How to choose the right savings account

Sharing his views on how to choose the right savings account, SMU Assistant Professor of Finance (Education) Aurobindo Ghosh, who is also Director of the Citi Foundation-SMU Financial Literacy Programme for Young Adults said a main savings account needs to be readily available, with limited downtime, reliable apps, and little or no transaction costs. It also needs to have sufficient fraud detection capabilities and should be interoperable round the clock across multiple platforms such as online and mobile banking, with expense-tracking features, he added.