Syfe has launched Cash+ Enhanced with a projected net yield of up to 3.0% per annum.
The Singapore dollar product invests in a diversified portfolio of short-duration bond funds.
It has no lock-in period or minimum deposit and will be available to all Syfe users from 18 August 2026.
Syfe designed the product for funds that investors do not expect to need for the next one or two years.
A Syfe survey found that 86% of respondents were dissatisfied with the yields and features of their existing cash management solutions or open to an alternative.
No lock-in period was a reason to switch for 66% of respondents, while 64% cited meaningfully higher yields.
Flexible withdrawals were the main draw of short-duration bond products for 74% of respondents.
Ritesh Ganeriwal, Head of Investment at Syfe, said,
“With Singapore’s six-month T-bill yield dropping from above 4% at the end of 2021 to below 1.6% today, investors face a trade-off between lower returns or higher interest-rate risk.
For instance, a 10-year government bond offers just over 2.3%, merely 0.7 percentage points above a six-month T-bill, yet with roughly 18 times the interest-rate risk. Cash+ Enhanced bridges this gap, enabling investors to maximise their ‘soon’ money without compromising on liquidity or risk management.”
Cash+ Enhanced expands Syfe’s existing cash management range.
The Singapore-headquartered digital wealth platform manages more than US$10 billion in assets across Asia-Pacific.
Featured image: Edited by Fintech News Singapore, based on image by Who is Danny via Magnific
