Singlife Account

[merlot6230]

Can show us the link that not guaranteer

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

 

[BBCWatcher]

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

Only if you die, and then your nominee gets 105% of what you deposited.

Can show us the link that not guaranteer

Right here: "Returns are not guaranteed."

 

[platee]

Why support amdk?

 

[luvpraline]

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.

when did u register your interest?

 

[Han Shot First]

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

If they paid a (minimum) interest of 0.05 % p.a. (like normal Singapore bank savings accounts) or even 0 % p.a., they would be telling the truth (with their advertisement).

Can you trust a company that is not upfront?

 

[greyice]

All hungry for fund? Saw similar product - Aviva MySecureSaver II – 2.28% pa Guaranteed For 3 Years

 

[BBCWatcher]

All hungry for fund? Saw similar product - Aviva MySecureSaver II – 2.28% pa Guaranteed For 3 Years

That's not a similar product at all. Singlife's bank-like account comes with a Visa card and allows you to add and/or remove funds any time you wish, without a surrender penalty.

Aviva's offer might still be a good offer for certain purposes, but it's a very different offer.

 

[demoforce1]

All hungry for fund? Saw similar product - Aviva MySecureSaver II – 2.28% pa Guaranteed For 3 Years

is the "Guaranteed" real?

 

[greyice]

is the "Guaranteed" real?

Not promoting, just came across the advertisement somewhere. Dyod.

As another forumer correctly quoted, this aviva is not the same as this thread singlife bank acct.

 

[testingabc]

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.

hi can i check how is the interest credited? daily or monthly? signed up last last year, just got the notification today. Not sure is it safe to top up $10K

 

[Hwsemb]

Regarding withdrawal of funds, is it similar to withdrawal for robo advisors, i.e. 1 or 2 working days to receive fund?

 

[yiron]

Oh wow! We’ve had an overwhelming response to new app invites sent out this morning, which led to some of you getting stuck. Sorry about that.

We’ve fixed it! You can try again: http://bit.ly/2PNE101

Overwhelming response???

 

[macchiato-addict]

Regarding withdrawal of funds, is it similar to withdrawal for robo advisors, i.e. 1 or 2 working days to receive fund?

It's immediate/within a few minutes, I tried before.

 

[fairylord]

Anyone getting 2.5%p.a?

Or really as per advertised, not guaranteed and may get nothing?

 

[TiedInsurer]

What are the modes of payment they accept? I pay with VISA or Mastercard can?

 

[TiedInsurer]

Wah lan eh... Singlife Customer Service Officer really kanasai. Dunno, but want to act like he know like that. Anyhow give wrong info. Transcript as follows:

TiedInsurer (3/5/2020, 2:35:25 PM): hi
TiedInsurer (3/5/2020, 2:35:32 PM): for the singlife account
TiedInsurer (3/5/2020, 2:35:45 PM): what are the modes of payment accepted?
Treasa Joseph S (3/5/2020, 2:42:00 PM): Thank you for contacting Singlife. You can only top up your account via Bank Transfer.
TiedInsurer (3/5/2020, 2:42:35 PM): ok
TiedInsurer (3/5/2020, 2:43:05 PM): how about withdrawing? Other than using the Singlife card to make payments, is there a way to withdraw funds in cash?
Treasa Joseph S (3/5/2020, 2:48:08 PM): Mr Chee, you cannot withdraw the amount by cash but you may use the Singlife card in order to make purchases
Treasa Joseph S (3/5/2020, 2:48:54 PM): Minimum amount is $5000 per day.
TiedInsurer (3/5/2020, 2:49:04 PM): what
TiedInsurer (3/5/2020, 2:49:33 PM): minimum spend is $5k? or minimum account balance?
TiedInsurer (3/5/2020, 2:49:53 PM): per day?
Treasa Joseph S (3/5/2020, 2:54:12 PM): - $5,000.00 for local/oversea transactions or
- 15 transactions by Singlife Card or
- $20,000.00 for withdrawals by FAST.
TiedInsurer (3/5/2020, 2:54:46 PM): huh? FAST? but you just said cannot withdraw.
TiedInsurer (3/5/2020, 2:54:50 PM): so can withdraw?
TiedInsurer (3/5/2020, 2:55:09 PM): and what do you mean by minimum? you meant maximum?

