We’re all about securing that bag 💰. We’re trying to level up in this investing game 📈. No one’s got time for that 0.05% p.a. interest from a basic savings account. But we’re also not about to risk it all and end up with inconsistent returns 🎢. We’re playing it smart, not hard 💡.
Is it too much to ask for a chill, low-key way to invest and then forget about it? Like, can’t we just set it and forget it?
This is where Syfe Cash+ Guaranteed steps in as a breath of fresh air, offering investors a unique solution that combines the best of both worlds: guaranteed returns and flexibility.
Disclaimer: Syfe Cash+ Guaranteed is a managed investment portfolio. Investments involve risk. Investment capital and returns are guaranteed if held for 3 months, subject to underlying bank risk. This review does not constitute financial advice.
Discover the Benefits of Syfe Cash+ Guaranteed
Syfe, a reputable player in the financial market, has introduced its latest offering – Syfe Cash+ Guaranteed. It’s designed to provide retail clients with access to guaranteed return rates of 3.7% p.a., and the best part?
There’s no minimum funding amount!
But what else is there that sets this product apart, and why should it be on your radar?
Diving Deeper: Understanding Syfe Cash+ Portfolios
Syfe Cash+ Guaranteed is not your typical savings account, nor is it a fixed deposit account; it’s a managed investment portfolio meticulously crafted to deliver better guaranteed returns.
Currently offering an attractive return rate of 3.7% with a short term of 3 months, it aims to address the needs of investors looking for capital-guaranteed investment products.
Let’s take a closer look at how it compares to its OG product, Cash+ (now renamed to Cash+ Flexi):
Cash+ Guaranteed
Secure, guaranteed returns on your savings- Capital guaranteed
- Withdraw end of term
- No minimum funding amount
- No management fees
Cash+ Flexi
Flexible and low-risk returns on your savings- No capital guaranteed
- Withdraw anytime
- No minimum funding amount
- 0.10% management fees
*With reference to Syfe’s website as of 19 September, 2023.
Unlike Cash+ Flexi, Cash+ Guaranteed comes with a short lock-in requirement, ensuring that your funds remain invested for the specified period to enjoy those guaranteed returns.
Why Syfe Cash+ Guarantees Your Financial Future
Now, let’s get to the heart of the matter – the benefits of choosing Syfe Cash+ Guaranteed:
Capital & Returns Guaranteed
Syfe Cash+ Guaranteed is the first and only product at Syfe that offers guaranteed returns.
You can expect guaranteed returns of 3.7% p.a. Both your capital (or principal) and returns are secured. Moreover, you have the option to accelerate your savings through the power of compounding by auto-reinvesting at maturity.
That’s a surefire way to grow your wealth.
Behind the Scenes: Optimized Rates from MAS-Regulated Banks
Wondering how Syfe manages to offer such impressive returns?
This portfolio is designed to maximize returns by obtaining optimised rates from various MAS-regulated banks in Singapore, making these rates available to you as a retail investor. Syfe ensures that you don’t need to go through the hassle of transferring your funds from one bank to another to access better rates.
They do the legwork for you, so you can sit back and watch your money grow.
Invest Any Amount with No Hoops, Caps, or Fees
Syfe Cash+ Guaranteed portfolio has no fees, no minimums, and no maximums. You’ll have full access to the guaranteed rate without having to meet any qualifying criteria, such as salary credits or credit card minimum spending.
It’s all about flexibility and convenience – tbh, it couldn’t get any easier!
Answering Your Questions About Syfe Cash+ Guaranteed
Still have questions? Let’s address some common queries:
How are returns guaranteed?
Returns are guaranteed as Syfe invests your funds in a fixed deposit with a partner bank, subject to underlying bank risk. When the term ends, you will receive returns at the guaranteed rate secured at the beginning of the lock-in period.
Can the guaranteed returns change?
No, once you’ve locked in your guaranteed rate, it remains unchanged throughout the entire 3-month lock-in period. It’s a rock-solid guarantee!
