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moomoo Cash Plus Promotion: Guaranteed 5% interest rate for deposit up to $10k; Earn up to extra $100 interest in 3 months with this deal
Nowadays, as the volatility of the current investment environment is rising, an increasing number of investors tend to opt for investments with higher stability and lower risks.
Those who are familiar with personal finance management should know that there are many guaranteed income products in Singapore, including fixed income, Singapore Government Treasury Bills (T-bills), SSB (Singapore savings bonds), etc., the average annualized yield of which are around 2 %~3% with a relatively long lock-up period, which is not suitable for storing short-term idle funds.
So, is there any capital-guaranteed product that provides both high liquidity and high returns in Singapore?
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the rate of return is as high as 5%! * |
Moomoo sg, Singapore’s leading FinTech brokerage is going to launch a capital-guaranteed wealth management product, where the annualized return is up to 5%! It’s about to be available for Singaporeans to subscribe to in November. While all other products on the market cannot guarantee 100% returns, moomoo’s activity this time guarantees a 5% fixed income, which is indeed very attractive
So, here comes the question
How does moomoo guarantee it?
What are the things that investors need to pay attention to?
If you do not have a moomoo account yet, sign up using our exclusive referral link - to enjoy up to 1 FREE Apple Stock (worth ~$150 USD) + AllSGPromo-exclusive $60 Cash Coupon. Only new users who sign up using our moomoo referral link will get to enjoy the extra $60 cash coupon promotion.
View our coverage on moomoo promotion for full details.
[/su_not]Let’s break down some major questions about moomoo’s 5% guaranteed return product!
- How can moomoo ensure a 5% p.a.-guaranteed return? Is there a pitfall?
According to the official description of moomoo, 5% is an upgrade reward launched by moomoo sg based on its original Cash Plus product.
What is Moomoo Cash Plus?
Cash Plus is an idle money management tool provided by moomoo. Currently, there are two types of money funds for investors to choose from:
- Fullerton SGD Cash Fund (average 7-day annualized rate of 3.34%)
- CSOP USD Money Market Fund (average 7-day annualized rate of 3.22%)
- The Fullerton SGD Cash Fund is currently the largest SGD money market fund, the return rate of which once exceeded 2% even under the environment of interest rate hikes, which is much higher than the average savings rate of banks (0.25%). And most importantly, this fund has never had a monthly negative return since its establishment in 2009.
- The CSOP USD Money Market Fund is Singapore's first T+0 subscription and redemption USD money market fund, which can be flexibly transferred from your investable USD in and out of the fund while waiting for investment opportunities in the stock market. The fund invests primarily in high-quality short-term money market instruments and debt securities that provide liquidity and returns comparable to U.S. dollar deposit rates.
It can be seen that the ordinary annualized interest rate of moomoo Cash Plus is around 3%. The 5% rate this time is the official subsidy guarantee from moomoo, which means moomoo will guarantee its users a 5% p.a. rate of return within the campaign period. And we can see the rate is indeed higher than any other capital-guaranteed tools currently on the market!
- How to enjoy the 5% and what are the conditions?
Moomoo states the rules in its activity t&c that the 5% guaranteed rate of return applies to new users, which refers to users who have not deposited money in moomoo before November 1.
How to participate?
- sign up and open a moomoo SG account (if you have already registered and opened an account, please ignore this step)
- finish your first deposit to score the 5% guarantee for 3 months product
- subscribe to the funds to enjoy the bonus rate!
If you do not have a moomoo account yet, sign up using our exclusive referral link - to enjoy up to 1 FREE Apple Stock (worth ~$150 USD) + AllSGPromo-exclusive $60 Cash Coupon. Only new users who sign up using our moomoo referral link will get to enjoy the extra $60 cash coupon promotion.
View our coverage on moomoo promotion for full details.
