What is the interest rate I can earn on my cash parked in the SGD Cash Account and USD Cash Account?
Your SGD Cash Account interest rate is based on the one-month Singapore Interbank Bid Rate or SIBID less 0.5% from an approved bank in Singapore. Similarly, the USD interest rate that you receive in your USD Cash Account is based on the one-month USD SIBID less 0.6% from an approved bank in Singapore. The interest rates (SIBID-0.5%) for SGD and (SIBID-0.6%) for USD are net of Fundsupermart’s administration fee of 0.25% per year. This interest income less administration fee will be accrued daily and paid directly to your Cash Account every quarter.
