HWZ Forums

Login Register FAQ Mark Forums Read

Dash EasyEarn

Like Tree30Likes
Reply
 
LinkBack Thread Tools
Old 29-06-2020, 05:48 PM   #1
Senior Member
 
Join Date: Jun 2000
Posts: 1,262
Dash EasyEarn

https://www.businesstimes.com.sg/ban...an-on-dash-app

Saw the new 'Grow Money' icon in my Dash app. Underwritten by Etiqa.

From BT's article:
minimum of S$2,000 and a maximum of S$20,000 in initial premium.

Policyholders get a guaranteed return of 1.5 per cent per annum for the first policy year, with an additional return of 0.5 per cent per annum if they sign up within an unspecified limited period

The savings insurance plan does not have any lock-in period; unlimited withdrawals are allowed, with no penalties imposed. But a charge of S$0.70 is applicable each time a withdrawal is made to a bank account. Withdrawals to Singtel's Dash are free of charge.
From the policy document:
Top-up in multiples of $500.
Withdrawal in multiples of $100.
Interest is calculated based on the daily Account value and credited into the Account value at the end of each Policy month. If the average daily Account value for the Policy month falls below S$2,000, no interest will be credited for the Policy month.
https://dash.com.sg/faqs/Other+In+App+Services

For discussion.
wc1985 likes this.

Last edited by zoneguard; 29-06-2020 at 06:10 PM..
zoneguard is offline   Reply With Quote
Old 29-06-2020, 06:29 PM   #2
Senior Member
 
Join Date: Sep 2004
Posts: 1,094
https://www.businesstimes.com.sg/ban...an-on-dash-app

Saw the new 'Grow Money' icon in my Dash app. Underwritten by Etiqa.

From BT's article:


From the policy document:


https://dash.com.sg/faqs/Other+In+App+Services

For discussion.
FAQ dont cover whether can close account/policy 1 yr later since 2% is only 1st yr.

Also ambiguous maximum withdrawal per transaction as there's a $0.70 charge per withdrawal.
cnotsniw is offline   Reply With Quote
Old 29-06-2020, 06:33 PM   #3
Senior Member
 
zenify.me's Avatar
 
Join Date: Jul 2013
Posts: 2,144
Seems like a good alternative for those who have used up their singlife 10k quota.
zenify.me is offline   Reply With Quote
Old 29-06-2020, 09:15 PM   #4
Supremacy Member
 
sacredrays's Avatar
 
Join Date: Feb 2009
Posts: 7,356
yea.. their faq never write how much the surrender fee if close after 1 year..
sacredrays is offline   Reply With Quote
Old 29-06-2020, 09:20 PM   #5
Senior Member
 
Join Date: Dec 2018
Posts: 1,454
Elastiq is better than this
JialatThisOne is offline   Reply With Quote
Old 29-06-2020, 10:22 PM   #6
Junior Member
 
Join Date: Nov 2014
Posts: 57
yea.. their faq never write how much the surrender fee if close after 1 year..
No lock-in period, unlimited withdrawls with no penalty, then should be no surrender fee.
SamSze is offline   Reply With Quote
Old 29-06-2020, 10:49 PM   #7
Junior Member
 
Join Date: Nov 2014
Posts: 57
Please note that Etiqa Insurance reserves the right to delay the payment of the partial withdrawal amount for up to a period of 6 months from the date of your withdrawal application.

this t&c is very discouraging.
SamSze is offline   Reply With Quote
Old 30-06-2020, 12:32 AM   #8
Senior Member
 
silverbomb's Avatar
 
Join Date: Jul 2008
Posts: 1,909
The 70c withdrawal is a turn off. Discourages withdrawal and not as liquid as singlife being their direct competitor.

Posted from PCWX using SM-G965F
Shutterfly likes this.
silverbomb is offline   Reply With Quote
Old 30-06-2020, 01:06 AM   #9
Master Member
 
dexboi's Avatar
 
Join Date: Oct 2007
Posts: 3,004
Depends on how you see them i suppose?

A) Recurring single premium insurance endowment plan disguise as deposit savings.

or if you want to put it in a nicer way;

B) Traditional banking deposits reinvented/disrupted with much more benefits and higher interests!
dexboi is offline   Reply With Quote
Old 30-06-2020, 10:22 PM   #10
Senior Member
 
Join Date: Jul 2012
Posts: 2,073
How come my Dash app (updated) got no such icon 'Grow Money'?

BTW, I am not a Singtel customer, only using Dash.
zumaba is offline   Reply With Quote
Old 30-06-2020, 10:30 PM   #11
Master Member
 
peppermint7's Avatar
 
Join Date: Feb 2018
Posts: 4,151
How come my Dash app (updated) got no such icon 'Grow Money'?

BTW, I am not a Singtel customer, only using Dash.
My family acc not singtel user but have the grow $

Have u updated your app yet?
zumaba likes this.
peppermint7 is offline   Reply With Quote
Old 01-07-2020, 07:06 AM   #12
Banned
 
Join Date: Feb 2010
Posts: 3,881
The 70c withdrawal is a turn off. Discourages withdrawal and not as liquid as singlife being their direct competitor.

Posted from PCWX using SM-G965F
its only a turn off if you treat this as a savings account and keep wanna withdraw. this type of plans are generally for people to just put 20k and leave it. for those with excess funds and got no where else to put since its only 20k max.

dont think people will keep wanna withdraw money unless thats their only source of money haha..
jnashville is offline   Reply With Quote
Old 01-07-2020, 08:38 AM   #13
Member
 
Join Date: Nov 2009
Posts: 224
Please note that Etiqa Insurance reserves the right to delay the payment of the partial withdrawal amount for up to a period of 6 months from the date of your withdrawal application.

this t&c is very discouraging.
Any views on this? This is stopping me from applying now...
duststorm is offline   Reply With Quote
Old 01-07-2020, 08:45 AM   #14
Banned
 
Join Date: Feb 2010
Posts: 3,881
Any views on this? This is stopping me from applying now...
my view is that i most probably wont do any partial withdrawal as this are for excess cash.

the only thing i will do is to terminate the account after a year if interest rates are better elsewhere.
jnashville is offline   Reply With Quote
Old 01-07-2020, 09:23 AM   #15
Supremacy Member
 
Join Date: Oct 2006
Posts: 5,451
I take it as FD, one time withdraw after 1 year with $400 interest minus 70 cents for 20k principal.
WWH123 is online now   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On