StashAway Simple™ is our Singapore Dollar cash management portfolio that is available to both retail and accredited investors with a projected portfolio rate of 3.5% p.a. which is inclusive of all fees.
 
StashAway doesn’t charge any management fees for this portfolio as of now, however, StashAway will start charging 0.15% p.a. from July 1, 2023. There’s also an expense ratio the fund manager charges and that fee is embedded in the projected rate. The fund manager rebates 50% of the fee to StashAway, and we rebate 100% of it to our customers after every quarter. The balance in a Simple portfolio does not get included in the AUM calculation for our management fee for our other investment products.
 
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Note that the pricing information in the video has changed, find the latest pricing information on this page below. <a class="c-link" href="https://www.stashaway.sg/help-center/900000740363-what-is-stashaway-simple" target="_blank" rel="noopener noreferrer" data-stringify-link="https://www.stashaway.sg/help-center/900000740363-what-is-stashaway-simple" data-sk="tooltip_parent">StashAway Simple Pricing</a>

What is StashAway Simple™?

StashAway Simple™ is an ultra-low risk cash management portfolio that invests in a money market fund and an enhanced liquidity fund.

Is StashAway Simple risky?

There is no minimum lock-up period. You can withdraw from StashAway Simple™ at any time.

How is StashAway Simple different from a fixed deposit account?

The cash management space in Singapore is dark and messy with restrictions and fine print that make growing cash tedious at best. Ironically, in Asia, where saving is so deeply ingrained in many of its cultures, institutions have structured cash management options to benefit the institutions inherently more than their own customers. 
 
For example, a common misconception is that a savings account’s entire balance will earn upwards of 3.5%. But, that’s almost never actually what the fine print says.  Average savings accounts have confusing tiered interest rates that require customers to satisfy multiple criteria, including salary credits, credit cards, and minimum monthly expenditures. And, fixed deposit accounts have rates that range from 1.9% to 3.5% p.a., but lock up deposits for up to 24 months.

How is StashAway Simple™ different from other cash management solutions in the market?

We give you access to the enhanced liquidity fund (ELF) at a low cost. With the ELF, we are using an institutional share class that has a lower total expense ratio (annual fee charged by the ELF's fund manager) than the retail share class available on FSM or anywhere else.

Why shouldn't I invest in StashAway Simple funds myself instead of having StashAway invest on my behalf?

Currently, Simple is completely free! However, starting from 1 July 2023, StashAway will charge a 0.15% p.a. management fee, which will allow us to continue delivering innovative investment solutions.
 
Do note that we’ll continue to give back 100% of the rebates that we receive from the fund manager, which is calculated as part of your projected net return with StashAway Simple™. The advertised rate is always inclusive of fees.

Does StashAway make money from StashAway Simple™ and its funds?

The management fee for StashAway Simple™ has been waived until 1 July 2023. From July onwards StashAway will start charging 0.15% p.a.
 
In addition to the StashAway management fee, there is an expense ratio that the fund manager charges. Do note that in the case that there are any rebates from the fund manager, we will return those rebates back to you after each quarter. Learn more about the pricing for StashAway Simple™ <a href="https://www.stashaway.sg/pricing" target="_self">here</a>.

How much does StashAway Simple™ cost?

Your StashAway Simple™ portfolio’s balance does not get included in your AUM when we calculate your fees for your Investment Portfolios.

Does my money in StashAway Simple get counted in my investment portfolio fees?

Yes. You do not necessarily need to invest in other StashAway portfolios to invest in StashAway Simple™.

Can I only invest in StashAway Simple?

Nope! You can have just a StashAway Simple™ portfolio, if that's what works best for your financial plan.

Do I need to invest with StashAway to have StashAway Simple?

Yes. Depending on economic conditions, StashAway Simple™’s projected rate may change, as its underlying funds are affected by global economic health and trajectory. Though, when applicable, our system will re-optimise your StashAway Simple™ portfolio to maintain the highest possible projected rate within a given economic environment. We’ll review the projected rate weekly, and notify you in case there’s a change. The risk level to which your money is exposed will remain the same within StashAway Simple™.

Could the Simple projected rate ever change?

Yes, there may be economic conditions that trigger a re-optimisation of your Simple portfolio. A re-optimisation of your Simple portfolio does not guarantee that the rate will remain exact, but will result in continuing to seek the highest rate the portfolio can secure in the given economic conditions and within the constraints of keeping your risk level ultra-low. We will always notify you in the case of a change in the projected rate.

Can StashAway Simple be re-optimised?

You can have up to 2 StashAway Simple™ portfolios - 1 funded with your SRS bank account and 1 with your personal bank account.

Can I have multiple StashAway Simple portfolios?

StashAway Simple™'s projected returns are driven by the rate of returns of its underlying investments, net of all expenses and rebates from the fund managers.
 
StashAway Simple™ allocates 30% of its assets to the LionGlobal SGD Money Market Fund SGD Class A ("MMF") and 70% to LionGlobal SGD Enhanced Liquidity Fund SGD Class I Acc ("ELF").
 
The math on the projected rate of returns is quite straightforward: StashAway Simple™ returns are the sum of the amortised yield from the underlying funds, minus fees charged by the fund managers, plus any rebates from the fund managers.
 
