Singlife Account

[vsvs24]

The spend 0.5% not worth the effort. Only get $4.17 more interest per mth for spending $500 using the card.

 

[peppermint7]

The spend 0.5% not worth the effort. Only get $4.17 more interest per mth for spending $500 using the card.

0.5% is on the 1st 10k
So should be $50 if maintain 10k across the policy month

 

[Celibrium]

0.5% is on the 1st 10k
So should be $50 if maintain 10k across the policy month

$50 is based on per year, 12 months. He is correct that monthly is $4.17

 

[Insatiable_creat]

Sian.... Attracted enough investors liao now lower the rates...

 

[Squaredot]

Cut liao Cut liao Enjoy it while it last!

 

[reddevil0728]

So fast reduce interest liao....

Fast meh? Been a long time liao

 

[peppermint7]

$50 is based on per year, 12 months. He is correct that monthly is $4.17

Aiyo like that not worth already

 

[S1mpleGuy]

stil good. even the 1% tier wins all the banks rates now

 

[popime]

Fast meh? Been a long time liao

I mean when they bought aviva liao I suspect sure will do smth. So fast join the complicated Bank campaign crowds lol. But 2% is still not bad.

 

[vsvs24]

stil good. even the 1% tier wins all the banks rates now

And must applaud Singlife for sending email. The other banks just announce on website. Some sent emails or SMS much later than web announcement and some don't even send.

 

[vsvs24]

I mean when they bought aviva liao I suspect sure will do smth. So fast join the complicated Bank campaign crowds lol. But 2% is still not bad.

Could also be because a lot more accounts opened recently. Email say more than 180,000 accounts. Multiply that with at least $10,000

 

[juxtaposition]

This 2.5% started Feb 2020 ? Wow not even 12 mths n now drop to 2%.

 

[gazar1]

2% still ok for the 10k i am leaving there.

the rate is still higher than my SCB 1.88% 9-mth FD which just matured.... and I was happy to get a 1.88% FD rate already.

Now still have 1.88%?

 

[DenOOO]

This 2.5% started Feb 2020 ? Wow not even 12 mths n now drop to 2%.

All thanks to Covid-19.

 

[KenQuek]

Sian.... Attracted enough investors liao now lower the rates...

Not because of that. Because of uncertainty.

A lot of dividend cuts and some even omitting is expected over the months.
Don't be surprised next year it drops some more.

 

[1993newbie]

Phew, enjoyed Singlife with 2.5% for 7 months. This month marks my 8th months with them...

 

[GameTheory]

Sigh... all good things must come to an end

 

[kram62]

This 2.5% started Feb 2020 ? Wow not even 12 mths n now drop to 2%.

When the product was designed (which internally would have taken a few months of preparation) and launched in February, no one knew for sure that the global interest rates would drop so much so fast. At that time, high yield savings accounts easily get 2.4% with few hoops. US treasury bills had much higher interest rates, ...

Hindsight is easy. But not a reason to blame them.
They have held this 2.5% risk-free no lock-in no conditions rate longer than most other banks and insurers.

 

[Squaredot]

guys notice Singlife chut new pattern? But i won't be doing it

The good news is that it is still possible to keep earning 2.5% p.a. returns for the first S$10,000 through our upcoming Save, Spend, Earn Campaign*.

 

[maumu]

has anyone tested multiple withdrawals of $20k within a day as shared by someone here earlier today?