Syfe Cash+ Guaranteed: 3.8% P.A. Returns With S$20 Sign-up Bonus
Want a relatively low-risk way to invest your savings with a fixed return? Syfe’s newest product – Cash+ Guaranteed – is an interesting proposition for funds you are sure you will not touch for the next 3 months.
3.7% 3.8% p.a. with no hoops or requirements
Update: Syfe Cash+ Guaranteed rate is increased to 3.8% p.a. for those locked in from 20th October 2023 onwards.
Syfe Cash+ Guaranteed is offering a fixed 3.7% 3.8% p.a. return for a period of 3 months. You do have to lock up your funds for the 3 months, but there is no other requirement to fulfil. It’s hence a very fuss-free way of putting aside funds that you are pretty sure you have no use for over the next 3 months.
If you are new to Syfe (i.e. no Syfe Trade/Wealth), you even get a S$20 sign-up bonus if you place at least S$10,000. I would count this sign-up bonus as extra returns to the tune of approximately 0.8% p.a. for a placement of S$10,000. That makes this product extra compelling for those who are not existing users of Syfe. Update: refer to sign-up box below for latest promo
The bonus is credited to your Syfe Cash+ Guaranteed portfolio upon maturity after the 3-month lock-in period is over. Sign up latest 30th September 2023 31st December 2023 to qualify, and stay subscribed to the Telegram for further updates on savings promos and other great deals.
Syfe
Launched in Singapore in 2019, Syfe is licensed by the Monetary Authority of Singapore (MAS) to transform the way people invest and manage their money.
🎁 Syfe Brokerage
Sign up with link by 31st August 2025 and complete the following steps: Update: Syfe has ended the promo prematurely. Stay subscribed for updates.
- Sign up for a Syfe Brokerage account and complete the know-your-customer (KYC) verification process
- Apply the code
SETHISFYduring the Promotion Period - Make a one-time deposit of S$2,000 or more in fresh funds into your Syfe Brokerage account within 30 days
- Maintain a minimum balance of S$2,000 in your Brokerage account for at least 30 calendar days from the date of the deposit
Meet the requirements and receive one share of DBS, OCBC, and UOB each!
⚠️ Important Notes
- Make sure code
SETHISFYis applied. - Make sure to deposit into Syfe Brokerage (found under Trade tab) NOT Syfe Wealth (found under Invest tab)
- Only a one-time deposit of S$2,000 or more. Multiple smaller deposits that add up to S$2,000 do not meet the requirement.
- You may be disqualified from receiving the reward if your balance falls below S$2,000 during the 30-day period due to withdrawals or transfers.
- Shares will be given by 31st October 2025.
For reference only; refer to exact details in terms and conditions
What exactly is Syfe Cash+ Guaranteed?
There has been a recent trend of roboadvisers and trading apps offering cash management funds with guaranteed rates, and Syfe Cash+ Guaranteed is pretty similar. Cash management funds typically invest in money market funds, with some even going into short-term bonds for potentially higher returns.
Syfe Cash+ Guaranteed, on the other hand, puts funds into fixed deposits from MAS-regulated banks. The company is currently doing so via HSBC.
So, it is technically still an investment product, and investors are exposed to the counterparty risk of the underlying bank that Syfe places the funds with. If HSBC goes belly up, Syfe Cash+ Guaranteed will be… not so guaranteed. Unlike fixed deposit customers, there is almost no protection from Singapore Deposit Insurance Corporation (SDIC).
Of course, whether the risk of a major bank going bust in the next 3 months is significant is something you have to decide on your own.
Conclusion
Having more choices is a great thing, and Syfe Cash+ Guaranteed is another option for those who want instruments to place idle funds in.
It’s not going to replace your UOB One or OCBC 360 accounts, but it could be a great place for excess funds. Personally, I have some funds in StanChart e$aver that would find their way here.
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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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