• Cash Management Accounts (CMAs): Offer a balance between yield and liquidity for parking cash.
• Interest Rate Environment: Lower interest rates compared to the peak in 2024, impacting yields on fixed income products.
• CMA Importance: Highlighted by the Chocolate Finance incident, emphasizing the need to understand CMA structure, risks, and mechanics.
• Account Type: A hybrid financial account combining features of savings, checking, and investment accounts.
• Key Features: Higher interest rates, liquidity, and often linked to investment funds.
• Risk and Protection: Typically lower risk due to investment in low-risk instruments, but often not SDIC-insured.
• Account Type: Cash Management Accounts (CMAs) in Singapore.
• Purpose: Keep cash working and accessible, offering yields while allowing flexibility.
• Yield Information: SGD yields fluctuate on a 7-day basis; the table provides projected annual yields as of March 24, 2025.
• Endowus Cash Smart: Enhanced: 3.1% to 3.4% p.a. return, 50% UOB United SGD Fund, 30% LionGlobal SGD Enhanced Liquidity, 20% Fullerton SGD Cash Fund.
• StashAway Simple Plus: 3.6% p.a. return, 20% LionGlobal SGD Enhanced Liquidity Fund, 20% Nikko AM Shenton Short Term Bond Fund, 60% LionGlobal Short Duration Bond Fund.
• StashAway Simple Guaranteed: 2.7% p.a. (1 month), 2.65% p.a. (3 months), 2.6% p.a. (6 months), 2.5% p.a. (12 months) return, Fixed Deposits in Singapore Banks.
• Highest Interest Rate: Mari Invest SavePlus offers the highest interest rate at 3.26%.
• Platform with Highest Interest Rate Options: Syfe offers the most options with interest rates ranging from 2.3% to 3.2% p.a.
• Platform with Lowest Interest Rate Options: POEMS offers the lowest interest rate at 2.4404%.
• Endowus Cash Management Accounts: Offers three accounts: Ultra, Enhanced, and Core.
• Ultra Account: Highest yield (3.5% - 3.8% p.a.) with exposure to short-duration bond funds, suitable for those comfortable with higher volatility.
• Enhanced Account: Lower risk with higher yield (3.2% - 3.5% p.a.) compared to Ultra, using a mix of SGD funds.
• Endowus Secure Account: Offers good yields with maximal capital preservation, investing in Fullerton SGD Cash Fund and LionGlobal SGD Enhanced Liquidity.
• StashAway Simple Plus: Provides a 3.6% yield after fees, investing in LionGlobal SGD Enhanced Liquidity Fund, Nikko AM Shenton Short Term Bond Fund, and LionGlobal Short Duration Bond Fund.
• Investment Options: Both Endowus and StashAway allow users to invest using cash or SRS funds.
• StashAway Simple Plus: Offers higher potential yield but comes with higher volatility, suitable for at least 12-month investment.
• StashAway Simple: Provides a stable yield of 3.3% p.a. after fees, suitable for cash or SRS funds.
• StashAway Simple Guaranteed: Offers the lowest risk with guaranteed rates but functions like a fixed deposit with limited liquidity.
• Mari Invest SavePlus: Offers a projected return of 3.26% p.a. with no transaction fees or minimum deposit, investing mainly in MAS Bills and high-quality bond funds.
• Syfe Cash+ Flexi: Provides a projected return of 3.1% – 3.2% p.a. through a mix of LionGlobal SGD Money Market Fund and LionGlobal SGD Enhanced Liquidity Fund.
• StashAway Cash Management Account: Allows users to grow their SRS funds with no minimum deposit requirement.
• Syfe Cash Management Account: Offers SGD and USD options with projected returns of 0.05% – 0.15% p.a. and 4.3% – 4.4% respectively, but USD account carries foreign exchange risk.
• Syfe Cash+ Guaranteed: Provides fixed deposit options with guaranteed rates ranging from 2.3% to 2.75% p.a., but requires a lock-in period.
• Phillip SMART Park: Allows POEMS clients to park excess funds in the Phillip Money Market Fund, offering a projected return of 2.4404% p.a. through a portfolio of high-quality debt instruments.
• SMART Park Account Fee: 0.49% per annum fee for the underlying money market fund, but no withdrawal or maintenance fees.
• Moomoo Cash Plus Yield: Indicative 7-day annualized yield of 2.63% p.a. for SGD and USD.
• iFast Auto-Sweep Composition: 10% cash and 90% iFAST SGD Enhanced Liquidity fund.
• Tiger Vault Yield: Offers a yield of ~2.5% on idle money.
• Fund Options: Allows users to park cash in various funds like Fullerton SGD Cash Fund, United SGD Money Market, LionGlobal SGD Money Market, and LionGlobal SGD Enhanced Liquidity.
• Redemption Process: Requires 1 working day for processing and an additional 1-3 business days for cash withdrawal.
• Qualifying Period: From now until June 30, 2025, or until S$1 billion in assets under management is reached.
• Fee Structure: No fees until the target return is achieved, after which a performance-based fee of 0-2% applies.
• Withdrawal Processing Time: Instant withdrawals are paused; withdrawals will take 3-6 business days.
