Moomoo cash plus

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sohguanh

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yslvlys said:
So just have to open unit trust account with HSBC and invest 50ksgd in Fullerton SGD fund and hold for 1 mth, to enjoy 8%pa for 1 mth?
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If you read the TnC you need to open some HSBC savings account too if you have none which may incur a minimum amount. And the 8% is like moomoo 6.8%. They top it up to 8% and not 8 + the fund returns over the 30 days. And if all ok within 3 months after promo expired then get cash rewards. For bank UT does selling incur any fees?
 
revhappy

revhappy

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sohguanh said:
If you read the TnC you need to open some HSBC savings account too if you have none which may incur a minimum amount. And the 8% is like moomoo 6.8%. They top it up to 8% and not 8 + the fund returns over the 30 days. And if all ok within 3 months after promo expired then get cash rewards. For bank UT does selling incur any fees?
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No fees buying or selling. The fullerton SGD cash fund is one of the choices which I think should be the obvious pick for us. Yes, you also need to have a savings account. I already have EGA account. HSBC is the one of the best banks out there. I opened premier EGA account and I pretty much maintain zero balance. I do in and out transfer of about 15k cumulative each month and my premier relationship is maintained without any fall below fee.

yslvlys said:
So just have to open unit trust account with HSBC and invest 50ksgd in Fullerton SGD fund and hold for 1 mth, to enjoy 8%pa for 1 mth?
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sgdividends

sgdividends

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If subscribe to Fullerton sgd cash fund before 12 pm on Friday, will I be getyjng Saturday and Sunday interest ?
 
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royalmix

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revhappy said:
You claim the coupon.
Then at the time of subscribing to the HSBC Global short term fund you have to select the coupon.
At the end of the 15 days, you will be paid out the 2% of the principle you subscribed.
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Looks like a number of people (from the chat forum comments/complaints) dun understand this fund they invested. It just went xd, and they lost money, dividend payout is less than the drop in Nav. But hopefully, NAV will recover towards mthend, then the process repeats!

Looks like this promo of 2% only appear when your 6.8% is maturing. But I dun find it attractive compared to the 7 day 6% yield coupon.
 
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HoGnix

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royalmix said:
I finally got my 60-day 5%pa yield fund coupon!

Invested in cashplus, so EIR > 8.5% pa! Small win :love:
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I redeemed my Cash Coupon April6.8%_Award, it supposed to award some cash which I believe it is the difference of 6.8% interest - cash plus fund yield, but I cannot see those Coupon Money, where are they credited to?
 
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royalmix

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HoGnix said:
I redeemed my Cash Coupon April6.8%_Award, it supposed to award some cash which I believe it is the difference of 6.8% interest - cash plus fund yield, but I cannot see those Coupon Money, where are they credited to?
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Congrats!

tnc

Daily Extra Return = Daily Holding * (6.8% – Daily yield of selected Cash Plus)/ 365. The total extra returns will be credited to your Moomoo SG universal account in a lump sum as a cash reward within seven business days after the end of the 20/ 40/ 60-day period.
 
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HoGnix

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royalmix said:
Congrats!

tnc

Daily Extra Return = Daily Holding * (6.8% – Daily yield of selected Cash Plus)/ 365. The total extra returns will be credited to your Moomoo SG universal account in a lump sum as a cash reward within seven business days after the end of the 20/ 40/ 60-day period.
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Thank you. I did not pay attention to that. Have to wait after I redeemed the reward. Why they delay the reward date and once the reward coupon is ready, it can be converted to Cash immediately? Unnecessary cause Ppl worrying.🤣
 
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royalmix

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HoGnix said:
Thank you. I did not pay attention to that. Have to wait after I redeemed the reward. Why they delay the reward date and once the reward coupon is ready, it can be converted to Cash immediately? Unnecessary cause Ppl worrying.🤣
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It depends. My previous one came in same day as countdown = zero, received immediately! Surprise!
 
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Sambuca78

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reflecx said:
before Fri 12 pm - Thur's NAV, receive funds next trading day, which is normally Mon (Tue for this week)
after Fri 12pm - before Mon 12pm - Fri's NAV, receive funds on T+2, which is Tue
after Mon 12pm - Mon's NAV, receive funds on Wed

When you should redeem depends on whether you want your funds quicker or more 'interest'. Make sure your counter is 0 days before you redeem.
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I just realised my 0 days in on this Saturday, not tomorrow. I don't think i can redeem on Saturday (please correct me if i am wrong).

So i should redeem it on Monday after 12pm? Thanks!
 
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reflecx

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Sambuca78 said:
I just realised my 0 days in on this Saturday, not tomorrow. I don't think i can redeem on Saturday (please correct me if i am wrong).

So i should redeem it on Monday after 12pm? Thanks!
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Yes, if you want to maximize your 'interest'.
 
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