Cash Management Accounts in Singapore: StashAway, Syfe, Endowus, Mari Invest, and More

We all know that leaving your savings in a run-of-the-mill POSB savings account isn’t going to get you very far, thanks to low base interest rates. High-interest savings accounts like the UOB One, DBS Multiplier and OCBC 360 can offer better returns—but only if you’re willing to jump through multiple hoops such as salary crediting, card spending and bill payments.

Meanwhile, Singapore Savings Bonds (SSBs) and T-bills were delivering extremely attractive yields back in 2022, with some auctions hitting above 4%. However, rates have since moderated as the interest rate environment shifted, and returns today are generally lower and more variable than they were at their peak. Fixed deposit rates have also eased, and your money is often locked up for months at a time, reducing your liquidity.

So what’s the alternative, you might ask? Fortunately, there is one: cash management accounts. This popular middle ground offers a fuss-free way to earn potentially higher returns on your idle cash, while still keeping your funds relatively accessible.

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1. Summary of cash management accounts in Singapore: Project returns, minimum deposits, and more

*Please note that rates change and are not guaranteed. As of 4 Feb 2026, the above rates were offered by these companies as reliable estimates of returns. 

2. What are cash management accounts and how do they work?

A cash management account is an alternative to a regular checking or savings account, usually offered by non-bank companies. You can store your cash in these accounts, grow your money in them, and withdraw cash whenever you like. That may sound like a traditional savings account to you, but there are some differences. Firstly, cash management accounts are non-bank accounts. So while your UOB One savings account is with the bank UOB, your Endowus Cash Smart cash management account is with Endowus, a wealth management platform which funds are in turn processed by UOB Kay Hian. Secondly, the main advantage of cash management accounts is that they tend to offer attractive interest rates compared to bank accounts and more importantly, are relatively fuss-free. You don't have to spend X amount on your credit card, credit your salary, or take up a new insurance policy just to hit a higher interest rate. 

Other than better interest rates, another advantage of parking your money in a cash management account rather than a high interest savings account is that there are fewer restrictions on withdrawals. With the latter, there's a minimum balance you must keep. Your interest rate can suffer if you make withdrawals and your bank account balance falls below a certain amount.

Let's take a look at the biggest cash management accounts in Singapore.

3. StashAway Simple Fixed

StashAway is a well-known robo-advisor in Singapore that offers automated investments. It has introduced Simple Fixed, which replaces Simple Guaranteed as its fixed-term cash management option.

Unlike StashAway Simple, which allows you to withdraw anytime, Simple Fixed locks in your funds for a fixed tenure in exchange for a fixed projected return. This makes it more suitable for those with spare cash they won’t need immediately and who prefer greater certainty over their returns.

Like StashAway’s other cash management portfolios, Simple Fixed invests in low-risk money market and short-duration fixed income funds, but the key difference is that you’ll need to hold your investment until maturity to enjoy the full fixed-rate benefit.

Minimum deposit: None—you can start with any amount.
Minimum balance: None.
How to invest: You can invest using cash or SRS. Funding can be done within an hour via eGIRO Fast or PayNow, or within 2 to 4 days via manual transfers or SRS.
Liquidity: Simple Fixed comes with a 1-month lock-in (fixed tenure). After the portfolio matures, your balance is credited in cash and you can reinvest, transfer, or withdraw your funds.

4. StashAway Simple

StashAway Simple is a cash management portfolio that invests your idle cash into low-risk unit trusts to help grow your money more effectively than a traditional savings account. There’s no minimum deposit or minimum balance, so you’re free to put in as much or as little as you want.

You can open two separate Simple portfolios—one funded with cash and one funded using your Supplementary Retirement Scheme (SRS)—giving you flexibility in how you allocate your funds.

Underlying funds: Simple works by investing in low-risk liquidity-focused funds, primarily the LionGlobal SGD Money Market Fund and the LionGlobal SGD Enhanced Liquidity Fund.

Earnings and fees: StashAway charges a 0.15% p.a. management fee, and the latest published projected return for Simple is around 2.2% p.a. after fees. Actual returns will vary and are not guaranteed.

Liquidity: There is no minimum lock-up period, so you can withdraw your cash at any time. Withdrawals typically take about 2–3 business days to reach your bank account for cash-funded portfolios, and about 3–4 business days for SRS-funded portfolios. Because of this processing time, it’s not ideal to rely on your Simple account for day-to-day spending.

