Thanks to Z S from the Telegram group chat for pointing this out
In a continuing trend of falling interest rates, the rate of Dash EasyEarn has been decreased from 2.0% p.a. (1.5% guaranteed + 0.5% bonus) for the first year to 1.8% p.a. (1.5% guaranteed + 0.3% bonus) for new sign ups as of today (25th September).
Existing policyowners are not affected and remain at 2% p.a. (1.5% p.a. + 0.5% bonus). Regardless, Dash EasyEarn is a relatively new product so it is surprising to me that a cut has come this soon.
This follows Elastiq, also from Etiqa like Dash EasyEarn, being withdrawn. eSave Advance continues to be available until the end of this month, and is a safeguard against the continually falling rates we have been witnessing because it guarantees a 1.80% rate for three years while still allowing for withdrawals.
Singlife Account continues to give a handsome 2.5% p.a., but it’s perhaps inevitable that a drop would come. Let’s hope that happens later rather than sooner.
Etiqa also has Gigantiq which is very similar to Dash EasyEarn, and at present still gives the 2% p.a. rate it launched with.
I have been in touch with someone from Etiqa for a referral incentive programme, and they are working on something, although it is currently unclear what the specifics are. You can sign up for GIGANTIQ here, or read the review first.
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