Simple Guaranteed is a cash management portfolio that places your funds into a fixed deposit. Simple Guaranteed gives you guaranteed returns on any amount. Here’s how it works, in a nutshell:
<ol>
<li>Create a Simple Guaranteed portfolio</li>
<li>Transfer funds into the portfolio</li>
<li>Lock in the prevailing rate when you like it</li>
<li>Collect your initial contribution and returns after 6 months</li>
</ol>

What is StashAway Simple™ Guaranteed?

No. Once you lock in your guaranteed rate, it’ll remain fixed throughout the 6-month lock-in period. But until then, the portfolio’s rate can change daily.

Can the guaranteed rate change?

Yes, there’s a 6 month lock-in period for Simple Guaranteed.

Is there a lock-in period?

After you transfer funds into Simple Guaranteed, you can then choose to lock in the rate. That’s the rate your funds will earn over the next 6 months, and you won’t be able to change it. Your funds will not earn any returns till you lock in the rate.

What does “locking the rate” mean?

We review the rate daily and update it if there's a change. Note that rate updates only when you haven’t locked in the prevailing rate yet.

 How often does the rate change? 

You can lock in your rate anytime from 11am Monday to 3pm on Friday with the exception of 3-4pm when we’ll be reserving this time for maintenance work.

Can I lock in the rate for my portfolio anytime?

No, you can transfer any amount starting from as low as $1. Whatever amount you choose, just make sure that you won’t need it for the next 6 months.

Is there a minimum or a maximum investment amount?

See the table below for estimated timelines depending on the different funding methods. Once the funds have arrived, you’ll be able to lock in your rate.
<img src="https://lh4.googleusercontent.com/LFmSeo1wqB_vmmJYs04VVn4S0Jq92X1agWx-kkBckETQPWMRvFR8L_0aNkR2_kulkpdK0p67qkbnkcpGiYARrs502TiSIjJ-ZZGLxl_HZf0hEMYNKhg2bLONoa_mB5qhvelsmi-JlFpGnFj0EIyJMAw">

How long does it take for my funds to reach my Simple Guaranteed portfolio?

You won’t be able to top up or withdraw from a locked Simple Guaranteed portfolio for 6 months. Therefore, whatever amount you invest will remain fixed during the lock-in period. Alternatively, you can always create an additional Simple Guaranteed portfolio and have multiple portfolios earning returns at the same time. At the end of the lock-in period, you’ll be able to top up or reduce your investment amount and create another Simple Guaranteed portfolio with a 6-month lock-in.

Can I top up or withdraw my money before the end of the lock-in period?

There’s no limit to the amount of portfolios you can have, so you can have as many as you like.

How many Simple Guaranteed portfolios can I have?

Yes, corporate clients can use Simple Guaranteed portfolio. Please contact us at <a href="mailto:support@stashaway.sg">support@stashaway.sg</a>.

Can a corporate open a Simple Guaranteed portfolio?

All three are cash management portfolios that help you to earn more on your cash with ultra-low risk. True to the Simple brand, there’s no minimum balance, no cap on the balance that can earn returns, and no other investment, insurance, or salary requirements for any of them. However, there are some key differences:
<img src="https://lh4.googleusercontent.com/lmAtBMvpCJhLPn22Ae18aZTJXFvXMiT58Ojn_dq3b8Uup70FBDapInUG9hX9vyMustw2FMyyLcI4tYZAw8-IJ49fhF5DmLk1bnw8WPzlUSSUlkadcWrEL_Gj7RA_xxL3-3DnvZO0uc2TpsLkqgBoWmc">
 
The advertised rates for all of our cash management portfolios are always inclusive of any underlying costs including the fees above. Check the latest rates on the <a class="c-link" href="https://stashaway.app.link/" target="_blank" rel="noopener noreferrer" data-stringify-link="https://stashaway.app.link" data-sk="tooltip_parent">mobile app</a> or <a class="c-link" href="https://www.stashaway.sg/simple-guaranteed" target="_blank" rel="noopener noreferrer" data-stringify-link="https://www.stashaway.sg/simple-guaranteed" data-sk="tooltip_parent">website</a>.
 
