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Grow more as you save with MySavings Account

Be rewarded with higher interest when you save more each month. Open your account today!
Add to your savings regularly with minimum S$50/month​
Choose your preferred debiting date anytime on digibank app
Be rewarded for your savings with up to 0.25% p.a. interest on your savings

Apply for a personal MySavings Account on digibank app

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If you don’t have an existing DBS/POSB Savings or Current Account, download the digibank app and apply for your first account with us - My Account and Multiplier Account.
eMySavings Account
Grow more as you save with MySavings Account
Overview
Overview
Benefits
How it works
Eligibility
How to apply
Joint account

Benefits of MySavings Account

The more you save, the more you earn!
Start saving regularly
Select an amount to set aside monthly, any amount between S$50 to S$3,000.
Flexibility on savings
Pick your debiting date (between 1st–25th monthly). Change it anytime via digibank app.
Be rewarded for your savings
Enjoy up to 0.25% p.a. interest on your savings in the account.
Learn more

How it works

1
Open an MySavings Account via your digibank app.
2
Set aside a monthly savings amount.Between S$50 to S$3,000 (in multiples of S$10) from your existing DBS/POSB Savings or Current account. This designated amount will be credited into your MySavings account.
3
Select your preferred debiting date between the 1st and 25th of each month.Ensure that you have enough funds in your source account by 7pm, one day before the debiting date.
4
Earn up to 0.25% p.a. interest on your savings.
5
Easily amend the monthly savings amount and debiting date via digibank app.
From 22 Aug 2026, eMySavings personal accounts will no longer be available for new applications. Existing account holders can continue to enjoy the same benefits, now offered under the MySavings Account.

Who is this for?

This account helps you build good savings habits with simple, consistent contributions.

Students & Young Adults

Ideal for those who want to build a strong savings habit from a young age. Choose how much to set aside monthly for your future.

Prudent Parents

For parents saving for their child's future, this offers an easy way to establish an education fund, guaranteeing their kids have the essential resources for a bright tomorrow.

Savvy Savers

For those seeking consistent savings growth, this offers a convenient mechanism to regularly contribute funds, yielding an attractive interest rate of up to 0.25% p.a.

Before you apply

Minimum Age

16 years old

Eligibility

To apply for a personal MySavings account, you must have an existing DBS/POSB Savings or Current Account.

Initial Deposit

Not required

Service Charge

S$0

Documents Required for Account Opening

Refer to the documents required for account opening before you proceed.

Apply for a personal MySavings Account on digibank app

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digibank appLog in, select Apply > Deposits. If you don't have an existing DBS/POSB account, download the digibank app and apply for your first account with us – MyAccount or Multiplier Account. It is easy, quick, and instant when you register using Singpass.
My Account
Multiplier Account

Apply for a joint-alternate MySavings Account

Apply for a joint-alternate MySavings Account
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