Quick answer: Fullerton Fund Management and Lion Global Investors lead the pack for low-cost, stable SGD money market funds, while Maybank Asset Management offers the highest yield at 2.78% p.a. For those who want a fully digital, CPF- and SRS-friendly route, Endowus and StashAway wrap top MMFs into easy portfolios with no lock-ins. Each suits a different kind of investor, whether you prioritise safety, yield, or seamless wealth planning.
Best Investing & Insurance in Singapore is the parent list here, with 26 guides covering everything in this area.
Money market funds are one of those things that sound a bit boring until you realise they are quietly paying for your next holiday while your cash just sits there. In Singapore, where interest rates keep shifting, these funds give you a way to preserve capital and stay liquid without staring at a bank statement that barely moves. The providers below range from deep-pocketed fund houses to clever digital platforms, each with its own idea of what “steady returns” should look like.
If you are also comparing other ways to keep your cash working, our write-up on Time Deposit Providers in Singapore for Discerning Investors is a good place to start – sometimes a fixed deposit gives exactly the certainty you need, no guessing.
Fullerton Fund Management
Fullerton Fund Management sits inside DUO Tower off Fraser Street, and carries the kind of quiet heft you get when Temasek Holdings is your parent. Their SGD Cash Fund is a behemoth – over SGD 9.5 billion in size – and it invests in short-term investment-grade SGD deposits and government-related bills. What that means for you: a 5-day rolling average yield around 2.50% with no minimum investment to start, and a management fee of just 0.16% per annum. The scale gives them the muscle to spread risk widely, so your capital isn’t overly dependent on any one issuer.
They have the awards to back it up – Best Fund House at The Edge Singapore Best Funds Awards 2025, Best Retail Asset Management Company at the Asia Asset Management Best of the Best Awards 2024. If you are the sort who sleeps better knowing your cash is in a fund backed by a national institution, this one feels right. It is uncomplicated, deep, and reliable.
Address: 3 Fraser Street, #09-28, DUO Tower, Singapore 189352
Phone: +65 6808 4688
Website: Fullerton Fund Management
Lion Global Investors
Homegrown under OCBC Bank, Lion Global Investors has built a pair of money market funds that appear inside many robo-advisor portfolios – always a sign the industry trusts them. The two key offerings are the LionGlobal SGD Money Market Fund and the LionGlobal SGD Enhanced Liquidity Fund. Both carry a weighted yield to maturity of 2.50%, and management fees dip as low as 0.10% p.a. for the first one. Asset quality is AA-, durations under 0.4 years, and minimum investment starts at SGD 100, which means you can ease in without committing a big lump sum upfront.
Their awards cabinet includes Best Institutional House and Best ETF Manager at the Asia Asset Management Best of the Best Awards, plus recognition at The Edge-Lipper Singapore Fund Awards. If you already bank with OCBC, having your money market fund within the same ecosystem just makes life simpler – quicker transfers, less paperwork. The low fee structure keeps more of the yield in your pocket, which for cash management is precisely the point.
Address: 65 Chulia Street #18-01, OCBC Centre, Singapore 049513
Phone: +65 6417 6800
Website: Lion Global Investors
This list is editorial, not advertising. Run something similar? Tell us what you do and we will take a look.
For a different take on hands-off investing, our guide to Robo Advisors in Singapore for Discerning Investors walks you through platforms that do the heavy lifting, so you can focus elsewhere.
Phillip Capital Management
Phillip Capital Management, part of the PhillipCapital Group, takes an agile approach with the Phillip Money Market Fund. The targeted 30-day annualised return is 2.28%, built from short-term, high-quality instruments with a weighted duration of just 0.12 years – so your capital is not exposed for long. Management fees are 0.45% p.a., asset quality is A-rated, and the minimum investment is again SGD 100, making it accessible from the start.
For investors who already use PhillipCapital for brokerage or custodial services, this fund feels like a natural extension – money that is waiting to be deployed can earn something while parked, with same-group convenience. The firm’s broader accolades like Best Retail Broker and Top SGX-ST Member for ETFs and Leveraged Products reflect a group that knows how to move money efficiently.
