StashAway Simple

[cfleee]

Anyone knows how long withdrawals take?

The last time I asked about timelines for StashAway Simple, deposit was 2-3 business days and withdrawal was 3-4 business days.

It's around 1.8 for me with rebate. Much better as compare to FD/SSB

Consider the environment right now. The underlying Money market find interest should drop when they release the annual report next month.

Factoring in the rebate credited 30 Apr, for the last three months (Feb to Apr) it looks like about 1.84%. I do wonder if the end-Apr rebate should be computed with the Jan-Mar period instead though... anyway, the performance will depend on exactly which period you're looking at.

It certainly should trend down soon, the duration of the two underlying funds is quite low.

 

[WoShiPro]

Can notice interest starting to decline in my calculation..

 

[supersnail0]

actually you can just invest yourself dont need stashaway. More flexible also

 

[testingabc]

actually you can just invest yourself dont need stashaway. More flexible also

any recommendations korkor? i only have fsm account sorry me noobie

 

[sq_A380]

Does anyone know, if I find my account directly in USD, when withdrawing funds, will I be able to convert to SGD at spot rate and withdraw directly in SGD?

 

[crystalnox]

Does anyone know, if I find my account directly in USD, when withdrawing funds, will I be able to convert to SGD at spot rate and withdraw directly in SGD?

Seems possible but not at spot.

https://www.stashaway.sg/faq/115003...-transferring-money-in-or-out-of-the-account/

 

[supersnail0]

errr can try saxo lo can invest worldwide

 

[testingabc]

It's around 1.8 for me with rebate. Much better as compare to FD/SSB

Consider the environment right now. The underlying Money market find interest should drop when they release the annual report next month.

thank you for your reply, this stashaway simple looks good when all interest rates drop below 1%, only thing is that it takes a few days to withdraw. sdic protect 75k is it? thank you~

 

[crystalnox]

thank you for your reply, this stashaway simple looks good when all interest rates drop below 1%, only thing is that it takes a few days to withdraw. sdic protect 75k is it? thank you~

No protection, it's not a bank nor a bank account.

 

[s0crates]

There's some useful information here around how money market funds and savings account differ..

https://endowus.com/insights/comparing-money-market-fund-and-high-interest-savings-account/

 

[spiritGate]

Anyone new to stashaway? Can PM me for referral code so that both of us can enjoy wavier of management fee of 6 months

 

[linjc84]

I can pm u mine

 

[w1rbelw1nd]

Think there will be a lot of competing products out there, Moneyowl just launched something similar (very low returns though, 0.74%),

And it seems like Endowus have something up their sleeves...
https://www.eventbrite.sg/e/manage-...erest-than-bank-accounts-tickets-110916030834

 

[assiak71]

Think there will be a lot of competing products out there, Moneyowl just launched something similar (very low returns though, 0.74%),

And it seems like Endowus have something up their sleeves...
https://www.eventbrite.sg/e/manage-...erest-than-bank-accounts-tickets-110916030834

Good for common folks

 

[zoneguard]

Think there will be a lot of competing products out there, Moneyowl just launched something similar (very low returns though, 0.74%),
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Moneyowl's WiseSaver uses Fullerton SGD Cash Fund as the underlying MMF. https://www.moneyowl.com.sg/wisesaver/
The return should be higher: https://www.fullertonfund.com/CMS/U...er/Fullerton_Fund/SGD_Cash_SGD_Class_A_En.pdf

It is offered by all the usual distributors: POEMS, Dollardex, FSMOne, UOBKH.

 

[assiak71]

Moneyowl's WiseSaver uses Fullerton SGD Cash Fund as the underlying MMF. https://www.moneyowl.com.sg/wisesaver/
The return should be higher: https://www.fullertonfund.com/CMS/U...er/Fullerton_Fund/SGD_Cash_SGD_Class_A_En.pdf

It is offered by all the usual distributors: POEMS, Dollardex, FSMOne, UOBKH.

Does moneyowl have trailer fee rebate? If no can just from other platforms

 

[w1rbelw1nd]

Does moneyowl have trailer fee rebate? If no can just from other platforms

Nope but they allow you to invest $50 minimum. Thats better than other platforms and those platforms will charge a platform fee as well.

 

[assiak71]

Nope but they allow you to invest $50 minimum. Thats better than other platforms and those platforms will charge a platform fee as well.

Not all other platforms charge platform fee

Means the only diff is the min investment

 

[le0nkelvin]

any referral code?

 

[blue_ice1985]

any referral code?

Hi you can use mine.

https://www.stashaway.sg/referrals/waileoncd4b