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Anonymous

30 Nov 2019

Robo-Advisors

Any thoughts about Stashaway simple?

Looks like risk-free 1.9% p.a.? Does it make sense for your emergency funds to be there instead of a bank?

Discussion (3)

What are your thoughts?

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@ brawl stars online : I think the 1.9% p.a. rate can provide better returns than many standard savings accounts, which is beneficial for your emergency funds.

Realised that the account takes a while (3-4 biz days) to be funded and processed after the deposit. Haven’t tried to withdraw but I assume it takes the same amount of time. Not advisable if you need the funds immediately like now or yesterday.

Was intending to park some funds there ahead of using for an investment. The turn around time was too long to make the investment so I had to divert from other accounts. Luckily the amount in the account was small, as a test of the product.

Disclosure: I am a current user of the StashAway with investment in one portfolio, other than StashAway Simple.

Kelly Trinh

19 Nov 2019

Backoffice technical at financial services firm

Mixed feelings about this one. On the plus side - Its a money market fund, so I think genuinely lik...

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