National Service is compulsory for all Singaporeans male. I myself is enlisting to serve the nation this year too. Before I go into today’s post, this post is not sponsored by POSB. The reason I wrote this post because I came across this savings account while suggesting some recommend bank accounts for my friend in NS. This post is to share the savings account NSF should have for the next 2 years of service. NS is a great opportunity where you can save as much money as possible to partially fund your further education fees.

Remember how our parents will help us to sign up for POSB Kids Account which yield 0.05% interest per annum? The interest amount credited into our account is so meagre that we might not be motivated to save more.

3 years ago, POSB introduced a savings plan for NSF called POSB Save As You Serve