Tame down 6.8% promotion

Something you guys need to be aware of for the new 6.8% promotion as compared to previous 6.8%

1) Previously it's guaranteed 6.8%, meaning moomoo will top up the difference to 6.8%. I.E. If the cash funds gives out 3%, moomoo will top up 3.8% and we get 6.8%

Now it's UP TO 6.8%. Moomoo only top up 1.68% to a maximum of 6.8%. I.E if the cash funds gives out 3%, moomoo will only top up 1.68% and we get 4.68%. If the cash funds gives 6%, moomoo will only top up 0.8% and we get 6.8%.

2) Even if the promotion only last 30 days now, we have to lock the funds for 60 days to get the extra bonus.

Thus make your own assessment whether it's worth it to get an addition 1.68% with 60 days locking. Offcourse you can still withdraw anytime, earning daily interest, forfeiting the additional bonus. Personally, the lock is easier to swallow, if they guarantee 6.8% rather than additional 1.68%.

For reference, the max 120k deposit gives an additonal $165.60 interest for the 30 days. $5.52 more per day.