This article is brought to you by StashAway.
DISCLAIMER: This is not a financial advice and this article has not been reviewed by the Monetary Authority of Singapore (MAS).
StashAway is running a limited-time campaign for members who make their first-ever investment of at least S$500 within the promo period. Now, you can grow your wealth and get rewarded with miles.
What is StashAway?
Founded in 2016, StashAway is a Singapore-based investment platform offering cash management solutions and globally diversified portfolios tailored to individual risk profiles. It is a brand of Asia Wealth Platform Pte. Ltd., which is licensed by the Monetary Authority of Singapore (CMS100604).
StashAway has a good track record, and I’ve been a customer for over 5 years. I appreciate its simple approach to investing, with minimal fees.
StashAway Simple, for example, is an ultra-low-risk way to earn better returns than a regular savings account or fixed deposit, without locking up your cash.
📄 Find out more about StashAway
Win up to 1 million miles
From 5 May till 15 June 2025, StashAway clients who make their first-ever* deposit of at least S$500 into an investment or cash management portfolio stand a chance to win up to 1 million Max miles.
*Existing customers who signed up before the promo period but have never made an investment on StashAway can also qualify.
There will be 261 lucky draw winners during this campaign, with a combined prize pool of 2.6 million Max miles. Winners of the lower prize tiers are eligible for the grand prize, provided the investment amount is maintained until 31 Jan 2026.
Here’s the reward schedule:
| Reward (Max Miles) | Number of Winners | Deposit Period | Draw Date | Receive Reward |
|---|---|---|---|---|
| 1,000 | 100 | 4 May – 31 Aug 2025 | By 30 Sep 2025 | By 31 Oct 2025 |
| 5,000 | 75 | |||
| 10,000 | 50 | |||
| 15,000 | 20 | 4 May – 30 Nov 2025 | By 31 Dec 2025 | By 31 Jan 2026 |
| 20,000 | 10 | |||
| 25,000 | 5 | |||
| 1,000,000 | 1 | 4 May 2025 – 31 Jan 2026 | By 28 Feb 2026 | By 31 Mar 2026 |
Here’s how you can accumulate lucky draw chances:
| Investment | Cash Management Portfolio | Investment Portfolio |
|---|---|---|
| Min. S$500 in one-time investment | 5 chances | 8 chances |
| Min. S$250/month recurring investment (net of withdrawals) | 1 chance per month | 3 chances per month |
✍️ Example: In Jun 2025, Jenny, a new StashAway customer, invests S$500 in a cash management portfolio and sets up a S$250/month recurring deposit into an investment portfolio. She gets 5 chances upfront and 3 chances per month, starting from the second month. From Jun 2025 till Jan 2026, she’ll earn a total of 26 lucky draw chances (5 + 3×7).
📄 Find out more about the StashAway Miles Millionaire campaign
How to participate?
Follow these steps to participate in the StashAway Miles Millionaire campaign:
1) Sign up for a StashAway account and apply promo code LIFE. Here’s how to do so in the StashAway mobile app: Go to the ≡ icon (top left) → Promotions → Enter promo code LIFE.
2) Make a first-time deposit of at least S$500 and maintain a minimum portfolio balance of S$500 during each qualifying deposit period (10% buffer applies for market
movements):
- May – Aug
- May – Nov
- May – Jan
Note: For a chance to win the grand prize of 1 million miles, participants will need to maintain the min. S$500 portfolio balance up till 31 Jan 2026.
What StashAway portfolios can you invest in?
I like using StashAway to “park” spare cash in low-risk portfolios like StashAway Simple and Simple Plus. This is a good illustration of how Simple’s volatility compares against other portfolios:
Grow your cash: StashAway Simple
Perfect if you’re looking to beat bank interest rates and grow your cash.
What I like about it:
- Projected rate of 3.05%* – higher than average bank rates
- No minimums, maximums or other hoops and hurdles
- No lock-ins (withdraw anytime)
- Ultra-low risk
*The projected rate is not guaranteed and is 2.8% p.a. as of 9 May 2025. The promotional 0.25% p.a. booster includes 0.1% p.a. expiring on 30 September 2025 and 0.15% p.a. expiring 6 months from voucher activation. Ts&Cs apply. Interest rate assumed at 0.65%, a reference based on various bank savings accounts in Singapore.
Invest for the long-term: General Investing Portfolios
Perfect if you want a diversified portfolio that’s managed by experts.
What I like about it:
- Low fees of 0.2% – 0.8% p.a.
- Choose your own risk preference
- StashAway manages the asset allocation for you
What can you do with Max miles?
Max miles offer greater versatility as compared to those from typical Singapore credit cards. Here’s a quick rundown of the basics:
- Max miles don’t expire
- Max miles can be transferred to 28 Frequent Flyer and Hotel Loyalty Programs for free
- Max miles can be transferred in multiples of 1,000
- Max miles can also be earned on payments made via the Chocolate Card
- Max miles can also be redeemed for gift cards or flights from any airlines at 1.8 cents per mile
Looking for ideas on how to use Max miles for maximum value? Have a look at our list of the cheapest ways to travel to Japan/Korea, Europe and US/Canada using miles, as well as World of Hyatt sweet spots.
✍️ Don’t have a HeyMax account yet? Sign up using my link to receive 200 Max miles.
Welcome Bonus: Get 3 months of free investing
New StashAway members can receive 3 months of fee-free investing on all portfolios other than Cash Management and private market portfolios.
The fee-free period starts immediately upon account approval. The offer will be applied automatically and there is no lock-in period.
📄 Read more about the welcome bonus
Terms and conditions
Here are the terms and conditions of the StashAway Miles Millionaire campaign:
SG_Become_a_Miles_Millionaire_giveaway_Ts_and_Cs_Final_1_943c2fc9aa