{"id":69049,"date":"2023-04-20T15:00:31","date_gmt":"2023-04-20T07:00:31","guid":{"rendered":"https:\/\/nomoneylah.com\/?p=69049"},"modified":"2023-08-02T20:22:22","modified_gmt":"2023-08-02T12:22:22","slug":"stashaway-simple-review","status":"publish","type":"post","link":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/","title":{"rendered":"StashAway Simple Review: The Fixed Deposit (FD) Killer?"},"content":{"rendered":"\n<p>Fixed Deposit, or FD, has always been people\u2019s go-to way to save or deposit extra cash. The problem is, it locks your money in for a long period of time, or requires a high initial deposit to start with.<\/p>\n\n\n\n<p><strong>In this article, let\u2019s look into StashAway Simple, a great alternative to FD.<\/strong> Personally, I\u2019ve been using StashAway Simple since mid-2020, and in this post, let\u2019s explore if StashAway Simple is for you!&nbsp;<\/p>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662c2ab842d5a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-662c2ab842d5a\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#Highlights_of_StashAway_Simple\" title=\"Highlights of StashAway Simple\">Highlights of StashAway Simple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#How_does_StashAway_Simple_work\" title=\"How does StashAway Simple work?\">How does StashAway Simple work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#Is_StashAway_Simple_safe_to_use\" title=\"Is StashAway Simple safe to use?\">Is StashAway Simple safe to use?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#StashAway_Simple_Performance_Fees_Charges\" title=\"StashAway Simple Performance, Fees &amp; Charges\">StashAway Simple Performance, Fees &amp; Charges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#4_things_I_like_about_StashAway_Simple\" title=\"4 things I like about StashAway Simple\">4 things I like about StashAway Simple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#Risks_What_you_need_to_know_before_investing_in_StashAway_Simple\" title=\"Risks + What you need to know before investing in StashAway Simple\">Risks + What you need to know before investing in StashAway Simple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#Improvement_2_Improvements_Needed_for_StashAway_Simple\" title=\"Improvement: 2 Improvements Needed for StashAway Simple\">Improvement: 2 Improvements Needed for StashAway Simple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#Eligibility_is_StashAway_Simple_for_you\" title=\"Eligibility + is StashAway Simple for you?\">Eligibility + is StashAway Simple for you?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#StashAway_Simple_or_Versa_or_KDI_save\" title=\"StashAway Simple or Versa or KDI save?\">StashAway Simple or Versa or KDI save?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#StashAway_Referral_Link_Code_P-NOMONEYLAH-MY\" title=\"StashAway Referral Link &amp; Code: P-NOMONEYLAH-MY\">StashAway Referral Link &amp; Code: P-NOMONEYLAH-MY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#No_Money_Lahs_Verdict_Simple_is_the_New_Breakthrough\" title=\"No Money Lah\u2019s Verdict: Simple is the New Breakthrough\">No Money Lah\u2019s Verdict: Simple is the New Breakthrough<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-highlights-of-stashaway-simple\"><span class=\"ez-toc-section\" id=\"Highlights_of_StashAway_Simple\"><\/span>Highlights of StashAway Simple<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>StashAway Simple (or &#8216;Simple&#8217;) is a cash management offering from <a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2021\/04\/02\/stashaway-review\/\">robo-advisor<\/a> StashAway. It provides users competitive returns like FD, but without the troublesome restrictions:<\/p>\n\n\n\n<ul>\n<li><strong>Regulated:<\/strong> StashAway Simple is regulated by the Securities Commission (SC) of Malaysia.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><strong>Competitive Return:<\/strong> <strong>Through Simple, users can earn up to 3.8% interest per annum, which is comparable to the rates of Fixed Deposit (FD).<\/strong><\/li>\n<\/ul>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><strong>Low Risk:<\/strong> The underlying fund of Simple is the <strong>Eastspring Investment Islamic Income Fund<\/strong>. <strong>It is a Shariah-compliant fund that invests in very low-risk money market funds.<\/strong><\/li>\n<\/ul>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><strong>Flexible &amp; Low Barrier of Entry:<\/strong> Malaysians aged 18 and above can start saving or <a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2019\/01\/10\/5-differences-between-investing-trading-that-experts-may-not-tell-you\/\">investing<\/a> via Simple. There is no minimum on how much you need to save with Simple. Withdraw anytime without being charged penalty fees.