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

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