No Lock-In

Full access to your money

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 crediting rates will be revised from 1.5% p.a. to 1.0% p.a. for the first S$10,000 starting from 01 Jul 2021.

What does “Lock-In” mean?

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.

Enjoy “No Lock-In” with your Singlife Account

This means you can access and withdraw your money at any time from your Singlife Account policy without any financial penalty.

Withdraw your money via FAST with no fees at all

  • Tap on ‘Withdraw’ in your Singlife App Home Screen
  • Tap on ‘Add New Account’ and enter your designated personal bank account details
  • Enter and confirm your withdrawal amount
  • Just a swipe and your money will be transferred almost instantly.

Or spend with your Singlife Card

Spend worldwide with the Singlife Visa Debit Card.
Enjoy no FX fees and no annual fees.

How to save as you spend with the Singlife Card?

Sign up today

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.

Commonly Asked Questions

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Please note that withdrawn money may only be reflected in your designated bank account up to 3 hours later.

Next Feature

Insurance Benefits

Your Singlife Account also provides insurance protection for unfortunate life events.

Singlife Account at a glance

Important Notes

  • The information on this page is meant for your general knowledge and does not regard any specific investment objectives, financial situations or particular needs any person might have. Nothing on this page constitutes the provision of financial advice.
  • Before making a commitment to purchase this product, you should consider whether the product is suitable for you by referring to the product summary, terms and conditions and FAQs. Alternatively, you may wish to seek advice from a financial adviser before making a commitment to purchase this product.
  • We hereby disclose to you that:
    (a) Your relevant money as defined under Payment Services Act (“PSA”) from Singlife Account will be held by us on behalf of you in a trust account opened with a safeguarding institution;
    (b) Your relevant money from Singlife Account will be deposited in a trust account together with, and commingled with, the relevant money received by us from our other Singlife Account customers;
    (c) There is no foreseeable risks of such commingling and you are able to withdraw your account value anytime via FAST;
    (d) The relevant money in the trust account with the safeguarding institution is insured by SDIC. Pursuant to section 23(7)(b) of the PSA, the customers’ relevant money deposited in a trust account are not liable to be taken in execution under an order or any court process, such as in insolvency proceedings. In the event of the insolvency of the safeguarding institution, the Monetary Authority of Singapore may make regulation under section 103 of the PSA on the manner in which the customers’ relevant money must be treated and dealt with; and
    (e) The safeguarding institution is not liable to compensate you for your claims against Singlife.
  • This policy is protected under the Policy Owners’ Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme, as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association or Singapore Deposit Insurance Corporation Limited (SDIC).
  • Information is correct as at 1 July 2021.
  • This advertisement has not been reviewed by the Monetary Authority of Singapore.