Elastiq is Gone, and eSave Advance is Going; Last Chance to get Guaranteed 1.80% pa with Withdrawal Flexibility

The inevitable has happened and after severely restricting the sales of Elastiq, Etiqa has decided to close applications altogether. Now, Etiqa is withdrawing the almost identical eSave Advance from 1st October.

I’ve talked about Elastiq/eSave quite a bit, and for good reason: 1.80% pa guaranteed for three years with the flexibility of withdrawals is really compelling when bank interest rates have been free-falling in the past few months.

I’ve since emptied and closed various bank accounts, channeling funds to the various insurance savings accounts there are. There’re no requirements like salary crediting, card spend, or other silly hoops to jump through to get a decent return on my liquid savings, and I’m not going back to the trouble of meeting those conditions unless banks can offer substantially higher interest rates.

For those who are still on the fence whether to do something about the savings languishing in your bank, you don’t have much time left to secure a guaranteed rate of 1.80% pa for the next three years. Alternatively, you can subscribe to my Telegram channel for updates on compelling products that are upcoming (at least one viable alternative is in the pipeline). My advice? Get the eSave Advance now while it’s still available, and if better options arise in future, you can always withdraw your funds after 90 days. There is very little downside.

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).