Can I change my fixed monthly / annual savings amount?
Yes, you can. If you wish to increase the monthly savings amount, you can start depositing the new amount with immediate effect and you do not have to inform the Branches. If you wish to decrease the monthly savings amount lower than the minimum monthly deposit amount required, you may do so but you may earn the lower profit rate of 1.00%p.a. If you foresee that you might take longer to save up for Hajj, you may consider taking up our S$125 per month package which allows you to save up only S$125 per month which will take you 20 years to save up.
After taking up a certain monthly deposit amount package, if you foresee that you might take longer to save up for Hajj, you may write in to request to switch to a lower monthly deposit amount package. This is subjected to Bank’s approval and discretion.