Can’t Get Elastiq? Here’s Another Way to Get 1.80% pa on Your Savings Guaranteed For Three Years

Elastiq is a no-brainer account to have. It’s an insurance savings policy that offers the flexibility of withdrawals (you can make partial or full withdrawals 90 days after the start of the policy), and still offers you a decent 1.80% pa rate that is guaranteed for the next three years.

This means that if interest rates continue to fall, you’d be glad to have your funds parked in here for 1.80% pa returns. If interest rates recover or you have other opportunities, you are free to redeploy the savings elsewhere.

Limited availability

Good things don’t tend to last very long, unfortunately, especially given how interest rates have been falling the way they have in recent months. Elastiq has since become very limited in availability: only the first 5 each day may apply for it. I tried a few minutes past midnight and got this:

If you don’t want to play a game of Fastest Fingers First, especially for something you’re going to put tens of thousands of dollars into, you may want to consider eSave Advance, also from Etiqa.

Seth

Score easy $35 with Singlife Grow. No lock-in period and you can withdraw anytime without penalty!

Differences between Elastiq and eSave Advance

eSave Advance is basically Elastiq with another name: it has the same 1.80% pa guaranteed rate for three years, partial or full withdrawals in $500 multiples after 90 days, and 106.8% Death benefit of the Account Value.

It does differ in the minimum and maximum amounts you can place for the starting premium. While Elastiq allows anywhere between $5,000 to $50,000 for the starting amount, eSave Advance requires a minimum of $30,000, and allows you to place as much as $200,000.

Placing a higher amount also means that you can get the guaranteed rate on a much larger sum of money. While Elastiq (and eSave Advance) does let you top up the account, the crediting rate is subject to change at any time, while the 1.80% crediting rate is guaranteed for the initial premium for a period of three years.

Sign up

If you wish to sign up, leave a comment with your email (will not be publicly shown) and I will send you the application details.

Keep up to date on the best cashback/mile cards, savings accounts, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel.

Subscribe to the channel, then join the group chat. You would often benefit from the tips exclusively shared in the group chat! See the Things You’ve Missed here

Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Thank you for supporting my site!