Hi all, I have $10k now and I am considering to put in either SINGLIFE, GIGANTIQ, DASH EASYEARN for 1 year. Which will be the best option in your opinion?

Singlife!

No withdrawal fees FTW man (in case you need to withdraw your capital within the year).

Cheers and all the best man. :)

- Jeffrey (jeffreyleezq.com)

I personally feel Singlife has been changing their interest rate too rapidly, from when they just started 2.5%, 2%, 1.5%, at the rate of changing every few months, you can kinda predict when and what the next change would be. However, the good thing about Singlife is that they allow flexible withdrawal with no fees.

While GIGANTIQ and Dash Easyearn guarantees you interest for a year, however the cons of it is that per withdrawal is charged at 50-70 cents.

If I were you, I would definetely spilt my 10K into 1k Singlife and 9k GIGANTIQ or Dash Easyearn. This allows you to have flexibility in any case when you need your money, and giving you the greatest interest.​​​

We are assuming that you are not willing to take risks. With the recent interest rate cut, the return on Singlife is 1.5%. It's a matter of time before the rest start cutting their interest rate.

If you are looking purely from a return standpoint, GIGANTIQ is probably better now.

You might want to consider investing in the market for a higher return given the low interest rate.​​​

Hi there!

All three are universal life insurance plans that offer attractive returns. Dash EasyEarn and GIGANTIQ are underwritten by Etiqa Insurance Pte. Ltd while the SingLife Account is underwritten by Singapore Life Pte Ltd.

In terms of returns, Dash EasyEarn's and GIGANTIQ’s crediting rate are up to 1.8% p.a. while SingLife is 2.0% p.a.. Do note that SingLife's returns are non-guaranteed while both Dash EasyEarn and GIGANTIQ’s returns consist of both guaranteed and non-guaranteed returns.

Please note that new sign-ups for the Singlife Account are on hold with effect from 15 December 2020.

Therefore, it is still best to speak with a financial adviser about your needs before making a decision.

Lastly, GIGANTIQ is currently available on PolicyPal’s app with an exclusive promotion. You can find out more here.