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/08\/SA-Simple-Promo-2023-IG-CTA-Aug-2023.jpg\"><img decoding=\"async\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/08\/SA-Simple-Promo-2023-IG-CTA-Aug-2023-819x1024.jpg\" alt=\"\" class=\"wp-image-75043\" width=\"505\" height=\"631\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/08\/SA-Simple-Promo-2023-IG-CTA-Aug-2023-819x1024.jpg 819w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/08\/SA-Simple-Promo-2023-IG-CTA-Aug-2023-240x300.jpg 240w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/08\/SA-Simple-Promo-2023-IG-CTA-Aug-2023-768x960.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/08\/SA-Simple-Promo-2023-IG-CTA-Aug-2023-350x438.jpg 350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/08\/SA-Simple-Promo-2023-IG-CTA-Aug-2023.jpg 1080w\" sizes=\"(max-width: 505px) 100vw, 505px\" \/><\/a><figcaption class=\"wp-element-caption\">StashAway Simple Review &#8211; Get up to 3.8% p.a. on your savings with StashAway Simple!<\/figcaption><\/figure><\/div>\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA\" style=\"background-color:#fe842d\" target=\"_blank\" rel=\"noreferrer noopener\">Start Investing with StashAway Today!<\/a><\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_does_StashAway_Simple_work\"><\/span>How does StashAway Simple work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>So, how exactly is Simple able to deliver returns that are on-par with FD?<\/p>\n\n\n\n<p><strong>All of this is possible because Simple invests users\u2019 cash into money market funds (MMF). <\/strong><\/p>\n\n\n\n<p><strong>MMFs are funds that invest in Fixed Deposits and highly liquid, short-term cash equivalent instruments called Money Market Instruments.<\/strong><\/p>\n\n\n\n<p>Essentially, Money Market Instruments are short-term debts issued by banks in order to accumulate short-term cash-pile to make up for the shortfall in their daily deposit reserve.<\/p>\n\n\n\n<p>Simply put, MMFs are lending money to banks when they buy these Money Market Instruments.&nbsp;These instruments are relatively low-risk as they are backed by banks. Moreover, they are highly liquid with short maturity periods.<\/p>\n\n\n\n<p>Through regular redemption of matured Money Market Instruments, it allows MMF to provide a similar rate to FDs without having to lock up users\u2019 capital.<\/p>\n\n\n\n<p>For Simple, the underlying MMF that they invest in is the <strong><a href=\"https:\/\/www.eastspring.com\/my\/funds-and-solutions\/fund-listing\/fund-details?fundcode=E026\" target=\"_blank\" rel=\"noreferrer noopener\">Eastspring Investment Islamic Income Fund<\/a>, which is a Shariah-compliant money market fund.&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>In short, through Simple, you can earn a similar rate to FD through low-risk MMF without having to lock up your funds, unlike conventional FDs. <\/strong><\/p>\n\n\n\n<p><strong>It is a great choice if you are looking for a competitive and flexible alternative to FDs.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"521\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-1024x521.jpg\" alt=\"StashAway Simple review\" class=\"wp-image-74651\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-1024x521.jpg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-300x153.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-768x391.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-350x178.jpg 350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023.jpg 1253w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Get up to 3.8% p.a. on your savings via StashAway Simple.<\/figcaption><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_StashAway_Simple_safe_to_use\"><\/span>Is StashAway Simple safe to use?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>When it comes to regulation, Simple is <a href=\"https:\/\/www.stashaway.my\/security\">regulated by the Securities Commission (SC) of Malaysia<\/a>.<\/strong> This ensures that Simple is always operating in Malaysia as per the guideline from the local authority.<\/p>\n\n\n\n<p><strong>As for the safety of funds, your funds in Simple are held by a third party (trustee), which is Deutsche Trustees Malaysia Bhd.<\/strong> <\/p>\n\n\n\n<p>In other words, your deposits to Simple are separate from StashAway\u2019s company finances. As such, this ensures no deposits can be used for fraudulent purposes and you will always have full access and claim to them no matter what happens to StashAway.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"StashAway_Simple_Performance_Fees_Charges\"><\/span>StashAway Simple Performance, Fees &amp; Charges<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>StashAway Simple does not charge any platform or service fee to users. That said, the underlying MMF, <strong><a href=\"https:\/\/www.eastspring.com\/my\/funds-and-solutions\/fund-listing\/fund-details?fundcode=E026\" target=\"_blank\" rel=\"noreferrer noopener\">Eastspring Investment Islamic Income Fund<\/a><\/strong>, does charge reasonable annual fees, as shown below:<\/p>\n\n\n\n<ul>\n<li>Annual Management Fee: -0.25%<\/li>\n\n\n\n<li>Annual Trustee Fee: -0.04%<\/li>\n\n\n\n<li><strong>Annual Projected Return AFTER fees &amp; rebate: 3.8%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>A thing worth noting is that StashAway does get fee rebate from Eastspring, likely due to the size of capital that StashAway Simple can channel to the fund (p.s. just my opinion). <\/p>\n\n\n\n<p>As such, when Eastspring rebates StashAway, they\u2019ll re-distribute this full rebate to users.