Simple Budget, Simple Life

One year ago, I spoke about Tiq 3-year endowment plan at 1.62%. This time, they are rolling out a   3.60% 3-year endowment plan   with a minimum saving of $5,000! Who is this useful for? If you've max out your SSB and have spare funds, you may want to consider this You are ok to spare your funds for 3 years. The min amount to put in is $5k You are happy with their Guaranteed Maturity Benefit of 3.60% Death benefit where they pay "101% of your single premium upon your demise" is a bonus. Choy, I hope nobody gets this Registration What I love about tiq is their fuss-free and simple sign-up. You can refer to my past posts where I blogged about my "investment" into them. I treat these as an alternative savings plan with additional protection benefits! https://simplebudgetsimplelife.blogspot.com/2019/03/elastiq-another-guaranteed-202-pa-for.html http://simplebudgetsimplelife.blogspot.com/2020/06/maturing-202-endowment-and-185-fixed.html All you need is to visit  this

It has been a good 3 years. Back in 2019, I signed up for Etiqa's ELASTIQ plan which offers guaranteed 2.02% for the first 3 years . I started with $5k initial deposit first, and top up another $10k after since the interest rate environment then was bad. Interest dropped Now that 3 years is up, Etiqa has sent me an email informing of the revised interest down to 1.2% Dear Valued Customer, We hope you are keeping well and safe. As COVID-19 continues to disrupt financial markets and economies, the prolonged uncertainty has made it challenging to maintain the existing crediting rate and loyalty bonus of your policy. We wish to inform you that the existing crediting rate and loyalty bonus for your ELASTIQ policy will be revised as follows: Policy Number Revised Crediting Rate* after 3rd year Revised Loyalty Bonus Effective date : xxxxx : 1.20% per annum : 0.00% of the average monthly account value for the past 36 policy months : xxxxx *applicable to initial premium and top-up(s) At th

It has been 10 months since I last talked about Tiq. Back then, they were advertising for a 1.68% 3-year endowment plan  which I got for my mum. This time, they are rolling out a 1.62% 3-year endowment plan with a minimum saving of $10k. If you have extra cash lying around and wants a low risk avenue to park your $ (instead of dumping to crypto or REITS with volatility), you can consider this plan to diversify your money. I believe for those who jump into the crypto rabbit hole, these 1+% interests looks darn pathetic. I feel you. But crypto ultimately holds some risks as there's no strong regulation backing; even stablecoins. So I'm considering placing $10k of my cash here. Also, this beats my DBS Multiplier interest of 1.60% and I had to jump through hoops ok.  Registration What I love about tiq is their fuss-free and simple sign-up. You can refer to my past posts where I blogged about my "investment" into them. I treat these as an alternative savings plan with add