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Excess Funds Facility
Excess Funds Facility
Phillip’s Excess Funds Management Facility, allows you to park your money while waiting for investment opportunities. In this manner, your excess funds are not left idling and instead, it makes your money work harder for you.
The largest* retail SGD
Money Market Fund in the market
No sales charge nor administrative fees
No lock-in period
Fast and simple online transfer & Withdrawal
*Based on Total Net Assets (TNA) figures reflected in FundSingapore.com
The excess funds will be invested on a discretionary basis into Money Market Funds. Currently, excess SGD funds will be invested in the Phillip Money Market Fund whereas excess USD funds will be invested in the Phillip USD Money Market Fund.
The following tables demonstrate the difference between opting-in and not opting-in:
|
Currency |
Amount |
Interest Rate without Opt-In |
Interest Rate with Opt-In |
|
SGD |
Less than $50,000 |
0 |
0.86% p.a.* |
|
SGD |
More than $50,000 |
0.10% p.a. |
|
|
USD |
Less than $50,000 |
0 |
1.11% p.a.* |
|
USD |
More than $50,000 |
0.15% p.a. |
|
| *Rates updated as of 19 March 2018, based on 1-year rolling return, NAV/NAV prices. Past performance is not necessarily indicative of future performance. View disclaimer. |
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