6.8% returns?
$Fullerton SGD Cash Fund (SG9999005961.MF)$ hi i have deposit about 50k last week, but the daily returns does not add up close to 6.8%, may i know how does the promotion work?
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玲玲玲85 : Credit a week after end of holding period
Dadacai : Did you register at the promotion page before depositing? Here are the TnCs Invest Smarter Existing User Promotion - April to July 2024-moomoo Help Center
Moomoo Buddy : Dear client, below is the explaination of how does 6.8% calculate for your reference. If the return of the fund on that day is less than 6.8%, the difference of 6.8% will be made up, and the daily subsidy will be equal to the daily account holding amount * (6.8% - Cash Plus fund return rate selected by the client on that day)/365.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
If the fund's return on the day is greater than or equal to 6.8%, there will be no subsidy.
And after the period, the cash will be given to you within 7 working days. Thank you for your support and have a nice day ahead!
104182238 OP Dadacai : i deposit the amount when i saw the banner for the 6.8% promotion
104182238 OP 104182238 OP : which is just last week
Dadacai 104182238 OP : So did you click on the banner itself? There will be a notification at Event Push in your message box if you have successfully registered.
104182238 OP Dadacai : yup, and followed through the steps. i also selected the cash fund that i want for the 6.8%
Dadacai 104182238 OP : Then when you go back to the event page, it should show how many days are left. The extra yield is only calculated at the end of the promotion and sent in the form of a cash coupon (Me > Coupons). You have to click use to convert it to cash.