Investors can receive a yield on their investments from GOinvest of up to 4.88% per year!
The Touch ‘n Go eWallet introduced an investment capability called GOinvest. The Principal Islamic Money Market Fund (Class D) will receive the users’ investments. Principal Asset Management is in charge of running this fund.
A discount of up to 4.88%p.a. rate of return has been introduced by GOinvest to entice people to use its investment services. The alleged 4.88%p.a. consists of the initial 3.70%p.a. plus the distributed extra 1.18%p.a. Users have two options for getting a dividend of up to 4.88% per year.
You can earn an investment return of up to 4.88% p.a. by keeping RM500 to RM1,000 in GOinvest from April 15 to May 31, 2023. Daily calculations will be made to determine the 4.88% annual rate of return, which will then be transferred to the account every other month.
The second approach is the customer activating Monthly Auto Cash In, which is the monthly automatic deduction investment, from April 15 to May 31, 2023. You can receive up to 4.88% p.a. of investment income after completing the automatic deduction for three months.
Notice! The second approach is subject to the requirement that a minimum of RM500 be automatically withheld each month. A 4.88% annual return on investments is only available to the first RM500 of monthly revenue. From October 1, 2023, until November 31, 2023, the account will receive the investment income.
