Etiqa’s ELASTIQ and SAVE3?

[luvpraline]

I saw the "Current Crediting Rate" as 1.8% for a few days last week as well, both in Tiqconnect web portal and Tiq app.

Now it reverted back to 1.2%

Same... n i received a call yesterday from maybank trying to get me to switch from elastiq to their enrich endowment plan. But I need a flexible account with high liquidity for now so will still keep some of the initial premium for now.

So far isavvy matches the 1.8% but only for Sep.. but my guess is esaver will try to outdo this soon.

 

[FlyGuardX]

Same... n i received a call yesterday from maybank trying to get me to switch from elastiq to their enrich endowment plan. But I need a flexible account with high liquidity for now so will still keep some of the initial premium for now.

So far isavvy matches the 1.8% but only for Sep.. but my guess is esaver will try to outdo this soon.

rhb can win this hands down

 

[luvpraline]

rhb can win this hands down

Yes the 3% p.a. bonus interest looks very attractive but it is only for the first month.. since it is only for your monthly incremental average daily balance right?

 

[FlyGuardX]

i got this sms on loyalty reward up to 1.8% on top of existing rate

 

[TsukiSG]

i got this sms on loyalty reward up to 1.8% on top of existing rate

I also got but cannot find any information on their website.

Update: https://www.etiqa.com.sg/guaranteedloyaltyreward

 

[maumu]

hmm.. I have elastiq (should get 1.30% loyalty reward?) but they didn't send me sms (yet)

so need to keep until 30 Sep 2023 yah...?

 

[FlyGuardX]

meaning 1.3+1.8% till 30 sep 2023?

 

[Sambuca78]

hmm.. I have elastiq (should get 1.30% loyalty reward?) but they didn't send me sms (yet)

so need to keep until 30 Sep 2023 yah...?

I also got the SMS.

I have 50K in ELASTIQ earning 1.8%, so from now till 30th September 2023 i will get 3.1% (1.8%+1.3%) ?

Eligible products	Guaranteed Loyalty Reward as a % of policy account value on 30th September 2022
ELASTIQ	1.30%
eSAVE advance	1.30%
Enrich advance	1.00%
GIGANTIQ	1.80%

But.... the 1.8% in ELASTIQ only valid till 01 Jun 2023

 

[maumu]

I think it's a ploy to entice us to keep the funds with them. Purposely drag a few more months..

Was intending to withdraw a month back, decided to keep with them till it reaches 3 years next June. now deliberating if gonna keep all the way till Sep next year lol

 

[Sambuca78]

I think it's a ploy to entice us to keep the funds with them. Purposely drag a few more months..

Was intending to withdraw a month back, decided to keep with them till it reaches 3 years next June. now deliberating if gonna keep all the way till Sep next year lol

Same, I think so too.

I have withdrew the top-up amount already, was planning to withdraw the remaining and buy Tbills.

addition 1.3 % pay ONLY on 1 Oct 2023 doesn't seem attractive at all.

 

[maumu]

Same, I think so too.

I have withdrew the top-up amount already, was planning to withdraw the remaining and buy Tbills.

addition 1.3 % pay ONLY on 1 Oct 2023 doesn't seem attractive at all.

you know by withdrawing the top-up amount, won't get the loyalty bonus after 3 years right? although it's only a miserly 0.5%..

I'm thinking if t-bills continue to go up above 3.5% I'm going to withdraw the whole elastiq with them ($80k)...

I still got eSave V with them also but that one's giving 2.68% so I'm still okay for now.

 

[Sambuca78]

you know by withdrawing the top-up amount, won't get the loyalty bonus after 3 years right? although it's only a miserly 0.5%..

I'm thinking if t-bills continue to go up above 3.5% I'm going to withdraw the whole elastiq with them ($80k)...

I still got eSave V with them also but that one's giving 2.68% so I'm still okay for now.

Yes, i know abt the miserly 0.5%

The topped up amount only 1.2%, that's why i withdrew and only keep the 50k (1.8%)

 

[maumu]

can I confirm that withdrawal has no fees involved? do you guys use PayNow or Direct Credit (to bank account)? any difference in terms of time taken to receive the funds?

 

[FlyGuardX]

i dont recall got fees when i withdraw. the money is transferred instantly via paynow for me

 

[luvpraline]

can I confirm that withdrawal has no fees involved? do you guys use PayNow or Direct Credit (to bank account)? any difference in terms of time taken to receive the funds?

Paynow for me. No fee and instantaneous

 

[demoforce1]

How to close Elastiq?

 

[BBQ99]

How to close Elastiq?

Use their watapp to indicate u wan to close the account. They will ask u to confirm with the account #. Then they will sent u a email. Follow the email instructions and reply them. They will process and pay u back via paynow of posb/DBs debit. Depending on what u Indicated in the replied email.

 

[BBQ99]

To add if u do not want to close. U will need to keep a min of 5k or they will start charging u a fee. Not sure how much

 

[maumu]

Use their watapp to indicate u wan to close the account. They will ask u to confirm with the account #. Then they will sent u a email. Follow the email instructions and reply them. They will process and pay u back via paynow of posb/DBs debit. Depending on what u Indicated in the replied email.

How many days does it take between submitting the surrender request and collecting the money?

 

[Ahboy069]

Ya was charged $5 ouch