Make that ang pow $ work for you!

Man in costume holding red packet and gold ingot
There are many ways to generate more enjoyment from your ang pow money.

Love the thought of money that keeps growing? Here's how you can get more from your festive red packets.

 

With the festive season around the corner, we want you to know that you can make all those ang pows you’ll be receiving work just a bit harder. Here’s how:

 

1. Invest it

Rather than having your ang pow money deposited 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, why not place your ang pow money into your Singlife Account where you can earn up to 1.5% p.a.^ 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.


^ The Singlife Account gives 1.5% p.a. return for the first S$10,000, 1.1% p.a. return for the next S$90,000 and 0% for anything above S$100,000. 

 

3. If you must spend it, then spend smart!

If you're not ready to save or invest the money, then you might as well spend smart (and get extra out of it). When you shop using the Singlife Visa Debit Card, for instance, you get to enjoy 0 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! 

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