facebookChocolate Finance Ratings Oct 2024

Chocolate Finance

  • Key Features
  • Reviews (3)
  • Discussions (0)
  • More Details

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Chocolate Finance Logo
5.0
3 reviews
claimed
Claimed

This product is managed by Chocolate Finance.

Summary

Chocolate Finance Savings Account Review 2024

Chocolate Finance is a brand of Chocfin Pte Ltd (UEN 202347190R). Chocfin Pte Ltd is licensed by the Monetary Authority of Singapore (CMS101452) to perform fund management activities.

All investments involve risk. The 4.2% p.a. return is subject to change based on market conditions, with Chocolate top-up support offered as an incentive during the Qualifying Period, and it does not constitute a guarantee of return or capital.

Terms and conditions apply.

Chocolate Finance Exclusive: EnjoyΒ 4.2% p.a. on your first S$20,000Β and a targetΒ 3.5% p.a. on any amount above that.Β 

  • No complex criteria. Just put your money in and start seeing daily returns on your first S$20,000 the very next day.Β 
  • No lock-ins.
  • No minimums, no maximums.
  • Take your money out anytime. No restrictions. No penalties.Β  If we don't make the target 4.2% p.a. return for your first S$20,000, the difference will be topped up during the qualifying period.

Account Features & Details

1) Key Features

Chocolate Finance is a new place for your spare cash:

  • πŸ’° Enjoy 4.2% p.a. return on your first S$20,000 and 3.5% p.a. on everything after that!
  • πŸ“† Daily returns – see your returns every, single, day!
  • πŸ”“ No lock-ins – add and withdraw as you please!
  • πŸ™…β€β™‚οΈ No hoops – because complex criteria is so yesterday.
  • πŸ™…β€β™‚οΈ No fees – Chocolate takes zero fees until you get the target return. We only make money once you’ve made money.
  • 🫢 What's more, if we don't make the target 4.2% p.a. for your first S$20,000, the difference will be topped up so you enjoy the target return. Does it get any better than that?

2) Fees and Charges

There are no monthly charges or subscriptions for using Chocolate Finance. We only make money after you make money. So naturally, it’s our number one priority to make the returns we’ve targeted for you. No fees are charged until you achieve the returns we target.

Only once the target return has been achieved and the fund outperforms the target, we will take a fee of between 0-2%, depending on how much the portfolio outperforms (we've got to make our money somewhere πŸ€‘). We will never take any money from your 4.2% p.a. returns on your first S$20,000 or amounts thereafter for performance below 3.5% p.a.

3) Eligibility

  • Age: 18 years old and above
  • Singapore Residents
  • Minimum initial deposit: S$0
  • Minimum average daily balance: S$0

Product Page Transparency

  • Claimed in August 2024
...see more

Popular Products

Summary

Chocolate Finance Savings Account Review 2024

Chocolate Finance is a brand of Chocfin Pte Ltd (UEN 202347190R). Chocfin Pte Ltd is licensed by the Monetary Authority of Singapore (CMS101452) to perform fund management activities.

All investments involve risk. The 4.2% p.a. return is subject to change based on market conditions, with Chocolate top-up support offered as an incentive during the Qualifying Period, and it does not constitute a guarantee of return or capital.

Terms and conditions apply.

Chocolate Finance Exclusive: EnjoyΒ 4.2% p.a. on your first S$20,000Β and a targetΒ 3.5% p.a. on any amount above that.Β 

  • No complex criteria. Just put your money in and start seeing daily returns on your first S$20,000 the very next day.Β 
  • No lock-ins.
  • No minimums, no maximums.
  • Take your money out anytime. No restrictions. No penalties.Β  If we don't make the target 4.2% p.a. return for your first S$20,000, the difference will be topped up during the qualifying period.

