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Anonymous

10 Nov 2020

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What's a good savings account for kids with less than $10k to deposit at?

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Jing Wei

10 Nov 2020

Under 18 years old: The savings account available for under 18yo are not special and I will say none of the account stands out. OCBC Frank have the highest interest but it’s still quite little.

Above 18 years old: Jumpstart is not bad, the interest is higher than other savings account. Or Singlife, it gives 2% interest but it’s not exactly a bank account.

**There are just my opinion

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I started on my first job and managed to save up to 10k. I researched that Singlife has the highest interest account. Would it be wise to deposit all 10k into Singlife?

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Savings less than 10k in bank, should I put in Syfe cash+ or Singlife? Are there better alternatives for savings account out there?

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