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/07\/SA-Simple-Rebate.png\"><img decoding=\"async\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/07\/SA-Simple-Rebate.png\" alt=\"SA Simple Rebate\" class=\"wp-image-71284\" width=\"353\" height=\"669\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/07\/SA-Simple-Rebate.png 405w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/07\/SA-Simple-Rebate-158x300.png 158w\" sizes=\"(max-width: 353px) 100vw, 353px\" \/><\/a><figcaption class=\"wp-element-caption\">StashAway channels the fee rebate that they get from the fund managers back to the users.<\/figcaption><\/figure><\/div>\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA\" style=\"background-color:#fe842d\" target=\"_blank\" rel=\"noreferrer noopener\">Start Investing with StashAway Today!<\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Next question: Are there any fees when you withdraw your funds from StashAway Simple?<\/h3>\n\n\n\n<p><strong>Unlike FDs, there are no charges when you withdraw your funds from StashAway.<\/strong> Withdrawals are expected to be reflected within 3-4 business days.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_things_I_like_about_StashAway_Simple\"><\/span>4 things I like about StashAway Simple<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">#1 Returns on par with conventional Fixed Deposits (FDs)<\/h3>\n\n\n\n<p>Through Simple, returns are compounded daily and interest payout is made every month, which is re-invested into user\u2019s fund.<\/p>\n\n\n\n<p><strong>All of this combined, through its underlying Eastspring Investment Islamic Income Fund, Simple projects about 3.8% return per annum (after fees) for users.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023.jpg\"><img decoding=\"async\" width=\"1024\" height=\"521\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-1024x521.jpg\" alt=\"StashAway Simple review\" class=\"wp-image-74651\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-1024x521.jpg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-300x153.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-768x391.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023-350x178.jpg 350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/new-stashaway-promo-April-2023.jpg 1253w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Get up to 3.8% p.a. on your savings via StashAway Simple.<\/figcaption><\/figure>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">#2 Flexible &amp; low barrier of entry<\/h3>\n\n\n\n<p>There are 2 things that I absolutely love with Simple:<\/p>\n\n\n\n<ul>\n<li><strong>Low barrier of entry: There is no minimum amount to start using Simple.<\/strong> Meaning, you can start investing or saving with Simple with any amount you want.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><strong>Flexible: There are no charges to open a StashAway Simple account.<\/strong> In addition, you can withdraw your funds anytime and there are no fees on withdrawal.<\/li>\n<\/ul>\n\n\n\n<p>Combined, both these features make a compelling edge against typical FDs. <\/p>\n\n\n\n<p>Reason being, FDs usually have higher minimum deposits &amp; they tend to lock in users for a period of time (and charge a penalty for early withdrawals).<\/p>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">#3 Integration with StashAway main investment ecosystem<\/h3>\n\n\n\n<p>Another reason why I enjoy using StashAway is its seamless savings (StashAway Simple) and investment (StashAway) integration.<\/p>\n\n\n\n<p><strong>So, let\u2019s say you have RM50,000 in cash and would like to invest them. However, you do not want to invest the whole RM50,000 at once and would like to spread it over time (dollar-cost average).<\/strong><\/p>\n\n\n\n<p><strong>Through StashAway app, you can place your funds in Simple (low-risk + earn stable interest), then automate a weekly or monthly transfer from Simple to your main StashAway investment portfolio.<\/strong><\/p>\n\n\n\n<p>I think this is a brilliant feature from StashAway, which makes it the most versatile robo-advisor at the moment.