How easy is it to withdraw money out of Singlife account? Will there be any charges if I withdraw money from ATM using their Debit card? How about online transfer out?

Hi Katrina,

You'll first need to add your bank account in the SingLife app. You can only add bank accounts that are under your name.

After that, you can choose to withdraw any amount from SingLife. The good thing is that there is no minimum amount that you have to withdraw, compared to Elastiq or Dash EasyEarn.

A minimum of $100 is required to be in the account to continue earning the 2.5% interest.

Also, the online transfer may take a while longer compared to a FAST transfer that is instant, so that's something to take note of if you need to money immediately.

It is actually very easy to withdraw money provided you have added your bank details with them. It is just one or two taps only. No there is no charges for withdrawal. This is why I recommend Singlife among other higher yield insurance savings product.