In the past few days, we've seen 2 robo advisors launch their cash management solution products. Today, we have a total of 3 robo advisors (Endowus, MoneyOwl and StashAway) offering investors with cash management solutions to park their cash savings in low risk investments for higher yield that banks are offering.
Here's a complete list of cash management solutions
Product |
Net Projected Yield |
Fees |
Funds |
Minimum Amount Required |
---|---|---|---|---|
Cash Smart Core |
1.29% |
Total Cost: 0.23% Total Expense Ratio: 0.27% Trailer Fee Rebate: (0.09%) Endowus Access Fee: 0.05% |
|
No minimum balance, but minimum account size to be maintained is S$10,000 |
Cash Smart Enhanced |
2.20% |
Total Cost: 0.35% Total Expense Ratio: 0.53% Trailer Fee Rebate: (0.23%) Endowus Access Fee: 0.05% |
|
No minimum balance, but minimum account size to be maintained is S$10,000 |
StashAway Simple |
1.90% |
Total Cost: 0.205% Total Expense Ratio: 0.33% Trailer Fee Rebate: (0.125%) StashAway Management Fee: Nil |
|
No minimum balance |