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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 Dash.

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 (12)

4.5

12 Reviews

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      Posted 22 Oct 2021

      Purchased

      Singtel Dash EasyEarn

      Been holding to easyearn for almost a year. With current low interest rate environment. 1.5% -1.8% interest rate is superb.

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      Posted 21 Aug 2021

      Purchased

      Singtel Dash EasyEarn

      [Interest Rate] Signed up for it when it first launched and was enjoying an interest rate of 2% per annum. After one year, the interest has been reduced to 1.2%, but it is still a better rate than most other insurance saving plans on the market. [User Experience] It’s very easy to navigate via the SingTel Dash app, you can view all the interests that had been credited since the start of the policy in a glance.

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      10 May 2021

      Purchased

      Singtel Dash EasyEarn

      Been a user since oct 2020 and am glad that the interest rate still remain at 2% with no changes in policy. Have not tried withdrawing the $$ yet as need to pay fees. Its a good place to park money and not withdraw in this low interest enviornment unless there is a need to or if other services provide better interest rate.

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      30 Apr 2021

      Purchased

      Singtel Dash EasyEarn

      Easy to use interface when transferring $ in, and gives a higher rate of returns. Only cons is that have to withdraw out in multiples of $100.

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      26 Apr 2021

      Purchased

      Singtel Dash EasyEarn

      Easy and Convenient experience with Dash EasyEarn so far! Signing up was straightforward and the UX/UI is nice & simple. Pretty decent rates as well, considering the low interest rate environment currently. Would recommend if you want to park cash to earn some interest while keeping it liquid.

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      20 Apr 2021

      Purchased

      Singtel Dash EasyEarn

      [Interest Rate] In this day and age of low interest rates, this is a good no-frills option to be used as a higher yield savings account. Interest is credited according to what's been committed with no risk of fluctuations like in cash management alternatives. [Withdrawal Process] To me, this is one of the biggest plus point for Dash - withdrawing into bank account is seamless and INSTANT. I've tried other options before that take between 1-3 hours to reflect the withdrawals [Others] The only other gripe I would have with this product is how the denominations for topping up and withdrawal are controlled ($500 for topping up, $100 for withdrawal)

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      16 Apr 2021

      Purchased

      Singtel Dash EasyEarn

      My secondary option besides Singlife. The only con is that you can only withdraw in the multiple of 100.

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      16 Apr 2021

      Purchased

      Singtel Dash EasyEarn

      I think it's great the they did not change the interest rates for existing customers unlike other platforms. That in itself is amazing.

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      02 Apr 2021

      Purchased

      Singtel Dash EasyEarn

      [Application Process] A photo and your personal info is required to open an account via the Singtel Dash mobile app. [Interest Rate] The policy signed up before 24 September 2020 provides 2% p.a. returns for the first year. There is a guaranteed 1.5% p.a. rate of return, even after the first policy year. [Withdrawal Process] I dislike the idea of charging a processing fee of $0.70 to transfer the money into the bank account (via PayNow). In addition, the withdrawal amounts must be at least S$100, and in multiples of S$100 per withdrawal. It is like a forced move to encourage the users to move their money to your Dash wallet account limit with no charge. [Others] If given only a choice, Singlife Account might be a better option as compared to Singtel Dash EasyEarn due to no lock-in and no additional processing fees.

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      11 Mar 2021

      Purchased

      Singtel Dash EasyEarn

      [Application Process] Easy, photo of IC, but feel that it could had been auto-verified since I have done my verification for Dash already. [Withdrawal Process] Done 2 withdrawal, almost instant payouts. Kudos for making this happen. 70 cents fees per withdrawal, but I guess it's good if you have a habit of spending, it serves as a constant reminder to save. Con, can only withdraw in 100s, wish it was more flexible such that it takes in per dollar into account. [User Experience] The Dash app itself seems to have some issue where transiting from cellular data to wifi, such that the app seems to load very slowly whenever on transition. Overall, for a guaranteed 2% P.A, would say it's an assurance for your emergency funds, will consider porting my funds elsewhere after the 1 year.

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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.

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