Baby Fact #2: A baby is born every seven seconds

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Have you taken a step towards planning for your child?

According to latest news, Singapore is currently ranked 9th in the most expensive location in Asia to live in and it has also risen six places to attain 67^th position in global rankings, overtaking locations such as Guangzhou and Shenzhen.

Therefore you can expect the standard of living in Singapore to continue to stay at it is or even higher in the long run.

As parents, you should be aware of the various costs of raising up a baby.
Costs inclusive of baby diapers, baby milk power, baby's education, baby's clothings and many more...
Even with the baby bonus, all these will not be sufficient to cover up all your expenses over the years.

Currently, the interest rates of local banks stands at a range of about 0.1% to 0.4% being the highest.

Compare Singapore Savings Account Rates
Singapore Bank Savings Accounts
Amount in Sg $

Rates (% p.a.)
DBS Savings Plus
First $3000
0.100
Next $47000
0.100
Next $50000
0.250
Above $100000
0.250
OCBC Passbook Savings
First $10000
0.125
$10001 - $50000
0.175
$50001 - 250000
0.325
More than $250K
0.400
POSB Passbook
First $3000
0.125
Next $47000
0.125
Next $50000
0.250
Above $100000
0.250
UOB Passbook Savings
First $3000
0.125
Next $47000
0.175
Next $50K
0.325
Above $100K
0.400
Rates last updated 9 October 2009. Rates subject to change without prior notice.

As can be seen, if you were to save on a regular basis for your child's education, the returns that you can back is barely minimal.

Take for example: If you were to save $75/month, at the end of the year you will save $900. And of that, interest that is given is only $1 based on a 0.1%.

But if you were to look at a 3% returns on your savings, you will be looking at an approx $27 whereby is is actually approx 30times more!
And over the years, on a cumulative basis, you can expect these returns to get higher and higher.
So rather than to focus on your child's savings in the bank, why not start a plan with us with a higher return of 3% or even higher instead?

At the same time, we are giving away as much as $300+ attractive TAKA/RESORT WORLD SENTOSA vouchers when you sign up with us today!

for more details, please email at mummiesloveme@hotmail.com!


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