Hi, has stashaway simple account registered any weekly/ monthly losses so far? Am thinking of using this account for my cash exceeding $70k ( limit for OCBC 360 for extra interest)?

There's a possibility that you might lose money in Stashaway Simple. You can refer to the funds return online to judge the possibility of it happening. However, the VAR for Stashaway Simple is 1.7%. That means you have a 99% chance of not losing more than 1.7% of your funds.

There's other alternatives such as Singlife for the first $10k for 2.5%, Elastiq 1.8% and Singtel Dash EasyEarn 2% for your consideration.

Hi Anon, as of now, StashAway Simple has not registered any losses so far and has continued to provide the 1.9% p.a. interest.

Regarding the change in the projected interest rate, this was their answer on their website:

"Yes, depending on economic conditions, your 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 will always notify you in the case of a change in the projected rate. The risk level to which your money is exposed will never change within StashAway Simple."

Since you have a substantial amount of excess cash, do you already have the SingLife account?

It gives you 2.5% p.a. for your first $10k, highly recommended for you to put $10k in there first, and the remainder can be placed in StashAway Simple.