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As of 31 December 2015, POSB had total assets valued at US$133.7 million, with $63.81 million in customer deposits and made an after-tax profit of US$7.9 million in the calendar year 2015. [ 2 ] As at that time, the bank had over 500,000 savings accounts, maintained 34 brick and mortar branches, [ 3 ] operated 220 agency branches through ...
In 1983, its headquarters were shifted to the new 8-storey complex, the POSB Bank Centre at Bras Basah Road. In 1984, the current account facility was introduced, and by 1986, deposits crossed the S$10 billion mark. In March 1990, the Post Office Savings Bank was renamed as POSBank.
Post Office Savings Bank is a name used by postal savings systems in several countries, including: New Zealand, later renamed the PostBank; United Kingdom, later renamed the National Savings and Investments; Singapore, later renamed POSB Bank; Kenya, also known as the Kenya Post Office Savings Bank; Austra, also known as the Österreichische ...
Putting your savings in different vehicles — such as index funds, stocks, exchange-traded funds (ETFs), certificates of deposit, money market accounts, bonds and other investments — can help ...
Interest rates on savings accounts have steadily increased since the Federal Reserve began increasing the target benchmark rate in March 2022, leading to today's high-yield accounts that pay out 5 ...
As expected, many banks have recently reduced rates for accounts that earn interest, such as money market accounts and high-yield savings accounts (HYSAs). My own bank recently lowered the rate ...
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