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About Singlife: Save, Earn, Insure
Managing your finances doesn't have to be complicated. Singlife: Save, Earn, Insure combines savings, spending, insurance, and investment tools into a single app designed for people who want their money to work harder without the hassle.
Start building wealth immediately with competitive returns on your savings. Open a Singlife Account with just S$500 and earn 2.5% p.a. on your first S$10,000, plus 1% p.a. on amounts above that. Track your daily returns in real time and watch your credited returns grow each month—all without the complexity of traditional banking products. Withdraw anytime with zero-cost FAST transfers, giving you instant access to your funds whenever you need them.
Your money is protected with built-in life insurance coverage. Every Singlife Account includes automatic insurance protection up to 105% of your account value in the event of death or terminal illness, plus a limited-time retrenchment benefit. This means your savings are safeguarded while you grow your wealth.
Spend smarter with your free Visa debit card. Use it worldwide with no foreign transaction fees, and enjoy instant notifications on every purchase. Organize your spending with intuitive spend categories to understand where your money goes each month. Whether you're at home or traveling, you're in control.
Security is built into every transaction. Log in using biometric authentication or two-factor verification, and lock your card instantly if it's lost or stolen. Our customer support team is always ready to help with any questions.
Set up your account in minutes with no hidden requirements or strings attached. The Singlife app puts financial management, savings growth, insurance protection, and global spending into your hands with just a few taps. Stop letting your money sit idle and start building the future you deserve with Singlife: Save, Earn, Insure.
Pros & Cons
Pros
- Competitive savings rates with real-time return tracking and instant withdrawals
- Automatic life insurance coverage included up to 105% of account value
- Free Visa debit card with no foreign transaction fees for global spending
- Biometric login and instant card lock for security and fraud prevention
Cons
- Minimum S$500 opening balance required before you can start saving
- Tied to Singapore market; currency and account restrictions may apply
- Retrenchment benefit is limited-time only, not a permanent feature
- Account management and spending controls depend on app availability and connectivity
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