[UPDATE 24 Oct 2020]: Unfortunately, the tranche for Elastiq has been closed. If you are looking for alternatives to Elastiq, you can consider the SingLife Account or Etiqa’s new plan, GIGANTIQ instead. Few months ago, I saw Elastiq’s 1.8% yield and brushed it aside. I was spoilt by JumpStart’s 2% interest rate with no requirements. After Standard Chartered cut its interest rates, guess who’s laughing now! Elastiq is being advertised as a flexible savings plan. But just how flexible is it? And should you be considering it to store your emergency funds? < div aria-hidden="true" class="wp-block-spacer"> < div aria-hidden="true" class="wp-block-spacer"> What Is Etiqa Elastiq? < div aria-hidden="true" class="wp-block-spacer"> < div aria-hidden="true" class="wp-block-spacer"> Elastiq is a universal life plan offered by Etiqa, a member of the Maybank group. It will mature before you reach 100 years old. Based on Etiqa’s website, a universal life plan is a ‘whole life insurance that...