The minimum savings premium is at $5k. So, I thought why not? Since this $5k is something that I do not need atm, it’s better for me to park the money here vs keeping it in my CIMB fastsaver earning just 1%.
Furthermore, you are able to withdraw money after 90 days – just take note that a service fee is charged if your average daily balance falls below $5k.
I’ve just applied for the plan and parked $5k. I may be withdrawing this 3 years later and am expected to cash out $325 more interest.
The whole process took me less than 10 minutes. Take note that payment will be via DBS auto debiting. I’ve also signed the plan up for my hubby!
If you are interested, key in R104346 under referral code and you’ll get Etiqa eWallet credits worth 0.5% of policy’s premium value as a sign-up gift