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/205627994_343140290555056_5064480892922896533_n.jpg\"><img decoding=\"async\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/205627994_343140290555056_5064480892922896533_n.jpg\" alt=\"SA Simple Transfer from Simple to main Portfolio\" class=\"wp-image-71274\" width=\"323\" height=\"494\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/205627994_343140290555056_5064480892922896533_n.jpg 405w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/205627994_343140290555056_5064480892922896533_n-196x300.jpg 196w\" sizes=\"(max-width: 323px) 100vw, 323px\" \/><\/a><figcaption class=\"wp-element-caption\">Users can shift funds flexibly from Simple to their main StashAway investment portfolio.<\/figcaption><\/figure><\/div>\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">#4 Intuitive user experience<\/h3>\n\n\n\n<p>As an app catered for the general public, StashAway is really simple to use.<\/p>\n\n\n\n<p>Even if you need any help, StashAway\u2019s customer support is one of the best I\u2019ve ever experienced when it comes to financial products.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/SA-Simple-in-the-app.jpg\"><img decoding=\"async\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/SA-Simple-in-the-app.jpg\" alt=\"SA Simple in the app\" class=\"wp-image-71270\" width=\"325\" height=\"563\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/SA-Simple-in-the-app.jpg 403w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2021\/06\/SA-Simple-in-the-app-173x300.jpg 173w\" sizes=\"(max-width: 325px) 100vw, 325px\" \/><\/a><figcaption class=\"wp-element-caption\">Simple can be accessed easily from the StashAway app.<\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Risks_What_you_need_to_know_before_investing_in_StashAway_Simple\"><\/span>Risks + What you need to know before investing in StashAway Simple<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In this part, let\u2019s explore 3 things that you need to be aware of while investing your money with Simple:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Market risk<\/h3>\n\n\n\n<p><strong>While being a relatively stable instrument, investing in Money Market Fund (MMF) via Simple still presents exposure to market risk.<\/strong><\/p>\n\n\n\n<p>One such risk is the fluctuation in interest rate. For instance, if Bank Negara Malaysia (BNM) increases interest rate, MMF is likely going to generate higher returns. On the other hand, if BNM reduces interest rate, it\u2019ll also affect the returns of MMF as a result.<\/p>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">2. Not protected by PIDM<\/h3>\n\n\n\n<p>While investing in Simple, it is important to remember that your funds deposited on StashAway are not protected by Perbadanan Insurans Deposit Malaysia (PIDM).<\/p>\n\n\n\n<p>PIDM is an organization that protects deposits kept in banks and financial institutions that are a member of PIDM. <strong>Conventional bank FDs are usually protected by PIDM.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Improvement_2_Improvements_Needed_for_StashAway_Simple\"><\/span>Improvement: 2 Improvements Needed for StashAway Simple<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Having been a Simple user since its launch, I think there are 2 improvements needed for Simple to compete with competitors like Versa:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Automatic scheduled transfer<\/h3>\n\n\n\n<p><strong>One thing that puzzled me with StashAway is, I can schedule a routine transfer to my normal StashAway investment portfolio from my bank account, <em>but<\/em> I cannot do so for Simple. &nbsp;<\/strong><\/p>\n\n\n\n<p>I think having the convenience for users to automate their deposits every week\/month into Simple should be a fundamental feature.<\/p>\n\n\n\n<p>While I enjoy using Simple, I think this improvement will make StashAway a more solid financial app.<\/p>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">2. Withdrawal speed<\/h3>\n\n\n\n<p>StashAway Simple has a 3-4 business days withdrawal speed. While this is reasonable, it falls behind competitors like <a href=\"https:\/\/nomoneylah.com\/2021\/06\/18\/versa-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">Versa<\/a> that has a 1-2 business days withdrawal.<\/p>\n\n\n\n<p>I think this is a space that StashAway can improve on as well.<\/p>\n\n\n\n<p><strong>READ: <a href=\"https:\/\/nomoneylah.com\/2021\/06\/18\/versa-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">Versa Review: A Great Alternative to Fixed Deposits (FD)!<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_is_StashAway_Simple_for_you\"><\/span>Eligibility + is StashAway Simple for you?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>The minimum age required to open an account with StashAway is 18 years old.<\/strong> Meaning, even young Malaysian adults can start building good financial habits by saving\/investing from their phones \u2013 neat!<\/p>\n\n\n\n<p>That said, is StashAway Simple for you?<\/p>\n\n\n\n<p>To answer this question, it is best to first know what Simple is NOT:<\/p>\n\n\n\n<ul>\n<li>Simple does not invest in stocks\/equities (ie. Higher risk assets). Hence, do not expect mutual fund-like returns.