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Want to get S$60 cashback, interest earned on idle cash and a free cup of coffee at selected malls from moomoo’s Cash Plus?
Perhaps you had spotted a “Cash Plus” icon within the Money Plus tab on moomoo online trading app.
moomoo’s Cash Plus service allows you to generate potential returns for your idle cash while waiting for opportunities in the market by investing in funds! Instead of depositing your spare cash in moomoo itself and keep it as cash before you buy a stock, the cash can be placed into moomoo Cash Plus. It enables you to invest in a fund that earns you relatively stable returns higher than your local bank savings account.
There is no lock-in period, no subscription fees and redemption fees are zero. Whenever you want to buy a stock, simply take out the cash from cash plus and use it to purchase your intended stock!
Cash Plus aims to preserve principal value and maintain a higher degree of liquidity while producing returns.
1. Opening account: 0 Commission& 0 Platform fee(1Y) for US stocks Forever + S$40 stock/fund coupons+ Lv.2 Real-Time US Market Data
2. Invest S$100 in Cash Plus: Can get S$60 direct CASH
3. Deposit $2700: Can get 1 FREE share. (around S$50 - S$150)（terms and conditions applied）
You can place your idle cash/ spare funds into 2 different funds (unit trust) in the Cash Plus service
- CSOP USD Money Market Fund (USD) OR
- Fullerton Cash Fund (SGD)
Both provide investors with liquidity and return that is competitive with that of SGD Fixed deposit and most bank’s interest rates.
The Fullerton Cash Fund is not capital guaranteed and as with every investment, there’s risk You’d be glad to know that Cash Plus has no negative monthly returns to date. Fullerton Cash Fund has been relatively stable in its growth and performance for the past 3 years (see diagram below) and it certainly poses as a viable option to stash my idle cash while waiting for the right opportunity to buy a stock.
Here is the guide on obtaining your cashback as a new user!
National Day Cashback + FREE Kopi Campaign
Now, here’s the exciting part.
1. Up to S$60 Cashback
From 1st – 31st Aug 2022, NEW users (of moomoo SG) who apply for Cash Plus, puts in S$100 or above, and guarantee that they hold a position of S$100 or above within 30 days, can get S$2 cash coupons every day. This will give you a total of S$60 cashback (30 days x $2), assuming you have deposited S$100 or above on the 1st of Aug.
You can find your coupon details via Me -> Coupons -> Cash Coupon.
2. Free Kopi at Selected Malls
From 15th – 23rd Aug 2022, enjoy a free kopi on moomoo at any of these malls
- Century Square (17th – 23rd Aug 2022)
- Waterway Point
- Serangoon Nex (15th – 21st Aug 2022)
15-19/8 (Weekdays): 5pm – 10pm
20-21/8 (Weekends): 12pm – 10pm
There will also be mini activity stations for both you and your little ones and information booths during the event!
3. moomoo Welcome Rewards
For new users, upon successfully opening a Moomoo Financial Singapore Pte. Ltd. Securities Account, you will also receive
- 1-year free platform fee for US stock market*
- Free access to real-time Lvl 2 Market Data for the US stock market
- Free access to real-time Lvl 1 Market Data for the SG stock market
- Free access to real-time Lvl 1 Market Data for China A Shares market
- SGD 10 Stock Cash Coupon
- SGD 30 Fund Cash Coupon
In addition, if you were to make a first deposit of S$2,700 and above, you will receive an attempt to to spin the wheel and get 1 free share worth between SGD 50 to SGD 150^#.
You can view the full T&Cs HERE.
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