Posb $50 Cash Gift Promotion

The promotion period is from 8th March 2016 to 31st March 2016

If you have $4,800 of spare cash and you are considering to put into a safe fix deposit, you can consider this. In my view this currently gives you the best rate for a "6 month tenor fix deposit" in the market.

All you need to do is to click here and open a new deposit and eMSA account(via ibanking will be the easiest)

1) Before 25th April 2016 deposit at least $3,000 into the new deposit account for at least 6 consecutive months.

2) Maintain a monthly contribution amount of at least S$300 for a 6 month period, have the first contribution before 25th April and not withdraw from the eMSA account during the 6 month period. Which means the total amount you need for this account is 300 x 6 = $1800.

Fulfilling either 1) or 2) gives you only $20, which will be credited to your new deposit or eMSA account before 13th May 2016.

Fulfilling both 1) and 2) will give you $50 which is more worth it percentage wise.

Which means you  get a $50 cash gift for depositing a total of $4,800 within 6 months. That is an effective yield of 2.0833% p.a for your $4800. Not bad at all for a risk free investment. Do note that the eMSA and deposit account should also accrued interest within the 6 months of holding in addition to the $50 gift that you will be getting

If you think that you don't need too many accounts, you should be able to cancel both accounts once you receive the cash offer.


  1. Need to fulfil below condition for the deposit account.
    Credit salary to that account for at least a 6-
    month Period. Only salary crediting through
    GIRO with the transaction reference codes of
    "SAL" or “PAY” in your statements will qualify.

    1. Hi, no this is optional. You can choose to deposit 3k or credit your salary