You might think it's difficult to save during National Service. But it doesn't have to be. By saving as little as S$50 monthly, we're here to help you add up your savings after two years and grow it even further with 2% p.a. interest. Here's how you can get started:
Credit your salary
Choose your debiting POSB/DBS account to be linked to your POSB Save As You Earn Account.
Sign up for a POSB Save As You Earn (SAYE) Account
This is where your monthly savings will sit and grow.
Decide how much to save monthly
It could be any amount from as low as S$50. Here's a graph to show how much you can earn with S$100 saved monthly.
Choose your preferred monthly savings date
Tip: pick one close to your payday for better monthly budget control.
*To avoid any failed deduction, please ensure that there are sufficient funds in the debiting account by 7pm, one day before the monthly savings date.
#Accumulated Cash Gift Interest earned by Month-12 will be credited in Month-13.
#Accumulated Cash Gift Interest earned by Month-24 will be credited in Month-25.
Read more about the Terms and Conditions Governing POSB SAYE Account. Learn more about the base and additional interest rates here.
No minimum spend required for Full Time National Servicemen (NSF).
#Cash rebate will be credited to the Cardmember's Card account in the form of HomeTeamNS$ / SAFRA$ within 90 days of the following month and can be redeemed at all HomeTeamNS / SAFRA clubhouses and participating merchants. Other terms apply.
You spend your precious weekends relaxing or hanging out with friends. So we've put together exclusive benefits and discounts from over 1,800 merchants for you to enjoy, everywhere you go.
HomeTeamNS-PAssion-POSB Debit Card
SAFRA DBS Debit Card
Receive instant email acknowledgement when you apply online for your POSB Save As You Earn Account.
If this is your first account with us, open online now and there will be no minimum average daily balance required.