See the differences?
Assuming she has RM3,001 in her accounts, she’s getting an interest of RM84.6282 per year. Wow, there is a difference of RM78.6262! I can purchase about 1 gram of gold with that difference. And also, her interest is paid on monthly basis. For my Plus saving accounts, I got paid twice yearly on 30th June and 31st December.
Perhaps I can consider to park some of my money under her accounts. By the way, she can enjoy the Wise Saving Accounts untill 18 years old. After that, automatically, PB will transfer her account to Plus Saving Accounts.
Anyway, I see the reason behind. PB has a good intention to encourage the youngs to save for their education. It’s encouraging. I am considering to open a Wise Saving Account for my future children.