Two Bank Accounts? No, You may need Four! - (4)

Read? Two Bank Accounts? No, You may need Four! - (3)

My cyber readers, MayBank is now giving you 4 accounts that you need for a peace of mind in investing. hee hee!

Maybank Singapore launches new savings management tool


SINGAPORE: Maybank Singapore has launched a new savings management tool for its deposit accounts.


The bank said that with this innovation, depositors will not need to open multiple savings accounts when saving for different goals and occasions.

This means that depositors can create sub-accounts that reside within their main savings account using this free tool.

Maybank said that for example, one can name sub-accounts as "Paris holiday - S$5,000, by end November", or "Mountain bike - S$2,000, by 15th October".

The bank said it has received feedback from customers that they opened multiple savings accounts to better manage their finances. It added that this will encourage customers to save towards their goals and dreams.

According to Maybank, up to 15 sub-accounts can be created, and depositors will still enjoy the same interest rate in their sub-accounts.

-CNA/ac