Anonymous

12 Jun 2021

∙

Can I close and repoen the POSB SAYE account to get the 2% additional interest for another 2 years?

If I just finished my 2 years term in a SAYE acccount, am I able to close it and repoen it as a "new" account to get another 2 years of additional interest?

POSB SAYE Account

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Shirley Fam

16 Dec 2021

Hello, i have a SAYE account and i want to know how long has my account been opened, i think it is 2years already, any way i can find out via online banking or i have to travel down/call the bank?

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Goldia

27 Jul 2021

Should be ok to open new account once 2 years term is up.

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Alan Goh

12 Jun 2021

Learner at Always Learning

Hello All,

I couldn't find online how to cash out the proceeds (principal sum and interest earning...

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I can no longer meet the conditions to earn the 2% Cash Gift in POSB SAYE Account (no monthly salary), thus receiving up to 0.25%. If that's the case, is it advisable for me to close the account and go for OCBC Frank of 0.30% for abv S$10,000 ?

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Related Posts

Does it make sense for me to open a POSB SAYE account for the additional 2% interest rates, or should I buy SSBs instead?

About the standard chartered jumpstart account, it's 2% interest p.a right? Meaning if I have 20k in my account I'll get 400$ for the year that will be split up and credited monthly into my account?

I can no longer meet the conditions to earn the 2% Cash Gift in POSB SAYE Account (no monthly salary), thus receiving up to 0.25%. If that's the case, is it advisable for me to close the account and go for OCBC Frank of 0.30% for abv S$10,000 ?

Should I close my OCBC and move over to CIMB? How many banks is too many for a student? I have 2 bank accounts, OCBC and POSB now, both are the basic savings accounts with super low interest rates?

What do I do if I have the sum of $2K in my POSB saye account which is gonna be done for 2 years? Going to ord in July this year. Continue saving or use half for vacation to de stress?