Can I top up or withdraw my money before the end of the lock-in period?
Unfortunately, after locking in the Cash+ Guaranteed portfolio, you won’t have the option to make top-ups or withdrawals for a period of 3 months or until the term ends. However, you can consider creating additional Cash+ Guaranteed portfolios with different maturity dates to have guaranteed returns simultaneously.
Syfe Cash+ Guaranteed vs. Other Savings Options
Now, let’s put Syfe Cash+ Guaranteed in the spotlight compared to other cash management alternatives:
Cash+ Flexi
Money market funds (via Lion Global)- Not capital guaranteed
- No minimum term required, withdraw anytime
- No minimum funding amount
- Not SDIC insured
Cash+ Guaranteed
Fixed deposits (via HSBC)- Capital guaranteed
(subject to underlying bank risk) - 3 months term
- No minimum funding amount
- Not SDIC insured
Fixed Deposit Account
Bank Fixed Deposit (Direct)- Capital guaranteed
(subject to underlying bank risk) - Term varies
- Funding amount varies
- SDIC up to S$75K
*Fixed deposit account benchmarks are taken by Syfe from the highest 3-month tenor rates offered by Singapore banks, including promotional rates. Reference taken on 28 August, 2023.
Understanding Risks: Syfe Cash+ Guaranteed
While your capital and returns are guaranteed, it’s important to note that all investments carry some level of risk. Investment capital and returns are guaranteed but are subject to underlying bank risk. The bank account used to manage your funds is insured by the Singapore Deposit Insurance Corporation (SDIC) for up to S$75,000. However, this coverage isn’t applicable on an individual client basis.
That being said, given that the funds within your Cash+ Guaranteed portfolio are invested in fixed deposits with banks subject to rigorous regulations by the Monetary Authority of Singapore (MAS), this portfolio is considered to be very low risk.
Furthermore, all client funds in Syfe Cash+ are held in a separate custodian account with HSBC Institutional Trust Services (Singapore) Limited, ensuring the safety of your funds even in the unlikely event of Syfe’s cessation of operation since they are held separately from Syfe’s assets.
Wait, Zero Fees?! How does Syfe make money from this?
Ah, here comes the “I thought there was no free lunch” question…
How does Syfe manage to offer these competitive rates without charging fees? The answer lies in securing competitive rates from bank providers and taking a small margin from the rate offered by the bank before extending it to retail investors. This allows Syfe to fulfil its commitment to deliver exceptional products and an unparalleled user experience.
Guidesify’s Two Cents on Cash+ Guaranteed
No cap, Syfe Cash+ Guaranteed is kinda basic AF, but it’s still a vibe. We think it’s the best way to get some cash without any drama.
Casual investors, like us, may have started back in 2020 but eventually grew weary of the constant market volatility and the need for constant research.
Cash+ Guaranteed cannot enter at a better time than now…with a return rate of 3.7% per annum, it is pretty lit if you ask us. You can invest however much you want, whenever you want. No caps, no hoops, just straight-up flexibility. It’s a game-changer, for real. No more of that wild ride you get with traditional investment products. Just sit back, relax, and watch your money do its thing.
The best part? Let’s be honest, who has time to open and switch bank accounts without end to get the most out of their savings without risk?
Not us, that’s for sure.
Too manual.
Final Words
Syfe Cash+ Guaranteed is a promising addition to the endless options being offered to Singaporeans these days.
It offers guaranteed returns, flexibility, and convenience without the need for complex criteria.
While it’s not without a tinge of risk, its innovative approach to cash management makes it a compelling choice for those looking to optimize their savings.
Before you dive in, remember that it’s always wise to do your due diligence and consult with a financial advisor if you have specific financial goals and needs. Syfe Cash+ Guaranteed offers an exciting opportunity, but it’s essential to make an informed decision that aligns with your financial strategy.
Related to Syfe Cash+ Guaranteed:
Introducing Syfe Income+: A new way to maximise returns on fixed-income investments
