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POSB Everyday Savings Account
Features & Benefits
- Earn daily interest, credited at the end of every month.
- Earn cashback on your DBS or POSB Debit Card.
- Monthly estatements are easily accessible via our secure iBanking portal, choice of paper statements is also available.
Eligibility & Fees
- Applicants must be at least 16 years old to open this account.
(Applicants below 18 years old must have a valid iBanking login or ATM/Debit Card to apply online)
- No initial deposit is required.
- A monthly S$2 fall-below fee apply, if your average daily balance for the month falls below S$500
- Enjoy waiver on fall-below fee if you meet any of the following criteria:
- This is your first account with us and it is opened online.
- 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.
Documents Required at Branch
- Original Singapore NRIC