With the festive season around the corner, we want you to know that you can make all the ang pow you’ll be receiving work just a bit harder. Here’s how:
1. Invest it
Rather than depositing your ang pow money in an account that gives low interest, why not do something different and invest that money? Singlife Sure Invest is an investment-linked policy, which means it doesn't just help you grow your money, but it also gives you insurance protection.
Of course, the potential higher return comes with risk, so do your research, speak to financial advisers and when you're ready, invest according to your goals and risk profile.
2. Earn more from it
If you are more risk averse, here’s a suggestion: place your ang pow money into your Singlife Account where you can earn up to 3.5% p.a.1 base returns.
This insurance savings plan has no lock-in period, and you can make withdrawals anytime without incurring any fees. It also gives life insurance coverage of up to 105% of your account value. With a minimum initial premium of just S$100, you needn't worry about having insufficient ang pow dollars to start this insurance savings plan.
3. If you must spend it, then spend smart!
Of course, you could always spend your ang pow money but spend it smart and get more out of it. Use the Singlife Visa Debit Card you get with the Singlife Account when you shop, for zero foreign exchange fees on any online foreign currency transactions and overseas spending.
Oh, and to top it off, there are no pesky annual fees to keep track of!
Well, what are you waiting for?
Time to make all that lovely ang pow money you’ve accumulated work harder!
Notes
*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.
