Mothers in Taiwan generally prefer to deposit their money in banks and perceive bank deposits as the optimal way to manage their wealth, a survey released by CTBC Bank showed Saturday.
Investments in insurance policies came in second in terms of the favored wealth management method among moms in Taiwan, according to the CTBC Bank survey. CTBC Bank is the flagship banking arm of CTBC Financial Holding Co.
The survey was released ahead of the Mother’s Day on Sunday to have a better understanding of how Taiwanese mothers lay down their financial plans to meet their financial needs.
CTBC Bank said that the survey showed that most mothers in Taiwan hold a conservative attitude in wealth management since they largely place their money in bank deposits and buy insurance plans, the two safest ways to manage their funds without worries over investment losses. [FULL STORY]