The Best Rated Financial Products Based on Real User Reviews (October 2020)
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The Best Rated Financial Products Based on Real User Reviews (October 2020)

Ming Feng
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Why SeedlyReviews?

Sick and tired of companies patting themselves on the back a little too hard?

It’s like EVERYONE is the best telco or broadband provider in Singapore.

And EVERYONE is the best robo-advisor or has the best investment course in Singapore.

patting yourself on the back
Source: Giphy

Imagine trying to search for the best product to spend your hard-earned money on.

Only to be met with positive reviews and 5-star ratings (left by who?!) plastered over every single financial product out there.

Sell koyok (Singlish: snake oil) sia…

I mean, let’s be honest, every product sure has it’s pros and cons.

That’s why we started SeedlyReviews, a platform to gather unbiased, real user reviews to help YOU make smarter financial decisions as a consumer.

SeedlyReviews October 2020

How do we know that they’re real?

They’re all left by our SeedlyCommunity members, Singaporeans like you and me, who just want to share their perspectives on various financial products that most of us would use every other day.

No one paid any of us to leave a review.

We just want to share our experiences and help other Singaporeans make a decision.

So every review you see here is as objective and as unbiased as they come.


SeedlyReviews: What Are Singapore’s Top Financial Products For October 2020?

We are NOT paid to list any particular company or brand in this list.

In fact, this definitive list of Singapore’s top financial products was put together based on the reviews left by our SeedlyCommunity.

Here’s the criteria which we used to shortlist the winners:

  • Does it have a decent amount of reviews?
    If a product has 400 reviews with an average rating of 4 vs a product with only one review and a rating of 5, we’ll prioritise the one with more reviews as it gives a better insight!
  • How recent are the reviews?
    The more recent the review is, the better!
  • What’s the average rating?
  • How active are they in addressing negative reviews?
    It’s normal to receive a negative review because of an unfortunate experience, but if the company is proactive about addressing the issue and resolving the problem. That’s a win in anyone’s books!

So… here are the top financial products as reviewed by Singaporeans, for Singaporeans

SeedlyReviews Best Financial Products in Singapore

Lifestyle

Investment

Insurance

We recommend that you Bookmark this article as we’ll be updating it every month so you’ll be the first to know which are the best financial products to get.

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Best Savings Account in Singapore

Everyone needs a savings account.

Jumping on a savings account that allows you to maximise your interest rate can help you stretch their savings.

For savings accounts with more than 100 reviews on SeedlyReviews, we have:

  • CIMB FastSaver Account
  • DBS Multiplier Account
  • OCBC Frank Account
  • OCBC 360 Account
  • Singlife Account
  • Standard Chartered JumpStart Account

Standard Chartered JumpStart Account seems to be the best savings account with a rating of 4.9 across 689 reviews.

Standard Chartered JumpStart Review

DBS Multiplier is second with a rating of 4.4 across 257 reviews.

Real User Reviews on Savings Accounts

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Best Electricity Retailer in Singapore

Looking to cut your utilities bill?

Then you’re going to want to switch to the best electricity retailer in Singapore.

For the best electricity retailers with more than 200 reviews (all with an average rating of at least 4) on SeedlyReviews, we have:

  • Geneco
  • Keppel Electric
  • Ohm Energy
  • Tuas Power

Ohm Energy takes the top spot with an average rating of 4.9 across 300 reviews.

Their latest reviews are pretty recent (only a few days old).

And they’re constantly responding to reviews left by the SeedlyCommunity.

But what really sets them apart is the fact that they’re ALSO answering questions left by the SeedlyCommunity! Ohm Energy Question Tuas Power isn’t too far off with an average rating of 4.8 across 252 reviews.

With reviews as recent as only a couple of days old.

AND the fact that they’re actively reaching out to SeedlyCommunity members to assist them in response to a negative review.

Now that’s pretty awesome customer service!


Tuas Power Review

Real User Reviews on Electricity Retailers

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Best Mobile Plan in Singapore

Almost everyone has a phone in this day and age.

Naturally, the competition amongst the 14 telcos to offer the best mobile plan in Singapore is always high.

For the best mobile plans with more than 200 reviews on SeedlyReviews, we have:

  • Circles.Life
  • giga!
  • GOMO
  • MyRepublic

Circles.Life is the favourite telco amongst Singaporeans, gathering 552 reviews and an average rating of 4.4.

Kudos to the team for actively responding to the SeedlyCommunity’s feedback!

Circles.Life Review

Next in line is giga! with an average rating of 4.5 across 294 reviews.

Real User Reviews on Telcos

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Best Remittance Platform in Singapore

With so many remittance platforms to choose from, which is the best remittance platform in Singapore?

Based on the reviews left by the SeedlyCommunity, one platform stood out amongst the rest…

And that accolade belongs to InstaReM which has a 4.7 rating across 455 reviews.InstaRem Review

It’s clear that the team takes great pride in their product as they’re actively responding to every SeedlyReview left by the SeedlyCommunity!

Real User Reviews on Remittance Platforms  

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Best Broadband Provider in Singapore

Everyone needs wifi at home.

So naturally, you’ll want to know who is the best broadband provider in Singapore.

MyRepublic takes the top spot with an average rating of 4.4 across 1,205 reviews.MyRepublic Review

But if you’re looking to choose between the top 3 broadband service providers (all with more than 50 reviews on SeedlyReviews) in Singapore:

  • M1
  • StarHub
  • Singtel

M1 comes up on top with an average rating of 4.1 across 59 reviews.

