mirestige OP 104571069 : Yes include non business day. Don't understand your second question

mirestige OP Oxidixs : I subscribe first on 8 Aug. Then without notification or what, didn't know about the timer, I have to message them to find out. I made my second transaction yesterday. It will only be completed on 19 August. Meaning just like that the 60 days start 10 days later. Effectively I have to lock my funds for 70 days. Kinda scammy.
Rather place my funds in mari invest, the gain is about the same. Take one business day to receive NAV, and just one business day to withdraw. This Fullerton cash funds take at least 3 to 4 working days for despoit and withdrawal to realised. The new "6.8%" and fresh funds are not attractive anymore to worth the trouble. Especially minus the opportunity lost from transfer here and there subscribing and withdraw

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

mirestige : Look at the average. 7th appreciation is higher than usual

mirestige : It's compounding. But then technically it's not interest. It's the nav of the units you hold increasing every day. So it behaves like it's compounding

mirestige 103997595 : This is the easy way of explaining. The actual mechanism are as follows
I give example bah. If at Day 0 NAV is $1 you buy $1000 worth, you get 1000 units.
Day 1 the NAV raise to 1.01 (1%). So your holdings is worth $1010 now. The $10 is the so call "interest"
Day 2 if the NAV raise by another 1% to $1.0201, your holding is now worth $1020.1. The $10.1 extra is the "interest" for second day. So you can see you get 10 cents more than the previous day. It's as though it's compounding.
That's why cash fund are not risk free. NAV can go down and you see it as negative interest.
In short the interest shown per day is just a difference of your holding now compared to previous day.
If you want to say withdraw $50, they calculate how many units they need to sell to get the $50 and sell it for you.
It's like buying shares actually, just that normally it will go up everyday within a range (3.7% pa is about 0.01% NAV increase per day), while shares are volatile. 0.01% of $10,000 is $1. That's why we normally say 10k nets you $1 per day.
You see the attached picture, most days it's 0.01% (rounded up to 2 decimal point for display, it's actually lesser) increase. The 0.03% is for Tuesday when you get 3 days worth for Saturday, Sunday and Monday.
When I get into these, about half a year ago, I am also wondering how this interest works, and when I sell how it works. Then I go look at the data and calculate how those numbers are derived. But then I started out with mari invest. They provide details like how many units you bought and what's the nav upon purchase.

mirestige slank : Yes you can withdraw everything. After 3 months you at most have 10090. 90 days, +/- $1/day.
Your final value = capital * 1.0001^n, where n is number of days and assuming everyday gain is 0.01%. This got calculate the "compounding"
Just click here.

mirestige slank :

mirestige Master Corgi : Twice actually

mirestige : They tried to close the loop for the fresh fund by changing the T&C. But we kpkb they revert. So I think they just give up on the whole 6.8% promo
Expected

mirestige : Ah they changed it back. But ya it's dirty. Initially I thought it's just extension of the end date of the promotion, no idea the lock in period has also increase to the end of the promotion. If I didn't read this post I don't even know what is going on.
If they impose this in the next promotion(if there is one), people will just timed their deposit towards the end, to nicely end their lockin to the end of the promo.

mirestige Benjamin Heng : Abit different. It's like posb change your fixed deposit from 1 month to 2 month midway through your 1 month in order for you to get the interest you deserved

mirestige : Just set stop sell. No idea why nobody talk about this as a strategy here. For example you can set at 1020, if it drops to 1020 it will automatically sell. This way it will lock and confirm your profit. If it didn't drop and move up, even better. Move your stop sell up to say 1100. For me I start setting about 3% below current price, once I am happy with the earnings.
It will also confirm you will definitely be in the green and meet your minimum earning expectation. Maybe becasue I also play with crypto that raises and drop sharply, I become more risk adverse

mirestige : Those who sold early