We'll review the projected rate weekly, and if there is a change in the return of more than 0.1% from the projected rate, we will notify our customers. 
Even though we receive weekly updates of the respective funds' yields, we will only update the numbers here should the stated projected rate change. In the case that one (or both) of the fund's projected returns changes, we may decide to rebate you an additional amount in order to deliver the stated projected rate (in 3 decimals) at the time.

How is StashAway Simple™ Projected Rate Calculated?

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://stashaway.zendesk.com/hc/article_attachments/17831667529241" alt="202302-Simple-Guaranteed-FAQs--Questions-12-Table.jpg">
 
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 StashAway Simple™ different from Simple Plus and Simple Guaranteed?

Simply add us to your payee list in your online bank, with your unique reference code (found in your StashAway account, under Transfer &gt; Transfer Information) entered as My Initials/ Your Initials/Description as part of the payee setup.
 
Subsequently, set up a one-time and/or recurring deposit, following the deposit plans you have set in your portfolio(s).
 
To view the instructions for a One-time or Monthly Deposit, kindly refer to the following:
Web Application: Select  "Manage Deposits" &gt; Select either "Personal Account" or "SRS Account"  &gt; Select either to edit your one-time or monthly deposit plan &gt; proceed to update the amounts you wish to allocate &gt; click "Continue" &gt; “Confirm” and "Done" to confirm the allocation.
 
Mobile Application: Select "Transfer" on top right &gt; Select "Put money in"&gt; Select either "Personal Account" or "SRS Account" &gt; Select either to edit your one-time or monthly deposit plan &gt; click "Modify" and "Edit deposit amount" &gt; click "Continue" and “Done” to confirm the allocation.
 
Kindly note that currently only investment in SGD is accepted for this product.

How do I deposit funds into my StashAway Simple portfolio?

For deposits from your personal bank account, it takes between 1 to 2 business days. For SRS deposits, it takes between 3-5 business days.
 
For withdrawals to your personal bank account, it takes between 2 to 3 business days. For SRS withdrawals, it takes between 3 to 4 business days.

How long does the StashAway Simple deposit and withdrawal process take?

Yes, corporate clients can use StashAway Simple™ for a fee of 0.2%. This fee covers the costs of due diligence that is required at the time of account opening, during every deposit, and for the yearly due diligence reports.
 We’ll waive this fee for corporate clients who deposit at least 80% of what they place in StashAway Simple™ into one of our General Investing Portfolios. For example, to qualify for the fee waiver, you’ll need to invest $80,000 into a General Investing Portfolio for every $100,000 SGD you place in StashAway Simple™. For deposits above $500,000 SGD, get in touch with us for customised pricing at <a class="c-link" href="mailto:support@stashaway.sg" target="_blank" rel="noopener noreferrer" data-stringify-link="mailto:support@stashaway.sg" data-sk="tooltip_parent">support@stashaway.sg</a>.

Can I open a Simple portfolio with a Corporate account?

Simple’s actual annualized returns take into account the performance of the underlying funds, the fees charged by the fund managers, and any rebates from StashAway or the fund managers that are paid out at the end of each quarter. Here are Simple's quarterly annualized returns for the last four quarters, with returns reinvested.
<img src="https://stashaway.zendesk.com/hc/article_attachments/18176555179161">
Past performance is not a guarantee for future returns. Last updated on 4 May 2023.

What are StashAway Simple’s past returns?

While we do our best to ensure the closest possible match between the projected rate and actual returns, there may be variations between the two. The projected rate of a money market fund is an estimation based on the current investments, interest rates, and expenses of the fund. It is usually expressed as a 7-day annualised yield, which represents the income generated by the underlying funds over a 7-day period, annualised for a full year.
 
Here’s a few factors that can cause the actual returns to differ from the projected rate:
<ol>
<li>
Interest rate fluctuations. The yields on short-term securities, in which Simple’s funds are invested in, are sensitive to interest rate movements. If interest rates rise, the yield on the funds' investments will also eventually increase, positively affecting the actual return.</li>
<li>
Changes in the funds' investments. The fund manager may buy or sell securities in response to market conditions or investment strategy changes, which can impact the actual return. To provide the best possible projection of future returns, we regularly update the projected rate and maintain ongoing communication with our partner fund managers.</li>
</ol>

Will the returns of Simple always match the projected rate?

Simple Guaranteed

New: Get guaranteed returns with Simple Guaranteed

We’re licensed by the Monetary Authority of Singapore (License no.&nbsp;<a href="https://eservices.mas.gov.sg/fid/institution/detail/201134-ASIA-WEALTH-PLATFORM-PTE-LTD">CMS100604</a>).

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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>)

We’re licensed by the Securities Commission Malaysia (Licence <a href="https://easy.seccom.com.my:8222/entityprofile/1ca93ae1-4c0e-4c55-90e0-1850600e54f6">eCMSL/A0352/2018</a>).

We’re licensed by the Securities and Exchange Commission (License no.&nbsp;<a></a><a href="https://market.sec.or.th/public/idisc/en/companyprofile/Intermediaries/0000031407" target="_blank">Lor Khor-0136-01</a>).

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>).