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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.
Kenya Post Office Savings Bank, often referred to as Postbank, is a Savings Bank in Kenya. Unlike other commercial banks in Kenya that are licensed and regulated by the Central Bank of Kenya , Postbank is regulated by the Kenya Post Office Savings Bank Act Cap 493B . [ 1 ]
Easier access to your money. Savings accounts let you withdraw funds anytime without penalties or restrictions. Unlike no-penalty CDs, you can make partial withdrawals without having to cash out ...
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 ...
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 ...
With many savings accounts paying a high interest rate, they're generally a great place to keep your money. But there are some downsides to leaving piles of money in a savings account. Here are a ...
The postal savings bank of Hungary was established on 1 February 1886 by order of Lax IX of 1885. This act initially only authorized savings accounts, but was later expanded by Law XXXIV of 1889, which authorized "checks and clearing" starting on 1 January 1890.