Best Cash Management Accounts In Singapore To Soup Up Your Savings (2025)

Birthed as an alternative solution to high-yield savings accounts, here’s a side-by-side comparison of the cash management accounts available in Singapore. 

Savings accounts have traditionally been the go-to option to keep our hard-earned cash. If you’re savvy enough, you’d opt for a high-yield savings account, hit the qualifying criteria, and earn yourself bonus interest rates. 

However, especially in today's low interest rate environment, savings accounts and fixed deposits don't provide enough flexibility to those who want to preserve and grow cash sustainably. 

Enter cash management accounts, sometimes also termed as cash management solutions. 

Cash management accounts offer a place to store idle cash, while offering decent yields and liquidity. They are a fairly recent addition. StashAway Simple was launched in July 2022, Endowus Cash Smart in June 2020, and Syfe Cash+ in January 2021.

These were quickly followed by similar products offered by online brokerages as well as independent companies such as Chocolate Finance that reimagine what cash managed accounts can do for the average saver.

In this article, we'll compare eight different providers offering cash managed accounts in Singapore, as well as take a look at what's new in the space. 

NEW: Chocolate Finance

Chocolate Finance stands out from the crowd with its refreshingly simple take. It's a cash management account that lets you grow your money with no lock-ins and no hoops to jump through. You will earn returns daily, which you can see right on the app.

Furthermore, you can deposit and withdraw your money at any time, although withdrawals will need a few business days to complete (your holdings need to be sold before you can cash out).

Using the included Chocolate VISA Debit Card, you can also spend your balance and be rewarded with HeyMax miles, or diversify your cash into USD to take advantage of favourable forex trends.

Here's how Chocolate Finance works in a nutshell:

• Interest:
  • SGD - 2.5% p.a. on first S$20,000, 2.2% p.a. on next S$30,000, target 2.2% p.a. on amounts thereafter
  • USD - 4.3% p.a. on first USD$20,000, 4% p.a. on next S$30,000, target 4% p.a. on amounts thereafter
• Currencies: SGD, USD
  • Deposits and withdrawals in SGD only, but you can convert between currencies on the app in just a few taps
• Minimum amount: No minimum deposit, but note that balances below a certain threshold will not earn returns
• Fees: None by Chocolate Finance, although funds management fees apply. Returns displayed are net of fund management fees. 

Chocolate Finance special features

Top-up Programme

Chocolate Finance supports your efforts to grow your cash with its Top-up Programme that works on the first $50,000 in each of your SGD and USD balances. It ensures you earn the stated returns, and Chocolate Finance makes up for any shortfalls in returns. Balances exceeding $50,000 will enjoy market returns without top-up support.

Here's what you can expect to earn on your cash with Chocolate Finance (as at Aug 2025, rates subject to change):

Note that the Top-up Programme is available during the Qualifying Period from now until 31 December 2025, or until the total funded amount across the platform reaches S$1.5 billion, whichever comes first.

Earn HeyMax Miles with the Chocolate VISA Debit Card

Another unique feature not offered by other cash management accounts on the list is that Chocolate Finance lets you earn rewards when you spend your balances. 

Your account comes with a Chocolate VISA Debit Card that earns 1 HeyMax Mile per dollar spent up to S$1,000 per month, and 0.4 miles per dollar thereafter. Bill payments earn miles too, capped at 100 miles per month.

Additionally, the Chocolate VISA Debit Card makes for a handy travel card. It offers zero FX fees on foreign currency transactions, so you can enjoy rates close to what you see on Google.

To sum up, Chocolate Finance is a fuss-free solution made for everyone who wants to put their idle cash to work for them, earning higher returns. The prospect of earning miles while you spend, as well as zero FX fees for overseas transactions simply make for a sweeter deal. 

Best cash management accounts in Singapore

How much returns can you expect from cash management accounts?

*Info accurate as at 19 Aug 2025. Returns shown are net of fees. Do keep in mind that projected returns are not guaranteed and are subject to change at any time. Furthermore, as your money is put into the underlying funds, the returns you receive are ultimately dependent on the market situation. 

Moneybull by Webull

Moneybull takes the concept of a cash management account and applies it to cash balances in a trading account. This means that you can earn returns on the money sitting in your trading account as you wait for the right trading opportunities to present themselves.

Here's how Moneybull works:

• Interest: Up to 4.18% p.a. 7-day yield
• Currency:
  • Cash account: USD
  • Margin account: SGD and USD
• Auto-subscription: Available
• Minimum amount: S$10 or US$10
• Fees and charges: None by Webull, fund management fees may apply

Here's what's exciting about Moneybull: You can still use your funds to trade, even if they have been allocated to Moneybull.

Webull does this by adding 99% of the market value of your Moneybull position to your Buying Power for trading purposes. Should you require more funds to settle your trade, your Moneybull position will be redeemed.

In summary, Moneybull provides investors with the opportunity to make their cash work for them round the clock -- with no disruption to planned trades. This could well be the ideal fix to the opportunity cost of letting your cash sit idle.

Mari Invest

Mari Invest is a cash management solution offered by MariBank. Unlike most of the others on the list, Mari Invest currently offers access to just one investment fund -- Lion-MariBank SavePlus SGD. 

According to its prospectus, this fund seeks to provide higher yields on your Singapore Dollar deposits while maintaining low risk and providing high liquidity. It does so by investing in a broadly diversified portfolio of debt instruments and short-term money market instruments, along with other collective investment schemes.

As at Aug 2025, Mari Invest offers 2.60% p.a. in projected returns. 

