Singlife Account

[spec116]

U can put in $500. See 12 midnight got 3c interest in. If no then withdraw all out lo

Another way is to WhatsApp them to find out

They daily credit the interest to u?

I see the faq..they put like tis

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.

 

[saintgtril]

The 2.5% per annum return is only eligible to the first 20,000 customers

Still got chance if i go sign up now?

This is a good question. How to tell ya? The apps does not indicate the interest earned

 

[peppermint7]

They daily credit the interest to u?

I see the faq..they put like tis

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.

Daily they accrued. U can see the accrued interest grows each day

Every month on your acc opening date they credit this lump sum accrued interest to your acc

 

[spec116]

How fast is the withdrawal?
Mine 2hrs liao havnt reflect in my posb acc

*Edit* ok..got it already
But funny that it is not reflected as FAST transfer..reflected as "remittance transfer of fund"

 

[swathe]

Anyone know still within 20000?

 

[spec116]

Anyone know still within 20000?

I jus register yesterday..put 500 to test and got 3c after 1day
Which is cfm 2.5% liao
U can go open now

 

[peppermint7]

How fast is the withdrawal?
Mine 2hrs liao havnt reflect in my posb acc

*Edit* ok..got it already
But funny that it is not reflected as FAST transfer..reflected as "remittance transfer of fund"

Not only that. After a few days u will also receive a letter from your bank informing u about this remittance withdrawal

 

[direbmem]

You need to transfer at least $500 to open the account. Subsequently need a minimum of $100 inside.

it works. Thank U!

 

[weiming41]

Received 0.33 for 5,000 deposit
Which equates to 2.41% interest rate.

 

[sleepingcat]

Huh... so the money is received monthly? or yearly?

If yearly only $250...

 

[1993newbie]

Monthly it will credit into the Singlife acc.

Huh... so the money is received monthly? or yearly?

If yearly only $250...

 

[weiming41]

Is the money received on 1st of every month or any specific date ? The TnC didn't state on that though.

Monthly it will credit into the Singlife acc.

 

[1993newbie]

The day u apply will be your monthly interest credit date.
Like mine I applied on 20th Feb, Receive my first interest on 20th March.
Will receive my second interest in few days time.

Is the money received on 1st of every month or any specific date ? The TnC didn't state on that though.

 

[lim.tina]

now policypal opening up a waitlist for tiq 3 year endowment, 2.1% guaranteed leg. if buy from policypa, can earn up to $100 rebates. they called me yesterday to tell me about this. can explore this if you're interested..

 

[lim.tina]

i saw that singlife also partners with policypal...

 

[lim.tina]

Received 0.33 for 5,000 deposit
Which equates to 2.41% interest rate.

wa good leh

 

[lim.tina]

https://forms.gle/E7UFTX7db5nR78Tc8 can sign up here for wait list for tiq

 

[swathe]

From the SDIC website, the PPF scheme only covers if:

you have a claim under a life insured policy which happened before the PPF Scheme member failed;
you have given notice to the life insurer that you want to surrender a life insured policy before the failure; or
if your policies have matured before the insurer fails; or
you have been receiving annuity payments,


So it means you can only claim if you have communicated your intention to withdraw before they fail?

Not very certain about this provision. Any views guys?

This makes it concerning that the protection is not sufficiently there or what most perceived.

 

[IcYFl4mEz]

10k a month i read shld be about $25? I open acct on 16 with 500, and only put 10k on 18th, i recd only $20.01 why ah.
And the transfer out of interest in not instant... Not FAST ?

 

[nekoarc]

10k a month i read shld be about $25? I open acct on 16 with 500, and only put 10k on 18th, i recd only $20.01 why ah.
And the transfer out of interest in not instant... Not FAST ?

<Not affiliated with Singlife, dun msg me about it plz>
Compound interest and rounding. Other banks also use the same kind of calculation.

Using some really rough math: 1.00206^12 ~= 1.025, right?
So getting around 20.60/mo for 10k is approximately 2.5% compound/yr (actual value is calculated per day).