Cash management accounts in Singapore: Endowus, FSMOne, Moomoo, and more

We all know that leaving your savings in a run-of-the-mill POSB savings account isn't going to get you very far, thanks to low base interest rates. 

High-interest savings accounts like the UOB One, DBS Multiplier and OCBC 360 can offer better returns-but only if you're willing to jump through multiple hoops such as salary crediting, card spending and bill payments.

Meanwhile, Singapore Savings Bonds (SSBs) and T-bills were delivering extremely attractive yields back in 2022, with some auctions hitting above four per cent. 

However, rates have since moderated as the interest rate environment shifted, and returns today are generally lower and more variable than they were at their peak. 

Fixed deposit rates have also eased, and your money is often locked up for months at a time, reducing your liquidity.

So what's the alternative, you might ask? Fortunately, there is one: cash management accounts. This popular middle ground offers a fuss-free way to earn potentially higher returns on your idle cash, while still keeping your funds relatively accessible.

1. Summary of cash management accounts in Singapore: Project returns, minimum deposits, and more

*Please note that rates change and are not guaranteed. Figures above were verified against each provider's own site between late May and late July 2026-see the individual sections below for the exact date on each.

2. What are cash management accounts and how do they work?

A cash management account is an alternative to a regular checking or savings account, usually offered by non-bank companies. You can store your cash in these accounts, grow your money in them, and withdraw cash whenever you like. 

That may sound like a traditional savings account to you, but there are some differences. Firstly, cash management accounts are non-bank accounts. 

So while your UOB One savings account is with the bank UOB, your Endowus Cash Smart cash management account is with Endowus, a wealth management platform which funds are in turn processed by UOB Kay Hian. 

Secondly, the main advantage of cash management accounts is that they tend to offer attractive interest rates compared to bank accounts and more importantly, are relatively fuss-free. 

You don't have to spend X amount on your credit card, credit your salary, or take up a new insurance policy just to hit a higher interest rate.

Other than better interest rates, another advantage of parking your money in a cash management account rather than a high interest savings account is that there are fewer restrictions on withdrawals. 

With the latter, there's a minimum balance you must keep. Your interest rate can suffer if you make withdrawals and your bank account balance falls below a certain amount.

Let's take a look at the biggest cash management accounts in Singapore.

3. StashAway

StashAway is a well-known robo-advisor in Singapore that offers automated investments, with three cash management options to choose from depending on how much certainty and liquidity you want.

*Rates as of 20 Jul 2026 and not guaranteed.

StashAway Simple Fixed

StashAway's fixed-term cash management option. Unlike Simple, which allows you to withdraw anytime, Simple Fixed locks in your funds for a one-month tenure in exchange for a fixed rate-you'll know exactly what you're getting before you commit, and there's no volatility risk since the rate is fixed net of fees.

• Minimum deposit: None-you can start with any amount.
• Minimum balance: None.
• How to invest: Cash or SRS. Funding within an hour via eGIRO Fast or PayNow, or two to four days via manual transfers or SRS.
• Liquidity: one-month lock-in. After the portfolio matures, your balance is credited in cash and you can reinvest, transfer, or withdraw your funds.

StashAway Simple

A cash management portfolio investing your idle cash into low-risk unit trusts. There's no minimum deposit or minimum balance, so you're free to put in as much or as little as you want. 

You can open two separate Simple portfolios-one funded with cash and one with your Supplementary Retirement Scheme (SRS) funds.

• Underlying funds: 30 per cent LionGlobal SGD Money Market Fund, 70 per cent LionGlobal SGD Enhanced Liquidity Fund.
• Earnings and fees: StashAway charges a 0.15 per cent p.a. management fee. The projected rate of 1.5 per cent p.a. is net of fees. Actual returns will vary and are not guaranteed.
• Liquidity: No lock-up period, so you can withdraw at any time. Withdrawals typically take about two to three business days for cash-funded portfolios, and about three to four  business days for SRS-funded portfolios.
• Minimum balance or deposit: None.

