facebookI started on my first job and managed to save up to 10k. I researched that Singlife has the highest interest account. Would it be wise to deposit all 10k into Singlife? - Seedly

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Anonymous

18 Nov 2020

CPF

I started on my first job and managed to save up to 10k. I researched that Singlife has the highest interest account. Would it be wise to deposit all 10k into Singlife?

I’m aware that Singlife is not a bank account but insurance savings account but it does not have protection like banks. So my concerns would be would the company just collapse and lose my money? And what’s the chances of the company collapsing?

Discussion (3)

What are your thoughts?

It's insured under sdic so don't worry, you can put 10k there as u can withdraw anytime

Although it is not a bank account, it is considered as an insurance policy. Thus covered under the P...

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