Anonymous

01 Mar 2020

∙

Can I see StashAway Simple™ SGD product as a high yield savings account? Is it advisable to park a sum of money here instead of bank savings account?

Which would be a better option? Are the fees that I'll be paying stashaway worth it?

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Davin

01 Mar 2020

StashAway simple is money market fund with the yield ard 1.8%, means it's not capital guarantee. Its low risk investment tool but not high yield saving acc imo.
There are few options that providing close to this and capital guarantee for consideration, Maybank iSavvy currently 1.9%, UOB one 1.85% (with condition), SCB esaver ~1.7%, SSB ~1.5%, single endowment 2.x% (3 years lock in).

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What is the difference between the stashaway simple account (1.9%) and the general investing (high risk) at 36% risk index? Which platform would be better for me to park a lump sum of money at?

What are the high interest savings account offered by Citibank and HSBC? I didn't see this 2 banks in Seedly's article on high interest bank accounts. Any recommendations?

Hi all, if I place saving in the Stashaway Simple Guaranteed, if one day Stashaway goes bankrupt (touch wood), will my money be gone? How about place in fixed deposit in the foreign bank in SG?

Which bank account should I park my savings money of $10K to just grow and gain interest (not gonna touch or deposit further anymore)?

As a couple, what bank accounts will give a high i/r for our combined monthly savings or even investment instruments we can put our money in?