A savings account designed for your everyday banking needs.
POSB Everyday Savings Account fulfills your daily banking needs and offers you a choice of either hardcopy statements or eStatements.
- Earn daily interest, credited at the end of every month
- Cashback on your DBS or POSB Debit Card — an enhanced ATM Card.
- Easy-to-read monthly statements. Also available as eStatements - The fast and easy way to access your statements anytime, anywhere via iBanking.
If this is your first account with us, open online now and there will be no minimum average daily balance required.
Eligibility and Requirements
You are eligible for this account if you are at least 16 years old. No initial deposit is required.
- A S$2 fall-below fee will apply if your average daily balance for the month falls below S$500
- Enjoy waiver of the S$2 fall-below fee if you meet any of the following criteria:
- You are below 21 years old.
- You are 62 years old and above.
- You are a full-time National Service man (whose allowance /salary is credited to this account).
- You are a recipient of public assistance.