I already have a "general investing" portfolio with SRI 16% and an "income" portfolio with SRI 12%. Should I also use Stashaway Simple with non-guaranteed returns of 1.9%? - Seedly
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Anonymous

Asked 2w ago

I already have a "general investing" portfolio with SRI 16% and an "income" portfolio with SRI 12%. Should I also use Stashaway Simple with non-guaranteed returns of 1.9%?

Reason being the drop in interest rate of high savings accounts like DBS Multiplier, OCBC 360 and UOB One. Or should I stick with these savings account since there is no risk involved.

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Shaun WQ Lim
Level 7. Grand Master
Answered 2w ago

Depends on how liquid you want your money to be.

The last time I tried StashAway Simple, there was a lag time of a few business days before I can get my money out.

Otherwise you can funnel your investment amount into StashAway Simple as a holding area to earn some interest before transferring into your other portfolios.

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Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 2w ago

Why not consider Singlife? Here’s a comprehensive article comparing StashAway Simple, Singlife, SSBs & Etiqa product:

http://thefinance.sg/2020/05/22/stashaway-simple-review-other-no-frills-cash-savings-update-may-2020/

Hope this helps

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