Singlife Account

[kram62]

Anything above $10k is 1% interest for 10 001 onwards.

So every monthsary withdraw the $20+ interest lo. To max up the $10k

Indeed, there are other locations where this interest can work harder than 1%.

 

[Extremme]

so I just put $10k into Singlife

If in a months time my interest is $20.833

$10k = 2.5%
$20.833 = 1%

right? OR you are saying if it exceeds 10k, the whole amt is 1% (ie $10,020.83)?

 

[1993newbie]

$10k = 2.5%
$20.833 = 1%

This is correct

so I just put $10k into Singlife

If in a months time my interest is $20.833

$10k = 2.5%
$20.833 = 1%

right? OR you are saying if it exceeds 10k, the whole amt is 1% (ie $10,020.83)?

 

[silverbomb]

Interest is calculated daily roughly $0.67, so once the interest is out, it does not makes sense to leave it inside to earn 1% so just move it elsewhere. If you're lazy, then u do it once a year but the extra interest monthly credited will only earn 1% if u put 10k from the start.

 

[Extremme]

right now I really dont know where else to put...1% is already quite good haha

 

[wutawa]

right now I really dont know where else to put...1% is already quite good haha

Haha, me too. Putting my cash in fastsaver 1%.

 

[Panerex]

Just logged in and withdrawn my monthly interest.

No problem to do so, some loading screens took a few seconds to load but with a bit of patience all worked out on first try.

Very laggy app

 

[OnePunch!!]

Seem better now on iOS the app
I feedback to Singlife they say ya got some problem and noted

 

[iCuteCube]

It seems minimum withdraw is now $100. Anyone logging in from today can check if you get the same msg.

 

[silverbomb]

It seems minimum withdraw is now $100. Anyone logging in from today can check if you get the same msg.

Are u referring to minimum account value? It has been there set at $100 since the start and its inside the policy terms and tnc issued to you when you sign up.

 

[kram62]

It seems minimum withdraw is now $100. Anyone logging in from today can check if you get the same msg.

it's not the minimum withdrawal if you read the message carefully. It's the minimum account value.

 

[OnePunch!!]

Ya it’s min amount like posb min amount is $500 before teh start to charge service. Charge fee

But I bet we can withdraw fully if we want

 

[NickLeeSY]

Ya it’s min amount like posb min amount is $500 before teh start to charge service. Charge fee

But I bet we can withdraw fully if we want

What kind of fee?

 

[kram62]

Ya it’s min amount like posb min amount is $500 before teh start to charge service. Charge fee

But I bet we can withdraw fully if we want

There's no fall below fee. But if account value stays below 100 sgd for too long they can terminate the policy.

Did you actually read the policy documents before saying wrong things here? It's not a bank account, it's a fancy endowment plan.

 

[kram62]

There's no fall below fee. But if account value stays below 100 sgd for too long they can terminate the policy.

Did you actually read the policy documents before saying wrong things here? It's not a bank account, it's a fancy endowment plan.

Section 6 of TnC states that if account value is less than 100 sgd for 60 days you have 60 days to top up or they reserve the right to terminate the policy.

Section 8 states there's no fees associated with the policy.

 

[Shutterfly]

right now I really dont know where else to put...1% is already quite good haha

Agree. 1% is pretty good during this period. Maybank and eSaver too troublesome.

 

[Shutterfly]

Anyone here put 100k inside SingLife?

If interest rate doesn't change, should be able to get about $96 per month.

 

[Squaredot]

Anyone here put 100k inside SingLife?

If interest rate doesn't change, should be able to get about $96 per month.

Put 15k avg about 2%

 

[silverbomb]

Ya it’s min amount like posb min amount is $500 before teh start to charge service. Charge fee

But I bet we can withdraw fully if we want

if you're referring to withdrawing fully in Singlife, please read up the T&C of Singlife if you are currently holding an account. it states clearly that acct will be closed if zero balance in 60 days. and there will be no guarantee (50/50) that in future u want to apply again it will be approved.

 

[laurent_rio]

Anyone here put 100k inside SingLife?

If interest rate doesn't change, should be able to get about $96 per month.

above 10k only 1% = so you only get 29.72 sgd/month (assume 31 days month)