StashAway Simple Plus

A cash management portfolio designed to deliver higher projected returns than Simple by taking on a bit more risk. Like Simple, there's no minimum deposit or minimum balance, and you can invest using cash or SRS.

• Underlying funds: 20 per cent LionGlobal SGD Enhanced Liquidity Fund, 20 per cent Amova Short Term Bond Fund (formerly Nikko AM, renamed in 2025), and 60 per cent LionGlobal Short Duration Bond Fund. This broader mix introduces moderate volatility compared to Simple, in exchange for the potential for higher yields.
• Earnings and fees: StashAway charges a 0.2 per cent p.a. management fee for Simple Plus. The 2.6 per cent p.a. yield to maturity is published net of fees and will vary depending on market conditions.
• Liquidity: No formal lock-in period, but withdrawals typically take about four to six business days. Because the portfolio includes bond exposure, StashAway notes that Simple Plus is generally better suited for those who can stay invested for at least 12 months to ride out short-term fluctuations.
• Minimum balance or deposit: None.

4. Endowus Cash Smart-Secure, Enhanced, Ultra

Endowus is yet another robo-advisor that also has a cash management account, in the incarnation of Cash Smart.

There are three types of Endowus Cash Smart accounts on offer: Cash Smart Secure, Cash Smart Enhanced, and Cash Smart Ultra. Cash Smart Secure is the lowest risk, but also offers the lowest projected returns. 

All three options come with a 0.15 per cent p.a. Endowus platform fee, which is already reflected in the projected yields shown below.

*Projected returns are estimates and may change over time depending on market conditions. Yields as of June 30.

As expected, the portfolios with higher projected returns also come with higher volatility due to their underlying fund exposure. Cash funds are generally the lowest risk, followed by money market funds and short-duration bond funds. While Cash Smart Secure focuses on stability through low-risk funds, Cash Smart Ultra includes a broader mix for potentially higher-but more fluctuating-returns.

• Minimum deposit: To start, you need to invest S$1,000 with Endowus. Subsequently, each investment has to be at least S$100.
• Minimum balance: None.
• How to invest: You can use cash or your SRS to invest in Endowus Cash Smart.
• Liquidity: Cash withdrawals take about 2-4 working days, while SRS withdrawals are slightly longer at three to five working days. Funds are held via Endowus' appointed custodian (e.g. UOB Kay Hian), rather than directly with Endowus.

5. Syfe Cash+ Flexi

Syfe lets you invest your idle SGD or USD in its cash management solution, Syfe Cash+ Flexi, which-like StashAway and Endowus cash management portfolios-is eligible for funding via your Supplementary Retirement Scheme (SRS). Projected returns currently range from 1.6 per cent p.a. (SGD) to 3.8 per cent p.a. (USD).

Underlying funds

SGD:

• LionGlobal SGD Money Market Fund-30 per cent
• LionGlobal SGD Enhanced Liquidity Fund SGD Class I (Accumulation)-70 per cent

USD:

• JPMorgan Liquidity Funds USD LVNAV Select-50 per cent
• BNP Paribas InstiCash USD 1D LVNAV-50 per cent

Earnings and fees

Syfe Cash+ Flexi's projected returns vary based on market conditions and currency. The current published projected range is approximately 1.6 per cent p.a. for SGD portfolios, and up to 3.8 per cent p.a. for USD portfolios. Syfe applies a management fee of 0.05 per cent-0.15 per cent p.a. for SGD portfolios and 0.15 per cent-0.20 per cent p.a. for USD portfolios, depending on the amount invested and the portfolio you select. Projected returns shown are net of both management and fund-level fees and will fluctuate over time.

Liquidity

There is no lock-in period, and you can withdraw your funds at any time. If you submit a withdrawal request before 11 am (Singapore time) on a business day, Syfe typically aims to credit your cash by the next business day (by ~7 pm). Withdrawals submitted after the cutoff may take an extra business day.

Minimum balance or deposit

There is no minimum balance or deposit for SGD Cash+ Flexi. For USD Cash+ Flexi, there is a minimum investment of US$10,000 (or equivalent in SGD) when funding in USD.

