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Investing · cash management

Cash management accounts, compared honestly

The neobank and fintech apps that pay you more on idle cash — Syfe, StashAway, Endowus, MariBank — all quote a big percentage. But those numbers are three different things: a projected fund yield that moves daily, a guaranteed rate fixed only for its tenor, and a past return that isn’t a forecast. And none of them is a bank deposit — so none is SDIC-insured. This tool keeps those apart, shows each provider’s own as-of date, and only uses figures read on the official page.

Last verified 24 Jul 2026 · 10 official sources · 10 products across 5 providers

Last verified24 Jul 2026

Data version10 products across 5 providers

Verified sources10 of 10

Each yield was read on the provider's official page, with the provider's own as-of date carried through — some are months old, because these figures move constantly. Products whose official pages could not be verified are listed but not ranked. Nothing here is SDIC-insured; ranking is purely the quoted yield.

What would idle cash earn — and at what risk?

None of these is a bank deposit. They invest your cash in funds (or place it via banks), so they are not SDIC-insured and even the steadiest can dip. A projected yield is an estimate that moves daily; a guaranteed rate is fixed only for its tenor; a past return is not a forecast — so the two tabs below are deliberately kept apart.

Ranked by the provider's latest yield figure. This is an estimate (or a past return), not a promise — a real balance earns more or less as fund yields move. Interest shown is one year at the quoted yield.

StashAway — Simple PlusLionGlobal SGD Enhanced Liquidity + short-duration bond funds (Amova, LionGlobal)ProjectedNot SDIC-insured
2.60% ≈ S$520/yr on S$20,000

Provider figure as of 6 Apr 2026 · No lock-in, but StashAway recommends holding 12 months+

Endowus — Cash Smart UltraUOB United SGD, LionGlobal SGD Enhanced Liquidity, Fullerton SGD Cash + short-duration bond fundsProjectedNot SDIC-insuredSRS
2.30% ≈ S$460/yr on S$20,000

Provider figure as of 30 Jun 2026 · No lock-in, unlimited transfers (a few business days to settle)

Endowus — Cash Smart EnhancedUOB United SGD, LionGlobal SGD Enhanced Liquidity, Fullerton SGD CashProjectedNot SDIC-insuredSRS
1.90% ≈ S$380/yr on S$20,000

Provider figure as of 30 Jun 2026 · No lock-in, unlimited transfers

MariBank — Mari Invest SavePlusLion-MariBank SavePlus fund (Lion Global Investors)Past 12-mthNot SDIC-insured
1.70% ≈ S$340/yr on S$20,000

Provider figure as of 31 May 2026 · Instant Cash Withdrawal (subject to limits/availability)

Syfe — Cash+ Flexi30% LionGlobal SGD Money Market Fund, 70% LionGlobal SGD Enhanced Liquidity FundProjectedNot SDIC-insuredSRSFigure may be stale
1.60% ≈ S$320/yr on S$20,000

Provider figure as of 17 Nov 2025 · Unlimited next-day (T+1) withdrawals, no lock-in

StashAway — Simple30% LionGlobal SGD Money Market, 70% LionGlobal SGD Enhanced LiquidityProjectedNot SDIC-insured
1.50% ≈ S$300/yr on S$20,000

Provider figure as of 6 Apr 2026 · No lock-in, no withdrawal restrictions

Endowus — Cash Smart Secure50% Fullerton SGD Cash, 50% LionGlobal SGD Enhanced LiquidityProjectedNot SDIC-insuredSRS
1.20% ≈ S$240/yr on S$20,000

Provider figure as of 30 Jun 2026 · No lock-in, unlimited transfers

GXS — Invest — Cash PlusMoney-market funds by Fullerton & LionGlobalPast 12-mthNot SDIC-insured
1.16% ≈ S$232/yr on S$20,000

Provider figure as of No as-of date published · No lock-in; redemptions on dealing days before cut-off

