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 |
Returns with Opt-In2 |
|
SGD |
Less than $50,000 |
0 |
0.9773% p.a.* |
|
SGD |
More than $50,000 |
0.10% p.a. |
|
|
USD |
Less than $50,000 |
0 |
1.3708% p.a.* |
|
USD |
More than $50,000 |
0.15% p.a. |
|
| 1PSPL reserves the right to change the rates without prior notice. 2Rates updated as of 6 August 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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