Syfe announced a reduction in interest from 1.75% to 1.5% for their Cash+ portfolio/account recently and it wasn't a surprise for me. It was just a matter of time because they had to "top up" the interest in order to provide higher interest and they just can't do it indefinitely. Personally, I am not a fan of cash management account but if you are risk-averse and relatively older then do sign up for Syfe Cash+. It is definitely much better than those fixed deposits from banks/insurance companies as your cash is not locked up. If you are relatively younger, please do not put most of your money in a cash management account unless you have huge expenses in the near future such as a wedding/renovation, either learn to invest yourself or let the robos do it for you through the more risky growth portfolio!...