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1. The 5% covers investment amount from min S$100 to max S$10,000 To enjoy the 5% interest rate, the minimum investment is S$100, and the 5% return rate guarantees a maximum subscription of S$10,000, which means that the amount above S$10,000 only enjoys the regular interest rate (which is around 3%) • So, how much can you make at least? - If S$100 is invested for 3 months, the return is +S$1.2 - If S$10,000 is invested for 3 months, the return is +S$123.3 In other words, participating in this activity can ensure you a minimum gain of S$1.2 and a max at +S$123.3 |
- The calculation formula is: S$ subscription amount*[(5%/365)*90] |
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2. Income is calculated daily, the redeemed part will not be counted The fund is available to be redeemed at any time, but since the income is calculated daily, the redeemed part will not be counted. That is to say, if you withdraw or redeem the fund for one week during the activity period, the income of the week will not be calculated. Note: Interest is also calculated on weekends, and you can make money while laying off |
If you do not have a moomoo account yet, sign up using our exclusive referral link - to enjoy up to 1 FREE Apple Stock (worth ~$150 USD) + AllSGPromo-exclusive $60 Cash Coupon. Only new users who sign up using our moomoo referral link will get to enjoy the extra $60 cash coupon promotion.
View our coverage on moomoo promotion for full details.
[/su_not]- What are the advantages of moomoo Cash Plus compared to other wealth management products in Singapore?
Enjoy high yield with good liquidity
- In Singapore, products with higher interest rates than moomoo are often endowed with poorer liquidity;
- Products with slightly better liquidity often generate relatively low yield
The advantages of Moomoo Cash Plus include:
- 7-day annualized return is as high as 3.2%. Even without moomoo’s 5% guaranteed subsidy rate after the event, this return rate is higher than most bank savings returns;
- relatively Stable returns - Fullerton SGD Monetary Fund has never had a monthly negative income since its establishment in 2009 (^data as of October)
- Buying power is shared with the stock account - the assets in Cash Plus will also be calculated into stock buying power at the same time;
- No lock-up period, enjoy subscription and redemption within the day;
- Earn interest from your spare money, your spare money can gain generate returns every day even on the weekends;
- Zero fee for subscription and redemption - Moomoo does not charge fund subscription and redemption fees, and no additional handling fee is required;
- Low threshold for subscription - you can start investing from as low as S$0.01 (but be aware that the 5% guaranteed rate requires a minimum investment of S$100)
What's more! This campaign is stackable with other moomoo running activities. If you wish to participate in all the following activities, you can get a reward worth up to S$452* in total!
If you do not have a moomoo account yet, sign up using our exclusive referral link - to enjoy up to 1 FREE Apple Stock (worth ~$150 USD) + AllSGPromo-exclusive $60 Cash Coupon. Only new users who sign up using our moomoo referral link will get to enjoy the extra $60 cash coupon promotion.
View our coverage on moomoo promotion for full details.
[/su_not]moomoo Cash Plus Promotion: Free $60 Cashback with only $100 deposit into moomoo Cash Plus
Feeling overwhelmed by growing inflation in Singapore? Consider investing in a cash fund with the latest moomoo Cash Plus promotion this October!
For a limited time only, new clients who invest only S$100 or more into moomoo Cash Plus will be able to receive a total of S$60 cash back across 30 days. $2 cashback will be deposited daily for a total of 30 days (total cashback amount if $60) after you put S$100 into Cash Plus.
Considering just the cashback, this promotion represents an effective return of 60% in 30 days! The moomoo cash plus promotion is valid till 31st October 2022. Sign up for an account here!
- Click claim now to register account
- Tap on “Funds” icon then tap on “Invest Now”
- Tap on "Subscribe"
- Input S$100 under the "Subscription Amount"
In addition for a limited time only, all moomoo users can get an exclusive free personal training session from 24XFitness or a free 1st entry from iGYM*. Book your free session directly with the gym by mentioning that you are a moomoo user: 24XFitness: +65 8328 3758, iGYM: +65 8742 6515 *T&Cs apply.
