Singlife Account

[dappermen]

Poster confused (double meaning here) about whether there will be incentive to sign up on it in future

For now, this is the best option esp for 10k and below

 

[reddevil0728]

For now, this is the best option esp for 10k and below

Poster is confused.

 

[qwerty_poi]

Account opening is immediate via SingPass? Like no waiting like that, straight away can transfer funds after signup.. how come got people say application need to wait?

 

[reddevil0728]

Account opening is immediate via SingPass? Like no waiting like that, straight away can transfer funds after signup.. how come got people say application need to wait?

I think only Singlife can address that. Cause some ppl open using singpass also need to wait. Maybe cause their myinfo not complete

 

[IronMan123]

Account opening is immediate via SingPass? Like no waiting like that, straight away can transfer funds after signup.. how come got people say application need to wait?

Sign up after 15 Dec will place on waitlist.

Posted with iPhone HardwareZone Forums app

 

[GreenTeaa]

how come they close ah, hais now need find other products again

 

[reddevil0728]

how come they close ah, hais now need find other products again

Closed to new sign up. Did you misread?

 

[crystalnox]

Still mulling over whether to open a new Singlife account now before the waitlist commences tomorrow.

What do you think?

New fintechs coming up so maybe everyone will be more aggressive in courting customer, so I should wait, or onboard now, forgo any potential if any for new customer incentive on the risk that interest rate might drop next year?

If you think about it, they are closing applications probably due to a surge in new customers. Why would they need to give a better incentive in the future when all the regular bank account interest rates are dropping like flies? Unless you are ok to sign up for additional revenue sources from them like their newly launched ILP, then they might dangle more incentives.

 

[reddevil0728]

If you think about it, they are closing applications probably due to a surge in new customers. Why would they need to give a better incentive in the future when all the regular bank account interest rates are dropping like flies? Unless you are ok to sign up for additional revenue sources from them like their newly launched ILP, then they might dangle more incentives.

Poster is confused.

 

[Opps-gal]

If you think about it, they are closing applications probably due to a surge in new customers. Why would they need to give a better incentive in the future when all the regular bank account interest rates are dropping like flies? Unless you are ok to sign up for additional revenue sources from them like their newly launched ILP, then they might dangle more incentives.

The grow ILP? Anyone tried yet? Is this like robo advisor?

 

[twosix]

The grow ILP? Anyone tried yet? Is this like robo advisor?

Already stated it is a ILP. Stay away!

 

[silverbomb]

it's a managed investment portfolio, similar to all the DBS DigiPortfolio and UOB AMinvest, grab invest etc... someone/a group is making the decision of what makes up each portfolio.

robo means a algorithm is using past data to recommend the portfolio changes when the risk level shifts away from the desired long-term result (too risky/conservative)

 

[Deniseee]

Managed to open an account even after 12am.. maybe system haven't update

 

[hardwaregone]

I download the app and about to open an account.

On the policy, it says guaranteed crediting rate is 0%.
How come there's no guaranteed interest mentioned?

 

[TsukiSG]

I download the app and about to open an account.

On the policy, it says guaranteed crediting rate is 0%.
How come there's no guaranteed interest mentioned?

Enjoy 2% p.a.* on your first S$10,000.

*Note that returns are not guaranteed. The Singlife Account is not a bank account or a fixed deposit. It is an insurance savings plan that earns a crediting interest rate, but you can take your money out anytime via FAST transfer or by using your Singlife Visa Debit card. Each person is only entitled to one Singlife Account policy.

https://singlife.com/manage/

 

[popime]

What do u guys think about the singlife grow account?

Posted from PCWX using LYA-L29

 

[crystalnox]

What do u guys think about the singlife grow account?

Posted from PCWX using LYA-L29

It’s an ILP, do we need to say more?

If you enjoy paying 0.25% per QUARTER, on top of whatever management fees the individual funds charge, then go right ahead! Must be nice having spare change to pay for someone else’s pent-
house and bmw.
https://images.singlife.com/wp-content/uploads/2020/10/21152012/Singlife-Model-Portfolio-Grow-Fact-Sheet.pdf

 

[Opps-gal]

Looks like not many like this grow product. put in own stock pick etf or stocks if want to buy this grow product better?

 

[Cumzilla]

Cannot top up ST Dash with the SingLife debit card, the error is not able to accept foreign cards.

 

[reddevil0728]

Looks like not many like this grow product. put in own stock pick etf or stocks if want to buy this grow product better?

Depends on your objective.