DBS/POSB eMySavings Account Reviews and Comparison - Seedly
 

DBS/POSB eMySavings Account

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  • Reviews (6)
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DBS/POSB eMySavings Account

Up to 0.25% p.a.
INTEREST RATES
None
MINIMUM INITIAL DEPOSIT
$500
MIN. AVE DAILY BALANCE

    DBS/POSB eMySavings Account

    Up to 0.25% p.a.
    INTEREST RATES
    None
    MINIMUM INITIAL DEPOSIT
    $500
    MIN. AVE DAILY BALANCE
Reviews (6)

3.2

6 Reviews

  • 5
    1
  • 4
    1
  • 3
    3
  • 2
    0
  • 1
    1

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good account

account years

years basic

basic savings

savings account

account low

low good

account daily

daily expenditure

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  • Had this account for many years. Very basic savings account, though interest is Low. Still a good account to use for daily expenditure.
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  • I currently have 8 bank accounts to segment my money for financial planning and budgeting purposes. This is one of the accounts I use as there is no minimum balance required and you just have to transfer a minimum of $50 (the crediting date is fixed and automated) every month. I am using it for my 'Play' money now, I.e. money that I have set aside for wants and play. So it gets emptied every few months or so. When I withdraw money for holidays, it is also from this account. So far there's no fuss in using this. It even pays interest, although it is low.
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  • Posted on 19 Sep 2019
    Super good account as do not need initial deposit to open the account. Good for new to workforce adult that have not much saving.
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  • Interest is too low. Will not recommend anyone to sign up for it. Look eslwhere. Try other banks instead.
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  • Posted on 18 Sep 2019
    The interest rate is minimal and there is no incentive to save each month. Would be great if there were targets or perks for saving!
    0 comments
    1
Questions (0)

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About DBS eMySavings Account

DBS eMySavings Account is a preset monthly savings account, of which users can save any amount from S$50 to S$3,000, in multiples of S$10, between the 1st and 25th of every month. Users can earn interest on monthly savings.

PROMOTION UNTIL 12 JANUARY 2020 - to receive a S$20 cash gift

  • Open an account online
  • Deposit and maintain a monthly contribution of at least S$50 for 6 consecutive months
  • No withdrawal to be made from the Special Savings Account for at least a 6-month Period

Interest for eMySavings Account / MySavings Account

Monthly transactions and relative interest:

  • 0.05% p.a. interest for monthly transactions of S$50 to S$290
  • 0.2% p.a. interest for monthly transactions of S$300 to S$790
  • 0.25% p.a. interest for monthly transactions of S$800 to S$1,490
  • 0.25% p.a. interest for monthly transactions of S$1,500 to S$3,000
  • 0.05% p.a. interest for failed crediting, withdrawal monthly transaction or account closed during the month

Eligibility

For all Singaporeans and Permanent Resident (PR) and Foreigners:

  • Aged at least 16 years old to open this account, and already have a DBS/POSB Savings/Current Account
  • Aged below 18 years old must have a valid iBanking login or ATM/Debit Card to apply