Moomoo MY is now allowing your idle cash for investments to earn returns as you prepare your next move with the new Moomoo Cash Plus feature. Designed to offer convenience for investors to “park” their investment allocation directly on the moomoo platform, Moomoo Cash Plus provides a low-risk option to grow your savings.

Moomoo Cash Plus invests your idle cash in three curated money market funds by reputable asset management firms. All three funds offered in Moomoo Cash Plus have competitive rates, low deposit requirements, and highly liquid withdrawal options – all without requiring investors to move their funds around different apps or platforms. The funds invest in secure financial instruments like government short-term bonds and bank fixed deposits, ensuring a low-risk approach in generating returns.

Benefits Of Moomoo Cash Plus

Moomoo Cash Plus is tailored to meet the needs of investors seeking a safe place to “park” their idle cash while still earning meaningful returns. Here’s a closer look at the advantages it offers:

Daily Returns

Moomoo Cash Plus offers an indicative return rate of 3.5%* per annum, positioning it at the top tier of cash management products. This rate is nearly 1 percentage point higher than the average annual interest rate of traditional bank fixed deposits, giving you the opportunity to maximise your returns on your idle cash every day, including weekends.

*1-year past returns on Maybank Retail Money Market-I Fund and United Money Market Fund-Class R as of 31 May 2024. Past performance is not indicative of future performance.

Low Barrier of Entry

Subscribing to Moomoo Cash Plus is easy and accessible to everyone. You can begin investing from RM0.01, and there’s no upper limit on how much you can deposit. This makes it suited to all investors – no matter how much idle cash is in your moomoo account, it can work harder for you.

Unmatched Flexibility

With Moomoo Cash Plus, you’re in control. The product allows you to deposit and withdraw funds at any time without penalties. Interest is calculated daily, and your Cash Plus deposits can also be redeemed for stock investments at any time, providing you with the flexibility to quickly react to market opportunities.

Zero Fees

All you earn is yours to keep. Moomoo Cash Plus charges no fees, ensuring that your returns are maximised without any deductions.

Shariah Compliant

Muslim investors can subscribe to the Maybank Retail Market-i Fund in Moomoo Cash Plus, which is a Shariah-compliant option with similar rates as the other conventional Malaysia-focused money market fund available.

Safe and Secure

Deposits placed in any of the funds in Moomoo Cash Plus are protected by the CMC fund, where eligible individual investors can claim up to RM 100,000 for qualified Malaysian securities/related assets.

Three Types Of moomoo Funds

Moomoo Cash Plus offers three distinct funds: two MYR money market funds and one USD cash fund: the United Money Market Fund-Class R, the Maybank Retail Market-i Fund, and the United USD Cash Fund-Class R. 

This allows you to earn interest or returns in either MYR or USD, so your idle cash in both currencies are able to earn returns.

Get Started And Subscribe To Cash Plus

Interested in boosting your savings with Moomoo Cash Plus? Follow these simple steps to subscribe:

Step 1: Open the Moomoo app, go to the ‘Accounts’ section, and select ‘Cash Plus.’

Step 2: Tap on ‘Discover,’ then navigate to ‘Wealth’ to find available investment options.

Step 3: On the fund details page, tap the ‘Subscribe’ icon, enter the amount you wish to invest, and confirm your subscription.

Let Your Idle Cash Work Harder For You With Moomoo Cash Plus

With your subscription process complete, you’re all set to enjoy the benefits of Moomoo Cash Plus.

Moomoo Cash Plus is designed to provide you with a secure, flexible, and rewarding investment experience. With its low-risk profile, high return rates, and the ability to manage your funds with ease, it’s a smart choice to earn some returns while waiting for your next investment opportunity.

If you don’t have a Moomoo account yet, there’s more good news! Sign up for Moomoo via RinggitPlus to start your Cash Plus journey and receive RM50 in guaranteed Touch ‘n Go Wallet Credit. Plus, you’ll have a chance to win an iPhone too! Get started by chatting with our chatbot here and watch your savings grow effortlessly!

This article is brought to you by Moomoo Securities Malaysia Sdn Bhd.

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