How likely is Singlife able to maintain the 2.5% in the near future?

Hi Si Hong,

As 2.5% p.a. is only on the first $10K, it is possible that they could sustain this since they have capped their liability in terms of how much interest they have to pay out.

If they are hitting their limits, they could simply close new subscriptions to the Singlife account.

If their underlying assets are investment grade coporates, it's still possible to get 2.5% p.a. returns, which they don't have to pay out all.

Let's be honest.

Nobody knows.

This is a feature in their current marketing plan. Simply put, about $250 per new customer acquisition for deposits of up to $10k and 2.5% interest.

Once they analyze the result, they may stop it or even make it a permanent feature, nobody knows.

Depending on the health of the company.

But a damn good marketing campaign I would say :)

I think so far, they have been able to hit it quite consistently! I've managed to even rack up a decent interest rate from them!

Depends on how they’re going to invest our deposits 💪🏻😅

Hi,

I think it is quite hard to say given that SingLife did not really specify what are they doing with our funds.

Usually, these companies will use the funds that we deposit with them to invest in different investment vehicles so that they can continue to give us the prevailing interest rate.

So I think it really depends on how their investments perform to determine if they are able to maintain the 2.5%.

It depends on the cost for funds, demand for the account and the underlying investment. ​​​