Minimum balance or deposit: None.

5. StashAway Simple Plus

StashAway also offers Simple Plus, a cash management portfolio designed to deliver slightly higher projected returns than StashAway Simple by taking on a bit more risk. Like Simple, there’s no minimum deposit or minimum balance, and you can choose to invest using cash or your Supplementary Retirement Scheme (SRS).

Underlying funds: Simple Plus invests across a mix of liquidity and short-duration fixed income funds, including the LionGlobal SGD Enhanced Liquidity Fund, the Nikko AM Shenton Short Term Bond Fund, and the LionGlobal SGD Short Duration Bond Fund. This broader mix introduces moderate volatility compared to Simple, in exchange for the potential for higher yields.

Earnings and fees: StashAway charges a 0.2% p.a. management fee for Simple Plus, and the portfolio’s projected return is published net of fees. As with all cash management solutions, returns are not guaranteed and will vary depending on market conditions.

Liquidity: There’s no formal lock-in period, but withdrawals typically take about 4 to 6 business days to reach your bank account or SRS. Because the portfolio includes bond exposure, StashAway notes that Simple Plus is generally better suited for those who can stay invested for at least 12 months to ride out short-term fluctuations.

Minimum balance or deposit: None.

6. Endowus Cash Smart—Secure, Enhanced, Ultra

Endowus is yet another robo-advisor that also has a cash management account, in the incarnation of Cash Smart.

There are 3 types of Endowus Cash Smart accounts on offer: Cash Smart Secure, Cash Smart Enhanced, and Cash Smart Ultra. Cash Smart Secure is the lowest risk, but also offers the lowest projected returns. All 3 options come with a 0.15% p.a. Endowus platform fee, which is already reflected in the projected yields shown below.

Projected returns are estimates and may change over time depending on market conditions.

As expected, the portfolios with higher projected returns also come with higher volatility due to their underlying fund exposure. Cash funds are generally the lowest risk, followed by money market funds and short-duration bond funds. While Cash Smart Secure focuses on stability through low-risk funds, Cash Smart Ultra includes a broader mix for potentially higher—but more fluctuating—returns.

Minimum deposit: To start, you need to invest S$1,000 with Endowus. Subsequently, each investment has to be at least S$100.

Minimum balance: None.

How to invest: You can use cash or your SRS to invest in Endowus Cash Smart.

Liquidity: Cash withdrawals take about 2-4 working days, while SRS withdrawals are slightly longer at 3-5 working days. Funds are held via Endowus’ appointed custodian (e.g. UOB Kay Hian), rather than directly with Endowus.

7. Syfe Cash+ Flexi

Syfe lets you invest your idle SGD or USD in its cash management solution, Syfe Cash+ Flexi, which — like StashAway and Endowus cash management portfolios—is eligible for funding via your Supplementary Retirement Scheme (SRS).

Underlying funds (SGD):

• LionGlobal SGD Money Market Fund—30%
• LionGlobal SGD Enhanced Liquidity Fund SGD Class I (Accumulation)—70%

Underlying funds (USD):

• JPMorgan Liquidity Funds USD LVNAV Select—50%
• BNP Paribas InstiCash USD 1D LVNAV—50%

Earnings and fees: Syfe Cash+ Flexi’s projected returns vary based on market conditions and currency. For SGD portfolios, the current published projected range is approximately 1.7%–3.8% p.a. after fees. For USD portfolios, the projected range is typically aligned with prevailing USD money market yields. Syfe applies a management fee of 0.05%–0.15% p.a. for SGD portfolios and 0.15%–0.20% p.a. for USD portfolios, depending on the amount invested and the portfolio you select. Projected returns shown are net of both management and fund-level fees and will fluctuate over time.

Liquidity: There is no lock-in period, and you can withdraw your funds at any time. If you submit a withdrawal request before 11 am (Singapore time) on a business day, Syfe typically aims to credit your cash by the next business day (by ~7 pm). Withdrawals submitted after the cutoff may take an extra business day.

Minimum balance or deposit: There is no minimum balance or deposit for SGD Cash+ Flexi. For USD Cash+ Flexi, there is a minimum investment of US$10,000 (or equivalent in SGD) when funding in USD.

