2.5% interest with no lock in during this time??

The interest rate are falling all over the world. And we have seen this cascade down to the interest rate we are receiving from banks. With DBS, Standard Chartered cutting down their savings interest rate, it it quite hard to believe that Singlife is able to provide 2.5% interest for their Insurance Savings Plan. If you sign up with my link here and activate your Singlife debit card, we will both get $10!

Went to their site to find out more and below are some info-graphics if you are interested to 'Insursave" with them. Some points to take note is that

1. 2.5% interest rate is only for the first $10,000. Subsequent amount up to $100,000 is at 1% interest rate, which is still higher than most bank.
2. There is no lock in Period. You can deposit and withdraw via FAST bank transfer. I can only see the withdrawal option via mobile phone App now. And yes, I have tried to deposit and withdraw from Singlife.
3. The "Insursave" comes with retrenchment benefits which is think is quite good during this period. 
4. The capital is protected via SDIC but not the interest rate. This mean that they can reduce the interest rate at any point in time.

Stay Safe and  Happy Value Investing