Tired of low interest rates on your savings?

Enjoy higher returns at low risk with MoneyBox


Pricing

Management Fee: WAIVED1

Latest 1 Year Return (to 31 August 2024)2 4.65% p.a.

Underlying Funds & Allocation

1 United SGD Fund Class B Acc
2 United SGD Money Market Fund Class B 		70%
30%

Primarily invested in S$ Money Market and/or short-term S$ Bond Funds

1 Management Fee of 0.15% p.a. implemented 1 July 2024. Currently WAIVED in lieu of MoneyBox Promotion until 31 December 2024. Thereafter, annual reviews will occur with sufficient notice provided as and when changes are made.
2 Return is net of underlying management fee and other fees charged by the underlying Funds issuer.
Annual Return Formula: (((0.695 x (Latest Fund Price 1 / Year Ago Fund Price 1) – 1) + (0.295 x (Latest Fund Price 2 / Year Ago Fund Price 2) – 1)) x 100)


Important Note: MoneyBox returns may fluctuate up or down, based in part on the performance of the underlying funds. Past returns are not necessarily representative of future or likely performance. This performance, in turn, is dependent on Singapore’s economic health as well as the 12-month trajectory of global interest rates. When applicable, we may review and re-optimise the MoneyBox portfolio allocation (including the selection of underlying funds within) to attempt to maintain the highest possible return within a given economic environment.

MoneyBox FAQs

MoneyBox is our cash management solution offering enhanced returns versus bank savings and retail fixed deposit accounts. It offers higher yet safe returns by presently investing in a combination of specially selected unit trust funds. You can deposit any amount without restrictions or withdrawal penalties. It can also be held conveniently until you're ready to shift into other SqSave portfolios created for longer term needs.

It's currently comprised of an allocation of 70% UOB United SGD Fund Class B Acc and 30% UOB United SGD Money Market Fund Class B. The Funds and allocations are reviewed and assessed annually with changes made if warranted to maintain or enhance risk adjusted returns.

No, you are free to invest in MoneyBox as long as you wish, without any obligation to invest in another portfolio for your SqSave account.

It currently takes about 2-3 business days for deposits to appear in your SqSave account (barring unforeseen factors), depending on the timing of your deposit. Faster processing is offered for SqCash transfers before 11:30am on any business day and before 10pm prior to next business days. Withdrawals currently typically take 3-4 business days to reach your bank account, barring unexpected occurrences.

We pool your deposits with other MoneyBox investors to get preferential access to institutional fund classes that are currently utilised. These classes offer lower underlying management fees versus those charged to retail investors.

MoneyBox management fees were revised from 1st July 2024 to 0.15% p.a. but are currently WAIVED in lieu of the Money Promotion until 31st Dec 2024.
This fee will be reviewed annually, and clients will be informed with sufficient notice if and when a decision is made to amend this fee in the future.

MoneyBox Promotion FAQs

The MoneyBox Promotion is an opportunity for investors (new and existing SqSave clients) to earn a 5% annualized return from now until 31 Dec 2024 (“Qualifying Return Period”). This applies to all MoneyBox portfolio deposits made from now.

All existing and new SqSave clients with a valid SqSave account are eligible to participate in this Promotion.

The minimum MoneyBox deposit of SGD 1 and a maximum net MoneyBox deposit limit of SGD 50,000 per client applies (“Qualifying Amount”) during the Promotion Period. Additional net deposits exceeding SGD 10,000 during the Promotion Period will earn prevailing MoneyBox net asset value returns.

Annualised returns of 5% will be calculated on all clients’ MoneyBox deposits received (including multiple top-ups) during the Promotion Period.

Yes, you can make partial or full withdrawals from your MoneyBox portfolio anytime during or after the Promotion Period. However, only your net remaining eligible MoneyBox deposit value AFTER any withdrawals made during the Qualifying Return Period will qualify for the 5% p.a. return. You will still earn prevailing MoneyBox net asset value returns on deposit amounts that you subsequently withdraw during the Qualifying Return Period.

You will receive a SqSave Top-up added into your MoneyBox portfolio within fifteen business days after 31 Dec 2024 . This Top-up , reflected in your subsequent monthly account statement, will be the difference between 5% p.a. and your actual MoneyBox p.a. return on eligible deposits you made within Qualifying Return Period.

  1. Open an SqSave account (if not already created) by registering at this Link
  2. Create a Moneybox portfolio in your Sqsave Account Login.
  3. Deposit monies into your MoneyBox portfolio during the Promotion Period to qualify for the 5% annualized return.

Yes, you can make multiple top-ups. Each top-up will be considered on its own in the calculation of the total eligible 5% p.a. returns value during the Qualifying Return Period, but only total net deposits up to SGD 50,000 during the Promotion Period will qualify for the 5% p.a. return. For any net deposits you make that exceed SGD 50,000 during the Promotion Period, you will earn prevailing MoneyBox net asset value returns.
For reference, the latest one-year MoneyBox return as of 31 July 2024 was 4.4% (net of fees charged by the underlying Unit Trust funds issuer).

If you make a full withdrawal of eligible deposits from your MoneyBox Portfolio before the end of Qualifying Return Period, you will not be entitled to the 5% p.a. returns. You will, however, still earn prevailing MoneyBox net asset value returns on eligible deposits up until your withdrawal date.

No, the 5% p.a. Promotional Rate is not guaranteed and should not be assumed to be. SqSave is offering the 5% annualised rate as an incentive.

Yes, SqSave may decide to make changes to the Promotional Rate at any time, without prior notice, but we will notify you of any such changes so as to give you an opportunity to withdraw from your MoneyBox investment if you are not satisfied with such changes.


See more MoneyBox FAQs here

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