<\/li>\n\n\n\n<li>Simple does not guarantee returns. Even though it invests in low-risk MMF, returns are still subjected to market fluctuation.<\/li>\n<\/ul>\n\n\n\n<p><strong>Hence, in my opinion, Simple is great for:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>People looking for a <em>flexible<\/em> alternative to FD &amp; typical savings account.<\/strong><\/li>\n<\/ul>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><strong>People looking to save for a specific goal (eg. house, car, wedding)<\/strong><\/li>\n<\/ul>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><strong>People with additional cash and want to save it for the short-term<\/strong><\/li>\n<\/ul>\n\n\n\n<div style=\"height:2px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul>\n<li><strong>People with a stash of cash looking to invest, but would like to spread the investment across time. (StashAway &amp; StashAway Simple is perfect for this)<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"StashAway_Simple_or_Versa_or_KDI_save\"><\/span>StashAway Simple or Versa or KDI save?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>In terms of offering, StashAway Simple\u2019s closest competitor is certainly <a href=\"https:\/\/nomoneylah.com\/2022\/03\/28\/kdi-save-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">KDI Save<\/a> and <a href=\"https:\/\/nomoneylah.com\/2022\/03\/23\/versa-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">Versa<\/a>.<\/strong> Both offer users flexible and low barrier access to MMF that pays competitive FD-like rates.<\/p>\n\n\n\n<p>I think this comparison deserves a full article on its own so I\u2019ll attach a link here (it&#8217;s up!) when I come out with a comparison article real soon!&nbsp;<\/p>\n\n\n\n<p>Personally, I use StashAway Simple, Versa, and KDI Save to save for different purposes and I am happy with them as an alternative to FD (I think you will, too!).<\/p>\n\n\n\n<p><strong>READ: <a href=\"https:\/\/nomoneylah.com\/2021\/07\/09\/best-fixed-deposit-alternatives\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Ultimate FD-Killer Showdown: StashAway Simple vs Versa vs KDI Save vs TNG GOinvest!<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"StashAway_Referral_Link_Code_P-NOMONEYLAH-MY\"><\/span>StashAway Referral Link &amp; Code: P-NOMONEYLAH-MY<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>No Money Lah is working with StashAway to bring new users an exclusive 50% off your fees for the first RM100,000 invested for 6 months.<\/strong><\/p>\n\n\n\n<p>Since it is Simple is free to use, this deal is applicable if you eventually use StashAway robo-advisor portfolio to invest.<\/p>\n\n\n\n<p>To be eligible for this deal, sign up for your StashAway account through my referral link <a href=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA\" target=\"_blank\" rel=\"noreferrer noopener\">HERE<\/a> (or apply code &#8216;<strong>P-NOMONEYLAH-MY<\/strong>&#8216;). (or <a href=\"https:\/\/www.stashaway.sg\/ref\/no-money-lah-sg-617648f8-c244-41cb-b1a0-fc1f789c077d\" target=\"_blank\" rel=\"noreferrer noopener\">HERE<\/a> if you are from Singapore)<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA\" style=\"background-color:#fe842d\" target=\"_blank\" rel=\"noreferrer noopener\">Start Investing with StashAway Today!<\/a><\/div>\n<\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/02\/Step-1-invest-now-1024x682.png\" alt=\"EXCLUSIVE: Use my referral link to get 6 months FREE management fee up to RM100,000 invested!\" class=\"wp-image-70865\" width=\"668\" height=\"444\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/02\/Step-1-invest-now-1024x682.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/02\/Step-1-invest-now-300x200.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/02\/Step-1-invest-now-768x512.png 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/02\/Step-1-invest-now.png 1217w\" sizes=\"(max-width: 668px) 100vw, 668px\" \/><\/a><figcaption class=\"wp-element-caption\">EXCLUSIVE: Use my referral link to get 6 months FREE management fee up to RM100,000 invested!<\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n<h2><span class=\"ez-toc-section\" id=\"No_Money_Lahs_Verdict_Simple_is_the_New_Breakthrough\"><\/span><span class=\"font-555555\"><strong>No Money Lah\u2019s Verdict: Simple is the New Breakthrough<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:paragraph --><span class=\"font-500830\">With the rise of innovations in the financial solution space, it is refreshing to keep seeing new, innovative products from robo-advisor platforms like StashAway.<\/span><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><strong><span class=\"font-500830\">In many ways, in the financial services industry, Simple is indeed the new breakthrough that consumers need. With Simple, everyday consumers can enjoy returns on par with FD without the typical restrictions.