How You Can Achieve Your Next Financial Goal Sooner

03 November 2022

Are you looking to save up for your dream wedding dress, your downpayment for your new home, or your Japan holiday fund?

It takes time and consistency to reach your financial goals, but what if we told you you could reach them sooner?

Here's how: Make your money work harder with our cash management portfolios, Simple and Simple Plus. They're:

  • ultra-low risk;
  • liquid

And, they help you get a return on your cash while buffering against inflation's effects.

A cash management portfolio ensures that you can access the money when you need it, without exposing it to significant market volatility. That makes it a suitable option for cash you might need in the short-term.

We offer three ultra-low risk cash management portfolios with no minimum investment that help you earn returns, based on how long you plan to invest your cash.

  • StashAway Simple™: An ultra-low-risk option to keep your cash for however long you want, be it a day, a month or a year.
  • StashAway Simple™ Plus: A slightly riskier option that’s suitable for cash you need for the next 12 months or more. It carries slightly higher risk than Simple, in exchange for higher returns. A longer time horizon will let your cash ride out any brief periods of volatility.
  • StashAway Simple™ Guaranteed: Earn a guaranteed rate with a 6 month lock-in. 

How can investing with StashAway help you achieve your goals?

Here are some examples of how investing with Simple or Simple Plus can help you achieve your next goal sooner.

Say you've decided to invest $1,000 SGD each month for two years before paying for your next big-ticket item, and you're confident you won't need this money until then.

Here’s how much you’d have after two years if you put that money into Simple or Simple Plus versus a bank savings account:

Bank savings accountSimpleSimple Plus
$25,130.29$25,526.59$26,067.98

Assumption for return (per annum): Bank Savings Account: 0.5%; StashAway Simple™ 2%; StashAway Simple™ Plus: 4%. These return figures are for illustrative purposes and do not reflect actual returns nor the effects of inflation. For current projected returns, check Simple and Simple Plus.

Investing for your goals

So, how much could you save for that trip to Japan in six months, wedding dress in one year, your home downpayment or world trip in three years? We’ve done the calculations below, so you don’t have to:

Japan trip in six months

Investing $500/month for six months

japan trip
Bank savings accountSimpleSimple Plus
$3,504$3,517$3,535

Wedding dress in one year

Investing $500/month for a year

wedding dress
Bank savings accountSimpleSimple Plus
$6,517.49$6,570.33$6,641.68

HDB downpayment in three years

Investing $1,000/month for three years

house
Bank savings accountSimpleSimple Plus
$37,286.22$38,162.72$39,374.32

World trip in three years

Investing $250/month for three years

world trip
Bank savings accountSimpleSimple Plus
$9,321.55$9,540.68$9,843.58

Assumption for return (per annum): Bank Savings Account: 0.5%; StashAway Simple™: 2%, StashAway Simple™ Plus: 4%. These return figures are for illustrative purposes and do not reflect actual returns nor the effects of inflation. For current projected returns, check Simple and Simple Plus.

Ready to work towards your next financial goal?


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