Rewards Updates : Nerfed: Chocolate Finance Drops Top-up Programme Rate to 2.5% and 2.2% p.a. on First S$50,000 From 1st September 2025

Source : 

https://sethisfy.com/nerfed-chocolate-finance-drops-rate-1st-september-2025/

ChatGPT : 

From 1 September 2025, Chocolate Finance will cut interest rates on its Top-up Programme for the third time this year:

Balance Tier	Current Rate (till 31 Aug)	New Rate (from 1 Sep)
First S$20,000	3.0% p.a.	2.5% p.a.
Next S$30,000	2.7% p.a.	2.2% p.a.
Above S$50,000	Target 2.7% p.a.	Target 2.2% p.a.

- Effective yield will drop to around 2.32% p.a. on S$50,000.

- The Top-up Programme will still run until 31 Dec 2025 or S$1.5B AUM.

- Chocolate Finance tops up returns to meet guaranteed rates if fund performance is lower. If fund returns exceed the set rate, the firm keeps the excess.

- Bond funds, which back the programme, are expected to do well as interest rates fall.

This follows similar rate cuts by UOB One, OCBC 360, and other digital banks.

Opinion : 

Every "safe" product interest rate is falling...

2.5% ain't that bad. But it doesn't beat inflation.

Diversify across riskier assets.