Introducing StashAway Simple™ Guaranteed

24 April 2023

With interest rates at decade highs and volatile markets, some of us just need the added comfort of a guaranteed return. That’s now possible with StashAway Simple™ Guaranteed

The best part? The rate you see is the rate you get – no hidden asterisks, no extra conditions.

We review Simple Guaranteed’s rates daily and update them when needed to give you the best returns possible. All you need to do is check the rate in the app, and lock it in when you’re ready. You’re now set to earn a guaranteed rate on your cash for the duration of your choice of tenor from options that vary from 1 to 12 months. It’s a reliable option for those who want a steady return on their investment. And who doesn’t want guaranteed returns. 

📱 Only available on the StashAway app

How Simple Guaranteed works

  1. Create a Simple Guaranteed™ portfolio in the StashAway App. (Download in the App Store or Google Play).
  2. Transfer your funds into the portfolio. Whatever amount you choose, make sure you won’t need it for the duration of your choice of tenor as you won’t be able to withdraw it.
  3. Check the prevailing rate and lock it in when you’re ready. It’s important to lock in your rate, otherwise your funds will not be earning any interest! 
  4. Sit back and wait as your funds earn returns over the lock-in period. 
  5. At the end of your tenor, collect your initial contribution and guaranteed returns! 
  6. You can then decide to either create another Simple Guaranteed™ portfolio, reinvest your funds into another investment, or withdraw.

Simple Guaranteed might suit you if you are…

  • Looking for a secure way to grow your cash at a guaranteed rate. It’s currently our lowest-risk cash management solution as your principal and interest amounts are guaranteed.
  • Looking for certainty of exactly how much you’ll earn on your cash at the end of the lock-in period, no matter what’s happening in the markets.
  • Saving for a specific short-term goal, such as a holiday, renovation, car, or deposit for a house.
  • Diversifying your overall investments.

With Simple Guaranteed, you know what to expect, so you can plan ahead.

Simple Guaranteed vs Fixed Deposits

There are a few key differences between a classic fixed deposit account at a bank and Simple Guaranteed.

Fixed depositSimple Guaranteed
DescriptionAn account opened at a bank that pays a guaranteed interest rate after a stipulated time period.A cash management portfolio that invests into a fixed deposit with a bank. 
Lock-in periodVaries from three to 24 months on average.Varies from 1 to 12 months
Minimum investment amountVaries from $20,000 to $250,000 on average.None. Invest from $1.
Interest rate earnedVaries between 1.9% to 3.5% p.a., and occasionally offers higher promotional rates. There’s a weekly changing rate that applies to new portfolios, which you can always check on the StashAway app or website. 
RequirementsRates may be subject to specific conditions like minimum or maximum investment amounts, and may only be available for a limited time or valid only for new account openings or deposits.No conditions, no minimums or maximums, no complicated hoops to jump through. Just simple investing. 

More ways to grow your cash with StashAway 

We have three ultra-low-risk cash management portfolios, each one designed to meet your specific needs. Regardless of which you choose, there’s no minimum balance, no cap on the balance that can earn returns, and no complicated terms or lengthy paperwork.

Here are the key differences between Simple™, Simple Plus™, and Simple Guaranteed™:

SimpleSimple PlusSimple Guaranteed
Rate (check our website for latest rates)Projected (net of fees)Yield to maturity (net of fees)Fixed rate once it’s locked in 
Minimum investment amountNoneNoneNone
Lock-in periodNoneNone, but we do not recommend less than 12 monthsvaries from 1 to 12 months
Risk levelUltra-low riskUltra-low risk, but slightly higher than SimplePrincipal and interest amounts are guaranteed subject to underlying bank risk 
Underlying assets30% LionGlobal SGD Money Market Fund70% LionGlobal SGD Enhanced Liquidity Fund20% LionGlobal SGD Enhanced Liquidity Fund35% Nikko AM Shenton Short Term Bond Fund45% LionGlobal Short Duration Bond FundFixed deposit with partner bank
Fee0.15% p.a.0.2% p.a. None

Which Simple portfolio is right for me?

Before deciding which one is right for you, ask yourself:

  • How much risk are you willing to take on your cash? If the smallest bit of volatility causes you to lose sleep at night, you might want to consider our lowest-risk options, Simple or Simple Guaranteed. StashAway Simple has never had a day of negative returns since inception in November 2019. 
  • How long can you afford to lock in your funds? If you need to withdraw your cash at a moment’s notice, such as for an emergency, Simple could be a suitable option for you. But if you don’t mind keeping your cash invested for 6 months, Simple Guaranteed™ will allow your cash to work harder with a guaranteed rate of return.
  • How much volatility are you willing to accept? If you’re looking for a higher risk-reward portfolio to grow your cash and you’re prepared to accept potential, brief periods of slightly negative returns in the short term, Simple Plus might be a great option for you.

📱 Only available on the StashAway app

Learn more about Simple Guaranteed

What’s the lock-in period for Simple Guaranteed?

You have the flexibility to select your choice of tenor from options of 1, 3, 6, or 12 months. During this period, your funds will be locked in, meaning you won’t be able to withdraw or add more funds into your portfolio during this time, though you can always create another Simple Guaranteed portfolio. There’s no limit to how many you create!

What are the fees for Simple Guaranteed?

There are no fees for Simple Guaranteed. However, we manage a small spread, which helps us stabilise the daily fluctuating rates and cover the costs of bringing the product to you.

This spread is the difference between the yield that we get from the bank and the one we deliver to you. It 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!

Ready to get started?

📱 Only available on the StashAway app

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