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

Haha, such is life!

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

1. Cash management accounts

2. Short term endowment funds

3. Back to my savings account to be deployed into the market when they reveal interesting buying opportunities

4. Step up my DCA efforts in index funds through Robo-advisor

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​​​