facebookWhat part of your money can be allocated to cash management like StashAway Simple or Syfe cash+ or Singtel dash pet? - Seedly

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Anonymous

23 Mar 2021

Robo-Advisors

What part of your money can be allocated to cash management like StashAway Simple or Syfe cash+ or Singtel dash pet?

Is it part of emergency fund, investment money, wedding fund, travel fund?

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Robin

23 Mar 2021

Administrator at SG

Basically almost the same priority as the money that you wishes to put in the bank as liquid cash. Reason why cash management account may seems more attractive is due to the interest of about 1.4% that it can offer as compared to banks in current climate. It is rather low risk as they invest in short term bonds. Takes about 5working days to withdraw which is faster than when you want to withdraw from SSB

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