In recent months, Touch ‘n Go eWallet GO+ investment service has been paying dividends comparable to regular time deposits!
GO+ is a small investment feature launched under Touch ‘n Go eWallet. All deposits made to GO+ are invested in the Principal e-Cash Fund (Class A).
According to the official website of Principal e-Cash Fund (Class A), the dividend payout for March and April is 1.50%p.a. to 1.58%p.a. on average, which is comparable to the dividend payout of a 1-month regular time deposit in a bank. The average bank payout for a 1-month time deposit is also only 1.50% p.a.
Principal e-Cash Fund (Class A) paid 1.58% p.a. from April 11 to April 18, and 1.54% p.a. from March 29 to April 10. For the entire month of March, the payout rate averaged 1.50% p.a.
GO+’s micro-investment feature is suitable for users who often use Touch ‘n Go eWallet to spend money and enjoy interest at the same time as they put their money in Touch ‘n Go eWallet.
Let’s take a look at the comparison between Touch ‘n Go ewallet GO+ and time deposit.
Touch ‘n Go eWallet GO+ is more flexible, meaning that you can withdraw your money at any time without losing interest. A time deposit loses interest when it is withdrawn before it expires. If your funds are needed for a short period of time (within a few weeks or 1 month), then choosing Touch ‘n Go eWallet GO+ is the best choice because the minimum deposit period for time deposits is 1 month.
Another major difference between these two investment programs is that the minimum starting amount for Touch ‘n Go eWallet GO+ is RM10, while the minimum starting amount for a normal time deposit is RM1,000 to RM5,000. eWallet GO+ is a good choice if you have small funds.