If you do not have a moomoo account yet, sign up using our exclusive referral link - to enjoy up to 1 FREE Apple Stock (worth ~$150 USD) + AllSGPromo-exclusive $60 Cash Coupon. Only new users who sign up using our moomoo referral link will get to enjoy the extra $60 cash coupon promotion.
View our coverage on moomoo promotion for full details.
[/su_not]About momoo Cash Plus
What is moomoo Cash Plus?
Cash Plus is where you will find money market fund products on the moomoo platform. Cash Plus aims to preserve principal value and maintain a high degree of liquidity while producing return. You are able to choose from Money Market Funds (1 SGD and 1 USD) on moomoo. moomoo Cash Plus generates returns for your idle cash with greater flexibility. No lock-in period, and it aims to preserve principal value and a higher degree of liquidity while producing return.
Why invest in moomoo Cash Plus?
Lower Risks
Relatively lower risk investment product as compared to most mutual funds.
No negative monthly return to date.
Zero Fees
Subscription and redemption fees are 0.
Lower Minimum Investment
Start investing from as low as S$0.01 with relatively stable returns.
Earn 1.6%^ p.a. with your Idle Cash
Higher than most bank's interest rates (0.25%).
Haven't signed up with moomoo yet? Sign up with our exclusive moomoo referral link to enjoy up to 1 FREE Amazon stock + SGD 40 Stock/Fund Coupon + AllSGPromo-exclusive $50 Cash Coupon. View our coverage on moomoo promotion for full details.
moomoo Cash Plus Promotion: Frequently Asked Questions and Answers
Q1: Is Cash Plus a unit trust?
A1: Yes.
Q2: What are the average returns compared to fixed deposits in Singapore?
A2: It provide investors with liquidity and return that is competetive with that of SGD Fix deposit. And you can better know it from the Fact Sheet on the Summary tab on Fullerton SGD Cash Fund's Detailed Quotes page.
Q3: Is Cash Plus easily liquid?
A3: Yes. You can subscribe to Cash Plus and redeem it anytime you like. You may withdraw the funds and deposit the cash into your bank account, or make new investments. After redeeming your funds in Cash Plus, you can also instantly trade stocks or subscribe to IPOs without margin interests.
Q4: Is cash management fund capital-protected? What are the potential risks involved? What is the investment target of this fund? What can we do to know more?
A4: The primary investment objective of cash management fund is to achieve return that is comparable to SGD Saving Deposits rate, but strictly speaking, it does have a chance to have a negative return on a single day in some extreme cases.
Transaction Fees
Q1:Are there any subscription or redemption fees, or interest charged?
A1:There isno transaction fee or interest charged.
Q2:Does the 7-day yield shown in the app account for the deduction of fees?
A2: Yes. The rate of return shown isthenet rate of return after deducting allfees.
Subscription Process
Q1: How do I subscribe to Cash Plus?
A1: Navigate tothe Fullerton SGD Cash Fund's Detailed Quotes page andtapon the Subscribe button.
Q2: How do I redeem my shares in Cash Plus?
A2: Navigate to the Universal Account page, tap on Fullerton SGD Cash Fund on Funds list and tap on the Redeem button.
More Details about Cash Plus
Q1: How long must I invest in Cash Plus in order to earn returns?
A1: You can enjoy returns as soon as your subscription is confirmed. You may check the returns on the "Poistion Details" page.
Q2: How long does it take for my subscription to be confirmed?
A2: Please check the progress of your subscription by viewing the progress bar under "Trading Rules" on the Fullerton SGD Cash Fund's "Detailed Quotes" page.
A3: When you submit a redemption application for your shares in Cash Plus, your purchasing power will be restored immediately in the moomoo app. This means you will be able to buy shares or subscribe to IPOs immediately as well.
A4: Yes. We are constantly improving our product offerings to provide you the best investment experience. Please look out for USD and HKD cash management funds in future.
A5: Yes. We are constantly improving our product offerings to provide you the best investment experience. Please look out for other cash management funds in future.
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