$Fullerton SGD Cash Fund (SG9999005961.MF)$ Hi all, about mo...
Hi all, about moomoo 5.8% promo. If I subscribed $40K in October 2023, when will I get the bonus Interest?
I received a small amount $70 last November. Is that it?
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sociable Dingo_8604 : Yes looks correct. Based on average yield 3.85%, the top up is 5.8-3.85 (this figure fluctuates)= 1.95%
Hence 1.95%*40000/365*30= $64
$70 is due to compounding of principal amount.
Moomoo Buddy : Dear client, if the return of the fund on that day is less than 5.8%, the difference of 5.8% will be made up, and the daily subsidy will be equal to the daily account holding amount * (5.8% - Cash Plus fund return rate selected by the client on that day)/365.
If the fund's return on the day is greater than or equal to 5.8%, there will be no subsidy. If you have any question, please feel free to contact us via MooMoo-Me-Customer Service-Online Inquiry or hotline (+65)-6321 8888 Thank you for your support! Happy New Year!