A minimum of S$1 is required to start investing, but there is no minimum to earn interest. There is a 0.25% p.a. management fee charged, but your returns are net of the management fee.  

One notable feature of Mari Invest is its Instant Withdrawal. For amounts up to S$10,000, withdrawals are processed instantly. Amounts more than S$10,000 will be settled by the same day if withdrawal is before 7.30am, or by the next business day otherwise.    

Syfe Cash+ Flexi

The latest entrant to the cash management solution space is Syfe’s Cash+ Flexi account. Offering a projected return ranging from 2.3% p.a. to 4.2% p.a., it’s an attractive option for those looking to maximise their savings. 

Cash management accounts are considered low risk, but if you're particularly risk averse, you might consider Syfe's Cash+ Guaranteed, which offers guaranteed returns of between 1.6% p.a. to 4.35% p.a., with short 1-, 3-, 6- and 12-month terms -- akin to traditional fixed despsits.

To put your money in Syfe Cash+ Flexi, you don’t need to invest in any other Syfe portfolio. However, if you are signing up via a referral, do keep in mind that the referral incentives are only for Syfe’s investment portfolios, not Syfe Cash+ Flexi (as Cash+ doesn't incur any management fees).

Check out our full review of Syfe here.

Endowus Cash Smart

Endowus is the first robo-advisor that allows you to invest not just cash and Supplementary Retirement Scheme (SRS) funds, but also your CPF money. This means that those looking to earn more than the 2.5% p.a. you’re getting in your CPF Ordinary Account now have the option of investing this money in the likes of funds that track the S&P 500 index and more. 

There are three different Cash Smart accounts for you to choose from:

• Secure: 2% to 2.2% p.a. projected returns after fees
• Enhanced: 2.7% to 2.9% p.a. projected returns after fees
• Ultra: 2.9% to 3.1% p.a. projected returns after fees

Endowus Cash Smart (Secure) is the safest option of the three, though you have the flexibility to, well, enhance your returns with Endowus Cash Smart (Enhanced). Finally, Endowus Cash Smart (Ultra) is self-explanatory for the most part, boasting the highest projected returns out of all three accounts.

All Endowus Cash Smart options come with a small access fee of 0.05% p.a. You won’t need to invest with their investment portfolios before you can use Endowus Cash Smart. Furthermore, the S$10,000 min. initial investment of old has now been lowered to S$1,000 till further notice.

Check out our full review of Endowus here.

StashAway Simple and Simple™ Plus

The ‘OG’ of cash management accounts, StashAway Simple is not new to the market. Earning a projected 2.7% p.a, StashAway Simple does not impose a minimum deposit amount and there is no management fee charged.

There is also StashAway Simple™ Plus, which offers a higher projected rate of 4.9% p.a. yield to maturity on your first S$6,000 (with amounts thereafter earning the prevailing return rate). 

Both StashAway Simple and StashAway Simple™ Plus are offered to all users, even if you’re not yet investing with StashAway.

New investors embarking on your investment journey can also tap on the free resources StashAway provides.

Check out our full review of StashAway here.

FSMOne Auto-Sweep

Almost like a ‘wallet’ for investors using the FSMOne platform to make trades, FSMOne AutoSweep serves as a storage space for idle money, sweeping your excess cash such as sales proceeds, bond maturities, dividends, coupons into the account. The latest net yield is SGD: 1.844% p.a., USD: 3.665% p.a. and CNH: 1.273% p.a., as of Aug 2025.

The Auto-Sweep account is a discretionary portfolio managed by FSM that is diversified across cash, money market funds and short duration bond funds. This helps to preserve your capital and even allows your funds to earn higher returns while staying liquid.

Besides the Auto-Sweep account, FSM is an investment platform that provides investors with access to:

• Global unit trusts and mutual funds
• Local and global bonds
• Stocks on the Singapore, Hong Kong and US market
• Managed portfolio services
• Insurance products

The funds in your Auto-Sweep account can be used to pay for the purchase of funds, stocks, bonds and ETFs without lag time.

Tiger Vault

Tiger Vault is a cash management account by Tiger Brokers. It aims to provide yields that are higher than savings accounts and fixed deposits, and invests in conservative assets such as money market funds and government bonds which carry very little risks. Though, note that the returns aren't guaranteed. 

Currently, it offers a return of up to 4.5% p.a., but keep in mind that the interest rate is updated regularly and may change according to market conditions so the returns aren't guaranteed. 

To access Tiger Vault, you need to have a Tiger Brokers account. Tiger Vault has a multi-currency vault which allows you to select the mutual funds in SGD and USD. 

The list of mutual funds in SGD include:

• Phillip Money Market Fund "A"
• Fullerton SGD Cash Fund "A" Acc
• United SGD Money Market

As for fees, there are no fees for subscription, redemption or interest. But there are various expense ratios for the underlying funds. There's also no minimum investment amount. 

There's also an auto-sweep feature which allows you to sweep uninvested cash into the Tiger Vault, allowing you to maximise the returns on your idle cash. Moreover, this feature also lets you maintain your purchasing power as the funds will be used for trading instead of letting is sit idly in your account.  

Go one step further - invest your idle cash

Cash management accounts are exemplary for growing your savings. It also makes an easy, less daunting entry into the world of investing, particularly with robo-advisors.

A simple question to ask yourself: Do you really need this cash to be liquid? If you find yourself not relying on that cash in your bank account (or even forgetting the account exists), perhaps you’re missing out on the opportunity to invest these funds instead.

While their investment services could come with higher risk compared to their cash management accounts, remember that you have the option to select a portfolio that is tailored for your risk appetite and financial goals.

 

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