Moomoo cash plus

revhappy

revhappy

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s0crates

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revhappy said:
I see the 5.8% promo is back and this time no need to make 7 trades. Just subscribe and deposit. If you deposit 50k, you can enjoy 5.8% for 60 days. I just reactivated my closed moomoo account and I am planning to participate in this promo.

Wont be too long before Chris Honey money and Kelvin learns investing make their videos about this new promo, lol.
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Wonder how many people lost some/all of their gains from USD depreciation lol.
 
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HoGnix

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A. If you accumulate a net deposit of S$10,000, you can enjoy a 30-day 5.8% p.a. return reward. The maximum subscription amount is S$80,000 for this campaign, which gives a reward of up to S$380.
B. And, if you accumulate a net deposit of S$50,000, you can enjoy a 60-day 5.8% p.a. return reward. The maximum subscription amount is S$80,000 for this campaign, which gives a reward of up to S$760.
  • This sound contradictory, if the amount is more than S$50,000 in Scenario A, it will fall into Scenario B? Ppl can withdraw all the existing Deposit first, then take participate in.
 
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sohguanh

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HoGnix said:
A. If you accumulate a net deposit of S$10,000, you can enjoy a 30-day 5.8% p.a. return reward. The maximum subscription amount is S$80,000 for this campaign, which gives a reward of up to S$380.
B. And, if you accumulate a net deposit of S$50,000, you can enjoy a 60-day 5.8% p.a. return reward. The maximum subscription amount is S$80,000 for this campaign, which gives a reward of up to S$760.
  • This sound contradictory, if the amount is more than S$50,000 in Scenario A, it will fall into Scenario B? Ppl can withdraw all the existing Deposit first, then take participate in.
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Are you referring to monies you already have inside Cash Plus before you add new fund for this promo? I read the TnC those existing monies will also enjoy the 5.8% the moment you put in new fund minimum 10K to let them trigger start calculate the starting day for the promo.

Or you are asking a separate question?
 
revhappy

revhappy

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HoGnix said:
A. If you accumulate a net deposit of S$10,000, you can enjoy a 30-day 5.8% p.a. return reward. The maximum subscription amount is S$80,000 for this campaign, which gives a reward of up to S$380.
B. And, if you accumulate a net deposit of S$50,000, you can enjoy a 60-day 5.8% p.a. return reward. The maximum subscription amount is S$80,000 for this campaign, which gives a reward of up to S$760.
  • This sound contradictory, if the amount is more than S$50,000 in Scenario A, it will fall into Scenario B? Ppl can withdraw all the existing Deposit first, then take participate in.
Click to expand...
It is simple. From 10k to 49.99k 30 days. When the cumulatively deposit crosses 50k, you enjoy it for 60 days.
 
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sohguanh

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Just share some maybe important info for newbie to this 5.8% promo which start to appear as NDP promo. Take note of the extra returns, it is not full 5.8% of monies credit to you it is the difference between the fund daily return and 5.8%. E.g if the Cash Plus fund manage to give 3.8% moomoo only give you the 2%. If you want to realize the entire 5.8% you need to redeem entirely from Cash Plus after the promo ended.

1. Cash rewards will be given in SGD regardless of the underlying fund chosen. For users who have invested into CSOP USD Cash Fund, the SGD equivalent currency cash rewards credited will be based on exchange rate of 1.34.

2. The extra returns will be credited to your account within 7 business days at the end of the 30/ 60-day enjoyment period.

Between this moomoo 5.8% promo and Chocolate Finance I personally feel this moomoo 5.8% promo is better. Some reader like to use the word "holistically better" so now I also can apply this word for this promo vs Chocolate Finance.
 
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1l92041H

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joined previous ndp promo and withdrew all on 2nd november.

I just saw this promo on my app too, I am eligible hor, or did i miss anything out
 
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sohguanh

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1l92041H said:
joined previous ndp promo and withdrew all on 2nd november.

I just saw this promo on my app too, I am eligible hor, or did i miss anything out
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Yes eligible but then you rugi a bit as you withdraw all. That all if keep until now also enjoy the 5.8%. Lesson learnt is be loyal hahaha
 
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urban_desire

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have 32K in cash plus, if I deposit 50K, the 2K is not 5.8% since max amount is 80k for 5.8%, will I meet the t&cs if I redeem 2K first and then put the 50K fresh fund? On second thought, should redeem around 3K first in consideration of the interest added in to the total fund.
 
crimsontactics

crimsontactics

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urban_desire said:
have 32K in cash plus, if I deposit 50K, the 2K is not 5.8% since max amount is 80k for 5.8%, will I meet the t&cs if I redeem 2K first and then put the 50K fresh fund? On second thought, should redeem around 3K first in consideration of the interest added in to the total fund.
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Can just deposit $48k, it is cumulative investment, not lump sum deposit... :(
 
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Panerex

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If I already have $80K in cash plus, that means I am not eligible for the latest promo?
 
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urban_desire

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Panerex said:
If I already have $80K in cash plus, that means I am not eligible for the latest promo?
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Think you can just subscribe $1, it will kick-start the promo as it was advised that its cumulative amount but anything that exceeds 80k will get the prevailing interest not 5.8%.
 
revhappy

revhappy

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sohguanh said:
Just share some maybe important info for newbie to this 5.8% promo which start to appear as NDP promo. Take note of the extra returns, it is not full 5.8% of monies credit to you it is the difference between the fund daily return and 5.8%. E.g if the Cash Plus fund manage to give 3.8% moomoo only give you the 2%. If you want to realize the entire 5.8% you need to redeem entirely from Cash Plus after the promo ended.

1. Cash rewards will be given in SGD regardless of the underlying fund chosen. For users who have invested into CSOP USD Cash Fund, the SGD equivalent currency cash rewards credited will be based on exchange rate of 1.34.

2. The extra returns will be credited to your account within 7 business days at the end of the 30/ 60-day enjoyment period.

Between this moomoo 5.8% promo and Chocolate Finance I personally feel this moomoo 5.8% promo is better. Some reader like to use the word "holistically better" so now I also can apply this word for this promo vs Chocolate Finance.
Click to expand...
I have currently parked my money in SCB esaver. I am waiting for the end of the month so that I can enjoy the esaver 3.5% and then Moomoo 5.8% for 2 months, so I will be good until end of Jan.
 
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