Park Your Cash with Excess Funds Management
Excess Funds Management is a facility to manage your idle cash in your POEMS Account to invest in Phillip Money Market Fund.
Let your cash works harder and smarter for you at the rates of:
1 Year Rolling Return*
Return (1 month) Annualised*
Rates updated as of
*Based on 1-year rolling return, NAV/NAV prices.
#Based on the average rate of annualised returns over the last rolling one month.
Past performance is not necessarily indicative of future performance. View disclaimer
- Start from S$100/ US$100
- Fast and simple online transfer and withdrawal
- No sales charge or administrative fee
- No lock-in period
- The largest^ retail SGD Money Market Fund in the market
^Based on Total Net ssets (TNA) figures reflected in FundSingapore.com
How does it work?
- Once you have opted in, excess funds in POEMS Account with a minimum balance of SGD100 will be automatically invested into Phillip Money Market Fund.
The said fund will be automatically redeemed from the facility under any of the following scenarions:
- (i) for shares payment or other investment purchases or transactional fees charged
- (ii) funds withdrawal request by account holder
Frequently Asked Questions
If you have an existing account, you can opt-in to SMART PARK , and transfer your funds into SMART Park.
You may also opt-in to SMART Park via MyWealth App. Simply log in to your account, select Smart Series > SMART Park, select an account and click on the Opt-in button.
You may also deposit your money into SMART Park via MyWealth App. Simply log in to your account, select Smart Series > SMART Park > Deposit.
Yes, you can withdraw your money any time. To withdraw, please login and go to Acct Mgmt > Stocks > Online Forms > Withdrawal Form.
Withdrawal requests submitted before 10.00 am will be processed on the same business day and the money will be deposited into your bank account the next business day.
You may also withdraw your money via MyWealth App. Simply log in to your account, select Smart Series > SMART Park > Select an account > MMF currency > Withdraw.
Withdrawal requests submitted before 10 am will be processed on the same business day, with the funds will be deposited into your bank account the next business day.
To view the returns earned, please login and go to Acct Mgmt > Stocks > Transaction History > Summary of Portfolio > MMF .
No, you are not required to maintain a minimum balance in your account. However, to enjoy the returns of SMART Park, a minimum balance of $100 needs to be maintained in the account.
No, there are no sales charges or administrative fees imposed for the use of theSMART Park facility.