Nerfed: GIGANTIQ Reduces Rate to 1.8% p.a For New Sign Ups; How Does It Compare Now?

Etiqa has unfortunately decided to decrease the crediting rate from 2% p.a. to 1.8% p.a. for the first $10,000. This affects new sign ups from 19th November 2020 onwards, and policyholders who have signed up before that are unaffected by the change in rate.

Reductions in rates are always unpleasant, but it’s worth noting that Etiqa has so far reduced rates for new sign-ups, and existing policyholders are not affected. This was also the case in the recent reduction in rates for Dash EasyEarn. 1.8% p.a. remains a competitive rate for products of this class, and it’s probably a good idea to sign up sooner rather than later.


Singlife AccountGIGANTIQDash EasyEarnWinner
Interest Rate2% / 1% p.a.1.8% / 1% p.a.¹ 1.8% p.a.² Singlife
Guaranteed TenureN/A1 Year1 YearGIGANTIQ/EasyEarn
Maximum Amount (higher rate)$10,000$10,000$20,000EasyEarn
Maximum Amount (lower rate)Next $90,000Next $190,000N/AGIGANTIQ
Minimum Amount$100$50$2,000Singlife³
WithdrawalAny amountAny amount
($0.50/$0.70 fee)
Multiples of $100
($0.70 fee)
Death Benefit105%105%105%Draw
  1. 1% p.a. guaranteed for first year + 0.8% p.a. bonus (for new sign-ups from 19th November 2020 onwards)
  2. 1.5% p.a. guaranteed for first year + 0.3% p.a. bonus
  3. GIGANTIQ deactivates the account and removes any value if the daily average amount for a calendar month is below $50.


I think it’s a wash between Singlife Account, GIGANTIQ and Dash EasyEarn, and most people should probably have two or three of these plans owing to the relatively low capacities they have for higher earn rates:

First $10,000Singlife Account2% p.a. rate, free withdrawals
Next $10,000GIGANTIQ1.8% p.a. rate, flexible withdrawals
Next $20,000Dash EasyEarn1.8% p.a. rate
Next $90,000Singlife Account1% p.a. rate, free withdrawals
Excess fundsGIGANTIQ1% p.a. rate, higher capacity

Sign up for GIGANTIQ here and receive $10 PolicyPal credits.

Sign up for Dash here and use DASH-L72MK and make 1 spend to support this site ☺️

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