Anyone heard of Singlife manage account with 2.5% p.a with no lock in period.?

Just signed up for this Singlife account, do note that there is no guarantee on the 2.5% interest (so called the current crediting rate) as stated in the policy document.

Quote:"The current crediting rate is not guaranteed and may increase or decrease at any time, subject to the guaranteed crediting rate as a minimum floor".​​​

Hey Anon, I've been using it for over a month. Interest is credited on a monthly basis, which I've received recently. I withdrawed the interest since 2.5% interest p.a is only on the first $10k. Contacted Singlife's Customer Service with regards to the interest rate and they said the current interest rate is 2.5% p.a for the first $10k and an email will be sent when there is a change of interest rate.