Demi ZhuangIf you are NEW to Moomoo Singapore your sign up gift is up to S$1,034, refer to my complete guide here.
Current Promotion for Existing Users of Moomoo SG
Many of you know I’ve been participating in Moomoo Singapore’s existing user promotion for quite some time but have not done so for this quarter. The current promotion is a little bit more complicated as there are tiers to choose from and some tasks to fulfil, so let’s break this down.
Besides fresh fund deposits, you also have to perform the respective buy trades and it can only be on non-cash plus products.
How to Determine Fresh Funds?
Amounts ABOVE your net asset at campaign START date (05 August 2024)
What is the Fund’s Effective Return for 60 Days?
Cash Plus Funds | Last 7 Day Fund Returns
as of 03 Sep | Top up from Moomoo SG | Net Rate of Return for 30 days |
CSOP USD Money Market Fund | 5.1649% | 1.68% Interest Booster | 6.8% max |
Fullerton SGD Cash Fund | 3.5646% | 1.68% Interest Booster | 5.2446% |
Fullerton SGD Liquidity Fund | 3.5263% | 1.68% Interest Booster | 5.2063% |
Membership Tier | Elite | Prestige | Solitaire |
Task 1: Fresh Fund Deposit | S$10,000 | S$50,000 | S$100,000 |
- Assuming fresh funds are deposited into Fullerton SGD Liquidity Fund
- Maintain net deposit for 60 days, so assuming we left the fresh funds there for 60 days
The 1.68% Interest Booster is only applicable for the first 30 days but we are required to maintain our fresh funds for a total of 60 days. The calculation below takes this into account and effectively if we choose to place it in the SGD denominated Fullerton cash funds we will receive around 4.34 - 4.35% p.a.
Funds Est. Returns @ 3.5% for 60 days | $58.33 | $216.67 | $583.33 |
Interest Booster @ 1.68% for 30 days | $14 | $145.83 | $140 |
Total Returns | $72.33 | $362.50 | $723.33 |
EIR | 4.34% | 4.35% | 4.34% |
Earn more Returns
More than the fresh funds, if you already have some funds in the account and would like to earn some returns on that, you could deposit it into the same fund, up to the following cap based on your selected membership tier.
Assumptions:
- Funds are in the Fullerton SGD Liquidity Fund
- Kept for the full 60 days
Membership Tier | Elite | Prestige | Solitaire |
Interest Booster is applicable to the first | S$20,000 | S$80,000 | S$120,000 |
Interest Booster @ 1.68% for 30 Days | $28 | $112 | $168 |
Funds Est. returns @ 3.5% for 60 days | $116.67 | $466.67 | $700 |
Total Returns | $144.67 | $578.67 | $868 |
EIR | 4.34% | 4.34% | 4.34% |
Membership Tier | Elite | Prestige | Solitaire |
Task 1: Fresh Fund Deposit | S$10,000 | S$50,000 | S$100,000 |
Task 2: | 1 buy trade | 3 buy trade | 5 buy trade |
$10 Stock cash coupon | $30 Stock cash coupon | $60 Stock cash coupon |
Steps to Participate
- At event page, click “Register Now” and select membership tier. Once selected, unable to change.
- Fresh funds deposit must be successful during the 5 day deposit period
- Once successful, proceed to fulfil Task 1 and Task 2
Task 1: Choose a Cash Plus Fund to subscribe to
Task 2: Fulfil the Buy Trades required based on the selected membership tier
During the 60-day holding period minimum net deposit MUST BE MAINTAINED. Otherwise you would fail and no rewards will be awarded besides the funds return.
Full T&C can be found here
My thoughts
With interest rates soon to be lowered, 4+% returns is still pretty great albeit this is not a capital guaranteed investment. Please do your own research. If you want to know what you are invested into, the difference between the 2 SGD Fullerton Cash Funds, watch this video ⬇️