Enjoy the fruits of your savings!

In celebration of National Day, receive up to S$58 credit reward to your debit card if you are opening your first account with POSB. Open a new personal/joint-alternate account online and deposit fresh funds. Credit reward is dependent on the amount of fresh funds deposited, illustrated by the table below:

Fresh Funds Deposit Credit Reward to Debit Card

S$5,000

S$28

S$10,000

S$58

 

Wait no more! Catch our National Day Online Account Opening promotion from 1 to 31 August 2022 by following these simple steps:

Step 1 – Open your first My Account (Personal / Joint-Alternate) or Multiplier (Personal)

My Account

The only account you need to get going in life.

Open your account instantly at POSB digibank app using Myinfo*

     

Alternatively, you may apply online.
If you wish to apply for a Joint-Alternate My Account, click here
For Joint-Alternate, both applicants must be 16 years old or above.

*Applicable for Singaporeans/PRs and Foreigners (EP/SP/DP)

Multiplier

No minimum salary credit required. No minimum credit card spend and earn up to 3.5% p.a.

Open your account instantly at POSB digibank app using Myinfo*

     

Alternatively, you may apply online.

*Applicable for Singaporeans/PRs and Foreigners (EP/SP/DP)


 Step 2 – Deposit and maintain the fresh funds in your newly opened account

Deposit S$5,000 or S$10,000 fresh funds to the newly opened account by 31 August 2022.

Maintain the same average daily balance of S$5,000 or S$10,000 between 1 September – 31 October 2022 (2-month period).


 Step 3 – Receive your Credit Reward

The credit reward will be added to the eligible DBS/POSB Debit Card by 31 December 2022.

Promotion ends 31 August 2021.

Please refer to the Terms & Conditions and FAQ for more details.

 

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.

 

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