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Gone are the days of 4% risk-free yields from or . But the good days aren’t over yet! Cash Management Accounts (CMA) combine the best of both worlds: higher yields and liquidity. These accounts, often offered by brokers or , let you access your funds easily if you decide to trade.  Perfect for maximizing short-term yields while keeping your cash accessible, CMAs may require opening an investment account, but there’s no pressure to trade. Just park your spare cash and enjoy the sweet returns! I’ve compiled the best Cash Management Accounts in Singapore, as of 17 June 2024, into a table here. Take note that I’ve only included SGD yields. These yields tend to fluctuate on a 7-day basis, you can check the latest yields by tapping on the links provided in the table. Another key roboadvisor in Singapore, Endowus also offers three cash management accounts for its clients. They are:  Offering the highest yields, Endowus’ Cash Smart Ultra invests in a diverse portfolio of money market funds and short duration bonds: With exposure to short duration bond funds, you should be comfortable with sharper drawdowns and higher volatility in terms of yields if you’re investing in this. Fees of 0.44% are applicable, and projected yields reflected are after fees. You can choose to transfer your funds in cash or use your SRS funds to invest in the Endowus’ Cash Smart Ultra cash management account. The Endowus Cash Smart Enhanced account invests these underlying funds: This provides lower risks compared to the Ultra account while providing higher yields. The fee is at 0.42% p.a. You can choose to transfer your funds in cash or use your SRS funds to invest in the Endowus’ Cash Smart Enhanced cash management account. According to Endowus, this option allows you to grow your cash via some of the best performing money market funds in Singapore: The Secure account was designed to offer good yields with maximal capital preservation, and has a 0.35% fee. You can choose to transfer your funds in cash or use your SRS funds to invest in the Endowus’ Cash Smart Secure cash management account. Endowus shares the latest projected yields . StashAway is one of the oldest , having been in the scene since 2016. The company offers three cash management account options for you to grow your cash, depending on your risk appetite: The StashAway Simple Plus offers a 4.5% yield, after fees. Currently, it generates yields by investing in these underlying funds: More funds invested generally means higher management fees. This option comes with a 0.4% p.a. fee of which half goes to the underlying fund managers and the other half goes to StashAway. You can choose to park your spare cash or your SRS funds in StashAway’s Simple Plus cash management account for higher rates. Yields may be more volatile due to exposure to short term bond rates, so make sure you’re comfortable with short term volatility if you’re considering this! To counter this, StashAway recommends parking your cash in here for at least 12 months. If you prefer to park your cash where yields are more stable, StashAway offers its Simple cash management account with a projected yield of 3.7% p.a. after fees. StashAway Simple holds these underlying funds:  It charges a management fee of about 0.3% p.a. Like the Simple Plus, you can choose to put cash or SRS funds into the StashAway Simple account. This option has the lowest risks and invests in a range of fixed deposits offered by banks regulated by the MAS.  At the point of writing, the StashAway Simple Guaranteed offers: You can use both cash and SRS funds to invest in StashAway’s Simple Guaranteed cash management account. But remember, due to its structure, this account functions more like a fixed deposit than a typical cash management account. You will not be able to withdraw your funds during the tenor! The main advantages to considering this option are that there is no minimum deposit, and you can use it to grow your SRS funds. You can see StashAway’s latest yields on its cash management accounts . MariBank is a digital bank by . The company partnered up with LionGlobal to offer its cash management account; Mari Invest SavePlus (not to be confused with the that is offering a 2.88% yield). Mari Invest SavePlus gives you access to the Lion-MariBank SavePlus fund, which invests  mainly in MAS Bills (around 60%) and high-quality bond funds, with the aim of generating higher yields while keeping overall portfolio risk low.  If you already have funds in your MariBank Savings Account, you can transfer them into your Mari Invest account easily within the Maribank app.  Although there is a fund management fee of 0.25% p.a. (discounted to 0.125% p.a till 30 Jun 2024), there are no transaction fees nor minimum deposit. The projected return of 3.87% p.a. is based on the past 4-week return. You can find Mari Invest SavePlus’ latest yield . Another roboadvisor offering cash management accounts, Syfe keeps it simple with two options for you to choose from:  Syfe’s Cash+ Flexi gives you exposure to these underlying funds: The account has a management meet of 0.05% – 0.15% p.a. Syfe also offers a similar cash management account for USD.  At the point of writing, Syfe only accepts cash investments. This option invests in fixed deposits offered by Singapore banks. Currently there are three to choose from:  Unlike regular fixed deposit accounts, Syfe’s Cash+ Guaranteed doesn’t have a minimum investment amount, so you can start with as little as $1. You’ll however, only be able to withdraw your cash after the lock-in period.  You can see Syfe’s latest yields . Phillip’s SMART Park allows clients to park their excess funds in the Phillip Money Market Fund for higher returns while maintaining liquidity. This fund generates yields by holding a portfolio of high quality, short term debt instruments like treasury bills and certificates of deposits. It also holds a mix of fixed deposits and cash. The underlying money market fund has a fee of 0.49% per annum, but there is no additional withdrawal fee or maintenance fee for using the SMART Park account. POEMS also offers the SMART Park account for USD, you can find the latest yields and information . . Offered by , the Cash Plus account allows you to park your cash in the Fullerton SGD Cash Fund for a yield that’s about 3.34% p.a. If you have USD, you can also choose to invest in the USD money market fund within your Cash Plus account: You can redeem your Cash Plus at any time and use the funds immediately to invest. Cash withdrawal takes about 1 to 3 business days depending on your bank. Currently, Moomoo is also offering a higher yield of 6.8% p.a. to new users, for up to 30 days. This promotion is limited for the first S$80,000 per user. You can learn more about Moomoo’s Cash Plus account , available for USD too. iFast Auto-Sweep is a service that allows users to grow their cash in a higher yield-earning conservative portfolio that holds:  There are some things to note when you’re using the iFast Auto-Sweep account: iFast also offers its Auto-Sweep cash management account for USD and CNH, you can learn more . Tiger Brokers offers the Tiger Vault that allows investors to earn a yield of ~2.4% on their idle money. If you are a and have spare cash in your account, you can now activate your vault and let your money grow while you wait for the perfect entry on stocks in your watchlists. The Tiger Vault lets you park your cash in any of these funds:  After activating your Tiger Vault, you’ll have to activate the Auto-Sweep function, then you get to choose the fund you prefer: Tiger Vault also allows you to park your USD in several mutual funds, you can learn more . Do note that Tiger Vault requires 1 working day to process redemptions. Cash withdrawal takes another 1 to 3 business days depending on your bank. You don’t have to be dismayed by lower risk-free rates, the cash management accounts I’ve shared above may offer alternatives for you to put your cash to work more efficiently.  Although they are mostly offered by brokers, they remain pretty accessible – all you need to do is to create an account and park your cash. If you’re reading our blog, you probably have an account with at least one of these brokers or banks, which makes it even more convenient for you. READ MORE READ MORE