Advertisement

Anonymous

20 Jul 2020

∙

Planning to set up a savings account for my child but not sure which is the best. Would like to ask the community what are some of the most popular choices I can consider and what are their rates?

I know some of the most popular names are POSB, OCBC and UOB.

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Tan Wei Ming

20 Jul 2020

Founder and Writer at Frugal Youth Invests

You can sign up for Child Development Account. Just check UOB CDA account is offering 2% p.a. interest.

Reply

Save

Write your thoughts

Related Posts

Hey Guys! I would like to ask which combination of credit card & savings account is the best for my situation?

I'm an undergrad who has no savings and would like to start saving by chucking a portion of my allowance into a new bank account every month. Which savings account would be the best?

I'm planning to get a new flat and would like to ask the Community for suggestions on which neighbourhood or area would be good. Where do you guys live in currently and why is it good?

Would you save your money in an investment plan (projected interest rate at ~7-10%) or save it in the bank (interest rate at 0.05%) or save it in a savings plan (interest rate at 3%)?

Hi, I have recently opened the DBS Multiplier account. I would like to increase the interest rate by making transactions in the investment category. What are some possible unit trusts to consider if I already have the POSB Investsaver? ?

Related Products

Standard Chartered JumpStart Account

4.8

782 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

212 Reviews

Related Posts

Hey Guys! I would like to ask which combination of credit card & savings account is the best for my situation?

I'm an undergrad who has no savings and would like to start saving by chucking a portion of my allowance into a new bank account every month. Which savings account would be the best?

I'm planning to get a new flat and would like to ask the Community for suggestions on which neighbourhood or area would be good. Where do you guys live in currently and why is it good?

Would you save your money in an investment plan (projected interest rate at ~7-10%) or save it in the bank (interest rate at 0.05%) or save it in a savings plan (interest rate at 3%)?

Hi, I have recently opened the DBS Multiplier account. I would like to increase the interest rate by making transactions in the investment category. What are some possible unit trusts to consider if I already have the POSB Investsaver? ?

Advertisement