StashAway Simple Plus is a cash management product designed to help users earn higher returns on their idle cash compared to traditional savings accounts, while maintaining full liquidity and ultra-low risk. The platform invests in a diversified mix of money market and short-term bond funds, including the LionGlobal SGD Enhanced Liquidity Fund, Nikko AM Shenton Short Term Bond Fund, and LionGlobal Short Duration Bond Fund. Users can deposit and withdraw funds at any time, with no minimum or maximum balance requirements and no lock-up period. The projected yield to maturity is 2.9% p.a. (net of fees), with a promotional rate booster of 2% p.a. for new investors on deposits up to $6,000 SGD for 6 months, resulting in a total yield of up to 4.9% p.a. during the promotional period. Fees are transparent, with a 0.20% p.a. management fee. The product is suitable for individuals seeking a flexible, low-risk way to grow their cash, and is accessible via StashAway’s web and mobile platforms.

Key Features

High Projected Yield Offers a projected yield to maturity of 2.9% p.a., with a promotional rate booster for new investors.

• Up to 4.9% p.a. for first $6,000 SGD for 6 months
• Yield is net of fees and not guaranteed

No Lock-In, Full Liquidity Funds can be deposited and withdrawn at any time.

• No lock-up period
• No minimum or maximum balance

Ultra-Low Risk, Diversified Portfolio Invests in a mix of money market and short-term bond funds.

• Diversification reduces risk
• Focus on capital preservation

Transparent, Low Fees Management fee of 0.20% p.a. (total cost including underlying fund fees is about 0.36% p.a.)

• No transaction or withdrawal fees

Digital Access and Management Accessible via web and mobile app.

• Simple onboarding and account management
• Automated portfolio allocation

Benefits

Higher Returns Than Savings Accounts Aims to outperform traditional bank savings rates.

• Better yield on idle cash
• Suitable for emergency funds or short-term savings

Full Liquidity and Flexibility Access your money at any time without penalties.

• No lock-up period
• Unlimited free transfers and withdrawals

Low Risk and Capital Preservation Invests in diversified, low-risk assets.

• Reduces exposure to market volatility
• Focuses on protecting principal