facebookDo I have to pay anything for the Singlife savings plan and how does the 1% interest rate on the $90k works? Does the 1% interest rate combine with the 2% on the first $10k? - Seedly

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          Anonymous

          14 Dec 2020

          Insurance

          Do I have to pay anything for the Singlife savings plan and how does the 1% interest rate on the $90k works? Does the 1% interest rate combine with the 2% on the first $10k?

          Anyone care to shed light on the Singlife savings plan?

          2

              Discussion (2)

              What are your thoughts?

              Jiayee

              Jiayee

              14 Dec 2020

              Level 11·Salaryman at some company

              If you are referring to https://singlife.com/manage/ then nope, there are no fees but you need a minimum account balance ($100?) to earn interest.

              The first 10k gets up to 2% p.a. and the remaining amount until 90k gets up to 1% p.a.

              So if you have $30,000, $10,000 gets up to 2% p.a. and $20,000 gets up to 1% p.a. and the sum of these two interests is what you get.

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