Saturday, May 19, 2007

Yields on money market fund

Dear Mr Tan,

From its website, fundsupermarket now pays 2.26% p.a. on its cash fund. I am not familiar with the money market fund from OCBC Lion.

What does NTUC offer for its flexi-cash?

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REPLY:

When I studied the NTUC money market fund a month ago, the yield was about 3% p.a.

I suggest that you call the business center and ask them about the yield on their money market fund.

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