Best Cash Management Accounts in Singapore (Sep 2025)

It’s been almost a year since the Fed began cutting rates in September 2024. After two cuts, it has kept rates steady—but recent signals suggest a more dovish tone, with markets now pricing in further cuts by end-2025. The days of 4% yields from fixed deposits, T-bills or Singapore Savings Bonds are likely over —for now. But if you’re still looking to balance yield and liquidity, cash management accounts (CMAs) may be a smart alternative.

The Chocolate Finance withdrawal saga brought renewed attention to cash management accounts—and more importantly, the need to understand how they work. This incident highlighted how many investors don’t fully grasp the structure, risks, and mechanics behind these popular yield-generating products.

In this article, we break down what cash management accounts are, how they work, and what you should consider before parking your money in one—so you can make informed decisions and keep your cash working for you.

What are Cash Management Accounts

A Cash Management Account (CMA) is a hybrid financial account that combines features of a savings account, checking account, and investment account — typically offered by fintech platforms, brokerages, or robo-advisors rather than traditional banks. Here’s a look at the difference between CMA and traditional bank accounts:

Feature	CMA	Traditional Bank Account
Interest Rate	Typically higher	Typically lower
SDIC Protection	Often not covered	Covered up to S$100,000
Access to Funds	Usually liquid, some with delays	Instant access via ATM/card
Provider	Fintech/brokerage/robo platforms	Traditional banks
Investment Link	Often linked to funds	Not investment-linked

Cash Management Accounts offer a compelling alternative to traditional savings accounts. By allocating funds into low-risk instruments such as money market funds, T-bills, and short-term bonds, CMAs typically provide higher yields while maintaining liquidity, often with no lock-in periods.

These instruments are considered low risk due to their short maturities, strong credit ratings, and historical stability, making them less sensitive to market fluctuations compared to longer-term or higher-risk assets.

Many CMA platforms also include features like instant withdrawals, debit card access, and automated allocation, making it easy to keep your idle cash working without manual effort.

However, unlike regular bank savings accounts, CMAs are usually not SDIC-insured. That’s why it’s important to understand what you’re investing in—even when the risk appears low. That said, CMA platforms are regulated by MAS and typically ringfence client funds by placing them in segregated accounts with reputable financial institutions. This means your money is kept separate from the platform’s own funds, and is typically protected from creditors in the unlikely event the platform goes into liquidation.

To get started, you’ll typically need to open a trading or investment account, but there’s no pressure to trade actively. Whether you’re considering trades or just looking to park spare funds, CMAs make it easy to keep your cash working for you while staying accessible. So, while 4% risk-free yields may be out of reach, CMAs are here to help you keep your returns flowing.

Best Cash Management Accounts in Singapore (Sep 2025)

I’ve compiled the best Cash Management Accounts in Singapore, as of 9 Sep 2025, 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.

Platform	Cash Management Account	Projected Annual Yield (%) (*Net of fees)	Underlying Funds	Fees (Management Fee + Fund level Fees)	Type of Platform
Endowus	Endowus Cash Smart: Ultra	2.9% to 3.1% p.a.	10% Fullerton Short Term Interest Rate Fund  10% LionGlobal Short Duration Fund  10% PIMCO Low Duration Income Fund  15% Fullerton SGD Cash Fund  20% LionGlobal SGD Enhanced Liquidity Fund  35% UOB United SGD Fund	0.43% p.a.	Roboadvisor
Endowus	Endowus Cash Smart: Enhanced	2.7% to 2.9% p.a.	50% UOB United SGD Fund  30% LionGlobal SGD Enhanced Liquidity 20% Fullerton SGD Cash Fund	0.40% p.a.	Roboadvisor
Endowus	Endowus Cash Smart: Secure	2.0% to 2.2% p.a.	50% Fullerton SGD Cash Fund  50% LionGlobal SGD Enhanced Liquidity	0.31% p.a.	Roboadvisor
StashAway	StashAway Simple Plus	2.9% p.a.	20% LionGlobal SGD Enhanced Liquidity Fund  20% Nikko AM Shenton Short Term Bond Fund  60% LionGlobal Short Duration Bond Fund	0.36% p.a.	Roboadvisor
StashAway	StashAway Simple	2.5% p.a.	30% LionGlobal SGD Money Market Fund  70% LionGlobal SGD Enhanced Liquidity Fund	0.30% p.a.	Roboadvisor
StashAway	StashAway Simple Guaranteed	1.35% p.a. (1 month) 1.35% p.a. (3 months) 1.35% p.a. (6 months) 1.3% p.a. (12 months)	Fixed Deposits in Singapore Banks	nil	Roboadvisor
Maribank	Mari Invest SavePlus	2.09%	Lion-MariBank SavePlus fund	0.25% p.a.	Digital Bank
Syfe	Syfe Cash+ Flexi	2.2% – 2.3% p.a.	30% LionGlobal SGD Money Market Fund 70% LionGlobal SGD Enhanced Liquidity Fund	0.05% to 0.15% p.a.	Broker / Roboadvisor
Syfe	Syfe Cash+ Guaranteed	1.20% p.a. (1 month) 1.35% p.a. (3 months) 1.30% p.a. (6 months) 1.25 p.a. (12 months)	Fixed Deposits in Singapore Banks	nil	Broker / Roboadvisor
POEMS	Phillip Smart Park	1.3981%	Phillip Money Market Fund	0.49% p.a.	Broker
moomoo	Moomoo Cash Plus	2.0193%	Fullerton SGD Cash Fund		Broker
iFast	iFast Auto-Sweep	1.682%	iFAST SGD Enhanced Liquidity A SGD	0.05% per quarter	Broker
Tiger Brokers	Tiger Vault	~1.2% – 2.0% p.a.	Examples include:  Fullerton SGD Cash Fund  United SGD Money Market LionGlobal SGD Money Market LionGlobal SGD Enhanced Liquidity	Fund level fee only. Details below.	Broker
Chocolate Finance	Chocolate Managed Account	2.2% – 2.5% p.a	25% Dimensional Global Short Term Investment Grade Fixed Income Fund 35% UOBAM United SGD Fund 30% Fullerton Short term interest rate fund 10% Lion Global Short Duration Bond Fund	0 to 2% after target returns are met	Fund Manager