There are different criteria to consider when choosing a cash management portfolio. Instead of instinctively choosing the highest rate, ask yourself how much risk you’re willing to take and how long you’re ready to keep your funds invested.

How is Simple Guaranteed different from Simple and Simple Plus?

Returns are guaranteed because we invest funds in a fixed deposit with a partner bank. At the end of the 6-month lock-in period, you'll receive returns from the underlying fixed deposit at the guaranteed rate that you locked in at the beginning of the lock-in period.

How are the returns guaranteed?

You can either reinvest or withdraw your funds when your Simple Guaranteed portfolio matures. Rest assured we’ll notify you when the lock-in period comes to an end. Note that should you decide to leave your funds in Simple Guaranteed, they won’t earn any returns following the lock-in period unless you lock them in again with a new rate.

What happens to my funds after 6 months?

We take a small spread, which is the difference between the yield that we get from the bank and the one we deliver to you. This spread isn’t an additional fee to you, and you’ll still get the guaranteed rate. In other words, the rate you see is the rate you get. This spread helps us stabilise the rate, which fluctuates, and cover the costs of bringing the product to you.

How is it possible that Simple Guaranteed doesn’t have a fee?

There are a few key differences between a classic fixed deposit account at a bank and Simple Guaranteed.
<img src="https://lh5.googleusercontent.com/rGBHWG8w6_MI2V-gilTW8-3TfVIm1nJH3iGVSQgiZVh5MoArQLbsQ5n4KkzC-SDh5OvfLLQTYJvvd3MIJaqFzYzh5Puk9JD6W-Ay0snhjQqulf0kRfIQndn328K2lqJTCYtvbgvKOiYOr2D0mZfK_8c">
SDIC insures Singapore dollar denominated deposits placed with respective institutions in Singapore. Learn more about <a href="https://www.sdic.org.sg/public/di_scope_of_coverage">SDIC here</a>.

What’s the difference between Simple Guaranteed and a fixed deposit account?

You can keep your funds indefinitely in your Simple Guaranteed account even after the 6-month lock-in period. However, since it won’t be earning a rate, it may be a good idea to lock it again if you don’t need the cash for another 6 months or invest anywhere else.

How long can my funds stay unlocked in my account after the lock-in period?

See the table below for estimated timelines of withdrawals from Simple Guaranteed.
<img src="https://lh5.googleusercontent.com/2trSkDbnHbhL4jCK9AGFtD0zB7f3-SAfd3WW9TEEQBo7le2mw_OgGuKAG9hIqmjAsQ6PzTM7N7siCyVYsHWDkInvDnoKtmBHRsTw7qi75XADI62JXlskpqZfnc1Fy5YuKRWtW8sQGzSokYpz2An87NQ">
After the 6-month lock-in period ends, you’ll be able to reinvest your funds into any other StashAway portfolio, including a new Simple Guaranteed portfolio with a new rate. Alternatively, you could withdraw your funds.

How long will it take me to withdraw my funds from Simple Guaranteed?

The only risk associated with Simple Guaranteed is the unlikely event that our banking provider Citibank N.A., Singapore Branch was to go insolvent. However, Citibank is one of the top 3 largest banks globally. As a Global Systemically Important Bank (G-SIB), Citibank is subject to stringent regulations, higher supervisory expectations, and a requirement to maintain a higher level of capital, ensuring it can meet its obligations to depositors even in times of financial stress.

Are there any risks associated with Simple Guaranteed?

Can I invest my SRS funds into Simple Guaranteed?

No. We calculate the fees for your investment portfolios separately, so your Simple Guaranteed portfolio’s balance won’t count towards your total assets under management.

Is my balance in Simple Guaranteed included when calculating my overall management fees from all investment portfolios? 

Simple Guaranteed

New: Get guaranteed returns with Simple Guaranteed

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We’re licensed by the Securities and Futures Commission of Hong Kong (<a></a><a href="https://apps.sfc.hk/publicregWeb/corp/BQE542/details" target="_blank">CE No. BQE542</a>)

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StashAway Management (DIFC) Limited is regulated by the DFSA (license number&nbsp;<a href="https://www.dfsa.ae/public-register/firms/stashaway-management-difc-limited">F006312</a>).