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Old 05-11-2018, 07:40 AM   #1
smart_alex
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Join Date: Jul 2018
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IS it worth continue my saving in POSB SAYE account?

Now I contribute about $500 per month into my POSB SAYE account, I am being lock for 2 years for 2%

is it better to withdraw the money and invest in other thing? like SSB or FD?


What you need to do:

Credit your monthly salary^ into a POSB/DBS account and select it as the debiting account for the monthly savings contribution into the POSB SAYE Account.
Determine a fixed monthly savings amount from S$50 to S$3,000 (in multiples of S$10).
Choose your preferred monthly savings date (between the 1st and 25th day of the month)*.
Make no withdrawal from the POSB SAYE Account.
Below is an illustration of the interest earned when you make a successful S$100 monthly contribution into your POSB SAYE Account on the 1st day of each month.
https://www.posb.com.sg/personal/dep...accounts/saye#
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