What are your thoughts on the 1.8% p.a GIGANTIQ?

GIGANTIQ is definitely one of the accounts with the highest interest rate available for sign up today. I have used SingLife, GIGANTIQ and Dash EasyEarn for the past year, and my recommendation with the recent changes (SingLife not accepting any more accounts, decreasing interest rate to 1.5%), is GIGANTIQ.

Placing your emergency savings with GIGANTIQ will give you 1.8% interest per year on the first $10,000. Each year you keep $10,000 in the account, you will receive $180. There is no lock-in period and you can withdraw the amount any time you need it (most suitable for emergency funds). If you exceed $10,000, GIGANTIQ continues to offer 1% interest for the rest of your funds, making it the most flexible account. If you deposit $100,000, this means getting $1080 a year. They also have a death benefit of 105% of the value of your account.

In order to set up the account, you need to top up a minimum of just $50. While there is a $0.50 - $0.70 withdrawal fee, this is equivalent to less than 2 days of interest. It is definitely worth more to place your money in this high-yield savings account as compared to your bank.

All the reasons above make GIGANTIQ irrefutably the first account I will sign up for to replace my bank account regardless of my savings amount today. Locking in the 1.8% interest is the most important next step for me in this low-interest rate environment. (Etiqa has also stopped accepting savings previously - Elastiq - so this high interest might not be available for long).

I have done up a more in-depth comparison on emergency savings accounts, which you can check out here.

Do use my referral code (R178406) for GIGANTIQ if the information has been helpful. Thanks, and have a good day ahead!​​​

Hi there!

Firstly, GIGANTIQ is a universal life insurance plan underwritten by Etiqa Insurance Pte. Ltd. This plan offers high liquidity and is capital guaranteed.

Do note that the 1.8% crediting rate comprises of 1% guaranteed + 0.8% p.a. non-guaranteed returns is for only the first S$10,000 account value and for the first year only. The minimum sum to start the investment is S$50.

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

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