In December 2012, UOB launched their children savings account called Fun Savers.
The
UOB Fun Savers Savings Account for children pays interest of 2.9% p.a.
(as of December 2012) which is not to bad. You are allowed 1 FREE
withdrawal a month and subsequent withdrawal in the same month is
subjected to RM2 fee. The only thing I dislike about UOB Fun Savers is
that it credit the interest half-yearly versus Hong Leong Bank Junior
Savings Account which credit the interest monthly.
Want to know which is the Best Savings Account for Adult, Child, Dad, Mum, Grandpa and Grandma, click here to read my article on The Best Savings Account in Malaysia.