SAVINGS to prepare for the worst

As a parent, we always want to give the best to our child.

So got to start planning for their future now and cultivate good money habits by encouraging them to save also when they start to know the concept of $$.

I have wanted to open up a saving account for Amabel.
I know it take sometime for me to do so. But it never be too late

I bring Amabel’s Birth Certificate to work today. Planning to get it done today lunchtime.

I compared only 4 banks on their kid saving account; POSBkids Account, UOB Junior Savers Account, OCBC Mighty Savers and Maybank Youngstarz Account.
In an hour time, I have decided on Maybank Youngstarz.



Why Maybank Youngstarz Account?
- One of the highest rates in for a children’s saving account: 0.50 %p.a. for the first S$3,000. Interest is calculated on a daily basis and credited at the end of each month.
- Free two-way Personal Accident Insurance that covers the parent and the child worldwide. (Based on maintaining a minimum deposit of S$500 in the account.)
- Insurance coverage protects against accidental death or permanent total disablement with a lump sum payout of up to 7 times the account balance or $350,000, whichever is lower, until the child reaches 18 years of age.
- Option to enjoy additional protection with Youngstarz Pack – Daily Hospital Cash Benefit for Hand, Foot and Mouth disease, Measles, Chicken Pox, Hepatitis A and more
- Specially designed Youngstarz Passbook to encourage children to save

The passbook is so cute and nice right

And I signed up for the Youngstarz Club for free and it came with a Youngstarz club prepaid card; a debit card that lets the kid make payment via the card at outlets displaying the MasterCard Electronic logo.



And can enjoy the following:
1. Year-long Discounts & Privileges
- For Kids
- For Mummy & Daddy
- For Family
2. Events, Workshops and Seminars on Parenting, Baby care, Child development and more at special member’s rate
3. Birthday surprises for your child
4. Quarterly Youngstarz Club Newsletter with exciting contests and workshops for children and to keep you updated on the latest events and promotions.

Really got to start saving for the child now. Is a secure for me and my children.

Update on Amabel's development and milestone coming up soon!

Labels: Saving