Endowus (2.0% – 3.1% p.a.)

Another key roboadvisor in Singapore, Endowus also offers three cash management accounts for its clients. They are: 

1. Ultra (2.9% to 3.1% p.a.)

Offering the highest yields for Endowus, their Cash Smart Ultra invests in a diverse portfolio of money market funds and short duration bonds:

• 10% Fullerton Short Term Interest Rate Fund 
• 10% LionGlobal Short Duration Fund 
• 10% PIMCO Low Duration Income Fund 
• 15% Fullerton SGD Cash Fund 
• 20% LionGlobal SGD Enhanced Liquidity Fund 
• 35% UOB United SGD Fund

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 0.43% are applicable, and projected yields are calculated as of 31 July 2025 and are after fees have been deducted.

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.

2. Enhanced (2.7% to 2.9% p.a.)

The Endowus Cash Smart Enhanced account invests these underlying funds:

• 50% UOB United SGD Fund 
• 30% LionGlobal SGD Enhanced Liquidity
• 20% Fullerton SGD Cash Fund

This provides lower risks compared to the Ultra account while providing higher yields. The fee is at 0.40% p.a. Projected yields reflected are calculated as of 31 July 2025 and are after fees.

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.

3. Secure (2.0% to 2.2% p.a.)

According to Endowus, this option allows you to grow your cash via some of the best performing money market funds in Singapore:

• 50% Fullerton SGD Cash Fund 
• 50% LionGlobal SGD Enhanced Liquidity

The Secure account was designed to offer good yields with maximal capital preservation, and has a 0.31% fee. Projected yields reflected are calculated as of 31 July 2025 and are after fees.

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 here.

---

StashAway (1.3% – 2.9% p.a.)

StashAway is one of the oldest roboadvisors in Singapore, 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:

1. StashAway Simple Plus (2.9% p.a.)

The StashAway Simple Plus offers a yield to maturity of 2.9%, after fees. Currently, it generates yields by investing in these underlying funds:

• 20% LionGlobal SGD Enhanced Liquidity Fund 
• 20% Nikko AM Shenton Short Term Bond Fund 
• 60% LionGlobal Short Duration Bond Fund

More funds invested generally means higher management fees. This option comes with a 0.36% p.a. fee of which 0.16% goes to the underlying fund managers and the remaining to StashAway. Projected yields reflected are calculated as of 18 July 2025.

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.

2. StashAway Simple (2.5% p.a.)

If you prefer to park your cash where yields are more stable, StashAway offers its Simple cash management account with a projected yield of 2.5% p.a. after fees.

StashAway Simple holds these underlying funds: 

• 30% LionGlobal SGD Money Market Fund 
• 70% LionGlobal SGD Enhanced Liquidity Fund

It charges a management fee of 0.30% p.a. Like the Simple Plus, you can choose to put cash or SRS funds into the StashAway Simple account. Projected yields reflected are calculated as of 18 July 2025.

