Everyone knows how important having a savings account is for your financial stability. It helps you manage how your cash flow is spent and what kind of goals you need to set up for yourself in the future. For most of you, your parents most likely opened a savings account for you when you were young. Some people use this savings account for the rest of their life for all kinds of expenditures, while others open up multiple accounts. Before we delve into savings accounts Singapore banks provide, let’s see what actually is a savings account. What is a Savings Account? A savings account is a bank account at any retail bank. You put your savings into the bank account, and the bank will pay you some interest from the money you have deposited. Some banks may require the account holder to have a minimum balance amount, regular deposits, or...