Real User Reviews on Broadband Providers 

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Best Multi-Currency Card in Singapore

We might not be travelling anytime soon but there are plenty of uses for multi currency cards.

Wondering which is the best multi-currency card in Singapore?

For the best multi-currency cards with more than 200 reviews (all with an average rating of at least 4) on SeedlyReviews, we have:

  • MCO Visa Card
  • Revolut
  • YouTrip

YouTrip is the clear favourite with an average rating of 4.7 across 480 reviews.

YouTrip Review

With MCO Visa Card as the second choice of Singaporeans.

Real User Reviews on Multi-Currency Cards

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Best Robo-Advisor in Singapore

Robo-advisors are getting popular in Singapore as they offer investors a relatively fuss-free way to invest a fixed amount of savings.

Wondering which is the best robo-advisor in Singapore?

For the best robo-advisors with more than 100 reviews (and at least an average rating of 4) on SeedlyReviews, we have:

  • AutoWealth
  • Endowus
  • StashAway
  • Syfe

StashAway seems to be the most popular robo-advisor in Singapore with a 4.8 rating across 601 reviews.

StashAway Review

A close rival is Endowus which has a 4.8 rating across 131 reviews.

We like that the Endowus team is actively answering questions left by the SeedlyCommunity.

Endowus Question

And Samuel Rhee, Chief Investment Officer at Endowus, gives very detailed answers to users seeking a perspective on the market.

Real User Reviews on Robo-Advisors

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Best P2P Lending Platform in Singapore

P2P lending platforms are becoming a go-to for Singaporeans looking to park their money somewhere.

Even companies are getting their loans from P2P lending platforms instead.

As the P2P lending landscape is pretty volatile, real user reviews will help consumers make a more informed decision.

For the best P2P lending platforms with more than 50 reviews on SeedlyReviews, we have:

  • CoAssets
  • Funding Societies
  • SeedIn

SeedIn has the highest rating of 4.8 across 137 reviews.

SeedIn Review

But Funding Societies is no slouch with a 3.9 rating across 251 reviews.

With their most reviews as recent as a couple of days old. 

Real User Reviews on P2P Lending

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Best Online Brokerage in Singapore

Planning to trade or invest?

Then you’ll want to find out which is the best online brokerage in Singapore.

For the best online brokerage with more than 50 reviews (all with an average rating of at least 4)on SeedlyReviews, we have:

  • CGS-CIMB iTrade
  • FSMOne Fundsupermart
  • PhillipCapital (POEMS)

FSMOne Fundsupermart takes the top spot with an average rating of 4.4 across 150 reviews.

FSMOne Fundsupermart Review

 

Close behind is PhillipCapital (POEMS) with a rating of 4 averaged across 153 reviews.

Real User Reviews on Online Brokerages

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Best Investment Course in Singapore

When it comes to finding the best investment course in Singapore.

It’s hard to tell what the course will be like just looking at the curriculum. 

So the best way is to rely on real user reviews.

For the best investment courses with more than 200 reviews (all with an average rating of at least 4.5)on SeedlyReviews, we have:

  • DrWealth
  • The Systematic Trader
  • Trading With Rayner
  • VI

The Systematic Trader by Collin Seow seems to be the favourite with an average rating of 4.9 across 937 reviews.

The Systematic Trader Review

Not too far off is Trading With Rayner with a 4.8 rating averaged across 338 reviews.

Side note: kudos to the customer support team for making an effort to answer questions left by the SeedlyCommunity!

Trading With Rayner Question

Real User Reviews on Investment Courses

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Best Travel Insurance In Singapore

It’ll be a while before we start travelling again.

But it never hurts to know which is the best travel insurance in Singapore to get when we can finally head overseas again.

Or if you need to get one for a business trip.

For the best travel insurance with more than 100 reviews (all with an average rating of at least 4)on SeedlyReviews, we have:

  • ePROTECT travel / Tiq Travel
  • FWD Travel
  • MSIG TravelEasy
  • NTUC Income Travel Insurance

NTUC Income Travel Insurance is a hot favourite with a 4.5 rating across 512 reviews (a respectable rating despite the high volume of reviews left).

NTUC Income Travel Insurance Review

ePROTECT travel by Etiqa is a close second with an average rating of 4.7 across 166 reviews.

ePROTECT travel / Tiq Travel Review

Real User Reviews on Travel Insurance

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Best Personal Accident Insurance in Singapore

Does your work or lifestyle put you at risk of injury, disability, or even accidental death?

Then you might be looking for the best personal accident insurance in Singapore.

Manulife ReadyProtect Personal Accident Insurance seems to be the favourite amongst the SeedlyCommunity with an average rating of 4.8 across 59 reviews.

Manulife ReadyProtect Personal Accident Insurance Review

Real User Reviews on Personal Accident Insurance

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Best Health Insurance in Singapore

Choosing the best health insurance plan is not as simple as it looks.

Besides the price and coverage, how will you know which plan has the easiest claims process?

That’s where the real user reviews on SeedlyReviews will help.

The clear favourite of the SeedlyCommunity seems to be NTUC Income IncomeShield Health Insurance with an average rating of 4.5 across 281 reviews.

NTUC Income IncomeShield Health Insurance Review

 

Real User Reviews on Health Insurance

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About Ming Feng
A stint in Bloomberg gifted me with a beer belly, which only grew larger when I moved on to become a Professional Trader. Now I turn caffeine into digestible finance-related content.
You can contribute your thoughts like Ming Feng here.

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