Is the Syfe Cash+ account worth it?

Hi Alcander,

From what I understand, the details for Syfe Cash+ has not been entirely released, as the product has yet to be officially launched. What is known at this moment is that Syfe Cash+ promises:

• Projected return of 1.75% p.a.

• Daily accrual of returns

• No management fees

• No lock-in period

This product seems to be similar to the Stashaway Simple product that is currently in the market, thus I believe that there will be little to no minimum amount if Syfe Cash+ is looking to compete with similar products of her competitors.

As for whether it is worth it, the 1.75% pa returns is one of the highest in current low interest rate environment, so it does seem like a pretty good alternative for a low-risk investment instrument. Just my two cents on things, hope it helps but do your own due diligence when more details on the product is available

Cheers!