Where to move funds from Singlife when it drop to 1.5%?

At the end of the month, Singlife will be dropping their interest rate to 1.5%

8

Post Merged

This post is no longer accepting new comments because it has been merged with What is the next best alternative to Singlife after it drops to 1.5%?

Discussion (8)

Kenneth Lou

22 Jan 2021

Co-founder at Seedly

Haha, such is life!

Personally, I am considering moving my money in this order:

Cash management accounts
Short term endowment funds
Back to my savings account to be deployed into the market when they reveal interesting buying opportunities
Step up my DCA efforts in index funds through Robo-advisor

Reply

Save

thefrugalstudent

22 Jan 2021

Founder at thefrugalstudent.com

Hi Anon,

Was there an announcement/notification sent out regarding this information? This is certainly sad news, though I can't say it wasn't expected.

For alternatives to Singlife, you can consider Dash EasyEarn or GIGANTIQ. They both currently offer an interest rate of 1.8% p.a.

Dash EasyEarn: 1.5% guaranteed (1st year) + 0.3% bonus, min balance $2k, $0.70 withdrawal fee via PayNow.

GIGANTIQ: 1% guaranteed (1st year) + 0.8% bonus (only on 1st $10k), min balance $50, $0.50 withdrawal fee via DBS/POSB & $0.70 via PayNow.

Check out this link for more information: https://www.tiq.com.sg/faqs/gigantiq/

Hope this helps!

Regards,

thefrugalstudent

Reply

Save

View 6 replies

Write your thoughts