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 |
1 Year Rolling Return with Opt-in3 |
SGD |
Less than $50,000 |
0 |
2.4564% p.a.* |
0.3911% |
SGD |
More than $50,000 |
0.10% p.a. |
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USD |
Less than $50,000 |
0 |
2.3638% p.a.* |
0.3338% |
USD |
More than $50,000 |
0.15% p.a. |
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Rates updated as of 31 October 2022. 2Based on the average rate of annualised returns over the last rolling week. 3Based on 1-year rolling return, NAV/NAV prices. Past performance is not necessarily indicative of future performance. View disclaimer |