Singlife Account

[PC-User]

A lot of things cannot forsee one if can of cuz keep super low in Sep for iSavvy correct? My eSaver also low for Sep but iSavvy rate much better just need to cross the minimum 10k which for me I can cross it.

Yeah sure. 算了，錢是永遠賺不完的

 

[Mickey01]

Just saw a push notification from Singlife saying something like '... top up from now till Dec... 10k, 30k, 50k... additional 3% blah blah blah...' then I accidentally dismissed the notification. Now cannot find back the details.

3% max derived from the following
1. Std Base 1.5% for first $10k
2. Std Base 1.1% for next $90k (so for this promo, you top up max of $50k for example -$10k #1 and $40k #2)
3. Add 1% for Save Spend & Earn campaign and Singlife Sure Invest Return Campaign for 1st $10k
4. Total EIR for #1 to #3 is 1.38% (if u don't invest EIR will be 1.28%)
4. Add $810 bonus return (equivalent to 1.62% for a $50k top up)

So total is up to 3% - (1.38 + 1.62 if you invest)
will be 2.9% (1.28 +1.62 if u don't invest)

 

[Mickey01]

this Singlife promo, may have been launched in reaction to the outflow since 1 Oct when a few banks launched aggressive savings account bonus interest program. if 1000 Singlife account reacted and top up $50k each, Singlife would have attracted inflow of $50 million.

 

[PC-User]

3% max derived from the following
1. Std Base 1.5% for first $10k
2. Std Base 1% for next $9ok (so for this promo, you top up max of $50k for example -$10k #1 and $40k #2)
3. Add 1% for Save Spend & Earn campaign and Singlife Sure Invest Return Campaign for 1st $10k
4. Total EIR for #1 to #3 is 1.38% (if u don't invest EIR will be 1.28%)
4. Add $810 bonus return (equivalent to 1.62% for a $50k top up)

So total is up to 3% - (1.38 + 1.62 if you invest)
will be 2.9% (1.28 +1.62 if u don't invest)

Isn't it standard base 1.1% above 10k?

Means just that 1.5/1.1 as announced earlier on lah if never spend/invest. Chey...

 

[Mickey01]

Isn't it standard base 1.1% above 10k?

Means just that 1.5/1.1 as announced earlier on lah if never spend/invest. Chey...

corrected above. Thanks.

 

[Mickey01]

Isn't it standard base 1.1% above 10k?

Means just that 1.5/1.1 as announced earlier on lah if never spend/invest. Chey...

this morning I just withdraw everything except $100 and then now I saw this Singlife mail

 

[heng_ah]

It is ok don't be sad this how games are played. Fast leg fast hand get it. You cannot be always the first to get it mah correct?

Agreed on how games are usually played.

First they informed family & friends, followed by contacting their preferred/priority customers, then send EDM/mass emails.

Just ignore it if they tease you with insincere (first n-th customers) kind of promo, unless you are in their inner circle. LOL

 

[Uramasa]

I think Singlife realized that most of the funds has been withdrawn recently due to unattractive rate.

 

[reddevil0728]

I think Singlife realized that most of the funds has been withdrawn recently due to unattractive rate.

they delayed 1 month for the 1.5%... oh well

 

[Uramasa]

they delayed 1 month for the 1.5%... oh well

They need to wake up and bump up somemore on rates, before it completely withdrawn.

The first 10k with only 1.5% interest rate, seemingly very low in today's trend.

 

[vegavega25]

They need to wake up and bump up somemore on rates, before it completely withdrawn.

The first 10k with only 1.5% interest rate, seemingly very low in today's trend.

Place to park zero effort, liquid, 10K.

 

[sohguanh]

Place to park zero effort, liquid, 10K.

SIF same and is 1.68% for first 50k. It is also liquid using fast transfer like the banks

 

[CrashWire]

they delayed 1 month for the 1.5%... oh well

They followed banking best practices by giving everything 1 month notice.

 

[reddevil0728]

They followed banking best practices by giving everything 1 month notice.

For increasing they don’t have to. I think DBS announced and effect it immediately.

reducing is different story

 

[PC-User]

SIF same and is 1.68% for first 50k. It is also liquid using fast transfer like the banks

I've given this a thought a few times but ended up still hesitating. First is the little bit odd signup procedure. Second is I already have 7 saving accounts exclude POSB (still have a little investment thingy) and Maxigain (message them to close but totally no response).

Because of planning mistake, this month have to use Singlife to support temporary parking. If again open yet another account, then will be having more minimum sum accounts during non-cool down months. Sian leh.

 

[PC-User]

For increasing they don’t have to. I think DBS announced and effect it immediately.

reducing is different story

Yeah I think recently CIMB also announced the second increase in interest soon after the first.

 

[Devilsire]

I made a huge mistake. I didn't keep low for iSAVvy in Sep. I didn't expect their aggressive new offer. Damn.

Apply new i-savvy-islamic account

 

[PC-User]

Apply new i-savvy-islamic account

Mai lah. One more account? Just sacrifice one month, next month can use RHB.

 

[DenOOO]

They need to wake up and bump up somemore on rates, before it completely withdrawn.

The first 10k with only 1.5% interest rate, seemingly very low in today's trend.

SIF same and is 1.68% for first 50k. It is also liquid using fast transfer like the banks

Just put 10k and use the card spend trick to bump 0.5% to total 2%.

10k at 2% is not bad already for almost zero effort.

 

[sohguanh]

Just put 10k and use the card spend trick to bump 0.5% to total 2%.

10k at 2% is not bad already for almost zero effort.

Card spend trick can be an effort for ppl with low spending each month so while it make sense for some ppl but not all ppl.