Cash+ portfolio delivers a projected rate of 1.75% per annum and aims to protect savings from inflation and provide a higher yield than traditional bank deposits
SINGAPORE – 7 January 2021 – Syfe, a digital wealth management company licensed by the Monetary Authority of Singapore (MAS), today launched Syfe Cash+ portfolio, its latest cash management product that aims to enable all Singaporeans to grow their savings while still enjoying full access to their funds.
In today’s ultra-low interest rate environment it is increasingly challenging for savers to earn a decent yield on cash savings. Syfe has developed the Cash+ portfolio with this in mind, which is why it aims to deliver a projected rate of 1.75% per annum on any amount, and has no lock-up period or limits.
Syfe’s Cash+ portfolio is constructed using funds from Lion Global Investors, one of the largest asset managers in Southeast Asia. The diversified portfolio holds three funds