Anonymous

03 Aug 2020

∙

If I deposit $10K to Singlife and not top up ever, would it still be 2.5% for the first $10K or will the payout make it more than $10K and the 2.5% will be no more?

Singlife Account

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Gideon Ng

25 Jul 2020

Blogger at FI Pharmacist

Hi Anon,

The 2.5% will apply to the first $10k, and the interest that you get from the $10k will earn a 1% interest.

If you are interested to find out more about the SingLife Account, you can check out my review on it here.

Reply

Save

Yong Kah Hwee

25 Jul 2020

Yup the 2.5% for the first 10k will still apply

Reply

Save

Tan Wei Ming

24 Jul 2020

Founder and Writer at Frugal Youth Invests

The 2.5% is for the first $10k. So anything in excess of $10k will be 1% interest....

Write your thoughts

Related Posts

I started on my first job and managed to save up to 10k. I researched that Singlife has the highest interest account. Would it be wise to deposit all 10k into Singlife?

Would you suggest someone who is self-employed to put their savings with Singlife Account, since they provide the interest of 2.5% p.a. for the first 10k and 1% p.a. for the next 90k?

Is there any risk of depositing 10k into singlife for the 2.5%? If the company closes, will we lose all 10k?

Hi! I am 23 y/o with $20k to spare. Would you recommend to put $10k in Singlife (2.5% pa) and another $10k in Great Eastern Great SP (2 years tenure, 1.8% returns pa)?

SingLife 2.5% for first $10k - is it good? What are your thoughts?

Related Products

Singlife Account

4.4

196 Reviews

S$100

MIN. ACC BALANCE

Up to 2% p.a. base return + up to 3.5% p.a. effective returns

RATE OF RETURN

2% p.a. for first S$10K

INTEREST CAP

S$100

MIN. INITIAL PREMIUM

Standard Chartered JumpStart Account

4.8

778 Reviews

DBS/POSB Multiplier Account

4.4

321 Reviews

Related Posts

I started on my first job and managed to save up to 10k. I researched that Singlife has the highest interest account. Would it be wise to deposit all 10k into Singlife?

Would you suggest someone who is self-employed to put their savings with Singlife Account, since they provide the interest of 2.5% p.a. for the first 10k and 1% p.a. for the next 90k?

Is there any risk of depositing 10k into singlife for the 2.5%? If the company closes, will we lose all 10k?

Hi! I am 23 y/o with $20k to spare. Would you recommend to put $10k in Singlife (2.5% pa) and another $10k in Great Eastern Great SP (2 years tenure, 1.8% returns pa)?

SingLife 2.5% for first $10k - is it good? What are your thoughts?