Any thoughts on Singlife's base interest rate revision?

2.0% is still considered pretty competitive in the market.

However, if you are looking for alternatives, there are many similar insurance saving products or cash management platforms. They generally come with attractive returns, ranging from 1.4% - 2%. Some of them include Dash Easy Earn (1.8% p.a. returns) and Stashaway Simple (1.4% p.a. returns). You can also consider GIGANTIQ - a 2.0% p.a. returns insurance savings plan with flexible withdrawal.

Do check out this article for more information​​​

Hey Jason, I think the main consideration is whether you have or can find other accounts (risk-free) that generates more than 2% returns. In my opinion, 2% is (among) the highest in the market right now, for something that doesn't have any conditions tied it, such as minimum spending or salary crediting. If no, then Singlife's 2% would still be pretty attractive.

In my case, I think I might move the funds back to Etiqa Elastiq since I'm getting 2.02% there. Yes, the difference is super minimal but it's more of consolidating my funds together, helps with the compounding effect too I guess!​​​

From a financial planning perspective, it would be good to keep your cash balance still in Singlife. A fully liquid 2% account is still one of the highest ones out there.

However looking into the future Singlife will continue to add more hoops, terms and conditions to test their customer retention! So brace yourself for that.

I Guess the fee revision is inevitable.

i use Singlife as my parking lot to generate some dsily interest before I use my money to pay off my bills, so no harm done!

Money can be earned in other ways, eg by doing surveys. Seek money elsewhere lor!