Benefits of Excess Funds Facility
No sales charges or administrative fees
High degree of liquidity
No lock- in period for your excess funds
Maximise investment opportunities as excess funds are not left idling at any time
Seamless payment for your shares trades and other investments
How does it work?
Once you have opted in, excess funds in your trading account with a minimum balance of SGD100 will be automatically invested into Phillip Money Market Funds.
The said fund will be automatically redeemed from the facility under any of the following scenarios: (i) for shares payment or other investment purchases or transactional fees charged (ii) funds withdrawal request by account holder
