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Anonymous

14 Aug 2020

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General Investing

Is the Singlife 2.5% interest policy safe? What are the limitations of SDIC on this policy?

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This post is no longer accepting new comments because it has been merged with Looking for high-yield savings account to keep my emergency funds. Singlife offers a good interest rate of 2.5% but unsure about its liquidity. Any recommendations/thoughts based on your experience?

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I have 10k in my singlife account. Do I need to withdraw the interest earned after it’s credited into the account as amount above 10k will not be getting the 2.5% interest?

I have 50,000 spare cash, which bank account in Singapore offers best interest and liquidity? SDIC says to offer safe guarding for our deposit. Anyone have experiences before in this SDIC?

Am considering between the CIMB fast saver and singlife account. CIMB gives 1% interest up to 50,000 balance, but Singlife gives 2.5% for first 25k and 1% up to 100k. Which one is better?

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?

Would you suggest someone who is self-employed to put their savings with Singlife Account, since they provide the interest of 2.5% p.a. for the first 10k and 1% p.a. for the next 90k?

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Related Posts

I have 10k in my singlife account. Do I need to withdraw the interest earned after it’s credited into the account as amount above 10k will not be getting the 2.5% interest?

I have 50,000 spare cash, which bank account in Singapore offers best interest and liquidity? SDIC says to offer safe guarding for our deposit. Anyone have experiences before in this SDIC?

Am considering between the CIMB fast saver and singlife account. CIMB gives 1% interest up to 50,000 balance, but Singlife gives 2.5% for first 25k and 1% up to 100k. Which one is better?

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?

Would you suggest someone who is self-employed to put their savings with Singlife Account, since they provide the interest of 2.5% p.a. for the first 10k and 1% p.a. for the next 90k?

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