Got spare funds lying around in your bank accounts? Now you can earn some extra interest with POSB!
Yes, that’s right. POSB Bank is giving you 1.45% p.a bonus interest for four months on top of existing base interest when open a POSB Higher Interest Account online and deposit fresh funds before 28 February 2017, 5pm.
No minimum amount is required, maximum capped at $150,000. Below are the steps in detail:
- Step 1
- Open a POSB Higher Interest Account online before 28 February 2017, 5pm.
- When you open the account online, you will be prompted to select an existing account that will be used for signature reference. Your Cash Gift Interest will be credited to this reference account.
- Apply via iBanking or via ATM/Debit Card & Pin.
- Step 2
- Deposit fresh funds* into your POSB Higher Interest Account by 28 February 2017.
- Fresh funds deposit via cheque(s), cashier’s order(s) and demand draft(s) must be done by 27 February 2017, 2pm.
- This account has no applicable fees or charges.
- Step 3
- Maintain the fresh funds deposited in the account for 4 months until 30 June 2017 inclusive.
- Step 4
- The Cash Gift Interest will be credited into your reference account by 31 July 2017. Your POSB Higher Interest Account will thereafter be auto-closed and all funds will be credited into your reference account.
Free money, anyone?