3. StashAway Simple Guaranteed (1.3% – 1.35% p.a.)

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:

Tenor	Guaranteed rate (p.a.)
1 month	1.35%
3 months	1.35%
6 months	1.35%
12 months	1.3%

Fixed deposit rates continue to drop, affecting the rates offered by StashAway Simple Guaranteed.

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 here.

---

Mari Invest SavePlus (2.09% p.a.)

MariBank is a digital bank by SEA Limited. The company partnered up with LionGlobal to offer its cash management account; Mari Invest SavePlus (not to be confused with the MariBank Savings account that is offering a 1.28% p.a. interest, credited daily).

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., there are no transaction fees nor minimum deposit. The projected return of 2.09% p.a. is based on the past 4-week return as of 21 Aug 2025. You can find Mari Invest SavePlus’ latest yield here.

---

Syfe (1.2% – 2.3% p.a.)

Another roboadvisor offering cash management accounts, Syfe keeps it simple with two options for you to choose from: 

1. Cash+ Flexi (2.2% – 2.3% p.a.)

Syfe’s Cash+ Flexi gives you exposure to these underlying funds:

• 30% LionGlobal SGD Money Market Fund
• 70% LionGlobal SGD Enhanced Liquidity Fund

The account has a management meet of 0.05% – 0.15% p.a. Syfe also offers a similar cash management account in USD, which invests 100% in Money Market Funds. The USD account has a projected return of 4.2% – 4.3% after fees of 0.15-0.2%. However, investors should be aware of the foreign exchange currency risk associated with holding USD. Projected yields reflected are calculated as of 31 July 2025.

At the point of writing, Syfe accepts both cash and SRS investments for it’s Cash+Flexi SGD Portfolio.

2. Cash+ Guaranteed (1.2%-1.35% p.a.)

This option invests in fixed deposits offered by Singapore banks. Currently there are four to choose from: 

Tenor	Guaranteed rate (p.a.)
1 month	1.20%
3 months	1.35%
6 months	1.30%
12 months	1.25%

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. 

Syfe only accept cash for its Cash+ Guaranteed portfolio. You can see Syfe’s latest yields here.

---

Phillip SMART Park by POEMS (1.3981% p.a.)

Phillip’s SMART Park allows POEMS 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. Returns are based on the average rate of annualised returns over the last rolling week and is updated as of 8 September 2025.

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 and HKD, you can find the latest yields and information here. Open a POEMS account here.

---

Moomoo Cash Plus (2.0193% p.a.)

Offered by moomoo, the Cash Plus account allows you to park your cash in the Fullerton SGD Cash Fund for a yield that’s about 2% p.a. This is an indicative 7-day annualised yield and will change daily.

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.

You can learn more about Moomoo’s Cash Plus account here, available for USD too. Sign up here.

---

iFast Auto-Sweep (1.682% p.a.)

iFast Auto-Sweep is a service that allows users to grow their cash in a higher yield-earning conservative portfolio that holds: 

• 10% Cash
• 90% iFAST SGD Enhanced Liquidity fund

There are some things to note when you’re using the iFast Auto-Sweep account:

• There will be a 0.05% Auto-Sweep fee charged every quarter.
• A minimum of $50 will be require per top up or ‘sweep’
• You’ll need to withdraw a minimum of $50 

iFast also offers its Auto-Sweep cash management account for USD and CNH, you can learn more here.

---

Tiger Vault (~1.2-2% p.a.)

Tiger Brokers offers the Tiger Vault that allows investors to earn a yield of ~1.5 – 2.0% on their idle money. If you are a Tiger Broker user 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 a range of funds, some examples are:

Fund	Yield	Fund Management Fee
Fullerton SGD Cash Fund	2.0008%	0.16%
United SGD Money Market	1.2373%	0.25%, up to 2%
LionGlobal SGD Money Market	1.5690%	0.25%
LionGlobal SGD Enhanced Liquidity	2.0201%	0.35%

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 here.

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. Sign up here.

---

Chocolate Finance (2.2% – 2.5% p.a.)

Chocolate Finance offers a cash management account with no lock-in period. Do note that they are not licensed as banks/brokers and instead operates as an asset manager.

Chocolate Finance currently offers the following rates during the Qualifying Period*:

Amount	Guaranteed rate (p.a.)
first $20,000	2.5%
next $30,000	2.2%
>$50,000	2.2% Targeted Rate

No fees are charged until Chocolate Finance delivers the target return. Note that a fee of between 0 to 2% (depending on how much the portfolio outperforms) will be charged once the target return has been achieved.

Instant withdrawals are currently paused and will take 3-6 business days to be processed.

---

Your Cash Can Work Harder! 

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.

Note: This article contains affiliate links. We may receive a small commission if you sign-up after clicking on one of these links. Sign-up offers are offered by the brokerages and will vary. Always check for the latest offer.