Till now, I have not opened a savings account for my son. So i went browsing through some of the junior savings account in town. They are the POSB Kids Account, UOB Junior Saving Accounts, OCBC Young Savers (Mighty Savers), Maybank YoungStarz and Stanchart e$aver kids.
I particularly like the OCBC's offering. They have this Mighty Savers programe which encourages the children to save. It is quite similar to the scheme offered by POSB during my childhood days when i accumulate stamps to save.
However when it comes to interest rates, no one beats Standard Chartered! They are offering 1.2% p.a. as compared to the 0.25% to 0.5% p.a offered by the others. Must hurry down to Stanchart tomorrow liao...hmm fengshui master said must open a/c near the river...hehe
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3 comments:
I think they are revising the interest rate.
Its's 1.2% from 1 Nov 07.
Try May Bank Isavvy account at 1.68%?
Thanks for the info. Will update my blog. Btw Isavvy is not applicable for my son who is 9 months old. :p So the best deal around town for children is still e$aver.
There is a better deal from NTUC Thrift at 2.15%
Check it out!
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