Withdraw via FAST or spend with Singlife Card anytime, anywhere without incurring any fees.
Note that the Singlife Account is an insurance savings plan. It is neither a bank savings account nor fixed deposit. Each person is only entitled to one Singlife Account policy.
Note that all new sign-ups for the Singlife Account will be put on waitlist.
After a successful release and a merger underway, this is a chance for us at Singlife to spend the time to relook, regroup and refresh the Singlife experience and offering.
This will not affect existing Singlife Account policyowners who can still access their Singlife Account via the app. and can continue earning return of 1.5% p.a. on their first S$10,000 and 1.0% p.a. on their next S$90,000.
Those who do not submit their Singlife Account application by 23:59 on 14 December 2020 will need to put their names on the waiting list to be notified of when the app reopens for new customers in 2021.
Additionally, crediting rates will be revised from 2.0% p.a. to 1.5% p.a. for the first S$10,000 starting from 29 Jan 2021.
To all customers: crediting rates on the first S$10,000 in your Singlife Account will be revised from 2.0% p.a. to 1.5% p.a. from 29 Jan 2021. There will be no change in the crediting rate of 1% p.a. for your next S$90,000. However, you can keep earning 2.0% p.a. returns under the Save, Spend, Earn Campaign.
Some financial products have a “lock-in” period.
This is the length of time during which you are not allowed to change your financial arrangement – which includes early withdrawal of your money.
Financial penalties may apply if you withdraw your money early and the amount received may be less than the initial amount you put in.
This means you can access and withdraw your money at any time from your Singlife Account policy without any financial penalty.
You need to maintain a minimum account value of S$100. There are no returns to your Singlife Account policy if the account value falls below S$100.
is there a minimum account value required?
Spend worldwide with the Singlife Visa Debit Card.
Enjoy no FX fees and no annual fees.
A few minutes is all it takes to apply for
a Singlife Account policy
Note that the Singlife Account is an insurance savings plan. It is neither a bank savings account nor fixed deposit. Each person is only entitled to one Singlife Account policy.
You can use Fast and Secure Transfers (“FAST”) from your designated personal bank account(s) to fund your Singlife Account. This can be done via your Singlife App.
You can fund your Singlife Account any time after you have successfully completed the set-up.
Funds will be transferred instantly.
Use Fast and Secure Transfers (“FAST”) to your designated personal bank account(s) anytime.
Withdrawals can be made instantly through Fast and Secure Transfers (“FAST”).
Please note that withdrawn money may only be reflected in your designated bank account up to 3 hours later.
Your Singlife Account also provides insurance protection for unfortunate life events.
Capital guaranteed with no hidden fees or charges.
Start earning with a minimum of S$500. No gimmicks, just pure savings.
You get life insurance coverage of up to 105% of your account value and retrenchment benefits.
Indulge in your retail therapy with our complimentary Singlife Visa debit card.
You can withdraw your money anytime via FAST with no costs and no minimum term required.
Just download the app and sign up – a few minutes is all it takes.
NEWLY LAUNCHED!
