Dash EasyEarn promo code: DASH-2I2KM
Singtel Dash EasyEarn Referral
In order to use Dash EasyEarn, you first need to have Singtel Dash. The referral code is below!
Hi, we’re giving you up to $2 cashback for your first Singtel Dash transaction! Sign up with the referral code DASH-2I2KM or tap on this link https://appserver.dash.com.sg:443/mgm?DASH-2I2KM now. T&Cs apply.
Singtel Dash EasyEarn Review
We will give a short review of Singtel Dash EasyEarn. Technically, Dash Easy Savings Account is a insurance policy, but it works like a bank savings account. Basically the pros and cons of Singtel Dash EasyEarn are as follows.
- 2% per annum interest (much better than bank savings account or even fixed deposit).
- This 2% holds for deposits up to $20,000.
- Protected by SDIC.
- No lock-in period.
- Comes bundled with life insurance (Be automatically covered with a death benefit of 105% of your Account Value).
- Singtel is a big company (one of the biggest in Singapore), with good reputation and long history.
- There is a $0.70 fee for withdrawing to bank account (quite a low fee though).
- Minimum balance of $2000 in order to earn the max 2% interest (quite a low requirement).
- The 2% interest rate is only guaranteed for the first policy year.
- The insurance policy is actually administered by Etiqa, not Singtel. Etiqa is a big insurance company though, it is part of Maybank which is the biggest bank in Malaysia.
I tried the transfer of funds into Dash EasyEarn (it is by eNETS only). The speed is very fast, almost instantaneously I could see the funds in Dash EasyEarn after transferring. I have not tried withdrawal of funds yet, due to the $0.70 withdrawal fee.
Update September 2020: I tried withdrawing, the process was very smooth and instantaneous. Basically, the withdrawal is via PayNow to the bank account linked to your mobile number. Your bank account will receive the amount withdrawn within seconds, while the $0.7o withdrawal fee is deducted from your Dash EasyEarn balance.
Dash EasyEarn Lite
What is this Dash EasyEarn Lite?
Apparently, it is the “small” version of Dash EasyEarn when you deposit $2,000 or less. The interest rate is also correspondingly lower, at 1%. According to HardwareZone Forum, the Dash EasyEarn Lite option is applied automatically when your savings amount is less than $2,000.
Dash easy earn lite max premium is 2k.i think when you input the premium amount less than 2k its easy earn lite alrm Source: HardwareZone
Update: The above information is incorrect. An official Singtel representative has contacted us to tell us the correct information.
The Dash EasyEarn Lite option is not automatically applied when the savings amount is less than $2,000 as it is only open to eligible Dash users such as work permit holders.
Is Dash EasyEarn Safe?
A popular question asked is definitely whether Dash EasyEarn is safe? The answer is it is safe.
Firstly, it is protected up to specified limits by the Singapore Deposit Insurance Corporation (SDIC), under the Policy Owners’ Protection Scheme. As of the current date, it means that your money in Singtel Dash EasyEarn is insured up to S$100,000 per account. Or in other words, in the unlikely event that Dash EasyEarn (Etiqa) collapses, your money up to S$100,000 is safe. You can see that Etiqa is under SDIC list of Policy Owners’ Protection (PPF) Scheme Members on the SDIC official website.
Secondly, Dash EasyEarn is a capital-guaranteed savings insurance policy. That means, it is impossible to lose the principal amount you put in. For example, if one puts in a capital of $20k (the max amount allowed), one will get back at least $20k no matter what the circumstances.
Lastly, Etiqa (the insurance company behind Dash EasyEarn) is regulated by Monetary Authority of Singapore (MAS). Their MAS license can be found on the MAS official website.
Dash EasyEarn vs Singlife
We have written about the excellent insurance savings plan Singlife in our popular blog post.
Basically, Singlife offers a higher interest rate of 2.5%, however this only applies to your first $10k deposit. Even though Dash EasyEarn offers a lower interest rate of 2%, it applies to a higher amount of $20k.
A logical conclusion is to max out Singlife first (by putting $10k in Singlife). Then, put in your excess in Dash EasyEarn.
Singlife Referral Code Link: https://app.singlife.com/enWxrIzdt9
(The Singlife referral code/ promo code is the above URL link. Just click it on your mobile device to apply the referral code.)
Dash EasyEarn Forum
If you still have any doubts about Dash EasyEarn, a good way to dispel your doubts is to read forums on Dash EasyEarn. The best forum on Dash EasyEarn is the one in HardwareZone Money Mind. The experts there will teach you more on how to maximize your earnings using Dash EasyEarn.
If you are interested in earning 2% interest with Dash EasyEarn, sign up with the referral code DASH-2I2KM or tap on this link https://appserver.dash.com.sg:443/mgm?DASH-2I2KM now!
Disclaimer: The opinions on Dash EasyEarn Account expressed in this blog post is for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Dash EasyEarn Referral and Dash EasyEarn Review. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.