Personal Finance
Dash EasyEarn Reduces Interest for New Sign Ups
By Sethisfy  •  September 25, 2020
Thanks to Z S from the Telegram group chat for pointing this out In a continuing trend of falling interest rates, the rate of Dash EasyEarn has been decreased from 2.0% p.a. for the first year to 1.8% p.a. for new sign ups as of today (25th September). Existing policyowners are not affected since the interest rate is guaranteed for the first year. Regardless, Dash EasyEarn is a relatively new product so it is surprising to me that a cut has come this soon. This follows Elastiq, also from Etiqa like Dash EasyEarn, being withdrawn. eSave Advance continues to be available until the end of this month, and is a safeguard against the continually falling rates we have been witnessing because it guarantees a 1.80% rate for three years while still allowing for withdrawals. Singlife Account continues to give a handsome 2.5% p.a., but it’s perhaps inevitable that a drop would come. Let’s hope that happens later rather than sooner....
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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