Singlife Account Reviews and Comparison - Seedly
Seedly logo
Seedly logo
 

Singlife Account

  • Overview
  • Reviews (100)
  • Questions (0)
  • More Details

Singlife Account

Up to 2.5% p.a
INTEREST RATES
$500
MIN. INITIAL DEPOSIT
$100
MIN. AVG DAILY BALANCE

    Singlife Account

    Up to 2.5% p.a
    INTEREST RATES
    $500
    MIN. INITIAL DEPOSIT
    $100
    MIN. AVG DAILY BALANCE

Details

Singlife Account is an insurance savings plan that gives you access to your savings via the Singlife App and Singlife Visa Debit Card

Hightest Interest Rates for Singlife Savings Account

The returns per annum for Singlife Account is 2.50% p.a. for account balances of up to S$10,000. Returns are not guaranteed.

  • 2.50% p.a. on the first S$10,000
  • 1.00% p.a. on the next S$90,000
  • 0% p.a. on amounts above S$100,000
Read More about Singlife Account
Reviews (100)

4.6

100 Reviews

  • 5
    69
  • 4
    27
  • 3
    3
  • 2
    0
  • 1
    1

Read Review About...

Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 13h ago

    Purchased

    Singlife Account

    [Fuss Free] Sign up was easy with singpass login and provided the relevant terms and condition documents to download and view. [Interest] 2.50% P.A. interest ( one of the highest rates ) [Online Banking] App is easy to use and able to deposit and withdraw money smoothly. What I like is the interest accumulated for the month shown below the saving sum.
    0 comments
    0
  • Updated 1d ago

    Purchased

    Singlife Account

    Have been using the Singlife account as a saving account and has been great because of the 2.5% interest rate. The application process is quite simple as well. Transferring money in and out fo the account is very convenient and fast.
    0 comments
    0
  • Updated 1d ago

    Purchased

    Singlife Account

    Been using this for a few months and so far, the interest rate is still at 2.5%p.a A min. $500 is required to start and activate the account and only $100 is required to keep the interest coming in at 2.5%. So far, i have managed to hit the limit for the 2.5% interest at $10,000 (with the persuasion of my family members to pull money together) and have been consistently cashing out the interest. Overall, very easy to use but sometimes the app glitches and the customer service isn't very good. It is however, a very good place to park your extra cash for some passive income. Hope this helps :)
    0 comments
    1
  • Updated 3d ago

    Purchased

    Singlife Account

    I started using this account at the start of July 2020 and I've been using it as a normal savings account although it is advertised as an insurance savings plan. So far it has been a good experience. I downloaded and set up the app successfully without any glitches (I heard a lot of people face issues with setting up an account regardless of the operating system). Deposit and withdrawals are also very efficient. It all happens within a few minutes from my experience Things to note: -2.5%pa return on first $10k deposited -1%pa return on next 90k deposited -no interest on any amount above $100k -deposit $500 to activate and start earning interest! Pros: -1 of the highest interest rates anywhere in Singapore that I know of and no lock in period -UI is very user friendly and straightforward -Deposit/withdrawals are speedy Cons: -App is glitchy for some (according to reviews on app store) -The 2.5% return is only on first $10k which is quite little
    0 comments
    0
  • Updated 3d ago

    Purchased

    Singlife Account

    Account setup was fast and easy. It can easily be done thru the use of MyInfo. Chanced upon this account's interest rate and decided to give it a shot. Do note that it requires a minimum sum of $500 to kick things off but there is no need for regular top up. Additionally also note that the interest rate as stated is not guaranteed, subject to change. As mentioned by some, it requires a FAST transfer (the account number looks weird to me at first glance, likely because I am used to seeing 2xx or 081) but as soon as transaction is done, the amount is reflected almost immediately in the account. Upon account registration, I also do receive it's card too (receive it about 1 or 2 weeks later, reason for lateness is subject to the covid situation) and card activation can be easily performed thru the app.
    0 comments
    0
Questions (0)
Recent ActivityUnansweredTrending
No questions found.

How to maximise the returns for Singlife Account?

The returns per annum for Singlife Account is 2.50% p.a. for account balances up to S$10,000. Returns are not guaranteed.

  • 2.50% p.a. on the first S$10,000
  • 1.00% p.a. on the next S$90,000
  • 0% p.a. on amounts above S$100,000

Benefits from Singlife Account

  • Singlife Account is an insurance savings plan that gives you access to your savings via the Singlife App and Singlife Visa Debit Card
  • There is flexibility in accessing funds anytime and earn competitive interest rates.
  • It also comes with a Visa debit card with no monthly or annual fees.

Eligibility: who can apply for Singlife

  • Singapore resident with valid NRIC or Fin
  • Aged between 18 and 65
  • Valid Singapore number and Singapore residential address

How to apply for Singlife?

Download the Singlife App on your mobile phone.

Set-up a Singlife ID & apply for your Singlife Account

Start with just $500 (transfer via FAST, from your OWN bank account)

Only one Singlife Account per person

About Singlife

Singlife is a homegrown wealth technology company in Singapore, the first since 1970 to be licensed as a life insurance company by the Monetary Authority of Singapore. The company offers digitally-enabled financial services that create a connected consumer financial journey and interface to manage, grow, and protect the wealth and financial well-being of its customers. Singlife is backed by leading insurance, wealth management, and financial services companies including Sumitomo Life, Aflac Incorporated, Aberdeen Standard Investments, and IPGL (Holdings) Limited, standing as one of the top-funded homegrown fintech companies in Singapore. It was most recently listed as one of “The World’s 100 Leading Fintech Innovators in 2018” by KPMG.