$United Money Market Fund-Class R (MYU9100AN000.MF)$ the mon...
the money out in here still can be used for investing like the 2% interest for idle cash or is it different??
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JjTern : I don't think so you still can use the money that was used to invest in the market cash funds. If you notice in your account the balance will be deduct from your trading account and move to another account
SmallSums : It can't directly, but when you redeem it becomes immediately available for investing i think. Still need to wait when subscribing in though.
Moomoo Buddy : Dear client, the 2% interest for idle cash is a promotion, it's different from Money market fund. To subscribe to the Money market fund, you will use your cash, then the idle cash will be deducted from your 'securities account' and goes to Funds positions. And the 2% interest promotion is calculated based on your idle cash but no Money market fund positions. Thank you.