facebookOpinions on Singlife? Is it recommended to park 10k to benefit from the 2.5% per annum and is it trustworthy? - Seedly

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Anonymous

20 Jun 2020

βˆ™

Insurance

Opinions on Singlife? Is it recommended to park 10k to benefit from the 2.5% per annum and is it trustworthy?

Is it worth investing in?

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Discussion (16)

Gabriel

26 Mar 2020

Undergraduate at National University of Singapore

Hey Anon, I've been using the Singlife Account since January and in my opinion, it's really attractive as it functions like a bank account and the interest of 2.5% p.a it offers is super competitive and the highest in the market at the moment, with no other terms and conditions, penalties or whatsoever, such as minimum spending, salary credit etc. It is safe as your deposits/capital is guaranteed and insured under the SDIC so rest assured.

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Kenneth Lou

24 Mar 2020

Co-founder at Seedly

I actually just got my card last week, looks sleek!

Havent tried it out entirely yet but what I know it acts like a higher yielding savings account at least for the promotional rate, it looks pretty decent, with a 2.5% p.a​​​

Oh,so you plan to spend all the 10k inside?Cause I know they can't writhdraw money from ATM....

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