I only have one bank here in Singapore, all of my savings are being deposited to this specific bank that I have been trusting since I first got a job. Now there is news that the bank that I have been keeping my money has suddenly gone bankrupt and told that I would not be opening anytime soon. What should I do to get my money now?
Maybank Singapore goes the extra mile with this one to targets the elderly in new integrated banking package with access to products such as endowment and retirement plans. Maybank Singapore’s integrated package encompassing banking products with preferential savings rates and lifestyle perks for customers aged 50 and above as part of its efforts to help them grow their retirement funds is simple genius
Maybank Passion Plus Programme / Maybank Singapore
Maybank Passbook Savings Account is remarkably simple in terms of its interest rates structure, but has a few unique features when considering eligibility. To begin with, savings earn interest according to tiers within the balance. In other words, the first S$50,000 of a balance earns at 0.1875% p.a. interest, and any remaining balance beyond S$50,000 earns 0.25% p.a. In terms of eligibility, that may be a bit odd.
Maybank Passbook Savings Account / Maybank Singapore
The interest is quite low on this card as compared with other saving plan. It deducts 2 dollars per month on your account balance if it is lower than $500. The interest rate is minimal and there are no incentive to save each month. Super good account as they do not need initial deposit to open the account. Good for new to workforce adult that have not much saving.
DBS eMySavings Account / DBS Bank
I like that with the Citibank MaxiSave account the first check book upon account opening will be issued upon request, at no charge.Subsequent check books however are automatically replenished at S$15 each. Also the free check imaging printed on monthly statements for easy monitoring and tracking
Citibank MaxiSave Account / Citibank Singapore
This is a straightforward bank account which makes saving simple. As it does not come with the multiple criteria to earn a higher interest, the rate is lower compared to local banks, but up to 1.8% p.a. and there is no fall below fee involved. I use CIMB FastSaver to deposit savings for my parents and overall customer service is great since not many people use this bank.
CIMB FastSaver Account / CIMB Bank Berhad Singapore Branch
The initial deposit is only $10 and there are no fall below fee, while the account offers other kid-related perks such as birthday privileges, hand foot and mouth disease hospitalisation and outpatient insurance and personal accident insurance for you and your child. They’ve also got frequent promotions designed to attract kids. For instance, when opening a Youngstarz Savings Account, your kid gets a $20 POPULAR bookstore voucher.
Maybank Youngstarz Savings Account / Maybank Singapore
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Banks are the safest place to keep your money. But from time to time some banks experience bankruptcy. Most banks are FDIC secured. If your bank is under the FDIC your money is safe that is upto $250,000.