6. FSMOne Auto-Sweep Account (SGD)

FSMOne is an online brokerage platform under iFAST. Its name comes from the fact that you can automate the transfer of all your spare cash (e.g. dividends, sales proceeds) from your FSM brokerage account into your Auto-Sweep account so it gets to earn interest. 

This section covers the SGD Auto-Sweep Account specifically-FSMOne also offers a separate USD version.

Plus, you can also use the funds in your Auto-Sweep Account to invest in unit trusts, bonds, stocks, and ETFs.

Underlying funds: The SGD Auto-Sweep Account invests into a diversified mix of high quality, conservative investment products, including an SGD money market fund and a short duration bond fund.

Earnings and fees: Its indicative current yield as of July 27 was 1.093 per cent p.a. This is derived after deducting FSMOne's management fee and fund-related fees, and is updated weekly, so it will fluctuate.

Minimum balance and deposit: While the minimum deposit is $50, there is no minimum account balance you need to maintain. However, you do have to ensure there is a monthly recurring top-up of at least $100.

Liquidity: The FSMOne Auto-Sweep Account has no lock-in period. You can withdraw your cash (minimum $50) within the same business day if you make your redemption by 10 am, making it one of the fastest cash management accounts on this list in terms of withdrawal.

9. Mari Invest

Mari Invest is MariBank's investing suite, open to Mari Bank customers, and now spans 4 curated funds rather than a single product. If you're for some reason resistant to joining Mari Bank, there's no way in to Mari Invest.

*There are no transaction, upfront, or withdrawal fees on any Mari Invest product-only the fund manager's annual management fee shown above, which is already factored into the daily unit price.

For cash management purposes, SavePlus remains the closest comparison to the other accounts on this list, since it's the lowest-risk, most liquid of the four:

Underlying fund: The Lion-MariBank SavePlus fund comprises mainly MAS Bills (over 60 per cent) and high-quality bond funds-a low-risk portfolio. You can check the fund information page on the MariBank app for the latest portfolio breakdown.

Earnings: 1.70 per cent p.a. as of 31 May 2026 (past one year).

Fees: No transaction fees, upfront fees, sales charge, or platform fees-only the 0.25 per cent p.a. management fee, which is already factored into each day's unit price.

Minimum initial deposit: Start from as small as just $1.

Liquidity: Withdrawals are instant (subject to limits), with funds credited back to your MariBank account.

Income, Gold, and Singapore Equity sit further along the risk spectrum-Income pays out monthly and carries more interest-rate sensitivity, while Gold and Singapore Equity are asset-class and equity exposures respectively, not cash management substitutes.

10. Moomoo Cash Plus

Moomoo Cash Plus is a cash management feature built into the Moomoo brokerage app. You put your idle cash into a money market fund, and it earns a small daily return while it waits to be invested.

Moomoo periodically runs limited-time promos advertising a boosted rate well above the fund's normal yield. These only apply for the first 30 days, up to a capped deposit amount, and both the rate and the cap change each time a new promo runs-so check the app for whatever's currently on offer rather than expecting a specific number.

The underlying fund might only be earning less than the rate promised-Moomoo simply tops up the difference for those first 30 days so you get the advertised rate. It's the same idea Chocolate Finance uses, just for a short promotional window instead of an ongoing programme.

Underlying funds: Fullerton SGD Cash Fund or CSOP USD Money Market Fund.

Earnings: Once the promo period ends, your return depends purely on the underlying fund's actual yield. Moomoo's own product page still advertises "up to 4.01 per cent p.a." for USD Cash Plus, but that number is based on fund performance from Aug 4, 2021 to Sept 25, 2025 — it's old, and hasn't been refreshed since. 

Check the live seven-day yield in the app instead of relying on that figure.

Fees: No subscription or redemption fees. The fund's own management costs are already factored into its returns.

Minimum initial deposit: Just $0.01.

Liquidity: Withdraw anytime, though it can take one to two business days to process.

11. Phillip SMART Park, Poems

Phillip Securities' Poems brokerage is one of Singapore's most well-known. Their version of a cash management account is called SMART Park. It's designed to park idle cash, such as dividends from your stockholdings that haven't been reinvested.

