1. Who is eligible for the campaign?
New clients who either:
Signed up and made their first qualifying deposit during the campaign period (5 May – 15 June 2025), or
Signed up before the campaign but make their first-ever qualifying deposit during the campaign period.
Must be aged 18 or above and have a Singapore-registered phone number.
Must apply the voucher code LIFE during the campaign period.
2. Can existing clients participate?
No, this campaign is only for new clients who have not made any previous deposits (before 5 May 2025) into a StashAway account.
3. What do I need to do to qualify for the lucky draw?
Apply the voucher code LIFE during the campaign period.
Make a first-time deposit of at least SGD $3,000 into a single portfolio (either investment or cash management).
Maintain a minimum balance of $3,000 (with a 10% buffer for market movements) throughout the qualifying periods.
4. Which portfolios qualify for the promotion?
Cash management portfolios: Simple, Simple Plus, Simple Guaranteed (SGD or USD)
Investment portfolios: General Investing by StashAway, General Investing by BlackRock, Responsible Investing, Flexible Portfolio, Singapore Investing, Income Investing, Thematic Portfolios, Private Equity, Private Credit, Angel Investing
SRS investments into any of the above portfolios also qualify.
5. How can I earn more chances in the lucky draw?
After your initial qualifying deposit of $3,000 SGD, set up monthly recurring deposits of at least SGD $250 (net of any withdrawals).
You’ll earn extra chances for each qualifying month:
$250 net deposit into cash management = 1 chance
$250 net deposit into investment portfolio = 3 chances
Note: Recurring deposit chances start from the second month after your first qualifying deposit.
6. Does transferring money between StashAway portfolios count as new deposits?
No. Only fresh deposits into your account qualify. Internal transfers between portfolios do not earn additional chances.
7. If I split my deposit between two portfolios, do I still qualify?
No.
The first deposit must be a single deposit of at least $3,000 SGD into one portfolio.
For recurring deposits, each deposit must be at least $250 SDG into a single portfolio. Splitting deposits across portfolios will not qualify.
8. What happens if I withdraw money during the campaign?
Withdrawals may affect your eligibility for recurring deposit chances.
Net deposits = deposits – withdrawals for each month.
If your net deposit in a month falls below $250, you will not earn chances for that month.
9. How are the prizes awarded?
Chances are accumulated monthly based on qualifying deposits.
Winners are selected in lucky draws held monthly after the respective deposit periods.
10. What are the prizes?
Max Miles, HeyMax’s flagship travel rewards currency, can be redeemed directly for any flight via the Fly Anywhere program, redeemed at 28+ airlines and hotel reward programs worldwide, or used for gift cards.
Max Miles come with no fees, never expire, and offer flexibility for various travel-related bookings. For more information, please visit https://heymax.ai/marketing/redemption or learn more about how the Fly Anywhere program works.
Prize Tier | No. of winners | Prize (HeyMax Miles) | Deposit Period | Draw Month | Award Month |
One | 100 | 1,000 | 4 May—31 Aug 2025 | By 30 Sep 2025 | By 31 Oct 2025 |
Two | 75 | 5,000 | 4 May—31 Aug 2025 | By 30 Sep 2025 | By 31 Oct 2025 |
Three | 50 | 10,000 | 4 May—31 Aug 2025 | By 30 Sep 2025 | By 31 Oct 2025 |
Four | 20 | 15,000 | 4 May—30 Nov 2025 | By 31 Dec 2025 | By 31 Jan 2026 |
Five | 10 | 20,000 | 4 May—30 Nov 2025 | By 31 Dec 2025 | By 31 Jan 2026 |
Six | 5 | 25,000 | 4 May—30 Nov 2025 | By 31 Dec 2025 | By 31 Jan 2026 |
Grand Prize | 1 | 1,000,000 | 4 May 2025 —31 Jan 2026 | By 28 Feb 2026 | By 31 Mar 2026 |
11. How will winners be notified?
Winners will be notified via email and/or in-app message within 14 business days after each draw.
Winners' names will also be published on the campaign page: https://stashaway.sg/life
12. How will I receive my HeyMax Miles?
StashAway will share your email and phone number with HeyMax for prize fulfilment.
You must have or register for a HeyMax account using a Singaporean phone number.
HeyMax will send you an activation email and instructions for redeeming your miles.
Miles will be credited within 30 business days after confirmation.
13. What happens if I don't claim my miles?
If miles are unclaimed within 60 business days after the winner confirmation, they will be forfeited and awarded to another eligible participant.
14. Can I redeem the miles for cash or transfer them to someone else?
No.
The miles are non-transferable, non-exchangeable, and not redeemable for cash.
15. Where can I find the full Terms and Conditions?
The full Ts&Cs are available at: https://stashaway.sg/life
For HeyMax’s Ts&Cs, visit: https://heymax.ai/company/terms
16. Does transferring money between portfolios count as a new deposit for the lucky draw?
No. Only fresh deposits qualify for the lucky draw chances. Transfers between portfolios do not count.
17. How are recurring monthly deposit chances calculated?
Recurring monthly net deposits of at least $250 SGD into a single portfolio grant additional chances:
$250 net into a cash management portfolio = 1 chance.
$250 net into an investment portfolio = 3 chances.
Net deposit = deposits minus withdrawals.
18. Do smaller deposits into multiple portfolios count toward earning chances?
No.
The minimum deposit amount ($250 for recurring deposits) must be a single deposit into one portfolio.
Multiple smaller deposits across portfolios do not combine to qualify.
19. What are the prizes for the giveaway?
The prizes are HeyMax Miles awarded across different tiers:
1,000 miles
5,000 miles
10,000 miles
15,000 miles
20,000 miles
25,000 miles
Grand Prize: 1,000,000 miles.
20. How many winners will there be for each prize tier?
Prize Tier | No. of Winners |
First Prize | 100 winners |
Second Prize | 75 winners |
Third Prize | 50 winners |
Fourth Prize | 20 winners |
Fifth Prize | 10 winners |
Sixth Prize | 5 winners |
Grand Prize | 1 winner |
21. Can I win more than one prize during the campaign?
You may win only one prize in Tiers 1–6.
However, you remain eligible to win the Grand Prize even if you have won a smaller prize.
22. Am I still eligible for the Grand Prize if I win a smaller prize?
Yes.
Winning a smaller prize doesnot disqualify you from being eligible for the Grand Prize.
23. What do I need to do to claim my prize?
Hold an active and verified StashAway account at the time of fulfilment.
Register for a HeyMax account with a valid Singaporean phone number (if you don’t already have one).
24. What happens if I don't have a HeyMax account?
If you do not have a HeyMax account, you will need to create one to claim the prize.
25. How long will it take for my HeyMax Miles to be credited?
HeyMax Miles will be credited to your account within 30 business days from prize confirmation.
26. What happens if I don't claim my prize?
If HeyMax Miles are unclaimed within 60 business days of winner confirmation, they will be forfeited and awarded to the next eligible participant.