https://www.theedgesingapore.com/news/disruption-and-digitalisation/grab-introduces-grabfin-and-earn
https://www.channelnewsasia.com/bus...wXmAzQloXhdHjjEpn40JJXXfHOT1QgtA9FVRLkqh4nbKYGrabFin is also introducing a new investment product, Earn+, which will be rolled out to all users in Singapore by the end of the week.
Billed as a "low-risk investment product", Grab said that it has a projected yield of 2 per cent to 2.5 per cent per annum with "better potential returns than most savings accounts when held over the short-to-medium term".
Earn+ users can start with a minimum investment of S$1, with no maximum investment limit or lock-in period. They can also withdraw funds to their GrabPay wallets instantly, or transfer the funds to their bank accounts at any time without incurring any penalties or early withdrawal charges.
"Earn+ provides our users with access to low-risk, investment-grade bond portfolios, which were previously only available to institutional investors," said head of GrabFin Singapore Wenbin Wong
didnt knowit is w UOB:
According to the release, Earn+ invests in "low-risk and well-diversified" mutual funds managed by Fullerton Fund Management and UOB Asset Management and is available to all users aged 18 and above.
The fees to maintain actively managed funds across Grab’s Earn+ portfolios are about 0.59% per annum. This is inclusive of fund management fees as well as other costs associated with managing the funds such as custodians, auditors, trustees, and legal advisers.
Users can withdraw funds to their GrabPay wallets instantly or transfer the funds to their bank accounts at any time without incurring any penalties or early withdrawal charges.
https://www.channelnewsasia.com/bus...wXmAzQloXhdHjjEpn40JJXXfHOT1QgtA9FVRLkqh4nbKYGrabFin is also introducing a new investment product, Earn+, which will be rolled out to all users in Singapore by the end of the week.
Billed as a "low-risk investment product", Grab said that it has a projected yield of 2 per cent to 2.5 per cent per annum with "better potential returns than most savings accounts when held over the short-to-medium term".
Earn+ users can start with a minimum investment of S$1, with no maximum investment limit or lock-in period. They can also withdraw funds to their GrabPay wallets instantly, or transfer the funds to their bank accounts at any time without incurring any penalties or early withdrawal charges.
"Earn+ provides our users with access to low-risk, investment-grade bond portfolios, which were previously only available to institutional investors," said head of GrabFin Singapore Wenbin Wong
didnt knowit is w UOB:
According to the release, Earn+ invests in "low-risk and well-diversified" mutual funds managed by Fullerton Fund Management and UOB Asset Management and is available to all users aged 18 and above.
The fees to maintain actively managed funds across Grab’s Earn+ portfolios are about 0.59% per annum. This is inclusive of fund management fees as well as other costs associated with managing the funds such as custodians, auditors, trustees, and legal advisers.
Users can withdraw funds to their GrabPay wallets instantly or transfer the funds to their bank accounts at any time without incurring any penalties or early withdrawal charges.
