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LLy

16 May 2024

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What saving account do you open for your kids? Especially those in primary school. Not sure if there is any perks or promotion.

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Ricky Chan

25 Nov 2024

There is nothing much for savings account.

All saving accounts have base interest of 0.05%.

OCBC Frank has a range from 0.2-0.4% depending on amount in account so that is 4x more.

Unless you use a joint account, you can then open investment joint account which pays slightly more interest and even put it into money market which is slightly more. At the time of writing it, it is like 2+%.

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Alyssa Low

23 Sep 2024

You can have a short term, mid term goal and long term goal savings plan for your kids. Short term plan you can open a bank account (dbs/posb), mid term and long term you can consider to start endowment plan for your kids education fees (uni etc), legacy planning etc.

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tinycents

17 May 2024

The typical posb/dbs bank account...

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