What is wrong with having one bank account for the entire family? Nothing! However, financial stability may be reaped through spreading your eggs in several baskets. Setting aside enough cash to maintain one account is already a tough task, especially if you are barely making ends meet. If you can afford to keep your money in separate accounts, the management of your finances will be better. Firstly, you will be able to track expenses related to your specific financial goal.
While getting your personal finances sorted out, it’s important to get your foundation right. And one of the most basic things that you’ll need when it comes to managing your money is a savings account, preferably one with a high-interest rate. With so many options available, how do you choose the best one for yourself? Simple. You just use Seedly’s Savings Account Calculator to help you. And best of all, it’s completely free to use! Free? Really Meh? Here at
Most of us have a savings accounts with POSB/DBS. This Lunar New Year, you can receive a prosperous S$28 Hong Bao from DBS/POSB when you open a new Deposit Account or an eMySavings/SAYE Account online! Promotion ends 28 February 2017. Terms and conditions apply. This is easily achievable if you create a new Deposit Account as you can just deposit a minimum of S$3,000 into your newly opened account and maintain a minimum average balance of S$3,000 for at least
In Singapore, savings accounts predominantly require a minimum amount of deposit. The amount ranges from S$0-1000. To get most of the benefits of your savings account some encourage you to transact more while others encourage you to withdraw less. That said, here are 2016’s Most Profitable Savings Accounts In Singapore as they offer the highest interest rates to date… 4. BANK OF CHINA SGD SAVINGS ACCOUNT The Bank of China SGD Savings Account is a passbook savings account that offers
According to Investopedia, Savings Account is an account managed by the bank which provides principal security and a moderate interest rate. Personally, I value this financial tool because it serves as an accessible shield to cover the immediate expenses. Before you open your own savings account, here are the 5 helpful and feasible things you should consider… 1. HOW MUCH TO SAVE Having enough money in reservation, especially in an expensive country such as Singapore, is very important not just