8. FSMOne Auto-Sweep Account

FSMOne is an online brokerage platform under iFAST. Its name comes from the fact that you can automate the transfer of all your spare cash (eg. dividends, sales proceeds) from your FSM brokerage account into your Auto-Sweep account so it gets to earn interest.

Plus you can also use the funds in your Auto-Sweep Account to invest in unit trusts, bonds, stocks and ETFs.  

Underlying funds: The portfolio consists of 90% iFAST SGD Enhanced Liquidity A SGD (AS) and 10% Cash Account.

Earnings and fees: Its latest net yield as of 4 Feb 2026 was 1.239% p.a. This sum is derived after deducting management fees of 0.05% per quarter and fund-related fees.

Minimum balance and deposit: While the minimum deposit is $50, there is no minimum account balance you need to maintain. However, you do have to ensure there is a monthly recurring top-up of at least $100.

Liquidity: The FSMOne Auto-Sweep Account has no lock-in period. You can withdraw your cash (minimum $50) within the same business day if you make your redemption by 10 am, making it the fastest management account on this list in terms of withdrawal.

9. Mari Invest

Mari Invest is a good option for Mari Bank customers. The product gives you access to the Lion-MariBank SavePlus fund (more on that below) and lets you make instant withdrawals. Plus, look forward to zero transaction fees and sales fees!

Note that you must be a Mari Bank customer to use Mari Invest. If you're for some reason resistant to joining Mari Bank, there's no way in to Mari Invest.

Underlying funds: Managed by Lion Global Investors, the Lion-MariBank SavePlus fund comprises mainly MAS Bills (over 60%) and high-quality bond funds. All in all, this is a low-risk portfolio. You can check the fund information page on the MariBank app for the latest portfolio breakdown.

Earnings: 2.29% p.a. as of 31 Dec 2025 (1-year)

Fees: The good news is that there are no transaction fees, upfront fees, sales charge, or platform fees. Any returns you see on your app already factor in any ongoing fees, so what you see if what you'll get. There is an annual management fee of 0.25% p.a. charged by the fund manager Lion Global Investors (LGI), but at least this is already factored into each day's unit price too. Meaning if or when you buy or sell fund units, the price you see is again what you'll get. No further hidden deductions!

Minimum initial deposit: Start from as small as just $1.

Liquidity: Withdrawals are instant and free, with funds credited back to your MariBank account immediately.

10. Moomoo Cash Plus

If you've seen Moomoo Cash Plus' latest promotion, your eyes might have bugged out. 6.8% p.a.? How?

Firstly, understand that you only get to enjoy 6.8% p.a. for 30 days. All good things come to an end, and this good thing comes to an end after just a month. It's also limited to $80,000 per user.

Okay, but 6.8% p.a. is still pretty high. How does Moomoo guarantee this return? Like Chocolate Finance, their strategy is to top up the difference if their fund underperforms. For example, if a chosen fund (like Fullerton SGD Fund) has a 3.9% annualised yield, Moomoo will top up the difference to ensure you still get your 6.8% annualised yield during the first 30 days.

Underlying funds: Fullerton SGD Cash Fund or CSOP USD Money Market Fund

Earnings: Returns from Moomoo Cash Plus depend on the performance of its underlying money market funds. On its product page, Moomoo highlights an annualised yield of up to 4.01% p.a. for USD Cash Plus, based on the historical performance of the Fullerton SGD Money Market Fund and CSOP USD Money Market Fund from 4 Aug 2021 to 25 Sep 2025. Actual yields will vary over time and are not guaranteed.

Fees: Moomoo does not charge subscription or redemption fees, though underlying funds may have embedded management costs reflected in performance.

Minimum initial deposit: Start from just $0.01. 

Liquidity:Withdrawals are available anytime, though processing may take 1–2 business days.

11. Phillip SMART Park, POEMS

Phillips Securities’ POEMS brokerage is one of Singapore’s most well-known. They’ve got their own version of a cash management account called SMART Park. It’s designed to park idle cash, such as dividends from your stockholdings that haven’t been reinvested.

Earnings: The 7-day annualised return as of 4 Feb 2026 is 0.9447% p.a. for SGD and 3.4877% p.a. for USD

Fees: There are no sales charges or administrative fees levied by Phillip on SMART Park returns. However, the underlying money market funds carry their own expense ratios, which are already factored into the published returns.

