Singlife Account

[wynnest]

Is it safe or worth to top up 100k to singlife as other banks interest lower than 1%

 

[reddevil0728]

Is it safe or worth to top up 100k to singlife as other banks interest lower than 1%

Define safe and worth?

 

[maumu]

Is it safe or worth to top up 100k to singlife as other banks interest lower than 1%

i think it's quite safe for now. they just merged with Aviva... and should be stronger financially / better off than before. more credible as well.

the only negative (as pointed out many times) is the cap of $20k withdrawal a day. which makes it less accessible in case need emergency funds.

 

[ackatso]

Is the interest only credited in only after 1 month of opening of the account or the start / end of each month?

 

[reddevil0728]

Is the interest only credited in only after 1 month of opening of the account or the start / end of each month?

By ur account opening monthiversary

 

[Thoreldan]

Yes. Singlife has adjusted the crediting rate from 2.5% to 2% for first 10k deposit

Jialat

 

[kram62]

To give some context, look at the drop of risk free bonds such as SSBs

Banks and insurers cannot do miracles and keep giving high interest rates magically.

 

[qingyong]

This has been answered dunno how many times

By ur account opening monthiversary

 

[chopra]

wa really can withdraw 30k. it's in my bank already

i whatsapped them at 7am yday. no reply. y ah y ah

 

[Cookie Muncher]

Is there something wrong the app? The interest earned is showing the same amount for 2 days

 

[piyozz]

Is there something wrong the app? The interest earned is showing the same amount for 2 days

Same here...

 

[maumu]

i whatsapped them at 7am yday. no reply. y ah y ah

what chiu whatsapp them about? whether they have lifted the 20k per day limit?

 

[dappermen]

Is there something wrong the app? The interest earned is showing the same amount for 2 days

i dont think they update on weekends?

 

[qingyong]

Yep. Sth is wrong

Is there something wrong the app? The interest earned is showing the same amount for 2 days

 

[DenOOO]

No problem with my daily accrued interest.

Checked yesterday and today.

 

[dappermen]

Do u guys really need to inspect daily? i dont
Maybe the invested amount must be huge

 

[reddevil0728]

Do u guys really need to inspect daily? i dont
Maybe the invested amount must be huge

some people are cynical

 

[dappermen]

some people are cynical

Wow!!!!


once i have place a cent into an investmt/saving tool , i must have done ALL my due diligence and is ready to commit! of cos no1 can predict whether is there another pandemic coming up or when vaccine will arrive, stop worrying about those unpredictables....

Once u have set your mind in it, move on.......
Some may be jumping that Singlife has dropped to 2% from 1 nov 2020 ....(orig 2.5%) this is expected as Nearly all Financial institution have dropped their rates

 

[reddevil0728]

Wow!!!!


once i have place a cent into an investmt/saving tool , i must have done ALL my due diligence and is ready to commit! of cos no1 can predict whether is there another pandemic coming up or when vaccine will arrive, stop worrying about those unpredictables....

Once u have set your mind in it, move on.......
Some may be jumping that Singlife has dropped to 2% from 1 nov 2020 ....(orig 2.5%) this is expected as Nearly all Financial institution have dropped their rates

i think they are concern that Singlife will cheat. like even though they advertise 2.5%, but they not giving 2.5%

 

[dappermen]

but they are governed by MAS - sbj to audit too even if u r not a financial institution

Which is why (i mentioned earlier) dont ever step into it or invest if u have doubts, dont ever, but once u r in, you set your mind in it already
Dont ever be a slave of your $, living in tenterhooks.....