Singlife Account
- Key Features
- Reviews (200)
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This product is managed by Singlife.
Summary
Product Page Transparency
- Claimed in December 2020
Singlife Account Review 2024
Summary
The Singlife Account is an insurance savings plan that offers:
- Life insurance coverage of up to 105% of your account value
- 2% p.a. promotional base return on your first S$10,000
- 1.4% p.a. promotional base return on amounts above your first S$10,000 up to S$100,000
- No lock-ins, withdraw anytime without a penalty fee
Earn up to 3.5% p.a.* return when you participate in Singlife Account’s Bonus Campaigns!
- Save and maintain your account value to earn up to S$810 cash bonus from the Singlife Account
Special Incentive Campaign
- Invest with Singlife Sure Invest to earn 0.5% p.a. bonus return from the Singlife Sure Invest
Bonus Return Campaign
- Top up a minimum of S$800 during your monthly Top-up Period^ to earn 0.5% p.a. bonus return from the Singlife Account Top-up Campaign
Easily access your savings with the Singlife App, the all-in-one app that allows you to save, invest and keep track of your finances.
*On your first S$10,000. Up to 3.5% p.a. = 2% p.a. (promotional base return on first S$10,000 of Account Value) + Cash Bonus from the Singlife Account Special Incentive Campaign + 0.5% p.a. bonus return from the Singlife Sure Invest Bonus Return Campaign + 0.5% p.a. bonus return from the Singlife Account Top-up Campaign. All campaigns are available from now until such time as updated by Singlife. All crediting rates stated are not guaranteed.
^The Top-up Period starts from each Singlife Account monthly Crediting Date and ends on the day before the next monthly Crediting Date.
Popular Products
Summary
Product Page Transparency
- Claimed in December 2020
Singlife Account Review 2024
Summary
The Singlife Account is an insurance savings plan that offers:
- Life insurance coverage of up to 105% of your account value
- 2% p.a. promotional base return on your first S$10,000
- 1.4% p.a. promotional base return on amounts above your first S$10,000 up to S$100,000
- No lock-ins, withdraw anytime without a penalty fee
Earn up to 3.5% p.a.* return when you participate in Singlife Account’s Bonus Campaigns!
- Save and maintain your account value to earn up to S$810 cash bonus from the Singlife Account
Special Incentive Campaign
- Invest with Singlife Sure Invest to earn 0.5% p.a. bonus return from the Singlife Sure Invest
Bonus Return Campaign
- Top up a minimum of S$800 during your monthly Top-up Period^ to earn 0.5% p.a. bonus return from the Singlife Account Top-up Campaign
Easily access your savings with the Singlife App, the all-in-one app that allows you to save, invest and keep track of your finances.
*On your first S$10,000. Up to 3.5% p.a. = 2% p.a. (promotional base return on first S$10,000 of Account Value) + Cash Bonus from the Singlife Account Special Incentive Campaign + 0.5% p.a. bonus return from the Singlife Sure Invest Bonus Return Campaign + 0.5% p.a. bonus return from the Singlife Account Top-up Campaign. All campaigns are available from now until such time as updated by Singlife. All crediting rates stated are not guaranteed.
^The Top-up Period starts from each Singlife Account monthly Crediting Date and ends on the day before the next monthly Crediting Date.
Singlife Account
Singlife Account
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
4.4
200 Reviews
Service Rating
User Experience
Customer Support
High to Low
Posted 04 Jan 2025
Purchased
Singlife Account
Singlife's mobile application was really easy to use and functional. Interest rates are decent as well. Would recommend.0
What are your thoughts?Posted 13 Nov 2024
Purchased
Singlife Account
Simple and Straight forward. It acts like a savings account though there's a insurance component to it0
What are your thoughts?Posted 09 Jun 2024
Purchased
Singlife Account
[Insurance Benefit] Enjoy life insurance coverage up to 105% of your account value [Requirements] - No fees - No lock-in period - Minimum Account Value of $100 - Much lower than other accounts - No requirement for salary crediting [Application Process] Easy and simple, took less than 10 minutes to apply via Singpass [Interest] Calculated daily and credited at the end of each month [User Experience] App is easy and straightforward to use [Overall] Great place to park cash to earn a higher interest with no hoops as compared to other high-interest savings accounts, though note the Singlife Account is not a bank account0
What are your thoughts?Posted 27 Nov 2022
Purchased
Singlife Account
One of the most flexible insurance saving plans with a fuss-free deposit, one of the best interest rates, no lock-in and quick withdrawal.0
What are your thoughts?Posted 21 Nov 2022
Purchased
Singlife Account
Most flexible investment account with the highest interest. No lock in period and debit card further allows more interest to be earned monthly. Interest is also credited every month which makes it super easy to keep track.0
What are your thoughts?Posted 21 Nov 2022
Purchased
Singlife Account
Simple and easy application process, it has competitive rates for various packages. strongly recommended0
What are your thoughts?Posted 21 Nov 2022
[Others] [User Experience] The GUi is easy to navigate. Provide good summary at a glance. Their insurance rate was pretty competitive0
What are your thoughts?Posted 16 Nov 2022
Purchased
Singlife Account
[Interest Rate] Very good rate that allows me to share to others [Withdrawal Process] Fast and quick [Application Process] No Issue and very fast acceptance Love the app design and easy to navigate great savings plan0
What are your thoughts?Posted 15 Nov 2022
Purchased
Singlife Account
Terrific and marvellous app with lots of investment tips and recommendations to share and explore with 👍0
What are your thoughts?Posted 15 Nov 2022
Purchased
Singlife Account
[Interest Rate] Very Attractive and good which allow me to invest my savings at higher interest rates [Application Process] Fast and user friendly with no issue0
What are your thoughts?
