daily interest, credited at the end of every month.
  • No initial deposit required.
  • Enjoy hassle-free conversion if you are an existing POSB savings account holder.

How to Apply

  • New to POSB?

    Required documents for account opening at branch

    Singapore citizens and permanent residents
    - Singapore NRIC

    - Passport and relevant pass issued by the Immigration and Checkpoint Authority of Singapore; and
    - Either one of the documents below for proof of address (within last 3 months)

    1. In-Principle-Approval letter issued by Ministry of Manpower (MOM); or
    2. Utility bill; or
    3. Telephone bill; or
    4. Bank or credit card statements/bank reference letter; or
    5. Rental agreement; or
    6. Management fee bill; or
    7. Letter from the human resource department of current employer

    Apply now

  • Convert existing POSB Savings Account

    If you have an existing POSB Savings Account, convert it to POSB eSavings Account now! Account number and your services will remain the same.

    Convert to POSB eSavings Account in 3 simple steps:

    Step 1:Login to iBanking
    Step 2:Select Request on top right navigation > Select Other Services > Request for POSB Passbook Conversion
    Step 3:Confirm your account details and submit

    Login now

  • Existing customer

    Login with iBanking     Login with ATM/Debit Card & PIN

Not an iBanking customer? Get started

Product Details

You are eligible for this account if you are at least 16 years old. You have the choice of personal or joint-alternate account type. If you are below 16 years old, you may open a POSBkids Account.

A $2 fall-below fee will apply if your average daily balance for the month falls below $500. Enjoy a waiver of the $2 fall-below fee if you meet any of the following criteria:

  • 21 years old and below.
  • 62 years old and above.
  • Full-time National Service man (whose allowance/salary is credited to this account).
  • A recipient of public assistance.

Please refer to the Deposits Guide for the complete list of fees


  • Your account number and all other services will not be affected by the conversion.
  • If you do not currently have a debit card, you will receive a POSB GO! Debit Card to replace your ATM card that is linked to your POSB eSavings account (if any) upon conversion.
  • If you already hold a debit card, POSB eSavings will be the new primary account for your existing debit card and ATM card if linked to your POSB savings account. If your debit /ATM card primary account is another account(s), there will be no change.
Interest Rates
Interest Rates

Check the latest deposit rates here.

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