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Anonymous
I received a phone call form a POSB staff offering to increase my savings account interest rate to 2% per annum from 0.05%. She told me that it was because I was saving with them for a long time (offer had no strings attached) the number called was from 6590 7661 was wondering if this number and offer is legit. sounds too good to be true.
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Ang Pei San
29 Oct 2019
Personal Wealth Manager at AIA Singapore
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Yeap Ming Feng
24 Oct 2019
Head of Seedly at Seedly
Hey,
In my honest opinion, there is no free lunch in this world.
Whatever you just received seems like a common sales tactic one of our Community members experienced.
Find a way to get you down to their office
Pitch you a product when you are there.
I covered incident as such in this article: https://blog.seedly.sg/sales-tactics-bank-repre...
Not saying that the products are not good. But it is good to understand some of the sales tactics should you be willing to listen to what they have to say.
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Elijah Lee
24 Oct 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
It is possible that your savings account interest from 0.05% to 2%+ by opening a Multiplier...
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If you're looking to do a multiplier account to achieve a higher interest without locking up the cash, you can actually do this online as well.
yes, it's possible to achieve 2% but sounds like it's linked to insurance policies.