&nbsp;<\/span><\/strong><\/p>\n<p><!-- \/wp:paragraph --><!-- wp:paragraph --><\/p>\n<p><span class=\"font-500830\">Personally, I have always enjoyed using StashAway, and<\/span><span class=\"font-500830\">&nbsp;I highly suggest you to check it out too!<\/span><\/p>\n<p><!-- wp:buttons --><\/p>\n<div class=\"wp-block-buttons\"><!-- wp:button {\"style\":{\"color\":{\"background\":\"#fe842d\"}},\"className\":\"aligncenter\"} --><p><\/p>\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA\" style=\"background-color:#fe842d\" target=\"_blank\" rel=\"noreferrer noopener\">Start Investing with StashAway Today!<\/a><\/div>\n<p><!-- \/wp:button --><\/p>\n<\/div>\n<p><!-- \/wp:buttons --><\/p>","protected":false},"excerpt":{"rendered":"<p>Fixed Deposit, or FD, has always been people\u2019s go-to way to save or deposit extra cash. The problem is, it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":74653,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[341,347],"tags":[317,331,348,204,219,222,225,235],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.5 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>StashAway Simple Review: The Fixed Deposit (FD) Killer? - No Money Lah<\/title>\n<meta name=\"description\" content=\"Through its underlying AmIncome Fund, StashAway Simple projects about 3.8% return per annum for users. This makes Simple a great alternative to FD.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"StashAway Simple Review: The Fixed Deposit (FD) Killer?\" \/>\n<meta property=\"og:description\" content=\"Through its underlying AmIncome Fund, StashAway Simple projects about 3.8% return per annum for users. This makes Simple a great alternative to FD.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/\" \/>\n<meta property=\"og:site_name\" content=\"No Money Lah\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T07:00:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-02T12:22:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Chin Yi Xuan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chin Yi Xuan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/\"},\"author\":{\"name\":\"Chin Yi Xuan\",\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\"},\"headline\":\"StashAway Simple Review: The Fixed Deposit (FD) Killer?\",\"datePublished\":\"2023-04-20T07:00:31+00:00\",\"dateModified\":\"2023-08-02T12:22:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/\"},\"wordCount\":1828,\"commentCount\":9,\"publisher\":{\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\"},\"image\":{\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg\",\"keywords\":[\"versa\",\"kdi save\",\"fixed deposit (FD)\",\"Stashaway\",\"emergency fund\",\"stashaway simple\",\"money market fund\",\"savings\"],\"articleSection\":[\"Money &amp; Everyday Finance\",\"Robo-Advisors\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/\",\"url\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/\",\"name\":\"StashAway Simple Review: The Fixed Deposit (FD) Killer? - No Money Lah\",\"isPartOf\":{\"@id\":\"https:\/\/nomoneylah.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg\",\"datePublished\":\"2023-04-20T07:00:31+00:00\",\"dateModified\":\"2023-08-02T12:22:22+00:00\",\"description\":\"Through its underlying AmIncome Fund, StashAway Simple projects about 3.8% return per annum for users. This makes Simple a great alternative to FD.\",\"breadcrumb\":{\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#primaryimage\",\"url\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg\",\"contentUrl\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg\",\"width\":1600,\"height\":800,\"caption\":\"StashAway Simple 2023 review - Get up to 4.1% on your cash!\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nomoneylah.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"StashAway Simple Review: The Fixed Deposit (FD) Killer?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nomoneylah.com\/#website\",\"url\":\"https:\/\/nomoneylah.com\/\",\"name\":\"No Money Lah\",\"description\":\"Taking Adulthood Head-On!\",\"publisher\":{\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nomoneylah.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\",\"name\":\"Chin Yi Xuan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/DSC04263-Edit.jpg\",\"contentUrl\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/DSC04263-Edit.jpg\",\"width\":1080,\"height\":1350,\"caption\":\"Chin Yi Xuan\"},\"logo\":{\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/image\/\"},\"description\":\"Hi there! I am Yi Xuan. I am a writer, personal finance &amp; REIT enthusiast, and a developing trader with the goal to become a full-time funded trader. Every week, I write about my personal learnings &amp; discovery about life, money, and the market.