New Singlife campaign offers up to 4.5% returns amidst inflation woes

It is available for the first S$10,000 in an account.

Singlife has introduced a new Singlife Account Booster Bonus campaign, offering up to 4.5% p.a. on the first US$7,672.92 (S$10,000) in the Singlife Account, effective from 2 September. 

This initiative aims to help individuals grow their savings whilst providing life insurance coverage of up to 105% of their account value. 

“We recognise that inflation worries are growing among Singaporeans and are committed to continuously seeking better ways for our customers to achieve financial freedom. The Singlife Account Booster Bonus campaign offers customers an attractive and easy way to grow their savings through the Singlife Account., whilst also providing protection with life insurance coverage,” said Clarence Lin, Head of Digital and Transformation, Singlife.

The Singlife account offers a base return of 3% p.a. on the first US$7,672.92 (S$10,000), with 1% p.a. on amounts above S$10,000, up to US$76,729.19 (S$100,000). 

There are no returns for balances exceeding S$100,000. Account holders can boost their returns with an additional 1% p.a. by purchasing an eligible Singlife life or health policy, and a further 0.5% through the Singlife Account Top-Up campaign.

(US$1.00 = SG$1.30)