Address: 250 North Bridge Road #06-00, Raffles City Tower, Singapore 179101
Phone: +65 6230 8133
Operating Hours: Mon – Fri, 9.00am – 6.00pm
Website: Phillip Capital Management
UOB Asset Management
UOB Asset Management’s United SGD Money Market Fund is about as safe as it gets – AAA-rated assets, a short duration of 0.11 years, and a weighted yield to maturity of 1.83%. Management fees start from 0.15% p.a., and the minimum investment is SGD 1,000. The trade-off is clear: you give up a bit of yield for top-tier credit quality and liquidity that lets you redeem quickly when needed.
With over 380 regional awards, including Best Regional Asset Manager and multiple wins at the Asia Asset Management Best of the Best Awards 2025, UOBAM has a long track record of managing risk. Their daily operating hours stretch from 8am to 8pm, which helps if you are the kind who tends to make money decisions after office hours. If your portfolio already leans towards regional exposure through UOB, this fund slots in neatly as the liquid anchor.
Address: 80 Raffles Place #03-00, UOB Plaza 2, Singapore 048624
Phone: +65 6532 7988
Operating Hours: 8am to 8pm daily
Website: UOB Asset Management
Maybank Asset Management Singapore
Maybank Asset Management Singapore leads the yield race with the Maybank Money Market Fund Class A (Acc), posting a weighted yield to maturity of 2.78%. It invests in deposits, instruments, and debt securities with AA-rated quality and a duration of 0.43 years. Management fees are 0.30% p.a., minimum investment SGD 1,000. That extra yield comes from a slightly longer duration and a willingness to take on marginally more credit risk, still solidly within investment grade.
The fund house has collected honours like Best Asian Bond Fund (10 Years) at the Asia Asset Management Best of the Best Awards 2025 and multiple LSEG Lipper Fund Awards. For someone who scans yields the way a foodie pores over a menu, this one jumps out immediately. The higher return makes it worth the trip to North Canal Road, especially in a flat-rate environment where every basis point counts.
Address: 50 North Canal Road, Singapore 059304
Phone: +65 6231 5094
Website: Maybank Asset Management Singapore
This list is editorial, not advertising. Run something similar? Tell us what you do and we will take a look.
Endowus
Endowus brings a different flavour to the table: a MAS-licensed digital advisor that lets you invest your CPF, SRS, and cash savings through a single app. Their Cash Smart series bundles top money market funds like those from Fullerton and LionGlobal into three tiers – Secure (1.6%–1.8% p.a. net), Enhanced (2.5%–2.7%), and Ultra (2.6%–2.8%). Total fees stay under 0.43% p.a., and there are no lock-ins. The convenience of seeing everything in one dashboard – retirement savings, cash reserves, future goals – is why many professionals with busy day jobs gravitate here.
The awards, including Business Innovation at the Robb Report Singapore Gala 2025 and Best Digital Wealth Management at the Asia Asset Management Best of the Best Awards 2024, speak to how they have simplified investing for a generation that loops insurance, CPF, and portfolio into one conversation. Reach them on WhatsApp at +65 3129 0038 if you prefer typing to calling.
Address: 158 Cecil Street #08-01, Singapore 069545
Phone: +65 3138 9167
Operating Hours: Monday to Friday, 9am to 6pm
Website: Endowus
Once your cash is sorted, you might be thinking about longer-term guidance – our list of Wealth Management Consultants in Singapore for Discerning Investors offers a few names who can help map the bigger picture.
StashAway
StashAway is an online-only robo-advisor that lets you open an MMF-powered portfolio in minutes, with no minimum investment. Two options do the job: Simple (2.35% p.a. net) and Simple Plus (2.7%), both investing in LionGlobal money market funds. Total fees hover around 0.36% p.a., and you can withdraw anytime without penalties. The experience is clean, app-first, and geared towards people who would rather not make a phone call to move their money.
Named Fintech Startup of the Year at The Asset Triple A Awards and a World Economic Forum Technology Pioneer, StashAway has built its reputation on algorithmic consistency rather than human salesmanship. SRS integration means you get the tax benefit while your retirement cash earns a decent clip. For the investor who wants to set a recurring transfer and forget about it, this is about as effortless as cash management gets.
Operating Hours: Monday to Sunday, 9:00 AM to 6:00 PM SGT
Phone: +65 9877 0801
Website: StashAway
How to choose
Start by being clear about what matters more to you – absolute yield or absolute safety. If you want the highest number on paper, Maybank’s 2.78% is the one to beat. If you prefer the comfort of AAA-rated assets, UOBAM gets you there, albeit at 1.83%. Most people will land somewhere in the middle with Fullerton or LionGlobal, where yields around 2.50% meet heavyweight fund sizes and low fees.
