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Make your salary work harder for you with POSB SAYE Account

Grow your savings effortlessly with automatic monthly savings while earning higher interest when you credit your salary.
Earn an additional 3.5% p.a. interest for the first 2 years
Enjoy the flexibility to save between S$50 and S$3,000 each month
Automate your savings with your preferred debit date between the 1st and 25th of each month

Apply for a personal POSB SAYE Account on digibank

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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. It is easy, quick, and instant when you register using Singpass.
Make your salary work harder for you with POSB SAYE Account
Make your salary work harder for you with POSB SAYE Account
Overview
Overview
Benefits
How it works
Eligibility
How to apply
FAQ

Benefits

Additional 3.5% p.a. interest
Credit your salary with us to earn cash gift interest* on your monthly savings amount.
*Cash gift interest will be credited on the 13th and 25th month.
Set aside savings monthly
Choose between S$50 to S$3,000 to set aside for your fixed monthly savings^.
^ in multiples of S$10
Choose your debiting date
Choose your preferred debiting date between the 1st and 25th of each month⁺.
⁺Change this anytime via digibank.

How it works

What you need to do
1
Step 1Credit your monthly salary into a POSB/DBS account and select it as the debiting account for the monthly savings contribution towards the POSB SAYE Account.
2
Step 2Choose an amount between S$50 to S$3,000 (in multiples of S$10) to set aside as your fixed monthly savings. This will be credited into your POSB SAYE account from your POSB/DBS salary crediting account.
3
Step 3Select 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
Step 4To receive the additional 3.5% p.a. Cash Gift Interest, ensure that you do not make any withdrawal from your POSB SAYE account.

Calculate your interest

Here is an illustration of the interest earned when you make a successful S$100 monthly contribution into your POSB SAYE Account on the 1st day of each month.

Find out how interest is calculated here.

Learn how much interest you can earn on your monthly savings.

#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.

Terms and conditions governing POSB SAYE Account.

Who is this for

If you fall into one of the following categories, the POSB SAYE Account is for you!

Goal-oriented saver

Planning for a holiday, wedding, home renovation, emergency fund, or your next big milestone.

Busy Professional

Earning a salary and wants a simple, automated way to build savings without actively managing your finances every month. 

Interest Maximiser

Looking for ways to earn higher interest on idle cash while maintaining a disciplined savings habit.

Eligibility & Fees

Apply for a personal POSB SAYE Account on digibank

Minimum age

16 years old

Eligibility

You must have an existing DBS/POSB Savings or Current Account as your salary crediting account before you can apply for POSB SAYE account.

Salary Crediting

Salary must be credited via GIRO, with transaction reference codes ‘SAL’ or ‘PAY’.

Fee

No service charge & initial deposit

Documents Required

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

Apply for a personal POSB SAYE Account on digibank

digibank appdigibank OnlineRegister for Singpass
digibank appLog in, select More > Deposit. 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

Frequently Asked Questions

GeneralInterest Eligibility