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Anonymous

26 Jun 2020

∙

How is singlife interest calculated? Can anyone enlighten me?

Put in $500 monthly for past 2 months, interest credited was $1.65 for the past month and $1.35 so far in June. Can’t wrap my head around how this 2.5% works. How is the 2.5% p.a. calculated?

Singlife Account

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Wrong Sean

26 Jun 2020

Https://blog.seedly.sg/singlife-account-visa-de...

As mentioned in the article, the interest is calculated daily and credited monthly. 2.5% p.a./12 months is the monthly rate, 2.5% p.a./365 days is the daily rate.

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May I know if anyone managed to withdraw the interest from Singlife yet? I’m new to Singlife and they wrote $0.35 earned this month, however, the $0.35 is not updated in my new available balance. Any advice?

Is SingLife 2.5% per annum interest calculated on a daily basis or the funds must be in the account for a year to be counted? What’s the insurance coverage that they are referring to?

Hi, could anyone please share how the amount credited due to interest rate for savings account (JumpStart & SinglLife etc) is being calculated?

Jumpstart is changing interest rates to 1%. Anyone pulling out the money to put in Singlife?

How do I interpret bank interest? I always have trouble understanding it. Take Singlife and UOB One Account as an example, can anyone advise?

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