e$aver Account
e$aver is an online savings account that gives you high interest rates on your savings with absolutely no lock-in period.
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At a glance:
- High Interest Rates
- No lock-in period
- No monthly fees
- No minimum deposit
- No minimum balance
- No fixed term
- No hardcopy statements to file
- No ATM cards, passbooks or cheque books to lose
Account Features
Benefits |
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Account Opening Requirements
- Nationality: Singapore Citizen / Singapore Permanent Resident / Foreigner
- Age: Minimum 18 years old
- Initial deposit: S$0
- Documents required:
- For online / mail in account opening (applicable to Singapore Citizens or Permanent Residents only)
- e$aver Application Form duly signed
- Copy of each applicant’s identity card (front and back)
- Cheque for the initial deposit for each applicant (cheque must be drawn on each applicant’s personal account in his / her own name at another local bank or Qualifying Full Bank)
- For branch account opening: Identity card / Passport
- For online / mail in account opening (applicable to Singapore Citizens or Permanent Residents only)
To credit your salary to your e$aver account
If you want to credit your salary to your e$aver account,please complete and send this form to your employer.
Key Charges
| Service | Charges |
| Minimum initial deposit | S$0 |
| Minimum average daily balance | S$0 (Note: If account is in $0 balance for 6 consecutive months, it will be closed automatically) |
| Fall-below fee | S$0 |
| Early account closure fee (within 6 months) | S$0 |
For more information, please call our 24-hour Phone Banking on 1800 747 7000 or click on My Request to schedule an appointment to open an account at one of our branches.
Important Notes:
- #Withdrawals at branch counters will incur a $5 service fee.
- e$aver is a savings account that can only be operated via Phone Banking or Internet Banking. There is no ATM card, passbook or monthly statements. Account holders must view their record of transactions via Internet Banking.
- Any Singapore dollar deposits held by non-bank depositors in eligible savings, fixed deposit and current accounts will be insured up to S$50,000 per depositor in accordance with the Deposit Insurance And Policy Owners' Protection Schemes Act.