($2 Cash Back) Singtel Dash Referral Code : DASH-52GVZ

You can get $2 when you make your 1st Dash transaction (either $10 top up or make a dash payment). Sign up using my referral code “DASH-52GVZ” or click on my referral link. Promo T&Cs apply.

Singtel Dash is Singaporeโ€™s first all-in-one mobile payments solution. Enjoy the convenience of paying with your mobile phone for your daily commute, to shop and send money both locally and overseas. You can also top up your Singtel Dash app from any bank account in addition to your Singtel bill. Itโ€™s truly mobile payments designed for life in Singapore. – Singtel Dash

I currently use Dash to pay my Singtel bills as well as use its virtual credit card function to do things like renewing my season parking.

Singtel Dash EasyEarn Review

Aside from spending, I am also using Dash to save my money. With the current COVID-19 situation, banks have been cutting interest rates. But Dash EasyEarn is providing 2% p.a for your saving. Technically, Dash Easy Savings Account is a insurance policy, but it works like a bank savings account. So what are the pros and cons?

Pros:Cons:
2% per annum interest (much better than bank savings account or even fixed deposit)

This 2% holds for deposits up to $20,000

Capital-guaranteed

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)
There is a $0.70 fee for withdrawing to bank account (quite a low fee in my personal opinion)

Minimum balance of $2000 in order to earn the max 2% interest (quite a low requirement again in my personal option)

The 2% interest rate is only guaranteed for the first policy year.

Tight integration with eNETS for topup

I had to use eNETS for the transfer of funds into Dash EasyEarn, and it is via eNETS only. The funds are almost in within split seconds and I could see the funds in Dash EasyEarn straight away.

A popular question that i always get on my messenger chat from users is… Is Dash EasyEarn Safe to place my money?

Of course it is safe. Why so?

Reason #1: 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.

Reason #2 : Dash EasyEarn is a capital-guaranteed savings insurance policy. In other words, it is not possible to lose the principal amount you put in.

Reason #3: It is protected up to specified limits by the Singapore Deposit Insurance Corporation (SDIC).

Your money in Singtel Dash EasyEarn is insured up to S$100,000 per account. Touch wood, 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 Ownersโ€™ Protection (PPF) Scheme Members on the SDIC official website.