The Singlife Savings Account is a Singapore Dollar non-participating yearly renewable universal life plan. It provides you cash value accumulation and coverage on death or terminal illness. The 2.5%p.a (on first $10,000) returns are NOT guaranteed and coverage is also NOT guaranteed for whole of life. Singlife reserves the right to terminate the policy on any policy anniversary by giving 90 days notice. So what's good about the Singlife Savings Account? For the first $10,000, 2.5%p.a interest is unparalleled now even if it is NOT guaranteed. If the rates change, you can withdraw out freely! No lock-in period.  In addition, the amount you've deposited in the Singlife Account is protected up to $75,000 by SDIC. How does the it compare? It compares favourably against the Singapore Savings Bond SSB. Rates have plummeted for the SSB and for 1y, you get only 0.57% in interest now. Singapore Savings bond also...