Touch ‘n Go eWallet’s GO+ micro-investment feature has officially surpassed 2.00% p.a.!
GO+ is the micro-investment feature of Touch ‘n Go eWallet, where deposits made by users to GO+ are invested in the Principal e-Cash Fund (Class A). Since the National Bank announced a rate hike in early July, GO+’s payout has soared from 1.85% to 1.99% and now tops the 2.00% level.
As of July 18, 2022, GO+’s payout is 2.02% p.a., which is already higher than many banks’ 1-month time deposits, Maybank’s 1-month time deposit rate is only 1.95% p.a. and Hong Leong Bank’s 1-month time deposit rate is only 1.90% p.a.
Ambank 1 month time deposit is only 1.75% p.a. CIMB and Public Bank 1 month time deposit rate is 2.00% p.a. The 1-month time deposit rates offered by the banks are all lower than GO+’s latest rate of 2.02%p.a.
The benefit of GO+ is that users can earn a small amount of interest along with their purchases using the Touch ‘n Go eWallet. Users can also add and withdraw money at any time without any penalty. As long as a deposit is made before 4pm, the user will receive interest the next day. Deposits made after 4pm will be categorized as next day deposits.
Here’s an example of depositing RM2,000 in Touch ‘n Go eWallet. With a dividend payout of 2.02% p.a., the interest earned on RM2,000 for one day is RM0.11.
