val_wilder
March 28th, 2008, 12:28 AM
Hoping to earn about 3% on your savings and have the flexibility to withdraw your money at any time?
Flexi-Cash is the perfect alternative to stash your cash other than putting them in a savings account or fixed deposit.
It is invested in the money market fund. Money market is a collective name that describes the different ways governments, banks and corporations borrow and lend money for short periods.
Money market funds offer advantages that savings accounts and fixed deposits cannot beat!
Highly liquid, better than a fixed deposit
You can withdraw your money anytime without any penalty. Thus if you are waiting for the right investment opportunity, you can park your monies in this cash fund for the time being. At any time you can respond to emergencies immediately, or take advantage of any investment opportuinity.
Bank deposits will impose a fee or give a lower interest if you withdraw early.
As safe as a bank deposit
It is virtually impossible to lose your capital. The fund is very secure as it is invested in the interbank market (money is lent to banks). A small portion of the fund is also invested with well rated corporations and short term deposits.
Competitive Yields
Your savings accounts and fixed deposits will have a hard time beating this yield. Just look at the past recent returns. Click on "Fund Returns" above. Your investment can start as low as $5,000.
Why earn 0.25% per annum in a savings account when you can earn about 3% per annum in Flexi-Cash?
Widely used
Money market instruments are not new. Large institutional investors traditionally use the money market. Most top rated brokerage firms or fund companies automatically sweep your money into a Money Market Fund until you are ready to decide on your next investment.
http://income.com.sg/insurance/flexicash/
http://orgnet.income.com.sg/uiGuide/guideDetailsPublic.aspx?gde=3382
Flexi-Cash is the perfect alternative to stash your cash other than putting them in a savings account or fixed deposit.
It is invested in the money market fund. Money market is a collective name that describes the different ways governments, banks and corporations borrow and lend money for short periods.
Money market funds offer advantages that savings accounts and fixed deposits cannot beat!
Highly liquid, better than a fixed deposit
You can withdraw your money anytime without any penalty. Thus if you are waiting for the right investment opportunity, you can park your monies in this cash fund for the time being. At any time you can respond to emergencies immediately, or take advantage of any investment opportuinity.
Bank deposits will impose a fee or give a lower interest if you withdraw early.
As safe as a bank deposit
It is virtually impossible to lose your capital. The fund is very secure as it is invested in the interbank market (money is lent to banks). A small portion of the fund is also invested with well rated corporations and short term deposits.
Competitive Yields
Your savings accounts and fixed deposits will have a hard time beating this yield. Just look at the past recent returns. Click on "Fund Returns" above. Your investment can start as low as $5,000.
Why earn 0.25% per annum in a savings account when you can earn about 3% per annum in Flexi-Cash?
Widely used
Money market instruments are not new. Large institutional investors traditionally use the money market. Most top rated brokerage firms or fund companies automatically sweep your money into a Money Market Fund until you are ready to decide on your next investment.
http://income.com.sg/insurance/flexicash/
http://orgnet.income.com.sg/uiGuide/guideDetailsPublic.aspx?gde=3382