Our family status is not that high as we want. Now that I am working and is the breadwinner of the family, I am expected to give the needs and the wants of the family. The company that I am working with gave us a debit card to use it for the salary to receive. Can I get it to my family for them to use?
Maybank I savvy account offers a higher interest rate per annum as compared to other banks offerings. I believe that it is worth it to use them as a savings account where money accumulated is able to get higher interest.
Maybank iSAVvy Savings Account / 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 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
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
This Money Market Account provides the potential to earn even higher interest than an ordinary savings account would allow based on the daily prevailing Singapore Dollar Interbank Bid Rate. It also avails easy tracking of funds with separate monthly statement, online cheque payment service, direct transfer of funds between accounts, electronic statements and so on. The low point of this card has to be that it is only applicable to customers that are 55 years old and above
Citibank Money Market Account / Citibank Singapore
I use Maybank SaveUp for their 3% interest very competitive rate plus $50,000 insurance. I also use it for savings and not so much for transactions, so I'm ok with the user interface & lack of ATMs. Plus, their Maybank Platinum Visa Card has no annual fee, provided there is at least 1 transaction every quarter, and gives 3.33% cashback on almost any category of $300 spending free.
Maybank SaveUp Account / Maybank Singapore
No Name
Using others debit card comes with risks, even you have permission. Not all banks or debit card companies who issue them will permit you to do so. There are two different ways to authorize a friend or relative to use your debit card. You can add the person to your account officially as an authorized user, or you can simply share your card and personal identification number informally, as many people do.