Underlying funds: SMART Park invests in Phillip Money Market Fund for SGD, and Phillip US Dollar Money Market Fund A for USD. These money market funds typically hold a mix of high-quality government and corporate bonds, commercial bills and fixed deposits, aiming for stable liquidity and preservation of capital.

You can also use your funds from SMART Park to purchase investment products via POEMS should you wish to do so.  

Minimum initial deposit and balance: To start earning returns on SMART Park, you need a minimum initial deposit of S$10,000. After that, you must maintain at least S$100 in the account to continue receiving returns.

Liquidity: SMART Park has no lock-in period. If you submit a withdrawal request by 10 am on a business day, you can typically receive your cash on the same working day.

12. Chocolate Finance

You may have seen advertisements for Chocolate Finance in our MRT stations—"make life richer", they claim. Indeed, Chocolate Finance offers a return of 2.0% p.a. on your first $20,000 and 1.8% p.a. on your next $30,000 with them.

They swear that, if their portfolio underperforms, they will top up the difference to ensure you get the rates promised. This is a promotional incentive that only applies during the qualifying period from now till 30 June 2026 or until the Chocolate Managed Account reaches S$1.5 billion—whichever comes first.

Of course, they also say this:

"Risk disclosure : This programme does not constitute a guarantee of capital or returns. Chocolate has the right to pause or stop the programme at any time due to market disruption, over-utilisation of the programme, excessive withdrawals, exchange restrictions, or other unexpected force majeure events."

Hmm. If you ask me, I would be the most cautious of Chocolate Finance out of all the cash management accounts on this list. Even without considering their promise above, the underlying funds are riskier short-term ones too:

• Dimensional Short-Term Investment Grade Fixed Income SGD Fund (DSF)
• UOBAM United SGD Fund (USF)
• Fullerton Short Term interest rate SGD Fund (FST)
• LionGlobal Short Duration Bond SGD Fund (LGF)
• Amova Short Term Bond Fund (NST)

On the plus side, your chocolate-coated funds will be held by custodians HSBC and State Street, and not by Chocolate Finance. So if one day Chocolate were to go bust, your funds won't go under with them.

How to invest with them: Cash. Chocolate Finance does not SRS funding currently.

Fees: Chocolate Finance currently has no fees. To make money, they're banking on outperforming their target.  Once that happens, after you get the returns they promised you, they'll take a fee of 0 – 2% depending on how much the portfolio outperforms.

Minimum balance: Withdrawals of up to S$20,000 are typically instant, while larger withdrawals may take 3 to 10 business days, depending on processing and liquidity conditions.

Liquidity: Chocolate Finance has no lock-in period. Withdraw your cash anytime—withdrawals up to $20,000 are instant, while those over $20,000 will take 3-10 business days.

13. Are cash management accounts protected by the SDIC?

When we talk about the safety associated with savings accounts, we often reference the Singapore Deposit Insurance Scheme (SDIC). This scheme insures up to S$100,000 of your insured deposits per depositor per Scheme member, offering protection if an SDIC member bank or finance company fails. A bank closure is unlikely, but read our guide on what happens if your bank collapses overnight if you're really worried.

Cash management accounts are considered an investment product and not a bank deposit. Unfortunately, that means they are not covered by SDIC. If—touch wood—disaster were to strike your financial institution—there's a slight risk to your capital. That said, most cash management solutions hold client assets with independent custodians and in segregated accounts.

14. How safe are cash management accounts?

Cash management accounts can come with a level of risk, but this is typically quite low. Cash management accounts are generally considered lower risk than most investment products, but returns are not guaranteed and losses are still possible, especially during periods of market stress. Reasons for the low risk include:

• Cash management accounts invest your funds in low-risk instruments like money market funds and short-term bonds
• Most reputable cash management providers and the funds they offer are regulated under MAS’ framework, although regulation does not eliminate investment risk
• Such companies are typically backed and managed by larger banks or brokerages

For example, Endowus' funds are processed by UOB Kay Hian, a large brokerage firm that's backed by the UOB Group. When you deposit money into your Endowus Cash Smart account, it's UOB Kay Hian—not Endowus!—that holds your cash and processes the transactions you execute on the Endowus platform. If Endowus were to go down (touch wood), they won't be taking your money along with them.   

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