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Anonymous
If I choose to invest with Stashaway using SRS, can I invest all that I have in the SRS account or must I maintain a certain minimum balance in the account?
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Elijah Lee
25 Nov 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
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Kelly Trinh
25 Nov 2019
Backoffice technical at financial services firm
There is a certain cash balance you have at the bank SRS account right? You can choose where to deploy that, whether all to managed funds, all to stashaway or some mixture of both.
For example I do SRS at DBS - after my initial contribution, I do a managed fund subscription straight away for the full amount. I don't leave anything in the SRS account.
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Hi anon,
There's no requirement to maintain any minimum balance in your SRS account, unlike CPF OA ($20K) or SA ($40K). In fact, you'll want to ensure that you maximize it by deploying the monies, else it will earn a very low 0.05% interest.