Would it be better to move my savings to SingLife for the 2.5% given that SCB Jumpstart account has halved their interest rate?

Hello there! Alot of your similar questions have been raised today. Yes, you are right. SCB is revising its Jumpstart interest rate to 1% at the start of next month July. If you think the Jumpstart account yield is low, you might want to consider opening a Singlife account which yields 2.5% non guaranteed returns for your first $10,000. You can do a little bit of research first before opening an account with Singlife. Given that Singlife savings plan is capital guaranteed and is backed up by SDIC, I would say there are more pros than cons. One should select a product that has more pros than cons, rather than a product with no cons - because it just doesnt exist.