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Newbie here

$CSOP USD Money Market Fund (SGXZ96797238.MF)$
Any pros here? Good or bad compare to banks?
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  • VickyX : You can ask the bank what the interest rate for demand deposits is and compare it with this. The interest rate of this dollar money fund is now 2.3%.

  • Nubby OP VickyX : You tried this? Have you loss a single cents so far?

  • VickyX : The interest rate of each currency is different. Now you have to put money upside down for banks to deposit euros. The living deposit of Hong Kong dollars is about 0.7% (some banks do not do the living deposit of Hong Kong dollars and do not give any interest). The situation of each bank is different, and the situation of commercial banks is different from that of ordinary banks. I provide the information of commercial banks, and the interest rates of ordinary banks suggest you directly go to the bank for confirmation. And compare it with this.

  • VickyX Nubby OP : I posted a personal comment at 8:23, with a screenshot of me benefiting from buying this dollar money fund. I haven't lost a penny so far. If you don't know the advice, you can learn about the money fund before considering whether to buy it.

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