facebookI have 10k in my singlife account. Do I need to withdraw the interest earned after it’s credited into the account as amount above 10k will not be getting the 2.5% interest? - Seedly

Anonymous

19 Sep 2020

Insurance

I have 10k in my singlife account. Do I need to withdraw the interest earned after it’s credited into the account as amount above 10k will not be getting the 2.5% interest?

Discussion (7)

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Correct me if I’m wrong, but withdrawals from Singlife are capped at minimally in multiples of $100.

It’s sorta troublesome.

In my opinion, I would just let compound interest do it’s work forever :)

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Amounts above $10,000 will still earn interest, of 1%. Unless you are able to transfer the interest monthly to a platform that offers 1% interest with no charges, then it would be best to just keep it in Singlife.

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