BB Herng turns 4th month old today . I Decided to open bank accounts for him. Here we go.
B/A one: Hong Leong Bank
Savings- High savings interest at 2.90% p.a. up to RM50,000
- Interest calculated daily and credited monthly
- Savings passbook provided to help your child keep track of their finances
- Open an account now with RM 1
as compared to normal saving account:
Hong Leong Savings Account (wef 14/07/2010)
| Balance Range | Interest Rates p.a. |
|---|
| Up to RM10,000 | 0.10% |
| Up to RM50,000 | 0.25% |
| Up to RM100,000 | 0.50% |
There are no welcome gift when you open the junior account in HL Bank. However, you will get these when you deposit minimum RM3k and tied up for 4 months during July to October.
B/A two: CIMB Bank
Children's & Teenage Savings
 | Balance |  |
| | | Rates (% p.a) | |
|
| Up to RM1,000.99 | | 0.60 |
| Up to RM5,000.99 | | 0.70 |
| Up to RM25,000.99 | | 0.80 |
| Up to RM50,000.99 | | 0.80 |
| Up to RM100,000.99 | | 0.95 |
| Above RM100,000.99 | | 1.45 |
| | |
|
Basic Savings Account
| Balance | |
| | | Rates (% p.a) | |
|
| Up to RM1,000.99 | | 1.15 |
| Up to RM5,000.99 | | 1.15 |
| Up to RM25,000.99 | | 1.20 |
| Up to RM50,000.99 | | 1.25 |
| Up to RM100,000.99 | | 1.30 |
| Above RM100,000.99 | | 1.80 |
| |
One of the feature is Earn higher interest rates than a normal Savings Account. Anyway, if compared the two charts, I don't see that. Hmm...Conclusion is saving $$$ in HL is better idea...haha...
With an initial deposit of RM300, you will receive a limited edition coin bank and a specially designed CIMB Junior recognition card.
well-planned mummy and daddy :D
ReplyDeleteI'll read through what you've shared at here when i plan for mine in future :D
cute octopus :D
fen~