StashAway launched a cash management portfolio called StashAway Simple™ today and it definitely looks very attractive at first glance! The email I received this morning.
1.9% interest is huge without doing anything (salary crediting, giro, credit card spending, etc.) and can be used as an additional savings account once people have maxed out their main savings account (You can read how we maximize our Multiplier account here - DBS Multiplier + SSBs + Joint Account = Higher Interest!). More so after Citi MaxiGain got nerf and it has higher interest and is more liquid than SSB. Having said that, at the back of my skeptical mind, I got to check it out in detail.
I logged in to my account and see StashAway Simple™ - Earn 1.9%, no lock-up, no catch. Clicking "Get Started" and I was shown this page.
From here, we can see that the money that is "deposited" to this account...