12 Apr 2020
We are keen to use an account for our collective savings goals.
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.
Write your thoughts
Standard Chartered JumpStart Account
Up to 1% p.a.
MIN. INITIAL DEPOSIT
MIN. AVG DAILY BALANCE
DBS/POSB Multiplier Account
OCBC FRANK Account