Longevity of JumpStart account: How does the age range work? - Seedly
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Anonymous

Asked 2w ago

Longevity of JumpStart account: How does the age range work?

I just applied and got accepted for the JumpStart account today. The age range is from 18-26, and I am 21 this year. Will I still be able to use the account and make use of the interest rate once I am outside of the age range in 6 years?

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MJ
MJ
Level 4. Prodigy
Updated 4d ago

Yes, you'll still be able to use the account even after you are past 26.

However, this is a gentle reminder that it is capped to the first SGD20,000.

By the time you are 27, I believe that there might be a better high-interest savings account, so please do look out!​​​

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Basically, you are able to open the account if you are aged 18 to 26. Once you have opened the acccount, you are able to keep it beyond age 26.

I share quality content on estate planning and financial planning here.

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