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Anonymous

08 Oct 2020

∙

Now that Singlife has decreased their base interest rate from 2.5% to 2%, what other options are available?

I have $10k in Singlife currently and I’m looking to park my excess savings above this $10k somewhere else to earn a higher interest. Looking at Gigantiq, Dash Easyearn and Cash Management Accounts. Any suggestions?

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PolicyPal

08 Oct 2020

Official Account at PolicyPal

There are many similar insurance saving products or cash management platforms in the market. They generally come with attractive returns, ranging from 1.4% - 2%. Some of them include Dash Easy Earn (1.8% p.a. returns) and Stashaway Simple (1.4% p.a. returns). You can also consider GIGANTIQ - a 2.0% p.a. returns insurance savings plan with flexible withdrawal.

Do check out this article for more information

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Nigel

02 Oct 2020

Head of Platform - Community Growth at iSTOX

Endowus cash smart

simple and easy

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Lim Chun Long Jimmy

02 Oct 2020

Co-founder at PolicyWoke (Traded Endowment Policies)

Hi Anonymous,

Another option would be traded endowment policies (TEPs) that yield up to 4.6% projec...

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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?

Have been using POSB saving and the interest rate is really bad. Read few blogs and thought Singlife and Elastiq are good options. Any ongoing promo or code for these? Want to start on these 2 soon?

Do I have to pay anything for the Singlife savings plan and how does the 1% interest rate on the $90k works? Does the 1% interest rate combine with the 2% on the first $10k?

Any recommendations for high interest savings account at the moment? Withdrawn from Singlife and shifted to Singtel DASH before the decrease in interest rate

I have an outstanding car loan of $43,500 @ interest rate of 2.98%, balance 4.5 years. What are the available options for refinancing, if that is an option?

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