13 May '11, 9pm

Making sense of deposit accounts

Most people understand the importance of savings and are used to maintaining their money in a bank's deposit account. However, over the years, the simple deposit account has proliferated into many versions with varying features. These include savings, current, fixed deposit and structured deposit accounts. So how does one determine the type of deposit accounts he or she should go for? Deposit accounts can be broadly classified into four categories - transactional, regular savings, lump sum saving, and save and invest. STARTING WITH THE BASICS Everyone should have a deposit account for day-to-day transactional purposes. A savings or current account will ensure convenient access to your money and allow you to better track your expenditure, rather than keeping large amounts of cash with you. Some of the considerations when opening such an account are whether the bank offers a...

Full article: http://www.todayonline.com/Business/PersonalFinance/EDC11...

Tweets

Deposit Insurance Scheme increases coverage to ...

channelnewsasia.com 14 May '11, 9am

SINGAPORE: More financial protection for individuals and small businesses - under new deposit insurance legislation which ...

My first post as Dress Sense's ambassador

My first post as Dress Sense's ambassador

zoeraymond.com 12 May '11, 3pm

The very first gown I took was this! I remember seeing this dress over the facebook page and it was the first dress I was ...

St Games – Making Video Games A Social Activity For All

St Games – Making Video Games A Social Activity...

sgentrepreneurs.com 14 May '11, 9am

As they amassed more gaming equipment, it soon became clear that it would be a waste to not fully utilize them. So they st...

[TOC] S’poreans and PR job stats – making no sense

theonlinecitizen.com 21 May '11, 2pm

Mr Lee, in fact, my family and friends don’t really bothered the millions of dollars which you are drawing every year, If ...