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

Advertisement

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?

Discussion (2)

What are your thoughts?

Learn how to style your text

Jiayee

Jiayee

14 Dec 2020

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.

View 1 replies

Write your thoughts

Advertisement