Singlife Account

[s0crates]

Why are we so anal about a 2.5% account that is capped at $10k?

If you are going to put 100 million earning 2.5million a year ok la. But $250 and so much time digging and digging, worth it or not....

I don't get it man.

 

[Tiger9119]

Why are we so anal about a 2.5% account that is capped at $10k?

If you are going to put 100 million earning 2.5million a year ok la. But $250 and so much time digging and digging, worth it or not....

I don't get it man.

In fact the extra interest is not more than $180 per annum or less, the 10k in other banks will also be earning interest.

 

[TiedInsurer]

Why are we so anal about a 2.5% account that is capped at $10k?

If you are going to put 100 million earning 2.5million a year ok la. But $250 and so much time digging and digging, worth it or not....

I don't get it man.

It's $250. Last i checked, McD still pays $5/hr. $250 would be 50hrs of hard labor for a McD worker. Many entry lvl jobs without a local uni degree pays around $2k/mth, for 40 to 44hrs work week, or about 8.4hrs workday. That's about 185 hrs for $2k, which works out to about $10.81/hr. $250 would be 23.12hrs of hard work for them. The median salary for singaporeans in 2019 was $4,563/mth. 185hrs for $4,563 is $24.66/hr. So $250 is about 10.13hrs of hard work for the average Singaporean. And i haven't even factored in the insane OT culture in Singapore.

So yeah, not everyone is so high SES like you haha.

 

[yongsaver]

It's $250. Last i checked, McD still pays $5/hr. $250 would be 50hrs of hard labor for a McD worker. Many entry lvl jobs without a local uni degree pays around $2k/mth, for 40 to 44hrs work week, or about 8.4hrs workday. That's about 185 hrs for $2k, which works out to about $10.81/hr. $250 would be 23.12hrs of hard work for them. The median salary for singaporeans in 2019 was $4,563/mth. 185hrs for $4,563 is $24.66/hr. So $250 is about 10.13hrs of hard work for the average Singaporean. And i haven't even factored in the insane OT culture in Singapore.

So yeah, not everyone is so high SES like you haha.

actually both are on the same bus going to the same place la. its just one seated in front, the other seated 'behind'.

if we continue the same calculation, $250 a year is actually just less than 3 cents an hour. so i like to believe @socrates is not belittling the sum but rather is suggesting time is better spent focusing on things that can make more than 3 cents an hour like working at mcdonalds.

the only one thing i cannot understand is how is looking at the smaller things in life considered 'anal'. sorry me vocab quite limited hor.

 

[TiedInsurer]

actually both are on the same bus going to the same place la. its just one seated in front, the other seated 'behind'.

if we continue the same calculation, $250 a year is actually just less than 3 cents an hour. so i like to believe @socrates is not belittling the sum but rather is suggesting time is better spent focusing on things that can make more than 3 cents an hour like working at mcdonalds.

the only one thing i cannot understand is how is looking at the smaller things in life considered 'anal'. sorry me vocab quite limited hor.

You don't have to work for a whole year to get the $250 though. I think for the average Singaporean, investing up to 10hrs "digging and digging" is going to be worth it. I hope nobody here has actually surpassed that yet.

 

[gazar1]

It's $250. Last i checked, McD still pays $5/hr. $250 would be 50hrs of hard labor for a McD worker. Many entry lvl jobs without a local uni degree pays around $2k/mth, for 40 to 44hrs work week, or about 8.4hrs workday. That's about 185 hrs for $2k, which works out to about $10.81/hr. $250 would be 23.12hrs of hard work for them. The median salary for singaporeans in 2019 was $4,563/mth. 185hrs for $4,563 is $24.66/hr. So $250 is about 10.13hrs of hard work for the average Singaporean. And i haven't even factored in the insane OT culture in Singapore.

So yeah, not everyone is so high SES like you haha.

Bro I think what he means is if some one even no cert use some brain to keng things out.
Easily got ways to earn more and faster than this $250

What he means is don’t because of this little little interest make until ownself so xinku

 

[maumu]

how long before they approve account application? seems like must wait.... not instant.

 

[alex22]

@maumu
Mine approved on same day of application.
Maybe they do credit check?
Anyway i left the debit card for future application instead.
Maybe faster like that

 

[alex22]

Bro I think what he means is if some one even no cert use some brain to keng things out.
Easily got ways to earn more and faster than this $250

What he means is don’t because of this little little interest make until ownself so xinku

Nobrainer is to put in milo tin or put to singapore pools dollar by dollar

 

[maumu]

@maumu
Mine approved on same day of application.
Maybe they do credit check?
Anyway i left the debit card for future application instead.
Maybe faster like that

I also skipped the debit card (no intention to use it).

opened it a few hours ago wonder if can transfer in today or tomorrow.

 

[alex22]

I also skipped the debit card (no intention to use it).

opened it a few hours ago wonder if can transfer in today or tomorrow.

I got sms n mail in abt 30min, ac live liao

 

[yiwei]

I also skipped the debit card (no intention to use it).

opened it a few hours ago wonder if can transfer in today or tomorrow.

If your money currently getting >2.5% then you transfer tomorrow, otherwise transfer today, Singlife account doesn't follow calendar month, they credit interest monthly on the same date each month when your account was opened.

 

[maumu]

If your money currently getting >2.5% then you transfer tomorrow, otherwise transfer today, Singlife account doesn't follow calendar month, they credit interest monthly on the same date each month when your account was opened.

thanks. account successfully opened and FAST in $10k for the 2.5% liao... now really is grab whatever opportunity we can to maximise our savings.

 

[miwalix]

Hi All, could you advise where is the withdrawal option on the app? I tried deposit $1 and wanted to try withdrawing but there is no such options.

 

[silverbomb]

Hi All, could you advise where is the withdrawal option on the app? I tried deposit $1 and wanted to try withdrawing but there is no such options.

The option is only available to withdraw when your account is first funded with $500.

Posted from PCWX using SM-G965F

 

[flyingeagles]

just transferred 555 in, how long does it take for singlife to reflect the deposit?

 

[rkesin]

just transferred 555 in, how long does it take for singlife to reflect the deposit?

Usually less than 5 min

 

[mrspartanz]

I got sms n mail in abt 30min, ac live liao

Hmm ur account approved within 30 mins ah? Mine I apply last night, till now still havent approve lol

Sent from Earth using GAGT

 

[alex22]

Hmm ur account approved within 30 mins ah? Mine I apply last night, till now still havent approve lol

Sent from Earth using GAGT

Dunno, u check ur email for the verification.
Mine after the verification cleared, relogin the app and topup option show up liao.

Topup via FAST rcvd within 2 mins.
Link up bank a/c in in the app again for outward transfers and exit app.

Continue work on production floor...

 

[mrspartanz]

Dunno, u check ur email for the verification.
Mine after the verification cleared, relogin the app and topup option show up liao.

Topup via FAST rcvd within 2 mins.
Link up bank a/c in in the app again for outward transfers and exit app.

Continue work on production floor...

Hmm mine dont have email and login also dun show anything.. just for ref, did u put that you want a debit card from them? Cos I chose that option.. dunno if that would cause it to take longer for approval lol

Sent from Earth using GAGT