Excess Funds Facility

Excess Funds Facility

Phillip’s Excess Funds 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.

✔Fast and simple online transfer & withdrawal

✔No sales charge nor administrative fees

✔No lock-in period

✔The largest* retail SGD Money Market Fund in the market

*Based on Total Net Assets (TNA) figures reflected in FundSingapore.com

Excess funds in your trading account with a minimum balance of $100 will be automatically invested into Money Market Funds.

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-In1

1 Year Rolling Return with Opt-In2

Return (1 month) Annualised with Opt-In3

SGD

Less than $50,000

0

0.9558% p.a.*

0.3582% p.a.*

SGD

More than $50,000

0.10% p.a.

USD

Less than $50,000

0

1.2258% p.a.*

0.3244% p.a.*

USD

More than $50,000

0.15% p.a.

Rates updated as of 27 Jul 2020
2Based on 1-year rolling return, NAV/NAV prices.
3Based on the average rate of annualised returns over the last rolling one month.
Past performance is not necessarily indicative of future performance. View disclaimer
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