Internet Banking Savings Account S17
Savings Account With No PassBook.
Special Savings account holders enjoy a higher interest rate and even lower fees.
- Funds available on demand
- No withdrawal fees
- 1 free transactions at other branches where prior arrangements made, otherwise small charge
- Withholding tax charged on interest is 10%
1% pa1
interest rate
| Internet Banking Saving Account S17 | |
|---|---|
| Features | |
| Minimum balance | Nil |
| Service fee | Free |
| Maintenance fees | $2 per quarter |
| Over the counter withdraw fee | Free |
| Number of free withdrawals | Unlimited |
| Dormancy fee | $2.50 monthly charge when account inactive over 1 year until account becomes nil balance or become active again. |
| Minimum deposit | Nil |
| Minimum withdrawal | $10 |
| Withdrawal fees | Free |
| Automatic deductions | Nil |
| Interest Income | Calculated monthly, paid annually, only on balances more than $100. |
Automatic deduction from savings accounts
- Customer can authorise automatic deductions from saving accounts for TDB loan account.
- PPAs or deduction to accounts at BSP, ANZ or MBF Bank.
- No fee charged when insufficient funds in account to make the payments.
- Must always ensure that there is sufficient fund in the Savings Pass Book and Accounts.
1. No interest on balances below $200.00
