Forum
Last updated: 

What account is perfect for saving children fees aside from my regular savings account?

I usually put aside an amount of money each month to pay my kids school fees twice a year. Is there a recommended account that is preferred for this type of arrangement aside from using my regular savings account especially as my other intention is to get some kind of interest?

Search other products or providers:

User comments

  • user image

    No Name

    Try high interest savings account like DBS multiplier, UOB One etc. as the fit what you seek and are good. If you already maxed out those type of account already, you can also try CIMB Fast saver who just recently increased interest rates to 1.5% for above $50k.

    2019.08.01 18:0

Please leave your knowledge and opinion!

Related Forums

Savings

Buying a second hand item with damage

Savings

Can I use my savings for my maintenance medicine?

Savings

Do you recommend OCBC or UOB for corporate bank accounts?

I established a company in Singapore this April. I'm going to open a corporate bank account right away. For the time being, we mainly pay salaries to employees and receive money from clients. My friend recommended OCBC or UOB bank, but I'm not sure which bank to choose. Which bank do you recommend?

Savings

Who can recommend the ideal joint account suitable for couples?

Savings

I need to maintain my medicines.

Savings

What should I do? Someone hacked my bank account through my phone

Related Reviews

Savings

Comprehensive protection for your health, baggage and bank balance

ERGO TravelProtect Basic allows you to enjoy superior cover for worry-free holidays or business trips at some of the most affordable prices in the market. ERGO TravelProtect Travel Insurance provides comprehensive protection for your health, baggage and bank balance so you can focus on more important things – like sightseeing, exploring and relaxing. The price is very competitive with a good coverage for the yearly Asia plan. I personally got this plan because I travel mostly within Asia a lot.

ERGO TravelProtect Basic / ERGO Insurance

Savings

I appreciate them for adding the new category for pet boarding

Their coverage for overseas medical expenses, personal accident, travel delay and baggage delay are now slightly above average, which is awesome. Furthermore, as a pet owner I greatly appreciate them adding in the new category for pet boarding. In general, the Tokio Marine’s coverage is really quite comprehensive and they even cover most tourist adventure sports done at a leisure level. This includes bungee jumping and skydiving, which some other insurers don’t cover.

Tokio Marine TM Xplora Premier / Tokio Marine Insurance Singapore

Savings

Generally FWD offers decent coverage for a safe travel destination

I must say that the FWD Travel Insurance Premium is very easy to apply and also avails competitive rates as well. Generally FWD offers decent coverage for a safe travel destination however if you’re going somewhere with a higher risk involved like a ski trip for instance, you might want to consider specialized plans. But generally, the application process and ease of getting a quote upfront is great with competitive prices too.

FWD Travel Insurance Premium / FWD Singapore

Savings

A very good international reputation for its emergency assistance

Even though you may purchase this travel insurance from American Express channels, every aspect of the after-sales support is taken care of by Chubb Insurance. Chubb has a very good international reputation for its emergency assistance, which is reassuring if you ever worry about such unforeseen circumstances and events occurring. They have an efficient emergency hotline assistance service, while claims can be submitted online with supporting documents through Chubb’s online portal.

American Express VoyageGuard Travel Insurance Standard Plans / American Express International

Savings

A golf advantage cover that provides coverage for damaged or lost golf equipment in your checked luggage

Unfortunately, Allianz has pretty strict restrictions when it comes to sports coverage as you won't be covered for sailing, hunting, playing polo, mountaineering, skiing, rock climbing, parachuting or hang gliding. You do however, have a golf advantage cover that provides coverage for damaged or lost golf equipment that is in your checked luggage. Allianz has an efficient online claim portal allows customers to submit and file their claims online easily and if you have problems uploading your claim you can call or email them for assistance. If you are claiming for medical or dental expenses, you will still have to send original copies of your supporting documents and an acknowledgement email to the address in the table below.

Allianz Travel Protect Single Trip Gold Plan - Standard Chartered / Standard Chartered Bank Singapore

Savings

Coverage for pregnant women in their first or second trimester

If you’re an Aviva policyholder or have a family member who is one who qualifies for the 30% discount, then don’t hesitate on going for this. Without a doubt, this is the cheapest and most purchase worth travel insurance you can buy out there. If you’re not a policyholder, it’s still a really good deal if you can get 18% discount with the promo code. Those travelling to a bit more expensive countries will want to get the second tier plan for a few dollars more. For pregnant women in their first or second trimester or just any woman who could be travelling while pregnant, Aviva travel insurance is one of the very few options that will cover your condition.

AVIVA Travel Lite / Aviva