This is the most important tnc clause I have been waiting for, finally included in the revised tnc!
15. If I am currently participating in the 5.8%p.a activity, am I still entitled to join the new 6.8%p.a activity? If so, how do I calculate my total returns?
If you have participated in our previous campaign, you can still participate in the current one. Please take note that there will be an overlap of enjoyment periods in this scenario. Based on the daily basic returns of the selected fund, Moomoo SG will top up the difference to make it up to 5.8%p.a and 6.8%p.a returns calculated on a daily basis.
Here's an example:
31/1/24: You have started your 5.8%p.a. enjoyment period of 30 days.
2/2/24: You have started your 6.8%p.a. enjoyment period of 40 days.
Your initial subscription into either of the funds under Moomoo Cash Plus represents your choice of fund for this activity and the calculation of the additional returns will depend on the total holding of that particular fund.
If for both events you have selected the same fund, you will be entitled to:
Fund A basic returns (42* days) + Extra returns to make up to 5.8%p.a (30 days) + Extra returns to make up to 6.8%p.a (40 days)
*28 days overlap since one starts on 31/1/24 and the second subscription starts on 2/2/24.
Due to the overlap, your total days to enjoy extra returns: 42 days.
If for both events you have selected two different funds, you will be entitled to:
Fund A basic returns (30 days) + Extra returns to make up to 5.8%p.a (30 days) + Fund B basic returns (40 days) + Extra returns to make up to 6.8%p.a (40 days)
Finally, do note that if you want to participate in the 6.8%p.a. activity before the end of your 5.8%p.a. enjoyment period, the fund's own return will only be calculated once during the overlapping enjoyment period if the same fund is chosen for both events.
If you want to participate in both events separately, do ensure that you have either selected different funds for subscription into 5.8%p.a and 6.8%p.a activities or place your initial subscription for the 6.8%p.a activity only after the end of your enjoyment period for 5.8%p.a activity.