UOB

A REDUCTION IN ANNUAL RETURN OF ONE MONEY MARKET FUND

Dear readers, just a few days ago (14 Apr 23), I shared with readers on how you can secure a 2.9% per annum yield on a Money Market Fund.

Called SMART Park, depositors can earn a 2.9% per annum return on monies parked in Smart Park with no lock-up period and penalty for withdrawal. At close to 3% per annum and with no lock-up period, SMART Park, to me is an attractive Money Market Fund.

However since the above post, I noticed a drop in the annual yield of SMART Park. At this time of writing, SMART Park is offering 2.59% per annum on Singapore Dollar deposits, And that is a 0.31% drop in the most recent rate.

That’s it for my insights today.  I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!


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