Tan Ming

05 Sep 2020

∙

Hi there i would like enquire how does this company calculate the interest earned per annum?

Singlife Account

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Duane Cheng

05 Sep 2020

Financial Consultant at Prudential Assurance Company Singapore

Hi Mr.Tan,

The interest is calculated daily, and credited into your account on the first day on the following month.

The crediting rate is not-guaranteed, and you will need to monitor the returns to see whether it reflects the 2.5% as stated. You can look here for more information regarding the Singlife Account.

Hope i was able to assist you!

Reply

Save

View 1 replies

Write your thoughts

Related Posts

I am currently using HDB loan for CPF 2.6% interest per annum. Debt left about 300k. I now have accumulated about 30k OA and would like to consider if I should:

IF I have 1mil cash and based on 5% rule, I would have $50k per yr or $4.1k per month. How would you recommend for me to earn $50k interest per year. I'm open to work at MCD or starbucks as part time.?

Hi! I would like to start planning for my retirement but not sure where to start! Would anyone know of any good retirement calculators that I can use to calculate the shortfall needed?

Hi, I am currently earning roughly 35k per annum and am curious to earn Krisflyer miles efficiently and effectively. Can you give me some advice regarding best card usage / earning points?

Hi, Im new to investing and would like to put a small sum (abt $500-$800) per mth on US/China ETFs. Would TD Ameritrade/IB be better in terms of cost savings? Any other good brokers to recommend?

Related Products

Singlife Account

4.4

197 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

Related Posts

I am currently using HDB loan for CPF 2.6% interest per annum. Debt left about 300k. I now have accumulated about 30k OA and would like to consider if I should:

IF I have 1mil cash and based on 5% rule, I would have $50k per yr or $4.1k per month. How would you recommend for me to earn $50k interest per year. I'm open to work at MCD or starbucks as part time.?

Hi! I would like to start planning for my retirement but not sure where to start! Would anyone know of any good retirement calculators that I can use to calculate the shortfall needed?

Hi, I am currently earning roughly 35k per annum and am curious to earn Krisflyer miles efficiently and effectively. Can you give me some advice regarding best card usage / earning points?

Hi, Im new to investing and would like to put a small sum (abt $500-$800) per mth on US/China ETFs. Would TD Ameritrade/IB be better in terms of cost savings? Any other good brokers to recommend?