POSB MySavings Account Interest Rate Dropped
POSB MySavings Account Interest Rate Dropped by almost half from the previous rate.
The interest previously:
|
Monthly Savings Amount |
Interest Rate |
|
$50 – $290 |
0.4500 |
|
$300 – $790 |
1.0000 |
|
$800 – $1,490 |
1.2000 |
|
$1,500 – $3,000 |
1.5000 |
The interest now:
|
Monthly Savings Amount |
Interest Rate |
|
$50 – $290 |
0.4000 |
|
$300 – $790 |
0.4000 |
|
$800 – $1,490 |
0.5000 |
|
$1,500 – $3,000 |
0.6000 |
After the latest change in interest rate for POSB MySavings Account, OCBC’s Monthly Savings Account seems to be a better choice since they offer interest rate of 0.88% p.a. or 1.18% p.a for amount $50-$790 and $800-$5000 respectively.
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