Which is the best ‘savings’ account? StashAway Simple VS Syfe Cash+ VS Endowus Cash Smart?

It depends on what you're looking at. For returns, I'd say Syfe Cash+ at 1.75% or Endowus Cash Management Ultra at 1.7% to 1.9% p.a.

Cash+ has no minimum deposit and no fees but Endowus Cash Management Ultra has a min $10K deposit for new users + a 0.05% access fee.

if you're thinking in terms of which is the least risky, you can consider Stashaway Simple because it doesn't hold any short duration bond funds unlike the other two. You can check out my comparison here for more details!

For withdrawal times, I think all three will need at least 3 - 5 working days. Cos they need to redeem your bonds, wait for the fund manager to transfer your proceeds to them, then transfer the funds to your bank account.

Definitely not stashaway for now as they r now offering only 1.4 & their withdrawal took days (i wdrew on a weekday)

Syfe cash+ : 1.7 : not too bad

endowus - too many requirements

singlife for first 10k!! 2%! And it beats the rest in terms of wdrawl speed! Instantly!

as the question set is: which is the best "savings" ac?? Keywd is saving and the intention of the qn is obvious! while we saved for rainy days or daily usage, it shouldnt take too long for wdrawl and some of them positioned themselvesas Bein simple and no-frills

Hi there! There are no Syfe management fees or minimum deposit amount for Syfe Cash+.

You can deposit and withdraw anytime. What's more, there are no limits or tiers. All deposit amounts will earn you the projected return of 1.75% p.a.

There was a similar question previously, but i can't seem to find the question now. anyway,

Stashaway simple : no min sum, no fees

https://www.stashaway.sg/simple

Endowus cash smart : min $100 per deposit (min $10k in account, but i think they don't enforce this strictly), fees 0.05%

https://endowus.com/pricing

Syfe cash+ : still waiting for their announcement and details.

I understand that the underlying funds maintains some uninvested cash, so unless you are withdrawing in the range of millions, i don't believe liquidity is a problem.

hope this helps

Seedly provide a good summary and comparison at :

https://blog.seedly.sg/cash-management-accounts-singapore/​​​

Have you checked out Singlife? Singlife is probably the best place to store your savings. They offer 2% interest pa for first $10K. 1% interest for the next $90K. The best part is that the first $100K capital is guaranteed under SDIC. I don’t think the 3 accounts have capital guarantee.

Yes its liquid in a sense that there's no lock in and u can withdraw anytime. Just that the withdrawal take some time to process