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Thinking of opening an account with POSB? Apply online now at the comfort of your home and receive some delivery vouchers from WhyQ. You get to enjoy discounts on local delights and support our local businesses too.
Step 1 – Open a new Deposit Account
Simply open a new personal/joint-alternate deposit account online.
Step 2 – Deposit and maintain the newly opened account
Deposit S$3,000 by the following month of account opening.
Maintain a minimum average daily balance of S$3,000 for at least a 6-month period.
Step 3 – Receive WhyQ vouchers
Promotion ends 31 October 2020.
Accounts available for you
The only account you need to get going in life.
No minimum salary credit required, no minimum credit card spend and up to 3.8% interest p.a.
For new Singaporeans/PR Customers
Now, you can open a personal My Account more easily via digibank! Simply sign up with MyInfo on the app and get instant access to new My Account.
Download POSB digibank now
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.