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Malvin Tan WP

Writer at t.me/pwpfpodcast

27 Oct 2019

∙

When a bank account is frozen upon the death of the account owner. Will the money in the account continue to generate interest? ?

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Kelly Trinh

27 Oct 2019

Backoffice technical at financial services firm

The bank account is an asset of the estate and the death of the underlying account holder shouldn't be relevant. Given that the bank still has money they should be paying interest.

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Do you guys have a separate savings account or put all your money (expenses + savings) into the bank account that gives the most interest?

Does anyone strictly save money in another account and spend with a smaller account? How do you do so with the interest rates of the bank encouraging spending?

I'm getting a 5% interests from UOB ONE account base on the their current requirement. Should I continue to lock the money in this account or invest in stock?

Which bank account should I park my savings money of $10K to just grow and gain interest (not gonna touch or deposit further anymore)?

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