Cash management should be straightforward, painless, and Simple. With us, you won't find confusing tables, footnotes, and fine print about how to unlock rates so you can grow your cash.
StashAway Simple™
Setting aside cash for an emergency fund, an upcoming expense, or to invest? Keep your cash with Simple.
Manage Your Cash
We’re licensed by the Monetary Authority of Singapore. Find out more.
There’s savings, and then there’s Simple
No minimum balance
No limit on the balance that can earn a projected rate of 1.2% p.a.
Bank deposits and withdrawals processed within 1 to 3 business days
No investment portfolio requirements
No management fees
No set up or exit fee
Unlimited transfers in and out of StashAway portfolios
Accepts SRS funds
No asterisks. No catch.
How it works
1.
Transfer however much cash you want.
2.
Earn returns on any amount for however long you want.
3.
That's it.
Pricing
| StashAway management fee for any balance | FREE |
| Net fee charged by underlying fund manager, embedded in projected rate | Approx. 0.217% |
| The average expense ratio of the two fund is 0.355%, and there is a rebate of 0.138% that we award back to you when we receive it. The difference is the 0.217% net expense ratio for StashAway Simple™. | |
We don’t include your Simple balance as part of your overall investments under management when we calculate your fee with us.
Frequently asked questions
What are the underlying funds in StashAway Simple™
StashAway Simple™ allocates 50% of your assets to the LionGlobal SGD Money Market Fund, and 50% to LionGlobal SGD Enhanced Liquidity Fund SGD Class I Acc.
Why shouldn't I invest in these funds myself instead of having StashAway invest on my behalf?
First, with the enhanced liquidity fund, we are using an institutional share class that has lower total expense ratio (annual fee charged by the ELF's fund manager) than the retail share class available on FSM or anywhere else. So, we give you access to the ELF at a lower cost.
Second, we return all rebates from the enhanced liquidity fund and money market fund back to you. Most other platforms and fund managers don't do this.
What does StashAway Simple™ cost?
We don’t charge any fees to manage your cash with Simple. Note that the funds in which we invest your cash have net total expense ratios that average 0.217% after rebates, and we reimburse you any rebates that the fund managers offer. Your projected returns are net of this total expense ratio and are the returns you can expect.
Do I need to invest with StashAway to have StashAway Simple™?
Nope! You can have just a StashAway Simple™ portfolio, if that's what works best for your financial plan.
How is StashAway Simple™ different from a fixed deposit account or savings account?
Unlike fixed deposit accounts that require a minimum lock-up period, you can withdraw from StashAway Simple™ at any time. And unlike traditional savings accounts, StashAway Simple™ doesn't have any tiered earnings structures or account activity requirements. Also, StashAway Simple™'s rate can vary, depending on the economic environment. In addition, your Simple portfolio is made up of ultra-low risk assets, but is not insured.
What’s the StashAway Risk Index for StashAway Simple™?
StashAway Simple™ is an ultra-low risk investment portfolio that invests in a money market fund and an enhanced liquidity fund. The StashAway Risk Index for StashAway Simple™ is 1.7%. That means you have a 99% chance of not losing more than 1.7% of your funds.
Can the projected rate change?
Yes. Depending on economic conditions, StashAway Simple™’s projected rate may change, as its underlying funds are affected by Singapore’s economic health and trajectory. Though, when applicable, our system will re-optimise your Simple portfolio to maintain the highest possible projected rate within a given economic environment. We’ll review the projected rate weekly, and if there is a change in the return of more than 0.2% from the projected rate, we'll notify you. The risk level to which your money is exposed will remain the same within StashAway Simple.
Does my money in StashAway Simple™ get counted towards my investment portfolio fees?
No; when calculating your AUM, we only include your investment portfolios, but don’t include the money you have in Simple.
Can I open a Simple portfolio with a Corporate account?
Yes, corporate clients can use 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 Simple. For deposits above $500,000 SGD, get in touch with us for customised pricing at support@stashaway.sg.
Want to grow your wealth for the long term?
We have a range of medium-to-long-term investment options, too.