Every product, verified

2.60% net (3.00% gross) · as of 6 Apr 2026

2.30% net (2.72% gross) · as of 30 Jun 2026

1.90% net (2.19% gross) · as of 30 Jun 2026

1.70% net · as of 31 May 2026

1.60% net · as of 17 Nov 2025

1.50% net (1.80% gross) · as of 6 Apr 2026

1.20% net (1.48% gross) · as of 30 Jun 2026

1.16% net · as of No as-of date published

The three things the marketing blurs

1. It is not a depositNone of these are bank deposits. They invest your cash in money-market or short-duration bond funds (or, for the 'guaranteed' options, place it via banks) — so they are NOT covered by the SDIC deposit-insurance scheme, and even the most stable can dip. A fixed deposit or a high-yield savings account is the deposit-insured alternative; these products trade that protection for (usually) a higher yield.
2. Three yields, not oneThe headline percentages here are not one comparable number. A PROJECTED yield is today's estimate from the underlying funds and moves daily. A GUARANTEED rate is fixed for a set tenor (but guaranteed by the provider, not SDIC). A HISTORICAL return is what a fund did over the past year and is not a forecast. Ranking a projected 2.3% next to a guaranteed 1.25% next to a past-year 1.7% as if they were equal is exactly the mistake the marketing invites.
3. The number goes staleThese figures go stale fast — each product shows the date its provider last published the number, and some are months old. Always confirm the live rate in the provider's app before moving money.
4. Higher yield, more movementThe tiers paying 2%+ (Endowus Ultra, StashAway Simple Plus) hold short-duration bonds, not just money-market funds — so they can fall in a given month. The published max drawdowns are small, but they are not zero, and the yield is not a guarantee.

Exists but not officially verified (not ranked): Chocolate Finance — official site blocked automated checks; its target-return figure could not be confirmed on the official page (do not trust third-party numbers); Tiger Vault, moomoo Cash Plus, Webull Moneybull — broker cash-sweep products exist, but no yield was published on an officially-fetchable page (often promo/USD rates); Phillip SMART Park (POEMS) and FSMOne Auto-Sweep — auto-sweep into money-market funds, but no yield/fee/min published on the fetched pages. MoneyOwl wound down its retail cash-management (WiseSaver) at end-2023 and now operates as a non-profit financial-education entity.

Quick answers

What is the best cash management account in Singapore in 2026?It depends on whether you want a projected yield or a guaranteed rate. Among projected money-market products (not guaranteed, not insured), Endowus Cash Smart Ultra and StashAway Simple Plus show the highest recent net yields (~2.3–2.6% p.a.) but hold short-duration bonds that can dip, while the more conservative tiers (Endowus Secure, Syfe Cash+ Flexi, StashAway Simple) sit around 1.2–1.6%. For a guaranteed rate, Syfe Cash+ Guaranteed pays up to about 1.25% for a fixed tenor. Yields move constantly — check each provider's live figure and its as-of date.
Are cash management accounts safe? Are they SDIC-insured?No cash management account is SDIC-insured, because none is a bank deposit — they invest your money in money-market or short-duration bond funds, or place it via banks. Your capital can fall, especially in the higher-yield bond-based tiers. The 'guaranteed' options guarantee the rate through the provider and underlying banks, not through deposit insurance. If you want capital protected and insured, a fixed deposit or high-yield savings account is the alternative.
What is the difference between a projected yield and a guaranteed rate?A projected yield (Syfe Cash+ Flexi, StashAway Simple, Endowus Cash Smart) is an estimate based on what the underlying funds are currently yielding — it moves daily and is not promised. A guaranteed rate (Syfe Cash+ Guaranteed, StashAway Simple Fixed) is fixed for a set tenor, but only for that tenor and only as guaranteed by the provider. A historical figure (MariInvest, GXS) is what a fund returned over the past year and is not a forecast. They are three different things and should never be compared as if equal.
Can I withdraw from a cash management account anytime?The projected-yield products generally have no lock-in — Syfe Cash+ Flexi offers next-day withdrawals and MariInvest markets instant withdrawal — though settlement can take a few business days and bond-based tiers are best held longer. The guaranteed-rate products (Syfe Cash+ Guaranteed, StashAway Simple Fixed) lock your money for the chosen tenor with no mid-term withdrawal. Always check the specific product's terms.
Cash management account or fixed deposit — which should I use?A fixed deposit or high-yield savings account is deposit-insured up to S$100,000 per bank and has a rate you can rely on, but usually a lower or more conditional yield. A cash management account can yield more and stay liquid, but it is an investment: not insured, and capital can move. Many people keep their emergency fund in the insured products and use a cash management account only for surplus cash they can leave invested.

Want capital protected instead of a higher yield?

If this money is your emergency fund or you can’t risk a dip, a deposit-insured home is safer. We track every SGD fixed deposit and high-yield savings account the same honest way — with the SDIC protection these products don’t have.

Compare fixed deposits →

Where should your cash actually sit?

Free and no obligation — an adviser can help you:

  • Split your money by when you'll need it — emergency fund insured, surplus cash working harder
  • Judge a projected yield honestly against a guaranteed rate and an insured deposit
  • Make sure you're not reaching for yield on money you can't afford to see dip
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Sources

General information, not investment advice or a recommendation of any product. Yields were read on the providers’ official pages as at each product’s stated as-of date (page compiled 2026-07-24); these figures change constantly — confirm the live rate in the provider’s app before moving money. Projected yields are estimates, not promises; past returns are not forecasts; guaranteed rates apply only for their stated tenor. None of these products is a bank deposit or SDIC-insured, and capital can fall. MoneyAtlas has no paid placement in this comparison.