Singlife Account

[oceanicmanta]

apparently, u can see the interest rate payable on the App the next day on a daily basis ...

crediting is monthly ...

i think 2.5% will b given in the short term, when there is sufficient accounts, this is unlikely to continue in current environment

 

[oceanicmanta]

SingLife FAQ

https://faq.singlife.com/FAQ_HomePage

then navigate to "Manage" tab

 

[yiron]

When they said that the crediting rates are not guaranteed, what does that mean? Does that mean that they can change the rate at any time but you would otherwise be entitled to 2.5% until further notice? Or does it mean your daily interest could fluctuate between 0% to 2.5% p.a.?

 

[bright_84]

I already applied. But on second look of the T&C don't think it makes much sense.

1. To get a "savings" account, you need to apply for a debit visa. Any fraudulent transaction doesn't seem to be managed by anyone so huge risk here.

2. No real guaranteed interest. Not even on the T&C.

3. Till now no one knows how to withdraw.

Huge risk in everyway. I'm hungry for return, but will pass.

 

[oceanicmanta]

Per FAQ : withdraw using FAST into your designated bank account

problem is setting up an account in App still kena stuck, even after getting OK SMS ...

 

[DenOOO]

I already applied. But on second look of the T&C don't think it makes much sense.

1. To get a "savings" account, you need to apply for a debit visa. Any fraudulent transaction doesn't seem to be managed by anyone so huge risk here.

2. No real guaranteed interest. Not even on the T&C.

3. Till now no one knows how to withdraw.

Huge risk in everyway. I'm hungry for return, but will pass.

Card is optional though.

Withdrawal is pretty straightforward in the app.

Perhaps the only risk is not guaranteed.

 

[Tengaboys]

Card is optional though.

Withdrawal is pretty straightforward in the app.

Perhaps the only risk is not guaranteed.

If return not guaranteed... Then boliao plan. Suddenly say interest 0.001%

 

[DenOOO]

If return not guaranteed... Then boliao plan. Suddenly say interest 0.001%

Can be 0% also

 

[deepblueli]

I just withdrew and waited 5 mins, still not received the fund. Doesn’t look like it is FAST.

 

[deepblueli]

I just withdrew and waited 5 mins, still not received the fund. Doesn’t look like it is FAST.

Just received, not too bad although don’t feel like instant.

 

[vddgnd]

Just received, not too bad although don’t feel like instant.

This account is actually an insurance. Anywhere stated the premium?

 

[deepblueli]

This account is actually an insurance. Anywhere stated the premium?

This looks more like saving than insurance. You can put in any money anytime you want and withdraw any money anytime you want. Interest is accrued daily.

The sum assured is the money you save + extra 5%.

“The interest earned will be calculated based on Your daily Account Value and will be credited on the first day of the following Policy Month. The crediting rates will be declared as annual rates and will be converted to daily rates on a compound basis assuming 365.25 days per year.”

 

[Tengaboys]

This looks more like saving than insurance. You can put in any money anytime you want and withdraw any money anytime you want. Interest is accrued daily.

The sum assured is the money you save + extra 5%.

“The interest earned will be calculated based on Your daily Account Value and will be credited on the first day of the following Policy Month. The crediting rates will be declared as annual rates and will be converted to daily rates on a compound basis assuming 365.25 days per year.”

The interest is confirmed 2.5% for first 10k issit? Any idea what interest above 10k?

 

[eDisFieD]

I have a Singlife account, which username is alphanumeric. However, when prompted to download the app, I was requested to input my mobile number instead follows by my password.

But it keeps failing to login which eventually got my account locked.

Anyone facing a problem like mine?

 

[DenOOO]

I have a Singlife account, which username is alphanumeric. However, when prompted to download the app, I was requested to input my mobile number instead follows by my password.

But it keeps failing to login which eventually got my account locked.

Anyone facing a problem like mine?

How do you get to choose your username ?

Mine was auto configured to be +65 followed by mobile number.

Perhaps you need to add in +65 before your mobile.

 

[eDisFieD]

How do you get to choose your username ?

Mine was auto configured to be +65 followed by mobile number.

Perhaps you need to add in +65 before your mobile.

I have an endowment with them, the username was created as such previously

 

[Xasteria]

I have an endowment with them, the username was created as such previously

I also have an existing account but the app will auto ask u key in your mobile no only. I just did today.

 

[deepblueli]

The interest is confirmed 2.5% for first 10k issit? Any idea what interest above 10k?

It is 2.5% now and they can change anytime they want. But there is no lock-in period so you are free to transfer out anytime if you are not happy with the interest rate

 

[vddgnd]

Just received, not too bad although don’t feel like instant.

Hi! May i know how soon the fund appear in the Singlife account after transfer in?

 

[deepblueli]

Hi! May i know how soon the fund appear in the Singlife account after transfer in?

Within a few mins, transfer in is faster than transfer out from my experience.