Lately, insurance savings accounts/policies have increased in popularity as banks are slashing interest rates on their flagship high interest rate savings accounts. Heartland Boy blogged that he had also unabashedly jumped onto the bandwagon by parking a total of $30,000 with Singlife and Dash EasyEarn. The next exciting product in line under his consideration would be Etiqa Elastiq, which offers guaranteed 1.8% p.a. for the first 3 years. Here is Heartland Boy’s review of Etiqa Elastiq, an insurance savings plan by tiq.
GUARANTEED 1.8% FOR FIRST 3 YEARS ON YOUR INITIAL PREMIUM
What caught Heartland Boy’s attention is that the initial premium, capped at a maximum of $50,000, is eligible to earn a guaranteed interest rate of 1.8%. This interest rate is guaranteed for only the first 3 years, which is more than a sufficient amount of time for Heartland Boy’s consideration.
Additionally, should no withdrawal be made (include premium + top-ups) from the account at the end of 3 years,