facebookWhat is the difference between Etiqa Elastiq, Gigantiq and Dash Easyearn as all have 1.8% interest rate. Will I say Elastic is better as it have higher max amount and longer term 3 years? - Seedly

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JJ

J J

Level 5

22 Jan 2021

Insurance

What is the difference between Etiqa Elastiq, Gigantiq and Dash Easyearn as all have 1.8% interest rate. Will I say Elastic is better as it have higher max amount and longer term 3 years?

Discussion (3)

What are your thoughts?

PolicyPal

PolicyPal

22 Jan 2021

Level 11·Official Account at PolicyPal

Do note that the tranche for “ELASTIQ” is closed. Currently, only “GIGANTIQ” and “Dash EasyEarn” are available right now.

For both “GIGANTIQ” and “Dash EasyEarn”, the crediting rate is 1.8%. “Dash EasyEarn” consists of 1.5% guaranteed and 0.3% non-guaranteed returns while “GIGANTIQ”consists of 1% guaranteed + 0.8% p.a. non-guaranteed returns.

In addition, the minimum single premium amount to start the investment for “GIGANTIQ” is S$50, while “Dash EasyEarn” is S$2,000.

Therefore, it is 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.

Jiayee

Jiayee

22 Nov 2020

Level 11·Salaryman at some company

Some important differences would be:

  1. The guaranteed interest

  2. Subsequent interest rates if different from the first year's

  3. Withdrawal terms & conditions

These products go through Etiqa so the other stuff (e.g. the statement which says to allow Etiqa up to 6 months to process withdrawals) can be rather similar.

Elastiq tranche closed alr, u're left with gigantiq and easyearn. both interest rates guaranteed for...

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