GO+’s small investment rate has been increased! The interest rate for the last two days is 1.73%p.a.!
With the announcement of the 0.25% interest rate increase by the National Bank, domestic banks have also started to raise their interest rates, and Touch ‘n Go eWallet GO+, which is mainly a money market fund, has also started to raise its interest rate. the interest rate paid out by Touch ‘n Go eWallet GO+ has increased from the previous rate of about 1.50%p.a. to 1.73%p.a. The interest rate paid by Touch ‘n Go eWallet GO+ increased to 1.73%p.a. from approximately 1.50%p.a. previously.
Touch ‘n Go eWallet GO+ will invest users’ deposits in the Principal e-Cash Fund (Class A), which, according to the Principal e-Cash Fund (Class A), has a recent 7-day interest rate of 1.61% to 1.73% p.a. . This rate is similar to a 1-month time deposit rate.
If you have money that you don’t want to invest at the moment, you can consider temporarily depositing it with Touch ‘n Go eWallet GO+ to earn interest every day. Here’s how to calculate the daily interest you can earn.
Assuming you deposit RM1,000 in GO+, at an interest rate of 1.73% p.a., you will earn RM0.047 per day. 10 days will earn you about RM0.47.
Assuming you deposit RM2,000 in GO+, at an interest rate of 1.73%p.a., you will get about RM0.0948 per day.
Of course, Touch ‘n Go eWallet GO+ is not the best investment and if you can find an investment with a higher return rate, then you should choose that investment. However, it is important to note that a high return rate also means a high risk.
*There is no recommendation to buy or sell.