\",\"url\":\"https:\/\/nomoneylah.com\/author\/chinyixuan\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"StashAway Simple Review: The Fixed Deposit (FD) Killer? - No Money Lah","description":"Through its underlying AmIncome Fund, StashAway Simple projects about 3.8% return per annum for users. This makes Simple a great alternative to FD.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/","og_locale":"en_US","og_type":"article","og_title":"StashAway Simple Review: The Fixed Deposit (FD) Killer?","og_description":"Through its underlying AmIncome Fund, StashAway Simple projects about 3.8% return per annum for users. This makes Simple a great alternative to FD.","og_url":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/","og_site_name":"No Money Lah","article_published_time":"2023-04-20T07:00:31+00:00","article_modified_time":"2023-08-02T12:22:22+00:00","og_image":[{"width":1600,"height":800,"url":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg","type":"image\/jpeg"}],"author":"Chin Yi Xuan","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Chin Yi Xuan","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#article","isPartOf":{"@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/"},"author":{"name":"Chin Yi Xuan","@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98"},"headline":"StashAway Simple Review: The Fixed Deposit (FD) Killer?","datePublished":"2023-04-20T07:00:31+00:00","dateModified":"2023-08-02T12:22:22+00:00","mainEntityOfPage":{"@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/"},"wordCount":1828,"commentCount":9,"publisher":{"@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98"},"image":{"@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#primaryimage"},"thumbnailUrl":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg","keywords":["versa","kdi save","fixed deposit (FD)","Stashaway","emergency fund","stashaway simple","money market fund","savings"],"articleSection":["Money &amp; Everyday Finance","Robo-Advisors"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/","url":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/","name":"StashAway Simple Review: The Fixed Deposit (FD) Killer? - No Money Lah","isPartOf":{"@id":"https:\/\/nomoneylah.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#primaryimage"},"image":{"@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#primaryimage"},"thumbnailUrl":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg","datePublished":"2023-04-20T07:00:31+00:00","dateModified":"2023-08-02T12:22:22+00:00","description":"Through its underlying AmIncome Fund, StashAway Simple projects about 3.8% return per annum for users. This makes Simple a great alternative to FD.","breadcrumb":{"@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#primaryimage","url":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg","contentUrl":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2023\/02\/SA-Simple-2023-review-art-Apr-2023.jpg","width":1600,"height":800,"caption":"StashAway Simple 2023 review - Get up to 4.1% on your cash!"},{"@type":"BreadcrumbList","@id":"https:\/\/nomoneylah.com\/2023\/04\/20\/stashaway-simple-review\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nomoneylah.com\/"},{"@type":"ListItem","position":2,"name":"StashAway Simple Review: The Fixed Deposit (FD) Killer?"}]},{"@type":"WebSite","@id":"https:\/\/nomoneylah.com\/#website","url":"https:\/\/nomoneylah.com\/","name":"No Money Lah","description":"Taking Adulthood Head-On!","publisher":{"@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nomoneylah.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98","name":"Chin Yi Xuan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/image\/","url":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/DSC04263-Edit.jpg","contentUrl":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/DSC04263-Edit.jpg","width":1080,"height":1350,"caption":"Chin Yi Xuan"},"logo":{"@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/image\/"},"description":"Hi there! I am Yi Xuan. I am a writer, personal finance &amp; REIT enthusiast, and a developing trader with the goal to become a full-time funded trader. Every week, I write about my personal learnings &amp; discovery about life, money, and the market.","url":"https:\/\/nomoneylah.com\/author\/chinyixuan\/"}]}},"modified_by":"Chin Yi Xuan","_links":{"self":[{"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/posts\/69049"}],"collection":[{"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/comments?post=69049"}],"version-history":[{"count":24,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/posts\/69049\/revisions"}],"predecessor-version":[{"id":75044,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/posts\/69049\/revisions\/75044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/media\/74653"}],"wp:attachment":[{"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/media?parent=69049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/categories?post=69049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/tags?post=69049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}