For the most up-to-date information on yields, please visit

We started Endowus on a mission to help people make the most out of their money, so they can live easier today, and better tomorrow and in the future. Today, thousands are invested with Endowus - across cash, CPF & SRS - in optimised portfolios designed for their wealth goals.

We are constantly listening to our clients, and working to make a positive impact on their wealth.

We hear people say cash is trash. We feel your pain. For cash sitting idle in your current or savings account earning very little, locked up in a fixed deposit, parked for an upcoming expense or a rainy day - your money should never sit idle.

Introducing Endowus Cash Smart - our brand-new innovative cash management solutions.

To us, being smarter with our cash means securely earning higher returns, with no lock ups, no limits & tiers, no penalties, and no fuss, all conveniently on the Endowus platform.

A cash management solution designed for you.

Endowus Cash Smart

Up to 2% projected yields.
Earn more in one month than you would in a whole year at the bank.

Daily accrual of interest returns.
Earn every day, with no penalties or restrictions.

No lock ups & unlimited transfers.
Take your money out when you need it, and with no added transaction costs.

Portfolios designed to preserve your principal capital with virtually no daily drawdowns.

Tailored for you.
Enjoy the flexibility of choice between two optimised portfolios so your cash is in your control, on your terms.

Low cost.
No sales fees. No transaction fees. Transparent and low annual Access Fee of 0.05% with 100% trailer fee rebates.

Assets securely held in your own name at UOB Kay Hian.
Singapore’s largest broker executes and custodises your assets, while you manage your account conveniently on the Endowus platform.

Managed by Singapore’s biggest money managers.
We don’t manage the money ourselves. We work with experts who have been managing cash for the biggest institutions for decades. For Cash Smart, your money is managed by Fullerton (a subsidiary of Temasek), UOB Asset Management (a subsidiary of UOB Group), and Lion Global (a member of OCBC Group).


Notes from the Endowus Investment Office:

  • What is Cash Smart?
  • A product tailored just for you
  • The fees - low, aligned & transparent
  • Transparency in historical returns and projected yields: The Endowus Way
  • What we envision Endowus Cash Smart to be for you

Read more: Cash Smart FAQs

What is Cash Smart?

Cash Smart is a secure way to grow your cash with higher yields, no lock ups, no limits & tiers, unlimited transfers, no penalties, no hidden charges, and no fuss.

It is the way to earn higher returns for your cash sitting in your current or savings account set aside for an upcoming expense. By investing in cash, money market and short duration bond funds, it is a flexible alternative to fixed deposits without the lock up. And a secure place to park your cash and salary before investing.

It allows for daily interest accrual and daily liquidity so you can deposit and withdraw whenever you want with no penalty or cost. You can do all this on the seamless Endowus digital wealth platform that also manages your investments for Cash, CPF and SRS - all in one place.

We came up with two options that we felt were the best combination of cash, money market and short duration fixed income funds to optimise your cash management needs:

  1. Cash Smart Core is for your cash that you need to manage in the near term. It is safer than Cash Smart Enhanced and is unlikely to ever have a day of negative performance. Its worst historical drawdown (negative return from peak to trough) was less than 0.2%. Cash Smart Core has a target return of 1%+ per annum.
  2. Cash Smart Enhanced is for the cash you need in the coming months. It has more volatility than Cash Smart Core but rarely has a period of negative performance. Its worst historical drawdown (negative return from peak to trough) was less than 1%. Cash Smart Enhanced has a target return of around 2% per annum.

We built the Cash Smart solutions with best-in-class funds in each category (cash, money market, and short duration bond funds) managed by the top three domestic money managers in Singapore (Fullerton, Lion Global, and UOB Asset Management).

For the most up-to-date yields, please click visit *See disclaimer below

Read more: How is the projected return range calculated for the Cash Smart Core and Enhanced portfolios? Why are the projected returns rates a range?

The numbers above are net projected yields - what you will earn on every dollar deposited with Endowus Cash Smart after we have taken out all the fees and charges at the fund level, provided a 100% rebate of the trailer fees, and taken out very small Endowus Access Fee of 0.05% (the only money we make to help keep the lights on in our office).

With average interest rates on bank current or savings accounts, and even fixed deposits near zero, Cash Smart is a game-changer for your cash, and we hope you can benefit from its quality and efficiency.

Read more: Is Cash Smart as safe as a deposit at the bank? Is it insured by Singapore Deposit Insurance Corporation (SDIC)?

Source: DBS, MAS and Endowus Investment Office For the most up-to-date yields, please visit

With Cash Smart, there are no complicated requirements, no minimum credit card spends, no crazy interest rate tables, and no sneaky limits on what you can earn on your balance.

Earn Cash Smart’s full returns on any amount you deposit for any amount of time - 1 day, 1 week, 1 month, 1 year, or 1 decade.

We value transparency. There are no other hidden charges or fees. Transferring money in and out does not incur any charges. There are no account minimums, no maintenance or custody fees, or any other devious schemes to separate you from your money. We do not want to complicate your money, fleece you with all sorts of fees or make you jump through hoops to give you a little more in interest rates.

Endowus is always fighting for fair fees. There are no sales fees, no transaction fees, and 100% trailer fee rebates. Unlike all other fund platforms, we do not collect trailer fees or soft dollar payments from fund managers. We are only paid by you, the client we serve. With this aligned fee structure, we can continue to work in your best interest and continue to improve your investment outcomes and lower your costs.


A product tailored just for you

Endowus surveyed 325 respondents about their cash management habits. We found that 85% of Singaporeans are keen to explore cash equivalent options with a higher yield, even though most have not explored similar money market products before. Their key needs were liquidity, no lock-up, higher interest rates, and capital preservation.

