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In Singapore, POSB is a local bank that is tied up with DBS.

All resources are “shared” among them. When you visit a a POSB outlet, you may do services offered by DBS, and vice versa. What I got here is another savings plan that is slightly more flexible. If you look at the CitiBanks’s saving plan, you’ll notice that it’s quite rigid. You need a minimum $500 and make sure balances of the current month don’t drop below the previous month.

However, this POSB bank’s saving plan (named cialis buy cialis “MySavings Account”) has the freedom of putting in any amount monthly, and it doesn’t have a termination fee before 6 months of issue. It is offering a 1.0% for savings from $300 to $790, 1.2% for $800-1490 and 1.6% for $1500-$3000.

So I always have this in mind. Whenever I have cash, I won’t let it sit in a regular savings accounts. Instead, put it into an account that allows flexibility. Theres good and theres bad, and there isn’t much money on hand I could spend now.

This is called discipline saving and I hope everyone follows!