Hi, please enlighten me.
i really try to understand how this MMF working?
it stated T+1, its already reflected in but the return wasnt tally 5% pa.
i have 2700 inside. Meaning per day shall totalled up at least 30 cents. but i still got 5 cents per day for the past 4 business day well infact the fund already reflected day 2.
this is alot different with other MMF.
MMF should be preety straight foward.
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Moomoo Buddy : Dear valued customer, i.e. User have subscribed with the maximum subscription amount of S$10,000, and held a consistent subscription of S$10,000 over 3 months, users will receive total returns of S$123 on their principal subscription. The calculation formula is: S$10000*[(5%/365)*90]= S$123.
Note:
*Per annum calculation based on 365 days, while months in 30 days.
*The reward subsidy start to calculate once the fund units are confirmed on the T+1 fund trading day.
For details, kindly refer to https://www.moomoo.com/sg/hans/support/topic5_550
Any questions please contact our live chat agents through the app via Me > Customer Service. Thank you and have a good day!
JOHNKHO94 OP : I mean is it this high yield fund can only last for 3 months per user? What happen after 3 months? Will be the holding automatically switch to normal yield fund without needing user to do any switching?