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Singtel Dash EasyEarn

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Insurance Savings Plans/Singtel Dash EasyEarn
Insurance Savings Plans/Singtel Dash EasyEarn
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This product is managed by Singtel.

Singtel Dash EasyEarn

$2,000

MIN. ACC BALANCE

1.5% guaranteed + 0.3% bonus

RATE OF RETURN

1.8% for first $20k

INTEREST CAP

Singtel Dash EasyEarn

$2,000

MIN. ACC BALANCE

1.5% guaranteed + 0.3% bonus

RATE OF RETURN

1.8% for first $20k

INTEREST CAP

Details

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  • Claimed in November 2020

Singtel Dash EasyEarn Review 2021: A Way To Take Your Savings Higher

Dash EasyEarn is an insurance savings plan underwritten by Etiqa Insurance that is made available to Singtel Dash users.

It gives you a guaranteed 1.50% p.a. rate of return, plus a bonus 0.3% p.a. rate of return on the first S$20,000 for the first policy year.

In terms of insurance coverage, Dash EasyEarn's death benefit covers up to 105% of your account value.

Interested in saving with Dash EasyEarn?

All you have to do is sign up to be a Dash user and top up a minimum amount of S$2,000 to get started.

If S$2,000 is too much for you, you can opt for the Dash EasyEarn Lite plan which gives you a 1.0% p.a. rate of return for your first policy year, and it only requires a minimum deposit of S$100.

Whichever plan you choose to go with, you can withdraw your money anytime as there's no lock-in period.

Read More about Singtel Dash EasyEarn
Reviews (2)

4.5

2 Reviews

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    Most HelpfulMost RecentLow to HighHigh to Low
      Updated on 30 Nov 2020

      Purchased

      Singtel Dash EasyEarn

      As an existing Dash user, it was quite intriguing to have this new product that I can park my savings aside, especially since banks have cut their rates. I closed my OCBC account and moved my money to DBS Multiplier, SingLife, Dash EasyEarn and recently Etiqa's Gigantiq to maximise whatever savings I could get and lock in the guaranteed 2%. At least I know my rates won't change until at least one year later, I'm okay with shifting money but it's still another step to take.. The signup process was very swift and I like that all the transactions are easily accessible on a single dashboard. Quite encouraging to see the daily interests increase and receive the SMS every month to know how much interests I've accumulated! I've also tried to withdraw money to Dash to spend and earn reward points, but haven't tried the withdrawal to bank account ($0.70 fee =.=) Overall, simple to signup and no-frills savings product!

      0

      Post

      Updated on 24 Nov 2020

      Purchased

      Singtel Dash EasyEarn

      [Application Process] Very straightforward. You just need a photo and your personal info in order to open an account via the Singtel Dash mobile app. You'll probably get it done in less than 15 minutes. [Interest Rate] I like that there's a guaranteed 1.5% p.a. rate of return, even after the first policy year. [Withdrawal Process] I don't like the $0.70 processing fee levied for moving my money into my bank account (via PayNow). It's small enough that it's pretty much negligible and I get that they're trying to encourage us to use the Dash wallet (since there's no withdrawal fee there), but it would have been nice to not have to pay the processing fee. [Others] I use this on top of my Singlife Account to earn more interest on my emergency funds which I'm not using yet.

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      Interest Rates for Singtel Dash EasyEarn

      Dash EasyEarn

      Dash EasyEarn Lite

      Interest Rates

      1.5% p.a. guaranteed + 0.3% p.a. bonus for first policy year

      1.0% p.a. for the first policy year

      Premium Size

      Save between S$2,000 - S$20,000

      Save between S$100 - S$2,000

      Death Benefit

      105%

      105%

      Minimum Withdrawal Amount

      S$100

      S$10

      Singtel Dash EasyEarn Rate of Returns

      How Does Singtel Dash EasyEarn Work?

      EasyEarn is a single premium, universal life plan. It offers you some amount of protection and with the money from the one-time premium in your account, that also helps you earn attractive return rates. With no lock-in period, you can withdraw your money anytime. Essentially, it is an insurance savings plan.

