StashAway review

The account pays 1.5%, and the rate is variable, so it can move rather than staying fixed for a term. That sits under the 3% median across the savings brands tracked here, and there is no lock-in, so the balance is not committed for a set period.

There is no monthly fee on the account, and a minimum deposit of SGD 0 means you can open it without tying up money. The cost to watch is on the investment side, where management fees run 0.2% to 0.8% and come out of the portfolio rather than being billed separately.

Access is open: Withdraw anytime, no lock-in, so there is no notice period and no penalty for taking money out early. That flexibility is a main reason to hold a cash balance here, though the variable rate sits below the market median.

StashAway is regulated by Monetary Authority of Singapore, and the licence on record is CMS100604. The accounts are run by Asia Wealth Platform Pte. Ltd. (201624878Z), a company founded in 2017. Since the cash account pays a variable rate, the balance, the return and the licence all matter before you commit funds.

Portfolios cover etf, esg and cash, so the range stretches from funds to crypto exposure. Management fees of 0.2% to 0.8% apply to them, and the minimum investment is SGD 0, which is low enough to begin with a small amount. On a small balance those fees are the main drag.

Support runs on email, phone and help centre, so you can reach the team by email or phone, and there is a help centre for self-service questions. That matters most on a variable rate account, where the return changes and you may want to check the current figure before moving money.

It suits first-time investors and savers who want cash and portfolios in the same app, since the account runs on cash management terms with SGD 0 to start. It is less suited to anyone chasing the highest cash rate, since 1.5% sits below the 3% median.

The account types available are corporate, so the named range is narrower than a general savings line-up. The personal side stays open with SGD 0 to open, Withdraw anytime, no lock-in, and portfolios from SGD 0. Corporate balances are the account type named.