Advertisement
3
Post Merged
This post is no longer accepting new comments because it has been merged with What’s your take on Singlife 2.5% p.a. savings plan?
Discussion (3)
Gabriel
30 Apr 2020
Undergraduate at National University of Singapore
Reply
Save
Charmaine Ng
26 Apr 2020
The Value Maximizer at @ Every Ma La Xiang Guo Stall
Hi Ellz,
From what I saw, they offer a better % rate for saving insurance (with limit of course) and the sign up seems to be a breeze. They also offer insurance coverage in the case of death (up to 105% of account value) & retrenchment benefit (limited offer) up to $10,000 over 3 months based on your card usage.
They also comes with a complimentary Singlife card, which would be 0% FX fees and zero annual fees. It might work if the FX conversion rates is better than Youtrip/Transferwise.
The one thing that concerns me is that though they are regulated by MAS, their reputation are lesser-known vs the prominent players. So.. yeah. If you don't use DBS multipliers because they are too complicated and all or if you just need to park some funds in a saving account somewhere with some form of insurance, this would be a good one to consider.
Reply
Save
It's an savings insurance account. The main perk of this account is that it offers (a non-guaranteed...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
4.5
199 Reviews
S$100
MIN. ACC BALANCE
Up to 2% p.a. base return + up to 3.5% p.a. effective returns
RATE OF RETURN
2% p.a. for first S$10K
INTEREST CAP
S$100
MIN. INITIAL PREMIUM
4.8
783 Reviews
4.4
321 Reviews
Related Posts
Advertisement
The Singlife Account is really attractive as it functions like a bank account and the interest of 2.5% p.a it offers is super competitive and the highest in the market at the moment, with no other terms and conditions, penalties or whatsoever, such as minimum spending, salary credit etc. It also comes with an optional debit card which can be used for both online and offline/physical purchases. However, do take note that the 2.5% interest p.a only applies to the first $10k and the returns (interest) are not guaranteed. Nevertheless and most importantly, your deposits/capital is guaranteed and insured under the SDIC so rest assured.