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Anonymous

12 Apr 2020

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Which bank accounts allow you to have "envelopes" for different savings goals - baby, home, travel etc. My wife and I are keen to open an account that can help divide our savings amount.?

We are keen to use an account for our collective savings goals.

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YT

12 Apr 2020

OCBC allows for that. Amount in the goal is like another separate account and cannot be touched, unless you delete the goal. You can create the goal through the OCBC App:

Choose Life/Savings Goal
Pick a category (Travel, Family, Emergency Fund, Insurance, New Car, New Home, Create your own goal)
Name your goal
Choose your deposit account
Decide on an end date
Create a recurring deposit of ___ on 12th of each month.

Alternatively, you can make do with whichever bank account you have now, but do a mental segregation using Excel/Google Sheets.

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