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Singapore Robo Advisors: High cash management rate just a marketing ploy to get your money?
By New Academy of Finance  •  July 6, 2020

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Singapore Robo Advisors: The chase for higher yield offering In today’s low-interest-rate environment where major banks in Singapore have cut the interest rates on their high-interest rates savings accounts, some Singapore Robo-advisors have started to “fill in the gap” by offering higher cash management rate. So far, most, if not all of the articles online are supportive of the fact that retail investors/consumers can still benefit from high-interest cash management services after being “abandon” by their banks. I beg to differ.    Are Singapore Robo advisors offering higher cash management rates just a marketing ploy to get you to park your money with them? I am concern that this might turn out to become a “race” to offer the highest cash management rates to investors, which really defeat the purpose of a “hassle-free, no jumping over multiple hoops and more importantly secure place”...
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By New Academy of Finance
I have got no sob-stories to entertain ya. I am just a regular joe, happily married, with two “highly energetic” young boys that can never seem to settle down! Life is peaceful, or if you wish to put it with a tad of negative connotation to it, BORING. Some say boring is good!
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