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POSB Save As You Serve (SAYS)
Get a head start in securing your financial future with our saving tips and NSF promotions
POSB Save As You Serve (SAYS)
At a Glance
Save more as you serve
Unlock higher interest rates when you open a Multiplier account, credit your NS allowance and spend with PayLah! (no minimum amount or spend required)
Live more and cash in on exclusive NSF deals
From cash rebates to merchant perks, we’ve got your everyday and NS needs sorted!
Learn how to plan and manage your finances
Get bite-sized Financial Planning tips to budget, save, invest and protect yourself during NS and beyond.
As you do your part to secure our nation’s defence, let POSB help you get a head start in securing your financial future.
NS55 Promotions
1. Earn 0.55% p.a. on the first S$10,000 of your savings with a Multiplier Account.
- Step 1: Open a Multiplier account.
- Step 2: Visit the NS Portal to update your NS allowance crediting account.
- Step 3: Make any retail purchases using PayLah! (No minimum amount required).
2. Enjoy cash rebates and extra perks with SAFRA DBS/HomeTeamNS-PAssion-POSB Debit Cards.
- SAFRA DBS Debit Card: Enjoy 2% cash rebate on your local Mastercard contactless transactions and 1% cash rebate on your online shopping! Plus, you get 0.3% cash rebate on all other retail transactions.
- HomeTeamNS-PAssion-POSB Debit Card: Enjoy up to 2% cash rebate on your spending, exclusive memberships to HomeTeamNS & PAssion clubs and 1-for-1 offers to selected attractions and more.
3. Protect yourself from life’s unforeseen with a ProtectFirst plan starting from just S$5/month.
- From the big 5 critical illnesses (including early stage) to life protection and serious accidents, pick a plan type that suits you best and set the coverage you need most.
- Sign up for ProtectFirst by 31 Dec 2022 to enjoy 50% off premiums for the first 2 years.
4. Get a S$30 cash reward when you open a DBS Vickers Young Investor Account and make a cash upfront trade on the mobile app.
- Kick-start your investment journey with a trading account designed just for young adults.
- Learn more here.
Multiplier Account
Now that you have started your NS journey and are drawing a regular income, we’d like to share a #lifehack on winning the money game: The sooner you start planning your finances, the better off you’ll be.
With a Multiplier account, you can enjoy higher interest rates and grow your savings while you serve the nation.
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Debit Cards
 | Enjoy cash rebates and perks exclusive to NSFs
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 | SAFRA DBS Debit Card |
 | HomeTeamNS-PAssion-POSB Debit Card |
PayLah!
 | Earn rewards seamlessly when you pay with PayLah! for your everyday and NS needs. Get the latest instant cashback promotions and PayLah! stamp card rewards here. Not on PayLah! yet? Get S$5 when you download and register with promo ‘FIVELAH’ from now till 31 December 2022. For full terms and conditions, click here. |
Investment & Insurance
 | Kickstart your investment journey and make your money work harderHere are some ways for you to get started:
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 | Get your insurance needs sorted from S$5/monthFrom the big 5 critical illnesses (including early stage) to life protection and serious accidents, ProtectFirst is an affordable and convenient way to get your insurance needs sorted. |
Financial Planning Insights
 | Learn how to plan and manage your finances with NAV PlannerTake a peek into your financial future and project your income and expenses 10, 20 and even 30 years ahead. You can also keep a budget, track your savings and ensure if you are on track for your financial goals. |
Frequently Asked Questions
Save As You Serve (SAYS)
1. What is Save As You Serve (SAYS)?
As you do your part to secure our nation’s defence, let POSB help you get a head start in securing your financial future.
Bundle your Multiplier account with our Debit Cards, DBS PayLah! wallet and our suite of Financial Planning solutions to unlock higher interest rates and accelerate your savings!
2. Do I need to switch my NS allowance from an existing DBS/POSB savings account to Multiplier Account?
No. You can continue to credit your NS allowance to an existing DBS/POSB savings account. You only need to deposit your savings in your Multiplier Account, and use PayLah! for pay for any retail purchase to enjoy the higher interest rates on your Multiplier Account balances.
3. I’m going to serve my NS soon. When should I apply for the Multiplier Account?
You must be at least 18 years of age to apply for Multiplier Account. You’ll earn interest of 0.55% p.a. when you credit NSF allowance with us and use PayLah! for your retail spend, adding up to S$500 or more monthly. That’s 11X more compared to a regular savings account.
While waiting for enlistment, you’ll earn 0.40% p.a. on the first S$10,000 of your Multiplier Account savings, with any PayLah! retail spend amount.
Applying for a Multiplier Account
1. Can I open more than 1 Multiplier Account?
You can only hold 1 Multiplier Account.
2. When will I receive my interest?
The interest is credited into your Multiplier Account in 2 parts:
- Base interest: Credited on the last calendar day of the month
- Bonus interest (if any): Credited by the 7th working day of the following month
3. Do I need to close my Multiplier Account after ORD?
No, you can keep the Multiplier Account and continue to earn bonus interest as long as you fulfil the bonus interest criteria.
If you do not have income credited to DBS/POSB and are 29 years old and below, you earn 0.40% p.a. on your Multiplier Account balances with PayLah! retail purchase of any amount.
Applying for HomeTeamNS-PAssion-POSB or SAFRA DBS Debit Cards
1. Am I eligible for the HomeTeamNS-PAssion-POSB Debit Card or SAFRA DBS Debit Card?
Click here to learn more about the HomeTeamNS-PAssion-POSB Debit Card, or here for the SAFRA DBS Debit Card.
2. Must I link my HomeTeamNS-PAssion-POSB Debit Card or SAFRA DBS Debit Card to my POSB SAYE account?
No, this is not mandatory. The debit cards only need to be linked to a DBS/POSB Current or Savings Account.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Conversions between currencies involve fluctuations and are subject to exchange controls. If you are converting from another currency to place the deposit and intend to convert it to the original currency, exchange rate fluctuations could cause the converted amount to be less than your original amount.
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