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May the huat be with you this new year
Open an account online and stand a chance to win a S$38 Ang Bao
Get Lucky with POSB in the Year of the Ox!
Open any deposit account online and stand to be amongst the 1,000 lucky winners to win a S$38 Ang Bao. What’s more, everyone in the family can participate, including your young ones!
How to be eligible:
Promotion ends 1 March 2021.
Please refer to the Terms & Conditions for more details.
Accounts available for you
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My AccountThe only account you need to get going in life. |
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Multiplier AccountNo minimum salary credit required, no minimum credit card spend and up to 3.8% interest p.a. |
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My AccountThe only account you need to get going in life. |
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My Account (Kids)The first deposit account that you can customise to meet your kids’ growing needs. |
Frequently Asked Questions
1. Can I withdraw from my deposit account between 2 March to 31 August 2021?
Yes, you may withdraw from your newly opened deposit account. However, in order to remain eligible, you must maintain the same minimum average daily balance of S$1,800 for 6 consecutive months.
2. What if I failed to maintain the same average daily balance for one of the months, can I still participate in the Lucky Draw?
Customers that failed to maintain the same average daily balance at any one point of the 6-month period will not be eligible to participate in the lucky draw.
3. Can I make multiple deposit?
Yes, you can make multiple deposits as long as you deposit a minimum of S$1,800 in the newly opened account by 1 March 2021.
4. Can I open a personal and joint-alternate account for this promotion?
If customer open multiple accounts within the promotion period, the bank will only accord one chance to the first eligible personal / joint-alternate account opened.
5. Will both my child and I be entitled to 1 chance each if I open a personal account and a joint-alternate My Account(kids) for my child?
Yes, you and your child will be entitled to 1 chance each for the Chinese New Year Lucky Draw.
6. How will I be notified if I win the Lucky Draw?
The winners will be announced on https://www.posb.com.sg/personal/deposits/online-account-opening.page by 31 May 2021.
7. Should I apply for an account via MyInfo?
MyInfo allows you to get a Bank account, Credit Card or Cashline account instantly without having to visit a branch or upload any supporting documents.
Simply apply online using MyInfo to pre-fill the application form and within seconds, you’ll be able to enjoy real-time approval and access to your Bank account or Credit Card or Cashline 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.
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