What is the Risk of Using Syfe?

Syfe is licensed by MAS (Monetary Authority of Singapore) under Capital Markets Service License and as an exempt Financial Advisor. 

Syfe client assets are held in trust by custodians:

  • Cash Assets:  DBS & HSBC
  • Invested Assets:  Citibank (Syfe Wealth) & HSBC (Syfe Trade)

As a result, Syfe will never be able to use client funds for any reason, and the funds remain safe even if Syfe stops operating because they are held by custodians safely separated from Syfe corporate assets.

Click to see Syfe's statement on asset safety.

Syfe Treasury Assets belong under Syfe Wealth and are portfolios as follows:

  • Syfe SGD Cash+ Flexi is a portfolio of LionGlobal money market funds and is composed of a diversified investment portfolio with holdings in safe, low-risk assets such as institutional deposits, government and high-quality corporate bonds. 
    As of Dec 2023, the projected yield is 3.80% p.a.

  • Syfe USD Cash+ Flexi is a portfolio EFund & Ping An USD money market funds which is comprised of a diversified investment portfolio of holdings in safe, low-risk assets such as USD-denominated and settled short-term deposits and high quality money market instruments issued by governments, financial instruments and international organisations. 
    As of Dec 2023, the projected yield is 5.40% p.a.

  • Syfe Cash+ Guaranteed is a fixed deposit offering with guaranteed rates of return for a fixed timeframe.  Under this product, Syfe will provide 3, 6 and 12 month fixed deposits based on the best available bank rates.  Funds are held at MAS licensed banks in Singapore for the duration of the term and would be returned to the client at maturity.
    As of Nov 2023, the fixed deposits yields are 3.8% p.a. on 3 months, 3.7% p.a. for 6 & 12 months.

Click for more information about Syfe for Business offerings.