Your children are never too young to start saving. When you instil in your child the wisdom and self-discipline in money matters, you are also cultivating their sense of responsibility from young. Such knowledge can offer tremendous value not only at a young age but also when they mature into adulthood. One simple first step to help your children along this financial journey is to open a high-yield savings account in Singapore for them. How to select the best savings accounts for your little ones? This article will provide some insights.

Factors To Consider When Opening a Savings Account For Your Child

Savings accounts for children offered by different banks often come with slight differences in terms and conditions. To fully optimise the benefit of a savings account, there are three factors you should look out for.

1. Joint Account That Allows You and Your Child To Manage Together

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