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Beyond the Guaranteed 5% p.a. Return Promotion, is MooMoo Cash Plus, a Liquid, High-Return and Reliable Cash Solution for Singaporeans in 2023?
By Investment Moats  •  November 20, 2022
Currently, local broker moomoo is offering a guaranteed interest of 5% per annum if you deposit money and invest in their Cash Plus account. At an annualized return of 5%, the moomoo Cash Plus account offers the highest rate. But what is the catch, and is it worth our time at all? I think moomoo is providing us with some incentive so that we can try out their Cash Plus account, but I think moomoo has a unique proposition. Let me try to explain how I look at things from my point of view. The moomoo Cash Plus Promotion: How the Higher Interest on Your Cash Work Firstly, some older readers may remember the moomoo promotions I shared in the past. moomoo is a local broker-dealer that entered Singapore not too long ago. It operates under moomoo financial Singapore, which holds a CMS license regulated by MAS (License No. CMS101000)...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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