 

[TiedInsurer]

Wah lan eh... Singlife Customer Service Officer really kanasai. Dunno, but want to act like he know like that. Anyhow give wrong info. Transcript as follows:

TiedInsurer (3/5/2020, 2:35:25 PM): hi
TiedInsurer (3/5/2020, 2:35:32 PM): for the singlife account
TiedInsurer (3/5/2020, 2:35:45 PM): what are the modes of payment accepted?
Treasa Joseph S (3/5/2020, 2:42:00 PM): Thank you for contacting Singlife. You can only top up your account via Bank Transfer.
TiedInsurer (3/5/2020, 2:42:35 PM): ok
TiedInsurer (3/5/2020, 2:43:05 PM): how about withdrawing? Other than using the Singlife card to make payments, is there a way to withdraw funds in cash?
Treasa Joseph S (3/5/2020, 2:48:08 PM): Mr Chee, you cannot withdraw the amount by cash but you may use the Singlife card in order to make purchases
Treasa Joseph S (3/5/2020, 2:48:54 PM): Minimum amount is $5000 per day.
TiedInsurer (3/5/2020, 2:49:04 PM): what
TiedInsurer (3/5/2020, 2:49:33 PM): minimum spend is $5k? or minimum account balance?
TiedInsurer (3/5/2020, 2:49:53 PM): per day?
Treasa Joseph S (3/5/2020, 2:54:12 PM): - $5,000.00 for local/oversea transactions or
- 15 transactions by Singlife Card or
- $20,000.00 for withdrawals by FAST.
TiedInsurer (3/5/2020, 2:54:46 PM): huh? FAST? but you just said cannot withdraw.
TiedInsurer (3/5/2020, 2:54:50 PM): so can withdraw?
TiedInsurer (3/5/2020, 2:55:09 PM): and what do you mean by minimum? you meant maximum?

I think i ask them also no use. They don't know their own product. Anyone here who is already using, can answer for me?

1. Can top-up with credit cards?
2. Can withdraw to bank?
3. What's the max transaction amounts?
4. They claim no forex fees. But how's the spread?
5. Also, just in case: what the **** $5k minimum is this idiot talking about?

 

[Hwsemb]

Anyone getting 2.5%p.a?

Or really as per advertised, not guaranteed and may get nothing?

Based on the FAQs, we can check the monthly interest credited to us and see if it is 2.5% p.a.


Question:
How is interest calculated if my account value is changing daily? When is it credited into my account value?

Answer:
Interest is calculated daily and credited to your account value on a monthly basis.

The interest will be credited on the first day of the following policy month.

 

[testingabc]

It's immediate/within a few minutes, I tried before.

korkor can i know they withdraw? do they fast immediately to my bank account? and is the interest credited daily? and can withdraw interest daily? thanks in advance

 

[Hwsemb]

*****
Question:What are the crediting rates offered under the Singlife Account?

Answer:For the first 20,000 customers, we offer the following crediting rates:
2.5% p.a. of the account value between $100.00 and $10,000.00

1% p.a. of the account value between $10,000.01 and $100,000.00

0% p.a. of the account value above $100,000.00

Please refer to the Cover Page for more information and numerical sample illustrations.
*****

Does that mean that the 20,001 customer onwards will get another set of interest rates? Or just only 20,000 customers are allowed to open the account?



Other useful FAQs:
Q: Is there a limit to my daily spend/withdrawals?

A: S$5,000.00 for local/oversea transactions;
or 15 transactions by Singlife Card;
or S$20,000.00 for withdrawals by FAST.


Q:How do I withdraw money from my account?

A:Fast and Secure Transfers (“FAST”) to your designated personal bank account(s);
Spending using your Singlife Card.


Q:Who can put money into my Singlife Account?

A:Only you can. All funds transferred into your Singlife Account must be from one of your personal bank accounts that you designate.


Q:Can my Singlife Account be my salary account?

A:No. All funds into Singlife account can only be done by you and by way of FAST from one of your personal bank accounts.