Excess Funds Facility

Phillip SMART Park

Park Your Cash with Excess Funds Management

Phillip SMART Park is an excess funds facility that manages your idle cash by investing it into the Phillip Money Market Fund on a discretionary basis.

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

Return (1 month) Annualised with Opt-In2

SGD

Less than $50,000

0

0.8776% p.a.*

SGD

More than $50,000

0.10% p.a.

USD

Less than $50,000

0

0.9015% p.a.*

USD

More than $50,000

0.15% p.a.

Rates updated as of 15 August 2022.
2Based on the average rate of annualised returns over the last rolling one month, NAV/NAV prices.
Past performance is not necessarily indicative of future performance. View disclaimer