Syfe Launches New Cash Management Solution

Cash+ portfolio delivers a projected rate of 1.75% per annum and aims to protect savings from inflation and provide a higher yield than traditional bank deposits

SINGAPORE – 7 January 2021 – Syfe, a digital wealth management company licensed by the Monetary Authority of Singapore (MAS), today launched Syfe Cash+ portfolio, its latest cash management product that aims to enable all Singaporeans to grow their savings while still enjoying full access to their funds.

In today’s ultra-low interest rate environment it is increasingly challenging for savers to earn a decent yield on cash savings. Syfe has developed the Cash+ portfolio with this in mind, which is why it aims to deliver a projected rate of 1.75% per annum on any amount, and has no lock-up period or limits.

Syfe’s Cash+ portfolio is constructed using funds from Lion Global Investors, one of the largest asset managers in Southeast Asia. The diversified portfolio holds three funds – the LionGlobal SGD Money Market Fund, the LionGlobal SGD Enhanced Liquidity Fund and the LionGlobal Short Duration Bond Fund – which have been selected as they hold only low-risk, short-term debt instruments issued by high-quality issuers such as the Singapore government or corporations with high credit ratings. 

Investors’ money will be invested into the institutional share class of the funds which have lower fees and expense ratios. This also means that it may be more cost-efficient to grow savings with Cash+ as compared to purchasing these funds directly.

Dhruv Arora, Founder and CEO, Syfe, said: “The COVID-19 pandemic has triggered a wave of reduced interest rates that have hurt consumers and savers. As uncertainty in markets looks set to continue, we wanted to offer investors an alternative to traditional bank accounts and create a product that allows steady savings growth in a volatile economic environment. We are confident that Syfe Cash+ is an attractive option for those looking to make their savings work harder in 2021.”

While most savings accounts have tiered interest rates that require customers to fulfil multiple requirements, such as salary credits and minimum credit card spends, the Cash+ projected return of 1.75% per annum applies on all deposits, with no need to meet any qualifying criteria. In addition, Cash+ also provides daily accrual of returns, unlike traditional savings accounts and fixed deposits. This means that customers can see their savings grow every day as returns are automatically reflected in their Cash+ portfolio value. 

More information on the Cash+ portfolio can be found here:

Founded in 2017 and publicly launched in July 2019, Syfe is licensed by the MAS under a Capital Markets Services (CMS) License (CMS License No: CMS100837) for conducting retail and institutional fund management activities.


About Syfe

Syfe is a MAS-licensed digital wealth manager that helps people invest better and make smarter financial decisions. Grounded in the deep expertise of our financial research team, Syfe offers investment strategies for the most important goals in life, from purchasing your first home to retiring comfortably. Creating personalised, professionally managed portfolios takes only a few minutes with Syfe’s mobile and web applications. Clients enjoy access to Syfe’s wealth advisors and an intuitive investing experience that is low cost and hassle-free. The platform has no minimum investment amounts and maintains a low annual fee, starting at 0.4 percent of the total amount invested. 

For more information on Syfe, please visit:

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Cognito, on behalf of Syfe

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