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SYFE FOR MCSTS

Earn up to 1.25% p.a. on your sinking fund

Grow your MCST’s sinking fund with the best fixed deposit rates in the market.

Get updates on latest rates

Straightforward

No fuss, no frills. Enjoy easy, convenient account opening specially designed for MCSTs.

Always Earning

We offer the flexibility to auto-reinvest so your money is always earning a return.

Free annual audit statements

Get audit confirmation statements every year free of charge.

Multi-terms, better flexibility

Choose rates and terms based on your liquidity needs.

term

guaranteed rate for MCSTs
Returns at the end of the term*
1
month
1.05
% p.a.
S$
315
3
months
1.15
% p.a.
S$
315
6
months
NEW
1.20
% p.a.
S$
315
12
months
NEW
1.25
% p.a.
S$
315
*Based on Investment OF
S$100,000

This calculator illustrates the guaranteed returns you will get at the prevailing rate if it matures on a business day. If that is not the case, the investment will end on the next business day instead, and you will earn pro-rated returns for the additional days.

The Syfe advantage

Safe and Secure

Syfe is regulated by The Monetary Authority of Singapore (MAS). Founded and based in Singapore, Syfe works exclusively with top-tier banks in Singapore and has over 250,000 clients to date.

The Relationship

Syfe aims to modernise and streamline operations for MCSTs, Managing Agents and Council Members. Your MCST will be assigned a Wealth Advisor to take care of your investment.

Competitive Rates

Syfe works with multiple MAS-regulated banks to obtain optimised rates every day. By onboarding with us, MCSTs get access to rates across a panel of top-tier banks in Singapore without having to shop around for rates.

Get updates

How it works

Steps
Required Documents
Details
01
Contact us

Email us at [email protected] to express interest and discuss your MCST needs.

02
Get onboarded

Get onboarded with the help of our Wealth Advisors. A unique account will be created for your MCST.

03
Fund and Invest

Simply fund your account and start investing upon confirmation. Syfe will manage the investment on your behalf.

Send email
Governing Constitutional document(s) which includes the following:
Management Corporation Constitution* (found under Building Maintenance and Strata Management Act (Chapter 30C) - Part V)


Any additional By-Laws passed*
Resolution/Minutes of Meeting of Management Corporation* authorising the opening of account
(Must be signed according to Constitution)
Official Listing of Office Bearer/Minutes of Meeting reflecting list of all current Office Bearers*
(Should include names of all Members of the Council)
Identity Document of Authorised Signatory(ies) and all Key Officer Bearers*
Proof of Address of Authorised Signatory(ies) and all Key Office Bearers*
Letter on Additional Client Terms
(Must be signed by Chairman, Secretary or highest signing mandate)
Entity Tax Declaration Form
(Must be signed by Chairman, Secretary or highest signing mandate)
Proof of Principal Office Address
(If different from registered address)

*Documents should be dated and certified true copy within the last 3 months. This may be certified by the account of the Client or a lawyer, notary public or other 
suitably qualified person. The following details must be included as part of certification:

  • Phrase such as “Certified True Copy” or “Original Sighted”
  • Full name
  • Position
  • Professional registration number (if any)
  • Date
  • Signature
Statements
An account balance statement will be sent to the MCST via email every month.
Auto Renewals
If the MCST wishes, they can instruct Syfe to auto-renew at the end of the term. This avoids money sitting idle and not earning interest. Syfe endeavours to provide the most competitive rates in the market at all times.
Withdrawals
The MCST can instruct Syfe to withdraw the money upon maturity. Relevant signatories are to sign the withdrawal form to request withdrawal. This form may be emailed to Syfe & Syfe will process it within 2 business days after the maturity date.
Bank Account
Upon instruction from the MCST, Syfe will return the money to the MCST’s bank account from which the original money transfer was received. For safety and security, we only return the money to the bank account from which the original transfer was received. Alternate bank accounts will not be accepted.
Early Termination
Early termination is available. You will receive your capital back without the returns, subject to termination and admin fees. The MCST should instruct Syfe to early terminate the product and to withdraw the money to the MCST’s bank account. Relevant signatories are to sign the withdrawal form to request withdrawal. This form may be emailed to Syfe.
Change of Maturity Instruction
The MCST may instruct Syfe at maturity of the product to withdraw the money to the MCST’s bank account if the original instruction was to reinvest. The instruction process will be for relevant signatories to sign a form to request withdrawal. This form may be emailed to Syfe.
Change of Council Members
The MCST is responsible for providing updated signatories as and when council members change. The MCST may contact the Wealth Advisor for assistance.
Audit Confirmation Enquiry
Upon request from MCST auditors, Syfe will provide an audit confirmation to the requestor free of charge.

