Singlife Account

[nicholasowj]

What happens if the company suddenly closes? Is my money with DBS or singlife?

 

[1993newbie]

21/4/2020 > My second month interest is in! So far so good

 

[addict951]

Those who opened recently - waited how nong then you see the debit card appeared in your mailbox? Thanks

 

[mosmos]

Those who opened recently - waited how nong then you see the debit card appeared in your mailbox? Thanks

About a week later after you requested for the card in the app.

 

[TiedInsurer]

Those who opened recently - waited how nong then you see the debit card appeared in your mailbox? Thanks

Mine took 2.5 weeks. I applied 3rd April. Got it yesterday.

 

[exterminazn]

Actually what’s the card useful for? I got it but just chuck it aside

 

[Sethisfy]

Actually what’s the card useful for? I got it but just chuck it aside

Retrenchment benefit, but probably still better to go for cashback/miles. No additional FX fees for non-SGD transactions: https://sethisfy.com/review-singlife-digital-account/

 

[bjornng]

hey guys, i think i might have some discrepancy in my singlife interest earned.. i was asking their CSO who informed me that the daily interest rate earned is:

* (1 + 2.5%) ^(1/365.25) -1 = 0.00676% per day (=<$10k)

using same analogy for >$10k:

* (1 + 1.0%) ^(1/365.25) -1 = 0.00272% per day


i did up an excel sheet and responded to their cso email last thursday, but no response as of today.

don't want to throw in the numbers here to confuse, so will provide the summary which i sent to the CSO:
I opened my Singlife account on 8th March 2020, and I had only S$100 in it from 12th - end of March. I received $5.96 interest for Mar 2020. Just by looking at the surface numbers, it would make no sense that with at least S$10,000 for 15 days (1-15 Apr), my interest is only reflected as $6.71.

 

[peppermint7]

hey guys, i think i might have some discrepancy in my singlife interest earned.. i was asking their CSO who informed me that the daily interest rate earned is:

* (1 + 2.5%) ^(1/365.25) -1 = 0.00676% per day (=<$10k)

using same analogy for >$10k:

* (1 + 1.0%) ^(1/365.25) -1 = 0.00272% per day


i did up an excel sheet and responded to their cso email last thursday, but no response as of today.

don't want to throw in the numbers here to confuse, so will provide the summary which i sent to the CSO:
I opened my Singlife account on 8th March 2020, and I had only S$100 in it from 12th - end of March. I received $5.96 interest for Mar 2020. Just by looking at the surface numbers, it would make no sense that with at least S$10,000 for 15 days (1-15 Apr), my interest is only reflected as $6.71.

I thought anything lower than $500 wont get 2.5%?

So u only get 10k @ 2.5% from 1st to 8th as 8th is your acc opening which u gotten your payout on

Your cycle is from 8th to 7th of following month correct?

 

[DenOOO]

hey guys, i think i might have some discrepancy in my singlife interest earned.. i was asking their CSO who informed me that the daily interest rate earned is:

* (1 + 2.5%) ^(1/365.25) -1 = 0.00676% per day (=<$10k)

using same analogy for >$10k:

* (1 + 1.0%) ^(1/365.25) -1 = 0.00272% per day


i did up an excel sheet and responded to their cso email last thursday, but no response as of today.

don't want to throw in the numbers here to confuse, so will provide the summary which i sent to the CSO:
I opened my Singlife account on 8th March 2020, and I had only S$100 in it from 12th - end of March. I received $5.96 interest for Mar 2020. Just by looking at the surface numbers, it would make no sense that with at least S$10,000 for 15 days (1-15 Apr), my interest is only reflected as $6.71.

Is it even possible to earn $5.96 over 20 days on a amount of $100 ?

Even a balance of $10,000 only gets you $13.50 over 20 days.

 

[peppermint7]

Is it even possible to earn $5.96 over 20 days on a amount of $100 ?

Even a balance of $10,000 only gets you $13.50 over 20 days.

For 1 day of 10k. Interest is 67c. 5.96 is more likely for 8 days of 10k

 

[DenOOO]

For 1 day of 10k. Interest is 67c. 5.96 is more likely for 8 days of 10k

ah he used calendar month instead...

 

[NTTDoCoMo]

hey guys, i think i might have some discrepancy in my singlife interest earned.. i was asking their CSO who informed me that the daily interest rate earned is:

* (1 + 2.5%) ^(1/365.25) -1 = 0.00676% per day (=<$10k)

using same analogy for >$10k:

* (1 + 1.0%) ^(1/365.25) -1 = 0.00272% per day


i did up an excel sheet and responded to their cso email last thursday, but no response as of today.

don't want to throw in the numbers here to confuse, so will provide the summary which i sent to the CSO:
I opened my Singlife account on 8th March 2020, and I had only S$100 in it from 12th - end of March. I received $5.96 interest for Mar 2020. Just by looking at the surface numbers, it would make no sense that with at least S$10,000 for 15 days (1-15 Apr), my interest is only reflected as $6.71.

You might want to refer to 13-Mar-2020 replies in this thread. Try using 2.4696% and see if tally with the amount you gotten for your 1st month.

 

[spec116]

I had 10k..but not sure y some of the day i got 67c..some days 68c

Day1,4,7,9 got 67c
Day2,3,5,6,8 got 68c

 

[oceanicmanta]

i hv 2 accounts, same amount, same day but 1c difference in interest

 

[twinbaby]

When will the interest be calculated? And deposited

 

[addict951]

i hv 2 accounts, same amount, same day but 1c difference in interest

1 not under your name is it?

 

[peppermint7]

1 not under your name is it?

Can only open with different NRIC lah

 

[peppermint7]

When will the interest be calculated? And deposited

Daily accrued. U can see it grows daily. (Can see cannot touch) Only once a month on account opening day this accrued interest is being deposited into your acc

 

[peppermint7]

i hv 2 accounts, same amount, same day but 1c difference in interest

Very strange.. open on same day b4 12 midnight should give same interest