facebookStashAway Simple dropping interest rate to 1.0% p.a in a prolonged low interest rate environment. - Seedly

Kenneth Lou

Co-founder at Seedly

17 Nov 2021

General Investing

StashAway Simple dropping interest rate to 1.0% p.a in a prolonged low interest rate environment.

Are you seeing the same with your other yield bearing money market and short term bond funds?

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StashAway Simple are invested in money market funds and they consist of diversified bond funds that are usually held to expiration rather than traded.

Not sure what they mean, bond yields are close to 2 year highs.

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Tan Choong Hwee

17 Nov 2021

Solutions Specialist at Providend

Expected move. StashAway tried to maintain their projected yield by supporting thru trailer fee they received. Apparently they have found it not sustainable anymore.

All other similar cash management solutions are seeing downwards revisions of yield in the past months.

I have some which have reduced rates earlier, so this time they have not revised (not yet announced ...

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