Advertisement
6
Discussion (6)
Learn how to style your text
Gabriel
20 Jun 2020
Undergraduate at National University of Singapore
Reply
Save
Singlife account calculates interest earned daily. However, interest is credited monthly based on your policy start date.
Reply
Save
Managed to withdraw. almost immediate credited to bank account.
yes, i also noticed there is differ...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
4.5
199 Reviews
S$100
MIN. ACC BALANCE
Up to 2% p.a. base return + up to 3.5% p.a. effective returns
RATE OF RETURN
2% p.a. for first S$10K
INTEREST CAP
S$100
MIN. INITIAL PREMIUM
4.8
783 Reviews
4.4
321 Reviews
Related Posts
Advertisement
Hey Jo, yes - been using since January.
The interest is credited on a monthly basis to your Singlife account, depending on when you created your account, it is not based on calendar month as per banks.
For a more detailed explanation, interest is calculated on a daily basis but only will only be credited monthly. So if you opened the account on the 10th, the interest should be credited on the 10th next month too. Once it is credited, the amount of "$xx.xx earned this month" will move and add on to "you have: $XX,XXX". The amount "earned this month" will then be reset to $0 and you can proceed to withdraw the credited interest.