Earn a projected 4.5% p.a. on any amount
Future-proof your savings with StashAway Simple™.
StashAway Management (DIFC) Limited is regulated by the DFSA (license number F006312).
Stash your cash with no rules
- No minimum balance
- No limit on the amount that can earn the projected rate
- No management fees
- No investment, insurance, or salary requirements
How will you use Simple?
- Store your emergency fund
- Prepare for short-term liquidity needs
- Fund your StashAway investment portfolios
Growing your cash should be Simple
StashAway Simple™ | Banks |
|---|---|
No minimum balance to earn the projected rate. $1 or $1,000,000, it’s all the same to us. | Require a minimum balance to earn the basic rate. |
No requirements to meet to earn the full projected rate. | Require investments, insurance, salary crediting, and more to unlock the full rate. |
Where does your money go?
Pricing
Simple | |
|---|---|
Projected rate before fees | 4.9% |
Net fee charged by the underlying fund manager | 0.38% |
StashAway management fee | None! |
Projected rate after all the fees | 4.5% p.a. |
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Frequently Asked Questions
Why shouldn't I invest in these funds myself instead of having StashAway invest on my behalf?
We give you access to the Emirates NBD Islamic Money Market Fund at a low cost. With the MMF, we are using an institutional share class that has a lower total expense ratio (annual fee charged by the MMF's fund manager) than the retail share class available on FSM or anywhere else.
Do I need to invest with StashAway to have StashAway Simple™?
Nope! You can have just a StashAway Simple™ portfolio, if that's what works best for your financial plan.
How is StashAway Simple™ different from a fixed deposit account or savings account?
Unlike fixed deposit accounts that require a minimum lock-up period, you can withdraw from StashAway Simple™ at any time. And unlike traditional savings accounts, StashAway Simple™ doesn't have any tiered earnings structures or account activity requirements. Also, StashAway Simple™'s rate can vary, depending on the economic environment. In addition, your Simple portfolio is made up of ultra-low risk assets, but is not insured.
How risky is StashAway Simple™?
StashAway Simple™ is an investment, so there is a level of risk, but it’s incredibly low. We designed it to be an ultra low-risk cash management portfolio that invests in a money market fund.
Can the projected rate change?
Yes. Depending on economic conditions, StashAway Simple™'s projected rate may change, as its underlying funds are affected by economic health factors. Though, when applicable, our system will re-optimise your Simple portfolio to maintain the highest possible projected rate within a given economic environment. We'll review the projected rate continually, and notify you in case there's a change. The risk level to which your money is exposed will remain the same within StashAway Simple.