Singlife Account

[Barbarblacksheep]

singlife never provide a timeframe?

Singlife will be adjusting the crediting rate (return) on the Singlife Account from 2.0% to 1.5% per annum (p.a.) for the first S$10,000 from 29 January 2021.

There will be no change to the 1.0% p.a. return for the next S$90,000 in your Singlife Account.

As our Singlife community may be familiar with, our crediting rates on the Singlife Account are non-guaranteed and subject to market conditions. This adjusted rate continues to remain competitive in the market, with customers enjoying flexibility with no lock-in or withdrawal fees.

 

[KenQuek]

Unexpected for the rate drop when market is doing relatively well. That tells me not to touch the funds they invested in.

 

[addict951]

Those who haven't open the Dash one, better faster do so!

 

[Batman_TheDarkKnight]

Drop to 1.5% liao for the 1st $10k.

 

[juxtaposition]

Wow before Oct 2020 was 2.5%
Then Nov to Jan is 2%
Then Feb 2021 onwards 1.5%

Agh.. Interest rates drops to 1.5%

 

[reddevil0728]

Unexpected for the rate drop when market is doing relatively well. That tells me not to touch the funds they invested in.

Unexpected????? Tbh not sure what you expecting.

We are talking about rfr here.

 

[reddevil0728]

Singlife will be adjusting the crediting rate (return) on the Singlife Account from 2.0% to 1.5% per annum (p.a.) for the first S$10,000 from 29 January 2021.

There will be no change to the 1.0% p.a. return for the next S$90,000 in your Singlife Account.

As our Singlife community may be familiar with, our crediting rates on the Singlife Account are non-guaranteed and subject to market conditions. This adjusted rate continues to remain competitive in the market, with customers enjoying flexibility with no lock-in or withdrawal fees.

Quote wrong?

 

[KenQuek]

Unexpected????? Tbh not sure what you expecting.

We are talking about rfr here.

Singlife is not a bank, interest rates have little impact. They invest with the funds to give you that high returns...

 

[KenQuek]

And i want to add on, investing yourself somewhere else, perhaps even with the same funds Singlife invested in will fetch you several folds in returns...

 

[articland05]

much sadness.
but i also dun have anything else to park the 10k now so i guess will still put there...

Sent from Motorola Dynatac 8000X using GAGT

 

[addict951]

much sadness.
but i also dun have anything else to park the 10k now so i guess will still put there...

Sent from Motorola Dynatac 8000X using GAGT

Go & put the Dash one, 1.8%. FASTER open

 

[revhappy]

This was my favorite go to account for the last few months to manage cashflow as there was no withdrawal fee and yet gave good 2% returns. I will miss this account

 

[KenQuek]

This was my favorite go to account for the last few months to manage cashflow as there was no withdrawal fee and yet gave good 2% returns. I will miss this account

It still is the best place you can park extra cash, just like cash in wallet. But those who are new and into higher returns should really start to learn how to invest for real themselves. Like some edmwers who tried the Grow portfolio, DBS Digiportfolio etc. Singlife is just a stepping stone.


Protect your hard earned money.
Make your money grow.

 

[addict951]

This was my favorite go to account for the last few months to manage cashflow as there was no withdrawal fee and yet gave good 2% returns. I will miss this account

mISS what miss
it's not going away mah
it's just giving you lesser interest
you mean you got better alternative than 1.5% pa?

 

[juxtaposition]

Overall I see EIR 2.08% depending when u open acc la.

Wow before Oct 2020 was 2.5%
Then Nov to Jan is 2%
Then Feb 2021 onwards 1.5%

 

[revhappy]

mISS what miss
it's not going away mah
it's just giving you lesser interest
you mean you got better alternative than 1.5% pa?

At 2% it was no brainer, to keep 10k in this account and I could use it for short term cashflow needs. Now there is alternative cash management options like Syfe cash+ and Endowus, where you can earn slightly higher, so I have to think twice should I keep entire 10k there or keep only like 3k-5k monthly expenses only.

 

[1993newbie]

 

[Stallone]

might as well hoot Syfe Cash+ at 1.75%

 

[twosix]

dun put all the eggs in one basket, spread out...

 

[Cobra!]

damn bloody smart these people who engineered the takeover of aviva.