From one business to another

Whether you’re an MCST, SME or a new start-up, we understand your corporate needs and offer tailored solutions for your business to thrive.

Why invest with Syfe?

Bank Fixed DepositsSyfe CASH+ GUARANTEED
Average yield/Projected return p.a.
Up to 3.2% (SGD)
1.05% - 1.25% p.a.
Account opening process
Visit branch and submit paper forms
Sign up online, quickly and simply
Interest rate lock-in
Locked in
Yes, for Cash+ Guaranteed
Payout frequency
End of term
End of term
Onboarding time
1-3 months
Within 5 business days

Fixed deposit account benchmarks are taken from the highest rates from the top 3 banks of Singapore, including promotional rates. Updated as of 2 Jan 2024.

Syfe For Business treasury management solutions are low to moderately low-risk investment portfolios managed by Syfe. It is not a savings or deposit product at a bank. Investments involve risk and Syfe For Business does not provide any guarantee or assurance of returns.

We’re here to help

Reach out to the humans behind our tech. Our wealth advisors will guide you through all our products and services.

FAQs

Here's a summary of how it works:

  1. Create a Cash+ Guaranteed portfolio by choosing the term of your choice (from 1, 3, 6 and 12 months) on the website or Syfe App.
  2. Add funds into your portfolio.
  3. Once we process your funds into the portfolio, the portfolio will be automatically locked and queued for investment.
  4. Your funds will be invested within one business day.
  5. Over the term you have chosen, you'll have the flexibility to decide whether you want to reinvest or not when the term concludes. If you opt not to reinvest, your funds will stay in the portfolio until you determine your next course of action, which may be reinvesting for another term at the prevailing rate, withdrawing, or reallocating your funds.

Syfe maintains partnerships with various banks regulated by MAS (Monetary Authority of Singapore) that offer fixed deposits. We regularly assess the rates from these providers, along with market rates, to ensure that Cash+ Guaranteed rate remains competitive.

Returns are guaranteed as we invest your funds in fixed deposits with a partner bank for your chosen term. When the term ends, you will receive returns from the underlying fixed deposits at the guaranteed rate that you had secured at the beginning of the term. Once your investment begins, the guaranteed return and rate will not change during the entire duration of the investment.

From the rate we obtain from our partner bank, we take a slight margin before extending to you a rate that is still very attractive in the market. Once your investment begins, your Cash+ Guaranteed portfolio is assured to provide returns at the same rate. Our commitment is to deliver exceptional products, coupled with an unparalleled user experience, and this margin facilitates our ability to fulfill that commitment.

After the Guaranteed portfolio is funded and invested, you will not have the option to make withdrawals until the fixed term ends. As we invest your funds into corresponding tenured fixed deposits with the preferred rates we obtain from banks, we are enabled to maximize the returns on your investment.

Subsequent top-ups made on or after 16th November to a portfolio that is already locked and invested will be placed by us into a new Guaranteed portfolio and automatically invested. By doing so, you create a “ladder” of maturity dates for your multiple Guaranteed portfolios, giving you the flexibility to access funds and take advantage of fluctuating interest rates.

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