Anonymous

03 Nov 2019

∙

How is the bonus interest for POSB SAYS/SAYE calculated?

Will I only earn bonus interest on the amount I pre-set to be transferred (let’s say $100 every month) into the account every month? What if I transferred another 1k into the account, will I earn bonus interest on the 1.1k? Or only the $100 which was preset when I opened the account?

Kinda confused here, any help would be appreciated. Thanks!

POSB SAYE Account

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Kelly Trinh

03 Nov 2019

Backoffice technical at financial services firm

From T&C below - looks like Additional Interest only on the monthly savings amount you set up to transfer.
https://www.posb.com.sg/iwov-resources/pdf/bank...

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Related Posts

How will the CPF bonus interest, for under 55yo, be calculated in my case?

I use ocbc360 for salary, earning salary & save bonus. OCBC states interest on first 70k, does it mean max interest once 70k and I should transfer those more than 70k? Where to trsf for high interest?

Will my salary be subject to service fees upon being credited into Citibank if my pay is in USD? How to maximise interest on salary (since no bonus interest on salary credit)? How to withdraw USD OTC without incurring service fees?

I’m planning to credit in $800 of my salary into the SAYE Acc fr that 2.25% interest. Let’s say 1 yr in i decide to change to $500 would my interest be affected? How would the calculation be?

I have open a DBS multiplier account to enjoy the interest. Previously I was using POSB saving account with 0.05% of interest. Should I close my old account,now that I have the DBS multiplier account?