Sarwa Save is a secure offering that provides high returns for your savings through money market funds, which invest in short-term, low-risk securities such as Treasury bills and commercial paper. These funds are known for their stability and liquidity. We offer Save+ and Halal options, both of which come with no lock-in period and a minimum investment as low as $500.
With Sarwa Save, your total portfolio balance should increase by the projected amount based on the performance of the underlying money market fund.
Once your funds are invested, they sit with Saxo Bank's custodian partner, Citibank, until you decide to liquidate and withdraw your assets.
Although money market funds are considered low-risk, it is important to note that all investments come with some degree of risk.
Sarwa Save+:
Our Sarwa Save+ option invests your funds in a money market fund called Pictet Short Term Money MKT (USD-P, which consists of short-term maturity bonds projecting a high annual return. The current projected rate of return for Sarwa Save+ is 4.6% annually before fees.
Sarwa Save (Halal):
Our Halal option invests your funds in low-risk money market funds (specifically the Emirates Islamic MMF), which consist of cash and cash-equivalent securities projecting a high annual return.
The current projected rate of return for Sarwa Save Halal is 4.4% annually before fees.
The annual management fee for Sarwa Save+ and Sarwa Save Halal is 0.5%.
Note: For our older Sarwa Save accounts, your funds are in cash (USD) while paying out a 3% annual return. The interest is expressed annually, paid out monthly, and accrued daily. Your funds sit with Saxo Bank, and as they are not invested, can be quickly accessed. The cash account has no fees.