      EasyEarn has 2 tiers, regular Dash EasyEarn or Dash EasyEarn Lite. They differ in terms of rate of returns accruable, premium amount and withdrawal amount.

      Dash EasyEarn:

      • Earn 1.8% p.a. for the first policy year, starting with a minimum sum of S$2,000.
        This 1.8% p.a. is made up 2 types of interest rates - a guaranteed 1.5%p.a. + 0.3% p.a. that is applicable in the first year of sign-up only.
      • Get insured for 105% of your total account balance in the event of death.
      • If your daily average account balance falls below S$2,000, there will be no returns accruable.

      Dash EasyEarn Lite:

      • Earn 1.0% p.a. for the first policy year, starting with a minimum sum of S$100
      • Get insured for 105% of your total account balance in the event of death.
      • If your daily average account balance falls below S$100, there will be no returns accruable.

      How to Earn the Highest Rate of Returns for Singtel Dash EasyEarn

      How do you earn the highest rate of returns for Dash EasyEarn?

      Dash EasyEarn's rate of returns is really straight-forward. The returns per annum for Dash EasyEarn is 1.8% p.a. for account balances of up to S$20,000 for the first policy year.

      To earn more returns, simply top-up more into your account to earn from the 1.8% p.a. via your bank account. The total account is calculated by adding the accumulated rate of returns and any top-ups. While it might be a single premium policy, you can still top-up your account to increase the average daily balance for higher returns

      However, if your daily average account balance falls below S$2,000, there will be no returns accruable.

      Insurance Coverage by Singtel Dash EasyEarn

      As a universal life plan, Singtel Dash EasyEarn covers you for 105% of your account balance upon death, and the minimum one-time premium is S$2,000.

      If you'd like to be covered for more, simply top-up your Dash account.

      A larger account balance also means you'll be earning more.

      Benefits and Features of Singtel Dash EasyEarn

      • In this low interest rate environment, EasyEarn has a relatively high interest rate compared to other Bank Savings Accounts but it is not the highest rate of return enjoyable amongst all the Insurance Savings Plans.
      • EasyEarn gives you full access and flexibility to your savings with liquidity
        To withdraw, make a request via the mobile app and choose to receive the partial withdrawal amount via PayNow (using your NRIC) or to your own POSB or DBS account via direct credit. However, the minimum amount for withdrawal is S$200 for the Dash EasyEarn plan, and S$10 for EasyEarn Lite.

      Singlife vs GIGANTIQ vs Dash EasyEarn

      Between these 3 new insurance savings plans, what are the differences and which is the best for you?

      Check out our Insurance Savings Plan Comparison Guide to find out if Dash EasyEarn is the best insurance savings plan!

      How Do I Apply for Singtel Dash EasyEarn?

      1. Download and Launch the Singtel Dash App
      2. Tap 'Grow Money'
      3. Sign up for Dash EasyEarn by filling in your particulars and verifying your identity with a valid photo ID
      4. Top up your Dash EasyEarn account and start growing your savings!

      Who Can Apply For Singtel Dash EasyEarn?

      Currently, EasyEarn is only available to Singtel Dash users.

      On top of that, you'll need to fulfill the following eligibility criteria:

      • You are a Singapore citizen or PR with a valid NRIC, OR
      • You are a foreigner with a valid work pass or permit, or a Long-Term Visit Pass
      • You are between 17 to 75 years old (age as of next birthday)

      Not sure if you're eligible?

      Chill. Just sign up or log in to your Singtel Dash app to check your eligibility.

      Fees and Charges for Singtel Dash EasyEarn

      • A transaction fee of S$0.70 will be charged for each partial withdrawal request. However, no transaction fee is applicable for partial withdrawal request into Dash Wallet.
      • Minimum Withdrawal Amount: S$100 for EasyEarn, and S$10 for EasyEarn Lite
      • Minimum Top-up: S$500 for EasyEarn, S$50 for EasyEarn Lite.

      Contact Etiqa

      • Customer Service Tel: +65 6887 8777
      • Main Office Tel: +65 6336 0477
      • Address: 16 Raffles Quay, Hong Leong Building, #01-04A, Singapore 048581

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.