Does Dbs Digivault Give The Same Interest As Posb Savings
The interest rates for DBS Digivault and POSB savings accounts differ significantly based on current offerings. According to the information retrieved, the DBS Digivault Standalone Account has a base interest rate of 0.05% per annum, which is quite low. In comparison, the POSB eMySavings account has a similar base interest rate of 0.05% but also offers a bonus interest rate of 0.25% for deposits between S$1,500 and S$3,000, leading to a potential total interest rate of 0.30% for eligible balances.
On the other hand, for those looking for higher returns, the DBS Multiplier Account boasts a much more attractive structure, potentially offering interest rates of up to 4.10% depending on the number of transactions conducted monthly and the account balance.
In summary, while both the DBS Digivault and POSB eMySavings accounts start with a basic interest rate of 0.05%, POSB offers additional benefits that can enhance the overall interest earned. If you're looking for significantly higher rates, it's worth considering other options like the DBS Multiplier Account.
For detailed information, you can check the following links:
- Best High Interest POSB Savings Account 2024
- Money Lock Singapore Comparison (2024)
- Best High Interest DBS Savings Account 2024
- Find and Compare the Best Savings & Deposits Account for You
- 10 Best Savings Accounts in Singapore with the Highest Interest
- High Interest Savings Account with Multiplier - POSB
- Best Savings Accounts In Singapore To Stash Your Cash (2024)
Sources
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