Young & Savvy

How to choose the right savings account

The interest rates for savings accounts are generally higher if account holders have a bigger balance or transact in more categories such as investments and credit cards. PHOTO: ST FILE
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SINGAPORE - It has been two sad years of watching my savings languish in my bank account amid low interest rates due to the Covid-19 pandemic.

I have been investing to grow my hard-earned money since I started work several years ago, but I am also aware of the need to build a nest egg to meet financial obligations or unforeseen expenses.

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