Singlife Account

[taotato]

Anyone knows how to withdraw from this Singlife account? Can’t find it in the app

 

[wutawa]

I am surprised that singlife account is covered under ppf.

 

[crystalnox]

I am surprised that singlife account is covered under ppf.

Because it’s really a life insurance plan that happens to behave like a traditional savings account.

They even provide a 14-day free look period as mentioned in their t&c, PPF coverage is mentioned there too.
https://singlife.com/sl-content/uploads/2020/02/Singlife-Account-Product-Summary_20191011.pdf

 

[crystalnox]

Is there any daily withdrawal limit, or can one FAST out entire account balance of $10K in one go if the interest rate drops significantly below 2.5% p.a.? Hopefully transferring fund out will be as seamless as transferring in.

We really won’t know until it actually happens and the mass exodus starts.

 

[wutawa]

Because it’s really a life insurance plan that happens to behave like a traditional savings account.

They even provide a 14-day free look period as mentioned in their t&c, PPF coverage is mentioned there too.
https://singlife.com/sl-content/uploads/2020/02/Singlife-Account-Product-Summary_20191011.pdf

No premium for this life insurance right? Hehe

 

[taotato]

Anyone knows how to withdraw from this Singlife account? Can’t find it in the app

I still cannot find the withdrawal option. Where is it ? Is there a minimum deposit before allowing withdrawal?

 

[Squaredot]

Anyone knows how to withdraw from this Singlife account? Can’t find it in the app

logout, login again still don't see Withdraw option? It's next to Top up.

 

[taotato]

logout, login again still don't see Withdraw option? It's next to Top up.

Thanks. Needed to fund at least $500 to see the Withdraw option. Now it's good.

 

[peppermint7]

I am surprised that singlife account is covered under ppf.

Wat are u waiting for. At maybank thread we already jio u to sign up

Den000 and myself already collected 2 to 3 months of interest liao

But when to exit have to decide yourself. Best not to wait for mass exodus. Lol

 

[wutawa]

Wat are u waiting for. At maybank thread we already jio u to sign up

Den000 and myself already collected 2 to 3 months of interest liao

But when to exit have to decide yourself. Best not to wait for mass exodus. Lol

Nice jio, but i am short in cash now. Even my isavvy may not get the 1.3%

 

[peppermint7]

Nice jio, but i am short in cash now. Even my isavvy may not get the 1.3%

If u can squeeze $500 out to chope the 2.5% 1st

Cos is for 1st 20k pax

Maybank incremental got to be at least 10k

This one min $500 can earn 2.5% liao

 

[Extremme]

If u can squeeze $500 out to chope the 2.5% 1st

Cos is for 1st 20k pax

What do you mean 1st 20k pax?

 

[peppermint7]

What do you mean 1st 20k pax?

Initial days all were told only 1st 20k pax will receive 2.5%

 

[ikilledbarbie]

Transferred money in last month and it was a breeze - showed up in account immediately. did it this month and it has been close to 3 days - still not appearing

Any one encountered the same problem? Whatsapped them and they said they are still checking

:|

 

[Freshy]

just open this evening...
transferred 1k... 500 each time..
both transfers show up within a few minutes... I transfer from DBS bank btw..

 

[Shutterfly]

Anyone putting more than 10k inside or safer/better to put elsewhere?

 

[PongRareRare]

When will the interest earned be credited into the main fund?

 

[crystalnox]

Anyone putting more than 10k inside or safer/better to put elsewhere?

Just put at CIMB, same 1%. But with proper banking facilities.

 

[1993newbie]

Will credit in every month on ur Singlife monthsary.

Basically mine was open on 20th Feb, my interest earned credited in every 20th.

When will the interest earned be credited into the main fund?

 

[Shutterfly]

Just put at CIMB, same 1%. But with proper banking facilities.

But CIMB only protect till 75k?