Dubai, UAE: - StashAway, a leading digital wealth management platform, has announced a significant increase in the projected rate of return for its cash management portfolio, StashAway Simple™, in the UAE. With the projected rate rising from 4.0% to 4.5% p.a., StashAway has emerged as a frontrunner in offering its clients the highest potential returns on their spare cash. 

In an era of persistent inflation, leaving idle cash in traditional bank savings accounts can result in its gradual depreciation. However, StashAway Simple™ presents savvy investors with a compelling alternative, providing them with an opportunity to earn more on their savings amid market uncertainties. 

Joseph El Am, General Manager of StashAway MENA, highlighted the company's commitment to supporting clients in their financial journey, stating, "Earning higher returns on your savings should be simple and straightforward. With      his rate increase, consumers now have a convenient and highly effective way to work towards their financial aspirations – whether they are saving for a big ticket purchase, building an emergency fund, or simply seeking a better avenue to park their cash."

StashAway Simple™ is an ultra-low-risk, high-yield cash management portfolio designed to enable investors to effortlessly grow their cash.     

Notably, StashAway Simple™ offers numerous advantages, including no minimum deposit requirements, no lock-in periods, no withdrawal fees, and no management fees. This client-centric approach enables individuals to take control of their finances, allowing them to save and grow their cash with unparalleled ease and flexibility.

With StashAway's commitment to providing clients with competitive returns and innovative investment solutions, individuals can now navigate market volatility with confidence and work towards achieving their long-term financial goals.

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For more information or to schedule an interview, please contact Khyati Megchiani Brazen MENA

E: khyati@brazenmena.com 

About StashAway

StashAway is a digital wealth manager that offers investment portfolios and wealth management solutions for retail and accredited investors and operates in Singapore, Malaysia, the Middle East and North Africa, Hong Kong, and Thailand.

 As of January 2021, the company surpassed $1 billion USD in assets under management. In 2020, StashAway was recognised as a Technology Pioneer by The World Economic Forum and a Top 10 LinkedIn Startup. In 2021, StashAway was awarded a spot in the Fintech Global’s 2021 Wealthtech 100 list and won the bronze award for the SG Techblazer Award in the Most Promising Innovation Category. StashAway took first place in the category for Singapore Financial Institution at the SFF Global FinTech Awards 2021 presented by the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA).