, Singapore
411 views
/Cottonbro Studio from Pexels

Singlife ramps up interest rates of flagship digital savings plan

Half of Singaporeans find it hard to meet conditions for maximum interest rates on savings accounts. 

Singlife’s Singlife Account, a flagship digital insurance savings plan, said it will increase its base returns beginning today.

A Singlife-commissioned survey found that 50% of Singaporean consumers find it challenging to meet conditions for maximum interest rates on savings accounts. 

Recognising the importance of emergency funds (emphasised by 60% of consumers), Singlife Account offers a straightforward solution without additional conditions. 

ALSO READ: Sumitomo Life buys Singlife shares from TPG, plans full ownership

The base rate return on the first S$10,000 to S$100,000 has been increased to 3% per annum (p.a.). For amounts higher than S$100,000, base rate return will stay at 1% p.a..

Singlife Account Top-up Bonus Campaign and the Singlife Sure Invest Bonus Return Campaign participants could earn up to 4% p.a. on their first S$100,000. Both programmes offer an additional bonus return of 0.5% each. Clients could also choose to participate in both or either campaign.

Singlife Account allows fund top-ups or withdrawals without lock-in periods or fees. It also includes life insurance coverage up to 105% of the account value for death or terminal illness. 

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Markel targets professional indemnity market in Australia
Head of professional and financial risks, Kym Beazleigh, explains the game plan in Markel’s strategic expansion.
Insurance
Natural disasters steer Asia Pacific towards parametric insurance
Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.
InterContinental Singapore is saving insurance for a rainy day
NUS Professor Charoenwong discusses the effectiveness and value of a Singaporean hotel’s rain insurance offer.