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What you get with the Singlife Account
Key features | Details |
|---|---|
Minimum Initial Premium | S$100 |
Minimum Account Value to continue earning returns | S$100 |
Crediting Rate (non-guaranteed) | 2% p.a. promotional base return on the first S$10K 1.4% p.a. promotional base return on amounts above your first S$10K up to S$100K 0% p.a. for amounts above S$100K |
Singlife Account Top-up Campaign | Earn a 0.5% p.a. bonus return on your first S$10,000 when you top up at least S$800 during each Top-up period^! |
Singlife Sure Invest Bonus Return Campaign | Bonus 0.5% p.a. return Sign up for a Singlife Sure Invest Policy. Crediting rates are not guaranteed. T&Cs apply. |
Singlife Account Special Incentive Campaign | Cash bonus of up to S$810. Available to new and existing customers. Top up S$10K, S$30K, S$50K in fresh funds and maintain them in the Singlife Account for 12 months. T&Cs apply. |
Protection | Capital guaranteed Life insurance coverage of up to 105% of the account value |
What you get with the Singlife Account
How do you maximise your returns with the Singlife Account?
- Earn up to 1.5% p.a.^ on the first S$10,000
- Earn up to 1.1% p.a.^ for the next S$90,000
- 0% for any amount above S$100,000
- Additional 0.5% p.a.* if you have an in-force Singlife Sure Invest policy.
By participating in the bonus campaigns, you’ll enjoy up to 3.5% p.a. return with the Singlife Account!
^Note that crediting rates are not guaranteed. The Singlife Account is an insurance savings plan. It is neither a bank savings account nor a fixed deposit. Each person is only entitled to one Singlife Account policy.
*Up to 3.5% p.a. = 1.5% p.a. (Base returns for the first S$10,000 of Account Value) + 0.5% p.a. bonus return from the Save, Spend, Earn Campaign and 0.5% p.a. bonus return from the Singlife Sure Invest Bonus Return Campaign + Cash Bonus from the Singlife Account Special Incentive Campaign + 0.5% p.a. return for the first S$10,000 of Account Value from Additional Return Campaign.
Benefits of Singlife Account
· Earn returns while being protected
Singlife Account is an insurance savings plan that allows you to earn returns and enjoy life insurance coverage for death or terminal illness of up to 105% of your account value.
· Enjoy the flexibility of no lock-ins
Withdraw anytime with no penalty fee.
· Easily make top-ups or withdrawals
Manage your Singlife Account via the Singlife App, where you can make top-ups and withdrawals conveniently.
· Complimentary Singlife Visa Debit Card
Spend with the Singlife card with no FX and annual fees charged by us.
Eligibility: Who can apply for Singlife Account?
· Singapore residents between the age of 18 and 75 at the point of application
· Valid NRIC or FIN
· Valid Singapore-registered mobile number and Singapore residential address
· Applicants cannot be undischarged bankrupts
How to apply for the Singlife Account?
· Download the Singlife App on your mobile phone
· Set up a Singlife ID & apply for your Singlife Account
· Start with just S$100 (transfer via FAST or PayNow from your own bank account)
Each individual is only allowed one Singlife Account policy.
More details
· Initial fund for account activation: S$100
· Minimum Account Value: S$100
· Interest is calculated daily and credited to your account value on a monthly basis.
· The interest will be credited on the first day of the following policy month.
Disclaimers
This policy is underwritten by Singapore Life Ltd. (“Singlife”).
The content on this page is published for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person.
You may get a copy of the Product Summary from Singlife and the participating distributors’ offices. You should read the Product Summary before deciding whether to purchase the product. You may wish to seek advice from a Financial Adviser Representative before making a commitment to purchase the product. If you choose not to seek advice from a Financial Adviser Representative, you should consider whether the product in question is suitable for you.
The Singlife Account is an insurance plan. It is neither a bank savings account nor a fixed deposit. For disclosures under the Payment Services Regulation 2019 for the Singlife Account, please refer to https://singlife.com/en/singlife-account.
This material is not an insurance contract. Full details of the standard terms and conditions of the policies can be found in the relevant policy contracts.
Protected up to specified limits by SDIC. This advertisement has not been reviewed by the Monetary Authority of Singapore. The information is correct as at 08 June 2023
Contact us at [email protected] should you require any assistance or spot any inaccuracies
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