Syfe review

Syfe pays a variable headline rate of 1.5%, so the return can move. That sits below the site median of 3%, and Syfe ranks 350 of 473 brands compared on that measure. A variable rate suits holders who put access ahead of a locked return.

There is no monthly charge, the fee is SGD 0, and you can start with a deposit of SGD 0. Syfe also lists no monthly fee among its pricing model, so the account is built to run at no cost.

Syfe offers unlimited next-day withdrawals with no lock-ins, so your money is not tied to a term or a notice period. Interest accrues daily and transfers settle the next working day. The account kind is easy access, the shape most savings accounts on the site take.

Syfe Pte. Ltd. is regulated in Singapore by the Monetary Authority of Singapore under licence CMS100837. The balance sits with Syfe Pte. Ltd. as an easy access account. Licence numbers appear on the site for 635 of the brands compared.

You can reach the team on email, chat and phone, which covers email, chat, phone and a help centre. Phone support is offered by 79.5% of the brands compared and the help centre by 86.1%, so a spoken or written answer is available either way.

Syfe fits Singapore savers who want a cash buffer they can reach quickly and hold at no cost. It suits people who value same-week access over a higher return, since the rate of 1.5% is low against the site median.

Syfe is headquartered in Singapore and was founded in 2019. The account is aimed at the Singapore market, so savers in other countries should look at a provider in their own market.

It is an easy access account rather than a fixed-term or notice product, so there is no lock-in and withdrawals can be made whenever you want them. The minimum deposit is SGD 0 and the rate type is variable, which means the return can change over time.