Singlife Account

[Ahboy069]

I got this sms that I’m qualified to sign up this account which has up to 2.5% interest for 10000 only ... anyone got it too ?

 

[BBCWatcher]

Practically everybody is eligible for that offer. Interest is not guaranteed, but the deposit is SDIC protected up to the applicable limit.

Minimum opening deposit is $500, and minimum to avoid account closure is $100.

 

[DOINK1]

I am contemplating to deposit $10000 to the account since its up to 2.5% interest but the app doesn't have an account number to deposit to.Have watsapp them and was told that the app has some issue.

 

[cassowary18]

Be aware that this is NOT a bank account, it's an endowment plan. Lock in period 3 years.

EDIT: sorry I got mixed up with another product that got launched today.

 

[linuskltan]

Did anyone manage to open an account successfully on the app? After keying in mobile number, I got stuck since I do not have a password (or username).

 

[DOINK1]

Did anyone manage to open an account successfully on the app? After keying in mobile number, I got stuck since I do not have a password (or username).

I did maybe cause I have an existing term insurance account with them. Anyway you can watsapp them via the number from the app given let them know.

 

[Ahboy069]

I manage to deposit $500 in n get a interest of 0.03 liao

 

[DOINK1]

I manage to deposit $500 in n get a interest of 0.03 liao

There's an account number for you to deposit to?

 

[Ahboy069]

Yes they must send u sms to say ur selected for the account then u can sign ip

 

[DOINK1]

Yes they must send u sms to say ur selected for the account then u can sign ip

I did received the SMS to sign up but no account number was given in the app after installing and updating my particulars. They told me there is a glitch in the system and told me to wait.

 

[addict951]

The 2.5% p. a. interest is it credited every month ar?
Not bad leh, put 10K inside, every month take $20.83 lunch money. Better than put inside Maybank 1.9%.

 

[luvpraline]

i'm on the waiting list for more than 2 months liao still no news when did u guys register for the waiting list?

 

[Geeezz]

singlife ish bank meh? how are they able to do a “bank account”?

edit: it’s nt bank account. ish an endowment product that offers liquidity... i tot here all siam endowment huan?

 

[addict951]

Btw, singlife's major shareholder(s) are who? Is one of the 3 banks a major shareholder?

 

[Value.Matrix]

singlife ish bank meh? how are they able to do a “bank account”?

edit: it’s nt bank account. ish an endowment product that offers liquidity... i tot here all siam endowment huan?

Different kind of endowment mah. Its like elastiq by TIQ etiqa.

 

[DOINK1]

singlife ish bank meh? how are they able to do a “bank account”?

edit: it’s nt bank account. ish an endowment product that offers liquidity... i tot here all siam endowment huan?

This endowment is kinda different cos money can be withdrawn easily with interest earn like a bank acc. Also has some insurance coverage too.

The only difference is the interest earn is not guaranteed and maximum of 2.5% for 1st 10k.

 

[demoforce1]

I did received the SMS to sign up but no account number was given in the app after installing and updating my particulars. They told me there is a glitch in the system and told me to wait.

signed up few months ago until now still no news

 

[ericz520]

Got the sms on 31 Jan and i signed up just in minutes. Everything was done by transferring $500 to singlife account. Interested peoples should sign up to earn the interests.

 

[demoforce1]

Got the sms on 31 Jan and i signed up just in minutes. Everything was done by transferring $500 to singlife account. Interested peoples should sign up to earn the interests.

I sign up again and only get sms "thank you, you have been added to the waitlist"

 

[Shyshy]

The 2.5% is not guaranteed but is there a minimum interest rate?