A common misconception is that a savings account’s entire balance will earn upwards of 3.5%. But, that’s almost never actually what the fine print says. Average savings accounts have confusing tiered interest rates that require customers to satisfy multiple criteria, including salary credits, credit cards, and minimum monthly expenditures. And, fixed deposit accounts have rates that range from 1.5% to 2.1% p.a., but lock up deposits for up to 12 months.
On the contrary, being a cash management portfolio, StashAway Simple™ allows customers to enjoy a 1.2% projected rate without any lock-up period and minimum deposit. Customers can even make deposits in both USD and AED.
StashAway Management (DIFC) Limited is regulated by the DFSA (license number F006312) for the provision of arranging custody, arranging deals in investments, advising on financial products, and managing assets, with a retail endorsement.
StashAway Management (DIFC) Limited (registration number CL 3982) is established in the DIFC pursuant to the DIFC Companies Law. Its registered address is Unit 1301, Level 13, Emirates Financial Towers, P.O. Box 507051, Dubai International Financial Centre, Dubai, United Arab Emirates.