All three plans are short term insurance savings plans that promise attractive returns. Dash EasyEarn and GIGANTIQ are underwritten by Etiqa Insurance Pte. Ltd while the SingLife account is by SingLife.
In terms of crediting rate, Dash EasyEarn crediting rate is 1.8% p.a. while “GIGANTIQ” and SingLife is 2.0% p.a. . Do note that SingLife's returns are non-guaranteed while both “Dash’s EasyEarn” and “GIGANTIQ” crediting rate consist of both guaranteed and non-guaranteed returns.
You can check out this article for a full detailed comparison of the Singlife account, “Dash EasyEarn”, and “GIGANTIQ”.
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Thank you for the question.
You are right in saying that these three Insurance Savings Plan are similar but there are a few differences.
I also think that there is no better one but I am sure you can find something that is best for your needs.
In terms of liquidity, Singlife is best as you can take your money in and out of the account freely without having to pay any withdrawal fee.
But, the drawback for this account is that the 2% rate of returns is not guaranteed and might fluctuate in the future.
There is also a $10,000 cap on the amount that receives 2% interest.
To maximise your returns, you might want to put any excess money you have over $10,000 that you would not need to move much into Gigantiq first.
This is because the rate of returns for Gigantiq for the first year is 2% (1% guaranteed and 1% bonus) for the first $10,000; which is higher than Singtel Dash EasyEarn's 1.8% (1.5% guaranteed + 0.3% bonus) rate of returns.
For a more thorough look at these plans, please take a look at this article I wrote:
Hope this helps!
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Singtel Dash EasyEarn
MIN. ACC BALANCE
1.5% guaranteed + 0.3% bonus
RATE OF RETURN
1.8% for first $20k