Singlife Account

[popime]

Okay, since it is so hassle free I will transfer more in rather than keep it inside saving accounts.

hmm..why not just put 10k in singlife to earn that 2.5 and the rest to cimb bank for that 1%

since singlife give 1% as well for any sum more than 10k.

cimb bank is safer than an insurtech company for sure.

 

[Shutterfly]

hmm..why not just put 10k in singlife to earn that 2.5 and the rest to cimb bank for that 1%

since singlife give 1% as well for any sum more than 10k.

cimb bank is safer than an insurtech company for sure.

CIMB is safe only till 75k. So if someone has excess, SingLife can be a consideration.

 

[kumokumo]

Is the $75K protection per bank or per account?

 

[Shutterfly]

Is the $75K protection per bank or per account?

I believe it is per bank.

 

[Squaredot]

Is the $75K protection per bank or per account?

per bank per NRIC, can be several accounts.

 

[gazar1]

Is the $75K protection per bank or per account?

Hi what does the $75k protection means?

 

[Tiger9119]

Hi what does the $75k protection means?

If the bank/Financial Institution failed, your deposit is insured up to $75k.

https://www.sdic.org.sg/

 

[Singleton]

You haven't complete the full month is it
That's why less than 2.5%
Once full month liao you will see you have earn $0.00
On the day you see $0.00 then you transfer mah

Oh think i know why le.. cos i open on 26 apr , deposit $500, then on 27 apr then deposit the remaining $9500...

 

[Kaypohji]

How much was the interest rates like just a year or two before ?

Now all so low... even salary crediting account also adjusted their interest rates. I only got like 1.6% from DBS and boc.

Sing life 2.5% the best for me now since I don’t have a lot of money

 

[DenOOO]

How much was the interest rates like just a year or two before ?

Now all so low... even salary crediting account also adjusted their interest rates. I only got like 1.6% from DBS and boc.

Sing life 2.5% the best for me now since I don’t have a lot of money

Citi Maxigain around 2.59% ? Fallen hard ever since it revised the rates to so low, many ppl jumped ship.

 

[testingabc]

Citi Maxigain around 2.59% ? Fallen hard ever since it revised the rates to so low, many ppl jumped ship.

Yeah I remember end of last year, first day of new TOC around 1am I immediately withdraw, within next morning around 8-12am the first day of new toc got mini "bank run" and many people in Maxigain thread in Money Mind forum trying to withdraw unable to fast out.

 

[Kaypohji]

Gone are the days of higher interest rates...

Citi Maxigain around 2.59% ? Fallen hard ever since it revised the rates to so low, many ppl jumped ship.

 

[luvpraline]

Citi Maxigain around 2.59% ? Fallen hard ever since it revised the rates to so low, many ppl jumped ship.

Maxigain was good while it lasted.. sad when i look at the interest rates now. Now still can get guaranteed ~2.6% for Etiqa's eEasy Save V endowment plan. Worth considering if you're sure u don't need that sum of money for 6 years.

 

[OnePunch!!]

Cimb fast saver still good ? It like any other saving plan I suppose not like singlife inaurwce scheme I suppose
But odd why i see cimb say first 50k is 1%
Next 25k is 1.5%

So it’s not 1.8% as it’s say ?
So it u got less than 50k balance u getting below 1%?

 

[testingabc]

Cimb fast saver still good ? It like any other saving plan I suppose not like singlife inaurwce scheme I suppose
But odd why i see cimb say first 50k is 1%
Next 25k is 1.5%

So it’s not 1.8% as it’s say ?
So it u got less than 50k balance u getting below 1%?

Yes CIMB is good because fuss free and no fall below amount. Can withdraw anytime or deposit any time if you wishes to. You are right for 100K it is 1.325% IR. Less than 50K is 1%. Pm Me if you need CIMB FastSaver referral

 

[harky]

So, if i put 15K, how much i will get on 1 July?

Is this like bank? i dont want $$ tio stuck there

i will draw out the interest mthly

 

[malmal]

My account application has been pending since 14 April 2020. WhatsApp them a few times, the reply same, they will check and get back to me but they never did

 

[testingabc]

So, if i put 15K, how much i will get on 1 July?

Is this like bank? i dont want $$ tio stuck there

i will draw out the interest mthly

First 10K is 2.5% - $20.83
Next 5K is 1% - $4.17
Total - $25 per month if you have 15K
It works like CIMB Fastsaver, can withdraw can top up.

 

[harky]

like tht mean put 10K or max 15K can lioa le?


why 25K only $25!
while 15K is

$20.83 + $4.17

First 10K is 2.5% - $20.83
Next 5K is 1% - $4.17
Total - $25 per month if you have 25K
It works like CIMB Fastsaver, can withdraw can top up.

 

[testingabc]

like tht mean put 10K or max 15K can lioa le?


why 25K only $25!
while 15K is

$20.83 + $4.17

For 25K
First 10K - 2.5% - $20.83
Next 15K - 1% - $12.50
If total 25K - $33.33

Write wrongly just now sorry