Note: USD Yield Account is currently in Beta, and available only to selected clients. If you're interested, please chat with our Support Team.
What is Yield Account?
Yield account (operated by AFT SG 2 Pte. Ltd.) allows you to earn returns by investing your funds in relatively low-risk money market funds managed by Singapore’s leading fund managers. We currently offer SGD and USD Yield Accounts to suit your business needs.
Your Yield Account is integrated with your Business Account, so you can seamlessly switch between investing and spending your funds to grow your business.
How much can I expect to earn?
The fund aims to provide stable returns, but the actual yield may vary based on market conditions.
While the fund aims to offer consistent earnings, please note that returns are not guaranteed and may fluctuate. You can view the latest performance trends here.
Your SGD and USD funds are invested with Fullerton SGD Cash Fund Class A. You may see the latest performance in the fund prospectus and product highlight sheet.
The fund is non-capital guaranteed and is not a deposit product. All investments are subject to investment risks, including the risk that you may lose all or part of your principal invested amount.
Will I Receive Interest Daily?
No, there is no daily crediting of interest to your account. Instead, all interest earned from the underlying instruments in the fund will form part of the Net Asset Value (NAV) of the fund. The underlying are deposits/government bills that have various maturity profile.
How are returns calculated?
Returns are calculated based on the interest and income earned from the underlying assets held in the fund, such as government bills and fixed deposits placed with approved financial institutions.
As per the market convention, we express this as an annualised yield, an estimate of what you could earn over a year if the current daily return rate remains consistent.
Returns are not fixed and may fluctuate depending on factors such as interest rate environment and broader market conditions.
Is there a minimum investment amount or period for Yield?
No, you can invest any amount in Yield and get quick access to your funds on the next business day (for redemption requests placed before cut-off time).
How are fees charged for the Yield account?
Aspire charges an annual fee of 0.5%,which is accrued daily based on the average daily Net Asset Value (NAV) in your Yield Account, and deducted monthly. You will only be charged fees for the days that you have funds in your Yield Account.
Monthly Fee = (0.5% / 12) x Average Daily NAV for the Month
How it works:
Let’s say you add funds at two different times in the month:
1st of the month: You add SGD 10,000
16th of the month: You add another SGD 10,000 (total becomes SGD 20,000)
Here’s how fees are calculated:
For 1st to 15th, fees are accrued on SGD 10,000 (plus any NAV changes)
For 16th to 30th, fees are accrued on SGD 20,000 (plus any NAV changes)
Aspire calculates the average daily balance over the whole month and applies the monthly portion of the 0.5% annual fee
How are fees deducted:
Fees are first deducted from your Aspire Business Account in the same currency as your Yield account. If there are insufficient funds in your Business Account, we’ll cover the fees by selling your units in the Yield Account.
When will the fee be deducted from my account?
Fees are usually charged within 5 business days following the end of each calendar month.
Do l need to pay annual fees if I add and withdraw my funds on the same day?
If you redeem your funds before the redemption cut-off time, no annual fees will be charged.
Is my money safe using Yield?
Yield allows you to invest your funds into relatively low-risk money market funds managed by Fullerton Fund Management, which primarily hold short-term, high-quality financial products such as government bills and fixed deposits.
Your funds are separately custodised. This means that in the unlikely event Aspire or the fund manager become insolvent, your funds remain safely held in your own name under the custody accounts.
Fullerton Fund Management was established in 2003 and is headquartered in Singapore. It is part of Seviora, an independent asset management group owned by Temasek. Income Insurance Limited, a leading Singapore insurer, is a minority shareholder of Fullerton.
Fullerton has received numerous industry accolades, including:
Asia Asset Management Best of the Best Awards 2025
Asia Asset Management Best of the Best Awards 2024
The Asset Benchmark Asian Local Currency Bond Awards 2023
Asia Asset Management Best of the Best Awards 2023
Do I need to pay taxes for my earnings?
Aspire is not authorised to provide tax, legal or accounting advice. This guide is for informational purposes only. We recommend consulting a qualified tax professional if you have questions about your tax obligations.
Businesses operating in Singapore:
Returns earned through Yield may be considered taxable income according to Singapore’s tax laws
The tax treatment can vary depending on your business activities, structure, and whether any exemptions or incentive schemes apply
For detailed information, refer to the IRAS website, or speak with your tax consultant
Withdrawing your funds
You can request to withdraw funds from your Yield Account at any time.
All redemption proceeds will be paid to your Business Account in accordance with the settlement timeline as set out in the relevant Fund’s prospectus.
If you submit a redemption request before the prescribed cut-off time for the Fund on a business day, the redemption proceeds will be available in your Business Account on the next business day.
Once the funds are in your Business Account, you can then withdraw them externally using your usual payment methods (subjected to standard payment processing times).
Is there a limit on the amount that can be withdrawn from my Yield Account at once?
There is no limit on the amount that can be withdrawn from your Yield Account to your Business Account at once. If the request is submitted before 4 PM SGT on a business day, you’ll get access to your funds on the next business day.
Can I submit multiple withdrawal requests on the same day?
Yes, you can submit multiple requests in a day. Requests submitted before 4 PM SGT will be processed on the same day, and the funds will be available in your business account by the next business day.
What happens if Aspire becomes insolvent?
Your money is held in a trust account with a licensed bank, segregated from Aspire’s corporate funds or assets. In the unlikely event of Aspire’s insolvency, your monies remain protected.
What happens if the fund manager becomes insolvent?
Fullerton Fund Management is the fund manager of the fund, it was established in 2003 and is headquartered in Singapore. Fullerton is part of Seviora, an independent asset management group owned by Temasek. Income Insurance Limited, a leading Singapore insurer, is a minority shareholder of Fullerton.
In the unlikely event of Fullerton becoming insolvent, the fund’s assets will not be affected as they are held by a third-party custodian and protected from Fullerton’s creditors.
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