UOB Bank Promotion: Savings Accounts

UOB Bank Promotion: Savings Accounts (Singapore)

Singapore Savings Account Rates presents UOB Bank Promotion: Savings Accounts of Passbook account and Uniplus account.

This is a banking promotion by UOB Bank Singapore for UOB savings account depositors to enjoy a golden start to the Year of the Tiger.

To qualify for UOB Bank Promotion: Savings Accounts, top up or open UOB Passbook savings account or Uniplus account during this promotion.

In this UOB Bank Promotion: Savings Accounts, receive a 24K Gold-plated tiger collectible Prosperity Tiger or Fortune Carp or Happiness Tiger; and an extra 0.5% pa on your savings. Promotional offer starts from 2 January 2010 to 31 march 2010.

Limited gift sets. Top up and account opening deposit sums apply. Terms and conditions apply. Read UOB Bank Singapore fine print for details.

Promotional savings account rates are subject to change without notice at the absolute discretion of bank.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best selected Singapore savings account rates.

The Team
Singapore Savings Account Rates.

Investing In Bank Accounts

Investing In Bank Accounts

This article on Investing in Bank Accounts is taken from MoneySense, a national financial education programme.

Singapore Savings Account Rates reproduces a part of it for the benefit of our numerous readers.

Before investing in bank accounts, you should be aware of the types of banking accounts and their suitability.

1) Types of banking accounts
Opening a bank account will help you manage your money to meet daily and emergency needs. At the same time, you can earn interest for your deposits with some types of accounts.

There are three main types of bank accounts, namely Savings, Current and Fixed Deposit Accounts. Their main features are tabulated below:¬

*If funds are required urgently you need to perform a premature withdrawal of the fixed deposit. A premature withdrawal may result in no payment of interest or partial loss of interest.

** Depending on the product features offered by your bank, you may choose to receive a passbook or regular account statements to keep track of your transactions and interest earned.

2) Which account is most suitable for me?

To decide what type of account is most suitable, consider your purpose of having the bank account.

If you are going to use your account for day-to-day money management, such as to pay bills, a current, savings or a combined current and savings account will be most useful.

If you are thinking of putting aside a sum of money for medium to long-term savings, then you may prefer to open a fixed deposit account.

For further reading on other consumer guides, please log on to the MoneySense website at www.moneysense.gov.sg

Thanks for reading Singapore Savings Account Rates.

The Team
Singapore Savings Account Rates.