Compared: GIGANTIQ vs Dash EasyEarn vs Singlife Account
Update 19/1/2020: Latest comparison here
There have been significant changes since the last time I compared insurance savings accounts, and it’s time to push out an updated comparison between the three popular ones right now in the market.
What’s changed?
Each account has changed in the past couple of months.
The popular ELASTIQ (and its close sibling eSave advance) has sadly been withdrawn. In its place is GIGANTIQ which is more similar to Dash EasyEarn than Elastiq.
Dash EasyEarn itself has had its interest rate revised downwards from 2% p.a. to 1.8% p.a. for new applicants. Policyholders under the 2% rate are not affected.
Singlife Account is decreasing its 2.5% p.a. rate to 2% p.a. from 1st November.
Features showdown
| Singlife Account | GIGANTIQ | Dash EasyEarn | Winner | |
| Interest Rate | 2% / 1% p.a. | 2% / 1% p.a.¹ | 1.8% p.a.² | Singlife/GIGANTIQ |
| Guaranteed Tenure | N/A | 1 Year | 1 Year | GIGANTIQ/EasyEarn |
| Maximum Amount (higher rate) | $10,000 | $10,000 | $20,000 | EasyEarn |
| Maximum Amount (lower rate) | Next $90,000 | Next $190,000 | N/A | GIGANTIQ |
| Minimum Amount | $100 | $50 | $2,000 | Singlife³ |
| Withdrawal | Any amount | Any amount ($0.50/$0.70 fee) | Multiples of $100 ($0.70 fee) | Singlife |
| Death Benefit | 105% | 105% | 105% | Draw |
- 1% p.a. guaranteed for first year + 1% p.a. bonus (update 19/11/2020: return for new sign-ups is now 1.8% p.a.)
- 1.5% p.a. guaranteed for first year + 0.3% p.a. bonus
- GIGANTIQ deactivates the account and removes any value if the daily average amount for a calendar month is below $50.
Savings strategy
Given the low minimum accounts required to maintain these accounts and general lack of fall-below fees (except for GIGANTIQ), there is no harm in opening multiple accounts. It’s less of an issue of which account should I get, but more of in what order should I place my funds? Here is my suggestion:
| Amount | Account | Reason |
| First $10,000 | Singlife Account | 2% p.a. rate, free withdrawals |
| Next $10,000 | GIGANTIQ | 2% p.a. rate |
| Next $20,000 | Dash EasyEarn | 1.8% p.a. rate |
| Next $90,000 | Singlife Account | 1% p.a. rate, free withdrawals |
| Excess funds | GIGANTIQ | 1% p.a. rate |
Notably, I would also consider signing up for GIGANTIQ and EasyEarn to lock in the guaranteed rates promised, given the declining interest rate environment.
Given the lack of fees and any withdrawal requirements, Singlife Account would be excellent for really short-term funds and you can use it almost like bank account.
Speaking of which, if you’re able to meet the requirements of some bank savings accounts, you may still be able to eke out a rate higher than 1% p.a., and that may well be where you can direct your funds after maximising the higher earn rates of these accounts. Personally, I’m done with conditional bank accounts which are a hassle to manage, and the fuss-free nature of such insurance savings accounts does away with a lot of trouble.
Sign up
If you are a new customer to Etiqa: Sign up for GIGANTIQ by downloading the app, and use referral code R161521.
If you have existing policies with Etiqa (e.g. Elastiq, Dash EasyEarn etc.), please sign up here instead. Thank you!
For Dash, you can download the Dash app and use referral code DASH-L72MK. You won’t receive anything, except for the warm fuzzy feeling of supporting this site. You will need to make at least one transaction on your Dash account and I appreciate it if you took the trouble to do so.
Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
Subscribe to the channel for free updates!
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. Thank you for supporting my site!
Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).
Will I be able to use the Singlife account the same way like I use an POSB account to set up credit giro payment, bill payment, FAST funds transfer and so on?
Hi Yongdan, thanks for your comment. Unfortunately those are currently not possible.