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Why settle for the banks' deposit rates?
Learn about the banks' S$50,000 per depositor "deposit insurance scheme" and DECIDE for yourself if it is worth your sacrifice when it does not insure you against inflation and rising prices.
Your Phillip Unit Trust Cash Management Account (for Unit Trust only) or Phillip Cash Management Account (for stocks, Unit Trust & other investments) allows you the option to enable excess cash in the account to be automatically parked into Phillip Money Market Fund (PMMF) at 0% sales charge. This parking facility facilitates settlement of investments (PMMF holdings are automatically used to pay any outstanding investments).
Phillip Money Market Fund is Singapore's largest money market fund at over S$900 million in assets with more than 10 years of excellent track record! Investor of this fund includes Singapore government organizations, learn why they have chosen this fund. PMMF's performances since April 2001 are as follow:
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Note: Existing investors with the older Unit Trust Investment Account (account numbers starting with 09*****) may complete and return this form for a FREE upgrade to Phillip Unit Trust Cash Management Account (for unit trust only). Click here for the business reply envelope. Existing Cash Trading Account holders can also perform an online account conversion to a Phillip Cash Management Account.
If you would like to enable the account for local stocks and other investment products, simply bring along your IC to any of our Phillip Investor Centres and your Phillip Unit Trust Cash Management Account can be further converted into a Phillip Cash Management Account.
Learn about our latest promotions.
Enjoy the following conveniences with your Cash Management Account:-
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| 1. Hassle-free Trade Settlement |
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| Enjoy a ledger-based account that has the ability to hold money in the account at anytime. You will enjoy automatic deduction or crediting for trades done in Unit Trusts and more, without having to worry about the possible delays in payment and receiving of the proceeds due to various reasons. Trade purchases will be settled as long as you have sufficient funds in the account; this applies to the crediting of the proceeds after a sale is done. There are no changes in the way you perform your trades and no minimum balance is required to be maintained in the trading account. |
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| 2. Multi Currency Option |
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| You have the option of maintaining foreign currency balances, eg USD, HKD, MYR, and JPY in your account for ease of investing and efficient cash management of your foreign currency denominated investments. Settlement can either be in the traded currency or in SGD. Note: Do ensure sufficient funds in the chosen settlement currency to avoid incurring interest on debit balances. Click here for more details. |
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| 3. Various Payment Methods |
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| We offer 4 types of payment methods, i.e. cheque/ cash, Electronic Payment for Shares (EPS) - Lump Sum Payment via ATMs/internet banking, internet bill payment and TT for your convenience. Click here to find out more. |
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| 4. Online Transactional Records |
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Transactional records are archived up to 12 months (year to date) online. You can easily access all settled transactional records and checks your balances via POEMS. You need not have to search through your bank statements and try to reconcile the trades done against the amount received.
Paper statements will be sent to all clients to supplement the online transactional records. If you wish to opt-in to E-statements click here to find out more. |
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Click here to find out more about Phillip Cash Management Account.
Click here to open an account now. |
