In an abrupt change,
SingFinance is dropping the interest rate of SIF GoSavers Account to 1.88% p.a. This is down from 2.28% p.a. and will
take effect from 15th July 2025.
New Rates
| Account Balance |
Interest Rates Before 15th July 2025 (p.a.) |
Interest Rate From 15th July (p.a.) |
| First $100,000 |
2.28% |
1.88% |
| Next $150,000 |
1.80% |
1.50% |
| Next $150,000 |
1.85% |
1.60% |
| Next $100,000 |
1.90% |
1.70% |
| Above $500,000 |
1.80% |
1.50% |
Just 2 weeks’ notice, existing customers not informed
Instead of an email or text message to its customers, SingFinance has updated their website to reflect the upcoming change. It is unclear when they did so, but helpful chat member nataliez
pointed out the change on 4th July 2025.
I think it is pretty poor form to make negative adjustments to products offered to retail customers with just 2 weeks’ of lead time for users to react, and it is even worse when such changes are not directly communicated to customers. The
review of the account has been updated to reflect this under the Cons column....
