DBS/POSB: Earn up to 1.30% p.a. with 18-mth fixed deposits (From 3 July 2020) UPDATED 6 Sep 2020

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DBS/POSB Singapore Dollar (S$) Fixed Deposit Account gives you the opportunity to maximise your savings with attractive interest, while keeping your funds secure.

Update Sep 6: No longer available

Benefits

• Affordability and Convenience: fixed deposit amount begin at S$1,000 with a deposit tenor of your choice, and you can begin a new placement via iBanking or at any of DBS/POSB branches
• Added value: you may use your S$ Fixed Deposit as collateral for credit facilities (subject to credit approval) and may make a placement using cash.

Eligibility and Requirements

• You are eligible for this account if you are at least 12 years old. For customers younger than 12 years, a trust minor account may be opened with a parent or legal guardian who is at least 21 years old.

Note: The maximum 1.30% p.a. only applies to 18 month deposits of up to a maximum of $49,999. Interest rates for tenors of 12 months and above are applicable only to rollover of existing placements at the same tenor.

Rates as of 3 July 2020

For more info, click here

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