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moomoo Cash Plus Promotion: Free $60 Cashback with only $100 deposit into moomoo Cash Plus Unit Trust
Check out the new moomoo Cash Plus promotion for new funds investment!
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 August 2022. Sign up for an account here!
About moomoo 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.
Why invest in moomoo Cash Plus?
Relatively lower risk investment product as compared to most mutual funds.
No negative monthly return to date.
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%).
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moomoo Cash Plus Promotion: Frequently Asked Questions and Answers
Q1: Is Cash Plus a unit trust?
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.
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.
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.