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(EXPIRED) POSB: Get 1.55% p.a. for 6 Months with New Fresh Funds Account from 25 Jul – 4 Aug 2016

27 Jul 2016 SGNewsMan Credit Cards, Prepaid Cards, Banks, Events

EXPIRED

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Starts25 Jul 2016 (Mon)Ends4 Aug 2016 (Thu)
Location POSB
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Get 1.55% p.a. interest for 6 months! Earn higher interest with the new POSB Fresh Funds Account promotion valid from 25 July 2016 to 4 August 2016

Capped at S$50,000, with no minimum amount required.

How to participate and how does this promotion work?

  1. Step 1: Open a POSB Fresh Funds Account online by 4 August 2016.
    1. If you have iBanking: Apply via iBanking
    2. If you do not have iBanking: Apply via ATM/Debit Card & PIN
  2. Step 2
    1. Deposit fresh funds* into your POSB Fresh Funds Account by 4 August 2016.
    2. Fresh funds deposit via cheque(s), cashier’s order(s) and demand draft(s) must be done by 4 August 2016, 3.30pm.
    3. During the POSB Fresh Funds Account opening process, you will be prompted to select an existing POSB/DBS Current or Savings Account to be used for signature reference. This same account will be used for the crediting of the Cash Gift Interest.
    4. This account has no applicable fees or charges.
    5. *Fresh funds refers to funds deposited through cheque(s), cashier’s order(s), demand draft(s), cash deposits, FAST credit, telegraphic transfer, share payment, IBG funds transfer and MEPS receipt. These exclude any funds from any DBS/POSB account and funds deposited via any DBS/POSB cheque(s), DBS/POSB cashier’s order(s) or DBS/POSB demand draft(s). During the POSB Fresh Funds Account opening process, you will be prompted to select an existing POSB/DBS Current or Savings Account which will be used for signature reference.
  3. Step 3: Maintain the fresh funds deposited in the account for 6 months until 4 February 2017.
  4. Step 4: The Cash Gift Interest will be credited into your reference account by 15 March 2017. Your POSB Fresh Funds Account will thereafter be auto-closed and the funds will be credited into your reference account.

Promotion terms and conditions apply.

Find a POSB branch near you

For more info, visit POSB’s website here

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