An honorable member of the Coffee Shop Has Just Posted the Following:
SINGAPORE: POSB on Monday (Jun 20) launched a new programme to encourage full-time national serviceman (NSFs) to develop a habit of saving.
Called the Save-As-You-Serve Programme (POSB SAYS), it was developed in partnership with HomeTeamNS and SAFRA. POSB is the first bank in Singapore to offer a rewards programme specifically for NSFs and NSmen.
Under this programme,
NSFs will get an interest rate of 2 per cent per annum on their monthly contribution to the savings account for the entire duration of their full-time national service period, up to 24 months. Regular savings accounts currently only attract 0.05 per cent interest.
A stipulated amount between S$50 and S$3,000 will be deducted from a separate POSB/DSB account where national service allowances have been credited.
The programme was unveiled at a launch event by Senior Minister of State and President of HomeTeamNS, Mr Desmond Lee.
“I am heartened to know that many companies share our vision to recognize our NS community and have partnered HomeTeamNS and SAFRA to introduce new benefits to our members,” said Mr Lee. “I hope more partners will come on board to introduce other innovative programmes to recognise the contributions of our NSFs and NSmen in keeping Singapore safe and secure.”
NSFs and NSmen will also enjoy enhanced rebates of 2 per cent on all local contactless spends made on their Home TeamNS-PAssion-POSB Debit Card and SAFRA DBS Debit Card. There is a minimum spend of S$400 per calendar month for NSmen, while NSFs get to enjoy the rebate without a minimum spend.
POSB said they are looking into the possibility of extending this programme to the public, should the response be favourable.
http://www.channelnewsasia.com/news/...s/2888006.html
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21-06-2016, 05:10 AM
Serious POSB Offers 2% Interest For NSFs!! May Extend To Public If They All Say PAP V
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