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Is Your Money Working Hard Enough For You? How You Can Earn Up To 1.5%* p.a. Interest On Your Savings With Dash PET

Earn up to 1.5% p.a. with capital guaranteed and no lock-in period

This article was written in collaboration with Singtel Dash. All views expressed in this article are the independent opinion of based on our research. is not liable for any financial losses that may arise from any transactions and readers are encouraged to do their own due diligence. You can view our full editorial policy here.

In today’s low interest rate environment, earning interest with our savings isn’t as easy as it used to be. Most deposit options now would only earn a meagre amount of interest, not enough to even make a food delivery order. Higher yielding options often have many requirements and hoops to jump through, like crediting our salaries, meeting a minimum amount of credit card spend and needing to invest through the same entity.

However, besides just using savings accounts offered by banks, there are other products on the market that can earn you better interest on your cash savings.

Dash PET by Etiqa Insurance is a digital insurance savings plan that allows you to earn a high interest rate on your savings, as easily (if not easier) than a regular bank account. For those who are not familiar with this product, here are four features of Dash PET that make it a great place to earn better interest on your savings.

#1 Your Savings With Dash PET Are Capital Guaranteed

Most people default to using a bank savings account because of the assurance that their savings are guaranteed as these deposits are protected under the Singapore Deposit Insurance Corporation (SDIC)’s Deposit Insurance (DI) Scheme. However, banks are not the only entities that can guarantee your savings under SDIC.

With Dash PET, you can rest assured that your monies are protected under the Policy Owners’ Protection Scheme which is also administered by the SDIC. Your monies are also capital guaranteed, so regardless of the market performance, you would still receive 100% of your capital back.  This makes it perfect for those who cannot risk their capital but still want to earn high returns on their savings.

#2 You Can Enjoy High Interest Rate of Up to 1.5%* p.a. With Dash PET

Dash PET allows you to earn 1.3%* p.a. on the first $10,000 and 0.3%* p.a. for above the first $10,000. This is currently the highest amongst digital insurance savings plans available for subscription.

Additionally, if you sign up for free coverage on Death & Total and Permanent Disability (TPD)^, you would earn an extra 0.2%^ p.a. for your first $10,000 savings, bringing your returns up to 1.5%*^ p.a. for your first year.

This makes Dash PET one of the best places for savings amounts of up to $10,000. With savings of $10,000, you will earn $150 if you activate the free Death & TPD coverage. For savings of $20,000, you will earn $180 if you activate the free Death & TPD coverage. Do note that this interest calculation is based on a one-year period without any withdrawals.

#3 Dash PET Is Fuss Free With No Hoops To Jump Through

The best part about using a digital insurance savings plan like Dash PET is that you can set it up and forget about it (or withdraw and top-up as often as you want). There is no need to worry about having to credit your salary or to spend a minimum amount on specific cards in order to receive the bonus interest rates.

With Dash PET, everything is fuss free with no hoops to jump through. Activating your free coverage is simple to do at the start of your account setup and you will automatically receive the additional interest (calculated daily and credited on the first day of each month).

Additionally, you have the flexibility of topping up and withdrawing your funds anytime. There is no lock-in period or penalty for withdrawal, making this a good alternative for your savings.

You can top up as little as $1 to your Dash PET and start earning interest on your savings. This makes it perfect for students, freelancers, stay-home parents or anyone who wants a straightforward way to enjoy a better interest rate on their savings. There is also no need to maintain a minimum balance to avoid fall-below fees. However, do note that you need to have a minimum average daily account value balance of $50 to receive the interest and policy benefits.

As you can withdraw or top up as little as $1 to your Dash PET at any time, this pairs seamlessly with your Dash wallet. Just withdraw what you need to make your online or contactless payments and keep the rest in your Dash PET to make your every dollar grow.

#4 You Enjoy Free Insurance Coverage

As a digital insurance savings plan, Dash PET comes with the additional benefit of free insurance coverage, on top of the sweet 1.3%* p.a. interest rate. By signing up for Dash PET, you automatically enjoy life protection of 105% of the account value and financial assistance benefit for COVID-19, including vaccine side effects.

By activating your free insurance coverage, you would not only enjoy an extra 0.2%^ p.a. interest rate on your savings, but also additional insurance coverage. This complimentary coverage is up to $50,000^ and protects against Death & Total and Permanent Disability (TPD)^.

You can also choose to pay to add-on additional protection against Major Cancer, Death & TPD or Accidental Death for coverage of up to $100,000 per plan. Each additional protection plan will enable you to earn additional interest of up to 0.25%# p.a. on your first $10,000 savings. This protection can be obtained for as little as $0.02 a day (based on 17-year-old female non-smoker profile) and paid through your Dash PET policy on a daily basis.

Easy Way To Save For Your Emergency Savings

While there may be options that offer attractive interest rates, they are often at the expense of the guaranteed capital, having a lock-in period or high minimum amounts.

Dash PET is a solid alternative to save our emergency savings. We can be assured that our emergency savings is protected while earning high interest, and we can easily access and withdraw it at any time of need.

Dash PET is exclusively available on the Singtel Dash app, download the Dash app here.

What is Singtel Dash?

Singtel Dash is an all-in-one mobile e-wallet that lets you pay, remit, save and insure from one app. Whether in-store or online, locally or overseas, make secured and easy payments with Dash. Need to send money home? It’s fast, easy and safe to transfer money with Dash. On top of that, you will earn Dash reward points as you shop, dine, commute and remit all with the Dash app.

What can you do on Dash:
Make payments via scanning QR code or Visa (online, PayWave, MRT/bus)
Pay for Singtel mobile bill and get extra 1GB mobile data
Transfer funds to other Dash users
Remit money to friends and family in 7 countries
– Save and insure with Dash PET and Etiqa’s suite of insurances
Earn and redeem reward points for useful vouchers


In partnership with DollarsAndSense, new Dash users will enjoy up to S$20 cashback in total by using the signup referral code: DASHDS. Get $10 cashback when you sign up for Dash PET and maintain $5,000 account value by 30 November 2021. Snag additional $10 cashback when you make more eligible Dash transactions. Download Dash app now or find out more here.



  • This article is written in collaboration with Singtel Dash
  • The information is meant purely for informational purposes and should not be relied upon as financial advice.
  • *For the first policy year, 1.30% p.a. up to S$10,000 and 0.30% p.a. for subsequent amount in Account Value. Crediting rate is non-guaranteed.
  • ^Additional 0.2% p.a. to the existing 1.3% p.a. returns for your first S$10,000 Dash PET savings during the first policy year while the complimentary protection is active. Complimentary Accidental Death coverage will be offered for the same duration if you are not eligible for this add-on protection. Sum assured will be based on your age and occupation.
  • #Additional interests of up to 0.25% p.a. from each activated payable add-on protection applies to the first S$10,000 account value of your active Dash PET policy. Dash PET is not a bank account or a fixed deposit. It is an insurance savings plan that earns a crediting interest rate. This policy is underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K). This advertisement is for general information only. Terms apply. Full details of the policy terms and conditions can be found in the policy contract on Protected up to specified limits by SDIC. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites ( or As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you. This advertisement has not been reviewed by the Monetary Authority of Singapore. Information is accurate as of [3 November 2021].