SIF GoSavers Account

[Hwsemb]

* "Rates are subject to change without prior notice"

Anyone knows the previous lead times given when changing the interest rates (1 month in advance)?

Importantly, will there be email/SMS sent from SIF to customers to inform on any interest rate change?

 

[Shutterfly]

https://www.sif.com.sg/terms_n_conditions.php

Thanks for sharing.

 

[badsector]

Is it the same as CIMB fastsaver which can make withdrawal anytime?

Interest is counted daily?

Sent from Mercedes-Benz E250 using GAGT

yes

yes

 

[badsector]

1st 100k, the EIR = 1.065%

int higher than CIMB
no chq book
but got $2 fee if falls below 1k

correct?

 

[Devilsire]

Thanks for sharing. Sounds good after CIMB Fastsaver interest dip.



If i read it correctly, able to create account online via myinfo and fast in / out.



75k SDIC covered, no early account closure, EIR 1.065% (100k) / 1.053% (75k)
~$20+/mth extra (100k) compared to CIMB FS

 

[Squaredot]

Think 16 July can jump ship to Sing invest finance from cimb.

Sent from Mercedes-Benz E250 using GAGT

worth the jump?

 

[P R N D]

worth the jump?

Bro Devilsire said extra $20 if deposit 100k vs cimb 100k.

$20 can pay my SingTel phone bill.

Worth?

Sent from Mercedes-Benz E250 using GAGT

 

[DenOOO]

Think 16 July can jump ship to Sing invest finance from cimb.

Sent from Mercedes-Benz E250 using GAGT

Singlife is a bit better at 1.1x% EIR at both $75,000 and $100,000.

 

[badsector]

Bro, if deposit 110k, what's the effected rate?

Sent from Mercedes-Benz E250 using GAGT

110k, EIR = 1.068%

 

[Devilsire]

Bro, if deposit 110k, what's the effected rate?

Sent from Mercedes-Benz E250 using GAGT

75k 1.053% 65.81
100k 1.065% 88.75
110k 1.068% 97.90
160k 1.093% 145.73

worth the jump?

Yes if everything (from opening, fast-in/out) can be done online hassle free imo

 

[Shutterfly]

Bro Devilsire said extra $20 if deposit 100k vs cimb 100k.

$20 can pay my SingTel phone bill.

Worth?

Sent from Mercedes-Benz E250 using GAGT

I think worth it especially if you have two accounts at CIMB since deposit only protected until 75k.

 

[Devilsire]

Singlife is a bit better at 1.1x% EIR at both $75,000 and $100,000.

just went to take a look, but it stated

*Note that the 2.5% crediting rate is not guaranteed. The Singlife Account is an insurance savings plan. It is neither a bank savings account nor fixed deposit.

means what huh

 

[DenOOO]

just went to take a look, but it stated






means what huh

Subjected to change anytime.

 

[zoneguard]

Importantly, will there be email/SMS sent from SIF to customers to inform on any interest rate change?

You can use website monitoring like https://visualping.io/ to send yourself an email if SIF make changes to the interest rates on the product page.

 

[Devilsire]

ok after reading through briefly, i'll suggest have both instead

Singlife
10k 2.5% 20.83

SIF
75k 1.053% 65.81
100k 1.065% 88.75
110k 1.068% 97.90
160k 1.093% 145.73

Unless one really needs the 105% retrenchment/insurance benefits, 10k into singlife and any extra into SIF to maximise returns. Or first 10k in singlife, 75k SIF and balance in Singlife if one's risk adverse

 

[badsector]

ok after reading through briefly, i'll suggest have both instead

Singlife
10k 2.5% 20.83

SIF
75k 1.053% 65.81
100k 1.065% 88.75
110k 1.068% 97.90
160k 1.093% 145.73

Unless one really needs the 105% retrenchment/insurance benefits, 10k into singlife and any extra into SIF to maximise returns. Or first 10k in singlife, 75k SIF and balance in Singlife if one's risk adverse

my calc a bit higher. hopefully correct

SIF (31 day)
75k 1.053% 65.81 [mine $67.10]
100k 1.065% 88.75 [mine $90.45]
110k 1.068% 97.90 [mine $99.79]
160k 1.093% 145.73 [mine 1.094% $148.63]

 

[gq.ong88]

Upz for more discussion, anyone using this already?

Set up via singpass yday. Same day confirmation.

 

[Chua Zhiming]

Set up via singpass yday. Same day confirmation.

thanks for sharing, will open account on 1st july and shift all my CIMB funds over.

 

[Squaredot]

thanks for sharing, will open account on 1st july and shift all my CIMB funds over.

PRND is right. Don't move funds too early bro.

 

[Shutterfly]

thanks for sharing, will open account on 1st july and shift all my CIMB funds over.

I will probably do the same but shifting only half.