facebookIs the 2.5% p.a. guaranteed for Singlife? - Seedly

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Anonymous

17 Jul 2020

CPF

Is the 2.5% p.a. guaranteed for Singlife?

So the website wrote "Note that all returns are not guaranteed" what does that mean?

Discussion (4)

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It's non guaranteed, but it nearly beats its promised rate.

Elijah Lee

15 Jul 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

No, it's not guaranteed. But the statement applies to the entire account balance. They will strive to uphold the advertised 2.5% returns on the first $10K, but beyond that balance, they have the rights to decide how much to give. And they also have the rights to cut the 2.5% p.a., but will probably do so only as a last resort.

Tan Wei Ming

15 Jul 2020

Founder and Writer at Frugal Youth Invests

There are two perspectives of this

  1. Singlife might not be able to fulfil 2.5% pa as advertised. ...

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