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)...