Earnings: The seven-day annualised return as of July 27 is 0.9404 per cent p.a. for SGD and 3.0760 per cent p.a. for USD.

Fees: There are no sales charges or administrative fees levied by Phillip on Smart Park returns. However, the underlying money market funds carry their own expense ratios, which are already factored into the published returns.

Underlying funds: Smart Park invests in Phillip Money Market Fund for SGD, and Phillip US Dollar Money Market Fund A for USD.

Minimum initial deposit and balance: To start earning returns on Smart Park, you need a minimum initial deposit of $10,000. After that, you must maintain at least S$100 in the account to continue receiving returns.

Liquidity: Smart Park has no lock-in period. If you submit a withdrawal request by 10 am on a business day, you can typically receive your cash on the same working day.

12. Chocolate Finance

Chocolate Finance currently offers a return of 2 per cent p.a. on your first $20,000, 1.8 per cent p.a. on your next $80,000, and up to 1.8 per cent p.a. on any amount above that. 

There's a USD account too, offering 4.1 per cent p.a. on your first US$20,000, 3.8 per cent p.a. on your next US$80,000, and up to 3.8 per cent p.a. thereafter.

These rates are supported by the Chocolate Top-Up Programme, which runs until Dec 31 or until the Chocolate Managed Account reaches $2 billion-whichever comes first. If the underlying portfolio underperforms during this period, Chocolate tops up the difference so you still get the stated return.

The underlying funds are short-duration fixed income and money market funds:

• Dimensional Short-Term Investment Grade Fixed Income SGD Fund (DSF)
• UOBAM United SGD Fund (USF)
• Fullerton Short Term interest rate SGD Fund (FST)
• LionGlobal Short Duration Bond SGD Fund (LGF)
• Amova Short Term Bond Fund (NST)

Your funds are held by custodians HSBC, State Street, BNP Paribas, and Citibank-not by Chocolate Finance itself. That means if (touch wood!) Chocolate were to shut down one day, your funds wouldn't go under with them.

How to invest with them: Cash. Chocolate Finance does not support SRS funding currently.

Fees: Chocolate Finance currently has no fees on the stated returns. To make money, they're banking on outperforming their target-once you've received the returns they promised, they take a fee of zero to twoper cent depending on how much the portfolio outperforms.

Liquidity: No lock-in period. Withdrawals of up to $20,000 are typically instant, while larger withdrawals may take three to 10 business days depending on processing and liquidity conditions.

13. Are cash management accounts protected by the SDIC?

When we talk about the safety associated with savings accounts, we often reference the Singapore Deposit Insurance Scheme (SDIC). 

This scheme insures up to $100,000 of your insured deposits per depositor per Scheme member, offering protection if an SDIC member bank or finance company fails. 

A bank closure is unlikely, but read our guide on what happens if your bank collapses overnight if you're really worried.

Cash management accounts are considered an investment product and not a bank deposit. Unfortunately, that means they are not covered by SDIC. If-touch wood-disaster were to strike your financial institution-there's a slight risk to your capital. That said, most cash management solutions hold client assets with independent custodians and in segregated accounts.

14. How safe are cash management accounts?

Cash management accounts can come with a level of risk, but this is typically quite low. Cash management accounts are generally considered lower risk than most investment products, but returns are not guaranteed and losses are still possible, especially during periods of market stress. Reasons for the low risk include:

Cash management accounts invest your funds in low-risk instruments like money market funds and short-term bonds

Most reputable cash management providers and the funds they offer are regulated under MAS' framework, although regulation does not eliminate investment risk

Such companies are typically backed and managed by larger banks or brokerages

For example, Endowus' funds are processed by UOB Kay Hian, a large brokerage firm that's backed by the UOB Group. When you deposit money into your Endowus Cash Smart account, it's UOB Kay Hian-not Endowus!-that holds your cash and processes the transactions you execute on the Endowus platform. If Endowus were to go down (touch wood), they won't be taking your money along with them.

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This article was first published in MoneySmart.