Advertisement
Anonymous
Singlife's ADV => Earning 2.5% p.a. returns per annum. Returns are not guaranteed. How should I interpret "Returns are not guaranteed"?
2.5% p.a interest is valid now until Singlife announce otherwise right? Why is it that "Returns are not guaranteed"?
2
Post Merged
This post is no longer accepting new comments because it has been merged with What’s your take on Singlife 2.5% p.a. savings plan?
Discussion (2)
Gabriel
09 Apr 2020
Undergraduate at National University of Singapore
Reply
Save
Hariz Arthur Maloy
26 Mar 2020
Independent Financial Advisor at Promiseland Independent
Singlife can decide to reduce the 2.5% interest rate. Your capital is protected but the interest rate can change. That's it.
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Products
Singlife Account
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
Related Posts
Advertisement
Hey Anon, it simply means that the interest rate is subject to changes at their discretion. Anyway, I contact their support previously and was told that they'll inform us by email should there be a change of interest rate. So for now, the returns are still at 2.5 interest p.a.
Your capital is guaranteed, so rest assured.