Anonymous
Asked on 22 Dec 2020
With no limits and unlimited withdrawals, is this the next best liquid savings account?
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6 answers
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Issac Lim
Answered on 23 Dec 2020
I think u can look into Singlife, they have a 2% PA with the first 10k deposit.
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Question Poster
29 Dec 2020
Shun
30 Dec 2020
It's quite attractive IMO! One of the highest at 1.75% p.a.
The closest competition is actually Endowus' new Cash Management Ultra at 1.7% to 1.9% p.a. They released this after dropping the rate on their Cash Smart Enhanced product to 1.4 - 1.6%. Do check out my comparison here for more details!
In terms of liquidity, I think Singlife was still the best. You could get your funds almost instantly.
For Syfe, Endowus & Stashaway, the withdrawal time is at least 3 - 5 working days. It's almost impossible to be any faster because they will need to redeem your bonds, wait for the fund manager to transfer your proceeds to them, then transfer the funds to your bank account.
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Jesslyn
Top Contributor (Dec)
Answered on 23 Dec 2020
Quite competitive, better than Stashaway simple, almost on par with Endowus cashsmart
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Jesslyn
4w ago
YJ
Top Contributor (Dec)
Answered on 22 Dec 2020
Easily achievable.
Normally this kind of cash+ account underlying are money market fund & fixed income. With fixed income min. 3+% p.a.
I would just buy a few bond fund.
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Syfe
Answered 4w ago
Hey there! Thanks for your interest in Syfe Cash+. To find out more, do join our webinar with LionGlobal on 7 Jan 2021, 7pm. You may sign up here: https://www.eventbrite.sg/e/launch-of-syfe-cash-tickets-132883615471?aff=
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Aik Kai
Answered on 29 Dec 2020
This is similar to Stashaway Simple. They just invest into money funds.
Won't say this is the "next best" as returns depend on fund performance so there is a certain risk to it
1
Question Poster
29 Dec 2020
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Syfe
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INSTRUMENTS
0.4% to 0.65%
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N/A
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[EXCLUSIVE] First $30,000 managed free for 6 months using the exclusive promo code "SEEDLYWAIVER". Valid till 16 March 2021.
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