How is StashAway Simple™ Projected Rate Calculated?
StashAway Simple™ 's projected returns are driven by the rate of returns of its underlying investments, net of all expenses and rebates.
StashAway Simple™ allocates 100% of its assets to the Emirates NBD Islamic Money Market Fund (“MMF”).
StashAway Simple™ returns are the sum of the amortised yield from the underlying funds, minus fees charged by the fund managers, plus any rebates.
We'll review the projected rate weekly, and if there is a change in the return to one decimal place precision, we will notify our customers. (i.e., 1.x%).