Yes, Cash+ Guaranteed is considered to be a very low-risk portfolio.
When you transfer funds to Syfe, these funds are invested in fixed deposits with banks regulated by the Monetary Authority of Singapore (MAS).
For further assurance, all client funds in Syfe Cash+ Guaranteed are held in a designated client money account with HSBC Singapore. This means your funds remain safe even if Syfe stops operating, as we don't hold or have access to any client funds. Learn more here.
While it is not SDIC-insured, the risk of the banks failing is very low—so you can invest with a peace of mind.