Next, think about how you will access the fund. Do you already have a relationship with a bank or broker? LionGlobal (OCBC) and Phillip Capital Management make life easy for existing customers. If you prefer everything in an app and want to use your CPF or SRS, Endowus and StashAway remove the need to visit a branch. Management fees range from 0.10% to 0.45% per annum, and while the differences seem small, over a few years and a larger balance they add up.
Minimum investments vary from zero to SGD 1,000, so no one is locked out. Do note that net yields shift with market conditions – the figures here are snapshots, and you should check the latest before committing.
Comparison table
| Provider | Fund / Portfolio | Yield (p.a.) | Min Investment | Management Fee | Asset Quality |
|---|---|---|---|---|---|
| Fullerton Fund Management | Fullerton SGD Cash Fund | ~2.50% (5-day rolling) | None | 0.16% | Investment-grade SGD deposits, govt bills |
| Lion Global Investors | LionGlobal SGD Money Market Fund | 2.50% (weighted yield to maturity) | SGD 100 | 0.10% p.a. | AA- |
| Lion Global Investors | LionGlobal SGD Enhanced Liquidity Fund | 2.50% (weighted yield to maturity) | SGD 100 | Check with the business | AA- |
| Phillip Capital Management | Phillip Money Market Fund | 2.28% (30-day annualised) | SGD 100 | 0.45% p.a. | A |
| UOB Asset Management | United SGD Money Market Fund | 1.83% (weighted yield to maturity) | SGD 1,000 | 0.15% p.a. | AAA |
| Maybank Asset Management Singapore | Maybank Money Market Fund Class A (Acc) | 2.78% (weighted yield to maturity) | SGD 1,000 | 0.30% p.a. | AA |
| Endowus | Cash Smart (Secure/Enhanced/Ultra) | 1.6%–2.8% net (varies by tier) | None | <0.43% p.a. (all-in) | Underlying MMFs from Fullerton, LionGlobal, etc. |
| StashAway | Simple / Simple Plus | 2.35% / 2.70% net | None | ~0.36% p.a. (all-in) | Underlying LionGlobal MMFs |
Summary
From Fullerton’s deep institutional backstop to StashAway’s tap-and-go ease, Singapore’s money market fund providers give you real choice. The difference between a good sleep and a great return might be as little as 0.5%, but picking the right provider for your habits makes the whole experience feel effortless. Whether you park a few hundred or a few hundred thousand, these funds keep your cash working while you get on with life.
Disclaimer: All information provided here has been compiled from publicly available sources. While we have made every effort to ensure accuracy, we do not guarantee that the information is complete or error-free. We disclaim any liability for inaccuracies or omissions. If you find any errors or have concerns about the content, please let us know so we can address them promptly.
Frequently asked questions
What is a money market fund and how is it different from a savings account?
A money market fund pools money from many investors to buy short-term, high-quality debt like government bills and bank deposits. Unlike a savings account, the yield moves with market rates and the fund is not capital-guaranteed by the government, but it typically offers higher returns with very low risk.
Are money market funds safe in Singapore?
They are considered low-risk because they invest in short-duration, investment-grade instruments. Funds from providers like UOBAM hold AAA-rated assets, and most have durations under half a year, so they are much less volatile than bond or equity funds.
Can I use my CPF or SRS to invest in these funds?
Yes, but only through platforms that are CPFIS and SRS approved. Endowus and StashAway both allow SRS investments, and Endowus lets you invest CPF Ordinary Account savings directly. Most traditional fund houses may require you to go through a bank or broker that supports CPFIS.
How quickly can I get my money out?
Very quickly. These funds typically settle redemptions within two business days, and some providers offer same-day liquidity. There are no lock-in periods, so you are never stuck waiting for a maturity date.
Do I need a large sum to start?
Not at all. Many funds, like those from Fullerton, LionGlobal, and Phillip Capital, require as little as SGD 100. StashAway and Endowus have no minimum, so you can begin with any amount that makes sense for you.
Why do yields differ so much between providers?
Yields depend on the underlying assets’ credit quality, duration, and the fees the fund charges. A fund with a longer duration or slightly lower-rated (but still investment-grade) instruments may offer higher returns, while one with AAA-rated assets and rock-bottom fees will trade a bit of yield for safety.
