Why a Savings Account is a Lifesaver
By iMoney - Singapore  •  May 30, 2013

Even though a savings account may not be as popular nowadays, it might still be worthwhile taking a look at such bank product.

Many people go without saving. But wise men have already taught us that if we save something now, we are better equipped for the future. Even though using a savings account to accumulate interest may not be very popular nowadays, it might still be worthwhile to actually take a look at such bank product.

Types of savings account

As implied in the name, a savings account lets you accumulate money under your name. It can be an individual or a joint (for example with a friend, relative or partner) account. Besides that, there are other particular types interesting to consider.

  • Current account – A chequing account that doesn’t bear interest.
  • Savings account –  An interest earning account that usually doesn’t have chequing facility. Usually, the banks provide ...
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By iMoney - Singapore
Making things simple enough so you have the power to always make the right decision with your wallet.
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