Singapore banks set aside 4.9 bln USD deposit with Money Lock

SINGAPORE, April 2 (Xinhua) -- Singaporean banks have set up over 78,000 bank accounts with the "Money Lock" service, setting aside savings of 6.6 billion Singapore dollars (4.9 billion U.S. dollars) as of March, an official told the Parliament Tuesday.

Customers aged 50 and above make up 44 percent of those who have used Money Lock, and those between 30 and 50 comprise 41 percent, said Alvin Tan, a board member