Li Chun 2021: All You Need To Know About Savings

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Deposit money at ATM on Li Chun

Depositing money on Li Chun, also known as Farmers’ Day, is believed to grow one’s wealth and ensure good luck. Are you holding on to cash and waiting to deposit it during the Chinese New Year period? Following the unprecedented Year of the Rat (what with COVID-19 and all), the upcoming Ox year holds great promises for those looking to ‘HUAT (prosper)! Read on and we shall share on the best dates, timing and ways to boost your savings on Li Chun 2021!

What is Li Chun or Farmers’ Day?

Li Chun, which marks the beginning of spring and a year of transition, was traditionally an important day for farmers in China where they would pray for a good harvest. In Singapore, this tradition has evolved (with our shrinking agriculture sector) into depositing money into one’s bank account to symbolise bountiful wealth for the new lunar year.

Noticed those long queues at the ATMs islandwide around Chinese New Year period? That day is most likely Li Chun. The practice of depositing money for good wealth during Li Chun is so popular in Singapore that banks have special measures to cope with the expected crowd! Are you ready to jump on the bandwagon?

#1 Plan ahead for Li Chun 2021

In 2021, Li Chun falls on 3rd February and you can deposit money into your bank account based on the auspicious timeslot(s) that correspond(s) with your zodiac sign. Check out the following guide (courtesy of Way Fengshui) on the best time for you to deposit your cash.

Li Chun auspicious timing to deposit money

As we all strive on to make more out of our money amid the recovering economy, let’s be mindful to budget wisely and save smart this coming year!

#2 Save time = Save money

While we all would like to HUAT, bear in mind that time equates money. Amid COVID-19 safe distancing measures, it would be wise to consider Internet Banking. Even our Monetary Authority of Singapore (MAS) encouraged Singaporeans to opt for e-hongbao* this Chinese New Year!

Otherwise, try to avoid “popular” timeslots such 7pm to 9pm or go the extra mile literally to use an ATM that’s less frequented so that you don’t waste time queuing.

*Hongbao is a monetary gift, commonly inserted in red envelopes or red packets, and given during the Chinese New Year as a form of good luck.

#3 Get greater value out of your savings 

There are various options to get greater value out of your money, and GIGANTIQ all-in-one insurance savings plan with optional protection riders is one of them. Available on the Tiq by Etiqa mobile app, GIGANTIQ currently offers a limited tranche of 1.8%¹ p.a. returns for first S$10,000. Plus, you can get additional interest with each protection rider added².

The best part? You can start saving from just S$50. It’s capital guaranteed and there’s no lock-in period. You can top up or withdraw your money anytime3 – so flexible! 

If you already have GIGANTIQ , you can top up your account value during Li Chun at the auspicious timing suited to your zodiac sign easily on the Tiq by Etiqa mobile app. It’s so convenient; no need to queue or worry about flouting safe distancing measures.

There’s more to what GIGANTIQ can offer – as the Genie often says, “Your wish is our command”, so head on over to GIGANTIQ product page to learn more or download the app and start exploring!

“HUAT” are you waiting for?

GIGANTIQ insurance savings plan

There’s a Chinese saying that goes, “the entire year’s work depends on a good start in spring”. We wish you a good head start in this New Year, and it’s time to think about how to make the most of your hard-earned money if you have yet to do so. Good luck! ?


Information is accurate as at 12 January 2021. This policy is underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K). Protected up to specified limits by SDIC.

1Guaranteed 1% p.a. + 0.8% p.a. bonus for first policy year, available on a first come, first served basis.

2 Selected Life or General insurance products offered as supplementary coverage under GIGANTIQ from time to time. Additional interest earned from each rider is only applicable to the first S$10,000 while rider is active.

3 Terms apply.

GIGANTIQ is not a bank account or a fixed deposit. It is an insurance savings plan that earns a crediting interest rate. This product’s availability is based on a first-come, first-served basis and Etiqa Insurance reserves the right to close the tranche at any time without prior notice.

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.

Tiq by Etiqa Insurance Pte. Ltd.

A digital insurance channel that embraces changes to provide simple and convenient protection, Tiq’s mission is to make insurance transparent and accessible, inspiring you today to be prepared for life’s surprises and inevitabilities, while empowering you to “Live Unlimited” and take control of your tomorrow.

With a shared vision to change the paradigm of insurance and reshape customer experience, Etiqa created the strong foundation for Tiq. Because life never stops changing, Etiqa never stops progressing. A licensed life and general insurance company registered in the Republic of Singapore and regulated by the Monetary Authority of Singapore, Etiqa is governed by the Insurance Act and has been providing insurance solutions since 1961. It is 69% owned by Maybank, Southeast Asia’s fourth largest banking group, with more than 22 million customers in 20 countries; and 31% owned by Ageas, an international insurance group with 33 million customers across 16 countries.

Discover the full range of Tiq online insurance plans here.



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