Anonymous

14 Sep 2020

∙

I need to pay my kids school fees twice a year. So I usually put aside an amount every month. Is there any account that is preferred for this type of movement other than my regular savings account?

My intention is that i get some kind of minimal interest and I also don't use that money till I need to pay the fees. Which is every 6 months.

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Wong Zhi Bin

27 Dec 2023

Salary deposit account or kid account

Reply

Save

Show Lee

14 Sep 2020

A high-savings interest account is always generally preferred in your case.

Reply

Save

Gabriel Tham

27 May 2019

Tag Team Member at Kenichi Tag Team

High interest savings account like DBS multiplier, UOB One etc are good. If you have already maxed o...

Write your thoughts

Related Posts

I'm planning to set aside $500 every month for my kid future education expenses (eg primary school tuition fee, ballet). Any suggestions or recommendation on savings plan that can cater to my need?

I am 22 yo this year. After working 1+ years, I've managed to save up about $10k. Planning to do my degree next year & thought of investing, but I might need that money to pay for a part of the school fees next year. Hope to receive some advice.?

If I have 0 balance in DBS multiplier account, do I need to pay for fall below fee? I am using another high saving account. If they do charge for the fall below fee, should I delete the account?

I am 24 this year and have been working for a year. I still have no savings and what amount should I start saving every month?

Hey guys, I’ve been working for 2 years now and I’m just starting to be more conscious of my savings and spendings. I earn around 3k plus every month (save in normal POSB account) and save around 1k -?

Related Products

Standard Chartered JumpStart Account

4.8

778 Reviews

Maximum Interest: 2.50% p.a. for balances up to S$50,000

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

DBS/POSB Multiplier Account

4.4

321 Reviews

OCBC FRANK Account

4.7

211 Reviews

Related Posts

I'm planning to set aside $500 every month for my kid future education expenses (eg primary school tuition fee, ballet). Any suggestions or recommendation on savings plan that can cater to my need?

I am 22 yo this year. After working 1+ years, I've managed to save up about $10k. Planning to do my degree next year & thought of investing, but I might need that money to pay for a part of the school fees next year. Hope to receive some advice.?

If I have 0 balance in DBS multiplier account, do I need to pay for fall below fee? I am using another high saving account. If they do charge for the fall below fee, should I delete the account?

I am 24 this year and have been working for a year. I still have no savings and what amount should I start saving every month?

Hey guys, I’ve been working for 2 years now and I’m just starting to be more conscious of my savings and spendings. I earn around 3k plus every month (save in normal POSB account) and save around 1k -?