Flexi Cash earned 3.5%

Flexi Cash is invested in our money market fund. It should earn a return based on the average return of the fund, less a small charge of 0.25% per annum.

During the past month, from 1 to 31 July, the unit price of the money market fund increased from $1.032 to $1.035. This works out to an annualised return of 3.5%. It is higher than the 3% that was initially projected. (Please note that the higher return could be due to the rounding effect of computing the unit price).

The return on our money market fund will grow with the return on the money market fund.