Savings

After months of anxiously waiting, you’ve finally welcomed your baby! Just like other parents, you’re surely beaming with joy. Sharing your happiness with you is the government of Singapore. To help parents keep up with the rising cost of raising a child, Singapore has launched the Child Development Account and Baby Bonus Cash Gift.

One of the most important things you need to know if you want to take control of your finances is to find out the difference between Discretionary Income vs Disposable Income. If you’re curious about what makes the two different, you’re on the right page.

Banks are trying to woo savers by increasing their interest rates, but these promotions may come to an end soon with global central banks easing up on rate hikes.

The biggest banks in Singapore have all raised interest rates on their savings accounts twice since August.

UOB recently raised the maximum rate for its flagship savings account to 7.8% per annum. This is the highest it has been in its seven-year history.

If you want a safe way to diversify your investment portfolio, one of the best things you can do is buy T-bills which are debt securities issued by the Singapore government. Keep on reading to find out more about this solid investment, and how you can buy it.
[Updated 16 January 2023]

Retirement planning is a crucial part of your life. If you want to live a better life during your golden years (and save on tax in the process), you’re probably familiar with SRS Top-Up. But what is it, and how can this strategy help you?

Having a joint banking account is an incredible banking solution for people who want to share their finances. If you’re wondering what the best joint bank accounts in Singapore are, you’re on the right page.

In a new survey by the Lee Kuan Yew School of Public Policy (LKYSPP) and UOB, it was revealed that many Singaporeans still use ATMs and visit banks, despite using mobile banking multiple times each month.

No matter how old you are or what stage you are in your life, savings should be one of your top priorities. If you want to ensure that you’re on the right track, this article will let you in on how much money you should have saved according to your age.

As borrowing rates continue to rise, more SG banks have announced great deals to help customers save.

Do you feel pressured to support your parents while nurturing your children? If so, you’re part of the Sandwich Generation. If you want to break free from the financial stress this responsibility brings, this article is for you.