Account Features & Details

1) Key Features

Chocolate Finance is a new place for your spare cash:

  • πŸ’° Enjoy 4.2% p.a. return on your first S$20,000 and 3.5% p.a. on everything after that!
  • πŸ“† Daily returns – see your returns every, single, day!
  • πŸ”“ No lock-ins – add and withdraw as you please!
  • πŸ™…β€β™‚οΈ No hoops – because complex criteria is so yesterday.
  • πŸ™…β€β™‚οΈ No fees – Chocolate takes zero fees until you get the target return. We only make money once you’ve made money.
  • 🫢 What's more, if we don't make the target 4.2% p.a. for your first S$20,000, the difference will be topped up so you enjoy the target return. Does it get any better than that?

2) Fees and Charges

There are no monthly charges or subscriptions for using Chocolate Finance. We only make money after you make money. So naturally, it’s our number one priority to make the returns we’ve targeted for you. No fees are charged until you achieve the returns we target.

Only once the target return has been achieved and the fund outperforms the target, we will take a fee of between 0-2%, depending on how much the portfolio outperforms (we've got to make our money somewhere πŸ€‘). We will never take any money from your 4.2% p.a. returns on your first S$20,000 or amounts thereafter for performance below 3.5% p.a.

3) Eligibility

  • Age: 18 years old and above
  • Singapore Residents
  • Minimum initial deposit: S$0
  • Minimum average daily balance: S$0

Product Page Transparency

  • Claimed in August 2024
...see more

Chocolate Finance

4.2% p.a. on first S$20,000
INTEREST RATES
S$0
MIN. INITIAL DEPOSIT
S$0
MIN. AVG DAILY BALANCE

Chocolate Finance

4.2% p.a. on first S$20,000

INTEREST RATES

S$0

MIN. INITIAL DEPOSIT

S$0

MIN. AVG DAILY BALANCE

Reviews (3)

5.0

3 Reviews

5
3
4
0
3
0
2
0
1
0

      Posted 02 Sep 2024

      Purchased

      Chocolate Finance

      Easy to create an account, instant top up of account and able to monitor the daily returns on the application. Easy to use πŸ‘πŸ»

      1

      What are your thoughts?

      Chocolate Finance

      10 Sep 2024

      Fabulous to hear! We welcome you to Chocolate Finance and look forward to introducing new features soon!

      Posted 12 Aug 2024

      Purchased

      Chocolate Finance

      [Fuss Free] - No fees - No lock-in period - No minimum average daily balance or fall-below fee - No requirement for salary crediting [Application Process] Easy and simple, took less than 10 minutes to apply via Singpass; approval was almost instant; note you currently have to join a waitlist but you can skip it with a referral link [Interest] Calculated and credited at the end of each day [Online Banking] App is easy and straightforward to use [Overall] Recommended for anyone looking to maximise their cash savings without having to jump through multiple hoops, while maintaining near-instant liquidity (instant withdrawal for up to S$20k; for amounts above that, it'll take 3-7 business days). Do note this is not a bank savings account so it is not SDIC-insured but the funds are segregated and held separately by their trusted and licensed fund managers' custodians - HSBC and State Street

      1

      What are your thoughts?

      Chocolate Finance

      10 Sep 2024

      Hey James. Thank you for the detailed review. This is so useful for readers! Welcome to Chocolate Finance and enjoy!

      Posted 11 Aug 2024

      Purchased

      Chocolate Finance

      Deposit and withdrawal is instant Licensed By MAS Daily interest 4.2% (Higher than MariBank and GxS πŸ‘πŸ») Currently, have to join the waitlist, but you can use below link to skip the waitlist: share.chocolate.app/nxW9/ejpdqtay

      1

      What are your thoughts?

      Chocolate Finance

      10 Sep 2024

      Thanks Darren! No more waitlist required - anyone with SingPass can sign up and enjoy Chocolate Finance. Thanks for the 5 stars! Happy referring!

    Discussions (0)

      No Posts Found.

      Popular Products

      How to apply for a Chocolate Finance Account?

      • Download the Chocolate Finance app from the App Store or Google Play.
      • Sign up and verify your identity using Singpass MyInfo.
      • Once verified, add money to your account using a bank FAST transfer or Paynow QR. And voila! See your returns daily in the app.

      Contact Chocolate Finance

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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