May I know if anyone managed to withdraw the interest from Singlife yet? I’m new to Singlife and they wrote $0.35 earned this month, however, the $0.35 is not updated in my new available balance. Any advice?

Hey Jo, yes - been using since January.

The interest is credited on a monthly basis to your Singlife account, depending on when you created your account, it is not based on calendar month as per banks.

For a more detailed explanation, interest is calculated on a daily basis but only will only be credited monthly. So if you opened the account on the 10th, the interest should be credited on the 10th next month too. Once it is credited, the amount of "$xx.xx earned this month" will move and add on to "you have: $XX,XXX". The amount "earned this month" will then be reset to $0 and you can proceed to withdraw the credited interest.

Singlife account calculates interest earned daily. However, interest is credited monthly based on your policy start date.