Etiqa has unfortunately decided to decrease the crediting rate from 2% p.a. to 1.8% p.a. for the first $10,000. This affects new sign ups from 19th November 2020 onwards, and policyholders who have signed up before that are unaffected by the change in rate. Reductions in rates are always unpleasant, but it’s worth noting that Etiqa has so far reduced rates for new sign-ups, and existing policyholders are not affected. This was also the case in the recent reduction in rates for Dash EasyEarn. 1.8% p.a. remains a competitive rate for products of this class, and it’s probably a good idea to sign up sooner rather than later. Comparison

	Singlife Account	GIGANTIQ	Dash EasyEarn	Winner
Interest Rate	2% / 1% p.a.	1.8% / 1% p.a.¹	1.8% p.a.²	Singlife
Guaranteed Tenure	N/A	1 Year	1 Year	GIGANTIQ/EasyEarn
Maximum Amount (higher rate)	$10,000	$10,000	$20,000	EasyEarn
Maximum Amount (lower rate)	Next $90,000	Next $190,000	N/A	GIGANTIQ
Minimum Amount	$100	$50	$2,000	Singlife³
Withdrawal	Any amount	Any amount ($0.50/$0.70 fee)	Multiples of $100 ($0.70 fee)	Singlife
Death Benefit	105%	105%	105%	Draw

1. 1% p.a. guaranteed for first year + 0.8% p.a. bonus (for new sign-ups from 19th November 2020 onwards)

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