Which is your preferred Kids Savings Account?

[micollh]

KSP, standard chartered save & build game again. http://www.standardchartered.com.sg/promotion/save_n_build2/index.html?camp_id=mnbnr_save-n-build2-bnr


but this round, no participation encouragement of $10.

[NaNaAYie]

For my daughter and son, I opened for them OCBC Mighty savers account for daily savings and once they have saved upto SGD 20.00, then will head down to OCBC to get a new set of stickers.


Have another one under POSBkids for their AP and BDay $$$. Also NTUC thrift for junior for as and when I have xtra then I will put into that account.

[Sunshine lady]

for the ds, i opened a esaver kid account recently. I dun see any requirement for giro???? Nonetheless, i made a standing instruction to debit xx from my saving account to his esaver kid a/c.


seems that ocbc mighty saver is more popular than scb esaver kid.. :xedfingers:

[Lshawn]

ocbc is good cos it gives alot of freebies and perks to my kids but the waiting time at the queue is too much of a hassle.

[daryltheman]

What are the deposits rate for getting a savings account in Singapore for my elder son 3.5 years of age…

[BigDevil]

You can find some information in the first post of http://www.kiasuparents.com/kiasu/forum/viewtopic.php?f=47&t=13010.


But do note that information in that post was accurate as of Aug 2010. For the latest rates, you will have to visit individual bank's website.

[daryltheman]

Thanks lor…

just wanted to know the personal opinion of parents about the best bank to have kids savings account with,

[BigDevil]

The thread I quoted specifically discuss children savings accounts.


So I will soon merge this thread with that.

[Jimm1978]

I checked the DBS website, their latest deposit rates is at 0.0500%. I think most banks’ rates are more or less the same.

[Eagle-Ladybird]

At 3.5 years old, I think it makes more sense to have a piggy bank, where physical coins are deposited, and the little fella can feel it, shake it and proudly tell everybody who comes over that he’s rich !!


A passbook does not have that effect, and interest is not what you are going for at this stage anyway.