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.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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103077270
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need to maintain balance for 2 months for 1month of 6.8% interest... that's really lol... sometimes we really need to show moomoo that investors always have a choice :)
103077270 : i will gladly withdraw my money out
La ocha69 103077270 : Same
101759848 : where do I find the promo
Laine Ford : no I want
103077270 : need to maintain balance for 2 months for 1month of 6.8% interest... that's really lol... sometimes we really need to show moomoo that investors always have a choice :)
mirestige OP 103077270 : It's not 6.8%. It's up to. For Fullerton cash fund it will be about 5.38% (3.7+1.68). Becasue moomoo only top up 1.68% now
BH_6730 : Cannot 'tahan' burning cash ..LOL