The Best Rated Financial Products Based on Real User Reviews (October 2020)
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.
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.
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
- Best Savings Account in Singapore
- Best Electricity Retailer in Singapore
- Best Mobile Plan in Singapore
- Best Remittance Platform in Singapore
- Best Broadband Provider in Singapore
- Best Multi-Currency Card in Singapore
- Best Robo-Advisor in Singapore
- Best P2P Lending Platform in Singapore
- Best Online Brokerage in Singapore
- Best Investment Course in Singapore
- Best Travel Insurance in Singapore
- Best Personal Accident Insurance in Singapore
- Best Health Insurance in Singapore
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.
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.
DBS Multiplier is second with a rating of 4.4 across 257 reviews.
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:
- 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.
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!
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 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!
Next in line is giga! with an average rating of 4.5 across 294 reviews.
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.
It’s clear that the team takes great pride in their product as they’re actively responding to every SeedlyReview left by the SeedlyCommunity!
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.
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 comes up on top with an average rating of 4.1 across 59 reviews.
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
YouTrip is the clear favourite with an average rating of 4.7 across 480 reviews.
With MCO Visa Card as the second choice of Singaporeans.
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:
StashAway seems to be the most popular robo-advisor in Singapore with a 4.8 rating across 601 reviews.
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.
And Samuel Rhee, Chief Investment Officer at Endowus, gives very detailed answers to users seeking a perspective on the market.
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:
- Funding Societies
SeedIn has the highest rating of 4.8 across 137 reviews.
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.
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.
Close behind is PhillipCapital (POEMS) with a rating of 4 averaged across 153 reviews.
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:
- The Systematic Trader
- Trading With Rayner
The Systematic Trader by Collin Seow seems to be the favourite with an average rating of 4.9 across 937 reviews.
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!
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).
ePROTECT travel by Etiqa is a close second with an average rating of 4.7 across 166 reviews.
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.
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.