Moomoo cash plus

[heng_ah]

What do you all think about the 2% interest rate subsidy stacked with the HSBC GIF ultrashort sgd 4.56% 1 year return ?
Effectively 6.56% pa

Actually what the difference between Fullerton cash sgd fund and HSBC GIF ultrashort sgd given both are effectively short term bonds as their underlying ?

HSBC GIF ultrashort is not MMF hor... It is Unit Trust, dun kpkb if it takes 1 week to reach your bank account after you redeem it.
The 4.56% is quoted from past history, not reflecting future yield. Their subsidy 2% might not cover the lost if say the unit trust dropped 10% after purchased

 

[sglandscape]

HSBC GIF ultrashort is not MMF hor... It is Unit Trust, dun kpkb if it takes 1 week to reach your bank account after you redeem it.
The 4.56% is quoted from past history, not reflecting future yield. Their subsidy 2% might not cover the lost if say the unit trust dropped 10% after purchased

Don't recommend to do this either. Stick with cashplus if not something else.

 

[Sambuca78]

Actually why no one talk about 6.8% with Tiger Vault?

Not comparable with moomoo?

 

[x_men_naruto96]

Actually why no one talk about 6.8% with Tiger Vault?

Not comparable with moomoo?

There is some discussion about it in Tiger thread. But Tiger not generouss like Moo although its same 6.8%

 

[sohguanh]

Unit Trust like HSBC GIF I sell before in moomoo. If transact at T, monies come in around T+2 or T+3. If there is weekend in between then longer. Cannot wait ppl go buy stocks etf faster get monies after sell.

 

[sp0inK]

moomoo cash plus quite heavy into japanese banks. we might see negative returns ?

 

[yslvlys]

moomoo cash plus quite heavy into japanese banks. we might see negative returns ?

U mean Fullerton SGD fund? I have just cut my exposure to just 40Ksgd last week (from a few hundred k).

 

[CoffeeDrinker8899]

moomoo cash plus quite heavy into japanese banks. we might see negative returns ?

I am not familiar with the liquidity fund, however for the cash fund, the nature of the fund is not an equity fund, it does not hold equities.

In my understanding the banks that are listed in it's holdings, the fund is not holding shares of these banks, but rather these banks are counterparties and the fund is holding debt securities issued by them.

So I do not expect the NAV to change from fluctuations of stock market. But yields of the fund will likely still trend downwards due to falling or going to fall interest rates.

 

[shingo86]

Looks like got new deposit promo for existing user. Allevated % for 30 days but need hold for 60 days. Not too sure if it's worth it.

 

[sglandscape]

Looks like got new deposit promo for existing user. Allevated % for 30 days but need hold for 60 days. Not too sure if it's worth it.

Nope EIR would be about 75% of the 6.8%, assuming the fund can pay about 3.5%

 

[Jun666]

this promo only a 1.68%p.a. interest booster... so if Fullerton SGD Cash Fund pay at 3.5%p.a. Then you will get 5.18%

 

[sohguanh]

this promo only a 1.68%p.a. interest booster... so if Fullerton SGD Cash Fund pay at 3.5%p.a. Then you will get 5.18%

If you take a look most bank FD Syfe StashAway all rates have dropped quite a lot. Even Fullerton is 3.37 so with 1.68 I think 5+ is not bad. Of cuz previous is still better they make up the difference to 6.8 but we need to face the realities rates have dropped a lot.

Edit: Based on diagram the 1.68% applies only for 30 days but we need to hold for 60 days which mean 30 days is 0.84%. Then 3.37+0.84=4.21% my interpretation. Could be lower as Fullerton returns also dropping now is 3.37%

 

[swathe]

After 1 month, it will auto credit the additional interest? Need to go rewards there to get?

 

[rob1977]

After 1 month, it will auto credit the additional interest? Need to go rewards there to get?

Not 60days? Always need to manual go to reward page to manual claim. It will never auto credit as I remember

 

[swathe]

I saw under promotion need to register. I did not register as the moomoo support keep chasing me to topup and put in cash plus and will auto have 6.8%.

I did that without any registration at my side

 

[reflecx]

Edit: Based on diagram the 1.68% applies only for 30 days but we need to hold for 60 days which mean 30 days is 0.84%. Then 3.37+0.84=4.21% my interpretation. Could be lower as Fullerton returns also dropping now is 3.37%

It is not so bad. All the tiers have a lower fresh fund requirement than the maximum subscription, so after 30 days, you can actually withdraw the difference and just keep the min fresh fund for the remaining 30 days.

 

[kkcheng77]

when redeem MMF, roughly take how many days for funds to be able to withdraw?

 

[Jun666]

normally 1 biz day, try not to redeem friday after 9am

 

[WoShiPro]

Actually why no one talk about 6.8% with Tiger Vault?

Not comparable with moomoo?

There is some discussion about it in Tiger thread. But Tiger not generouss like Moo although its same 6.8%

Not same..

Lousy return. Bonus interest is only given per trading day and not weekend d. Effective int is much lower.

In the t&c it's not mentioned that a user need to complete 10 trades to withdraw the interest. I would not have deposit if I'm aware of the additional rule. Now arguing with their CSO..

Now I can't withdraw the interest as I did not use tiger for my trading.

https://www.tigerbrokers.com.sg/activity/forapp/rules/?id=t0mmf

 

[60Remajust]

Not same..

Lousy return. Bonus interest is only given per trading day and not weekend d. Effective int is much lower.

In the t&c it's not mentioned that a user need to complete 10 trades to withdraw the interest. I would not have deposit if I'm aware of the additional rule. Now arguing with their CSO..

Now I can't withdraw the interest as I did not use tiger for my trading.

https://www.tigerbrokers.com.sg/activity/forapp/rules/?id=t0mmf

wa lau eh...

I remember got some hooha over the sgx sub acc fees too

i'll avoid them for sure now