Cash is an important component of any portfolio. It forms the bedrock of your emergency funds and short-term savings goals. It can also play a role in your investments by buffering against volatility and giving you the flexibility to buy more assets during market dips.
Make your savings work harder with 3.6% p.a.
We built our cash management account, Syfe Cash+ Flexi, to enable all Singaporeans to grow their savings while still enjoying full access to their funds.
The Syfe Cash+ Flexi portfolio delivers a projected rate of 3.6% per annum on any amount, and has no lock-up period or limits. Unlike high-yield savings accounts, there is no need to meet any qualifying criteria such as salary credits and / or credit card minimum spends just to earn “higher” interest.
There are no limits to how much cash you can place in your Cash+ Flexi account as well. As mentioned, the projected rate of 3.6% per annum applies on everything in your account. This is not the case for most high-yield accounts. Banks typically cap the amount that can earn high interest – any amount beyond $75,000 generally earns only the base interest rate of 0.05%.
The funds within Cash+ Flexi
The funds chosen hold only short-term debt instruments issued by high-quality issuers such as the Singapore government or corporations with high credit ratings. As such, these funds are considered safe and extremely low-risk.
Using these funds, we’re able to provide a projected return of 3.6% per annum. This rate is net of all fund expense ratios. Furthermore, we have worked with LionGlobal to secure lower fund expense ratios than what retail investors generally pay.
Any rebates we receive from LionGlobal will also be credited back to you. Such rebates typically go straight to brokerage platforms that you buy the fund from. However, in order to serve your best interest, Syfe will credit the full rebate back to you.
Is Cash+ Flexi suitable for you?
Cash+ Flexiis not a bank savings account. Rather, it is a diversified portfolio of money market and short duration bond funds. As such, you can think of it as a very low risk investment that protects your savings from inflation and gives you higher yield than what you can get from traditional bank deposits.
Whether you’re building up your emergency cushion, saving for an upcoming big purchase, or setting aside funds for a dollar-cost averaging strategy into Syfe’s investment portfolios, Cash+ Flexi can be the smarter home for your hard-earned money. Is Cash+ Flexi right for you? Check out this review to learn more.
You can easily add funds or make a withdrawal through Syfe’s platform as many times as you prefer. Transfers are free and unlimited and there are no lock-up periods to worry about. What’s more, you’ll earn the projected return of 3.6% per annum on any amount saved.
No longer satisfied with jumping through hoops and hurdles to earn tiered interest rates on your savings account? Or want to break free from the long lock-up periods and early withdrawal penalties that fixed deposits impose? Park your savings in Syfe Cash+ Flexi instead.
Anyone can open a Cash+ Flexi account. You don’t need to invest with us to create an account. Simply sign up here to get started. If you use MyInfo, completing your sign up takes less than 5 minutes!
If you’re an existing Syfe customer, simply log in to your account and click on “Add Portfolio” to create your Cash+ account.