This is consistent with qualitative surveys on our client base from mass wealth to ultra high net worth individuals, and also our family office and corporate business account clients. All cited similar struggles to manage their cash, and their needs have risen due to the rapidly falling interest rate environment.

Using the Singapore Savings Bond as an example, in just six months from January to June of 2020, we have seen yields drop by ~1% or more across the curve.

It is difficult to find stable and high yield. So we wanted to bring together the best combination of safety, liquidity and higher yields in a cash management solution for you, our clients.

We created Cash Smart to solve this problem. We were fed up with fixed deposits locking our money up and not giving us any options to get the money out without a penalty, low interest on our current accounts, all the hoops and hurdles we had to go through to get that extra 0.1% on our savings deposits, and the super low SRS interest rates of 0.05%. So we did what Endowus does best: we thought out of the box and created something that we ourselves would love to have as an option to put our money in.

Endowus Cash Smart’s portfolios are made of funds managed by Fullerton Fund Management (a subsidiary of Temasek and also owned by NTUC), Lion Global Investors (a subsidiary of OCBC Group), and UOB Asset Management (a subsidiary of UOB Group), the three largest domestic fund managers in Singapore. By combining the best institutional fixed deposits, money market instruments and short term interest products, we have built two great high yielding solutions for our clients to meet their needs of safety and their desire for higher interest rates. This new offering allows Singaporeans to conveniently grow their cash while still remaining liquid.

Read more:

The fees - low, aligned & transparent

All Endowus costs include fund-level fees and Endowus access fees, nett of 100% trailer fee rebates so it is the actual annual total cost

Lower costs means higher returns. Committed to transparency and integrity, Endowus has worked hard to lower costs at every layer. Unlike other platforms that collect kick back payments from fund managers, we are only paid by you, the client we serve. For example, the fund-level fee of the Fullerton SGD Cash Fund is 0.15% but 0.05% (or ⅓) of that goes back to the platforms like iFast or financial advisors that sold you the fund. For the UOBAM United SGD Fund, the fund-level fee is 0.67% and the rebate is 0.33% (or almost ½). We rebate 100% of this trailer fee back to you and also have no transaction-based fees, so we can work in your best interest, improve your investment experience and outcome, and lower your cost burden.

The trailer fee rebate is greater than the Endowus Access Fee so you know we are always adding value. Furthermore, we save costs to our clients by accessing the institutional class rather than the more expensive retail share class of the same funds.

Endowus has a charge of 0.05% per annum Access Fee based on your value deposited with Cash Smart. For example, if your Cash Smart account has S$10,000, we will transparently make S$5 from you for the whole year (the price of a cappuccino these days). This includes access to the unique cash solutions we have built, portfolio advice & creation, unlimited transactions, all at your convenience on the Endowus wealth technology platform.

Transparency in historical returns and projected yields: The Endowus Way

In our commitment to full transparency, Endowus will publish a regular updated projected yield at both the gross and net yield level for the Cash Smart Core & Enhanced solutions in the same way banks publish their deposit interest rates. The underlying funds have fluctuated month by month due to the unprecedented volatility we have seen in interest rates and spreads throughout this year. This level of volatility has not been seen since the 2008 global financial crisis. The three underlying funds have held up relatively well and the combination of the funds have worked well to shield the Endowus Cash Smart solutions from large fluctuations in yield. It is inevitable that the market interest rate falls have and will continue to impact yields, but we have probably seen the biggest moves down already. Our transparent yield projections and the use of a conservative range of returns will help clients to have a better picture of the expected yields of Endowus Cash Smart now and in the future.

* Since inception date of Nov 2018 for LionGlobal Enhanced Liquidity Fund. ‌‌Note: based on daily NAV numbers of underlying funds from Bloomberg as of 26 June 2020. Does not include trailer rebates.

What we envision Endowus Cash Smart to be for you

We want Cash Smart to be the go-to cash savings account for all Singapore-based investors. We want it to be a flexible, low cost and high yield cash management account available to all of us. It allows for easy deposit and withdrawal with unlimited free transfers. There are no lock-ups and all your transactions can be made seamlessly on the Endowus digital wealth platform. The Endowus platform directly links to your bank accounts so you can withdraw money whenever needed.

Endowus believes in providing accessibility, flexibility, and security when it comes to growing wealth. Clients can simply transfer and earn returns on any amount of cash they put into Cash Smart and earn returns on any amount they deposit, for any amount of time - 1 day, 1 month, 1 year, or 1 decade. Furthermore, through Endowus’ partnership with UOB Kay Hian, Singapore’s largest broker, client assets and investments are safely held in the client’s own name.

You can hold your cash positions in Cash Smart, and when you desire to make longer term investments, then you can do so across all sources, cash savings, CPF and SRS -- all in one place on the Endowus platform.

Endowus continues to bring new and innovative products and services, such as Cash Smart, at the lowest cost achievable in the industry. As with all of the Endowus offerings, Cash Smart gives users a fully digital, fuss-free sign-up experience using MyInfo within minutes from the comfort and safety of their own homes.

We will continue to listen to your feedback and improve our product and service offerings. We have a lot of exciting developments in the coming months that will further enhance your experience of money.


Please reach out to our MAS-licensed Representatives for any questions. You can schedule a live consultation with us or we can also be reached via email at

*Cash Smart is not a deposit product and is not guaranteed by the SDIC. Projected returns/yields are not guaranteed. Investment involves risk. Past performance is not an indicator nor a guarantee of future performance. As such, the capital value of investments and the income from them may go down as well as up and may become valueless. You should carefully consider whether any investment views and products/services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances or seek financial advice via Endowus’ platform. This advertisement has not been reviewed by the Monetary Authority of Singapore.