Singlife Account crediting rates will be revised from 2.0% p.a. to 1.5% p.a. for the first S$10K 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 the next S$90,000. However, the good news is that you can keep earning bonus return of 0.5% p.a. under the Save, Spend, Earn Campaign, which has been extended to 30 June 2021. Find out more here.

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.

New sign-ups for the Singlife Account on hold with effect from 15 December 2020.

Be notified when the app reopens for new customers in 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.

You may refer to the Singlife Account Paid Referral T&C’s here

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.
  • 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 June 2020.
  • This advertisement has not been reviewed by the Monetary Authority of Singapore.