GO+ is a micro-investment feature of the 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 the Principal e-Cash Fund (Class A), the interest rate for the entire month of July ranged from 1.80% p.a. to 2.06% p.a. Since the National Bank’s interest rate hike on 6 July, the interest paid by GO+ has also started to climb, peaking at 2.06% p.a., which is comparable to the interest paid on a 1-month ordinary time deposit with a bank, which is only 1.95% p.a. to 2.00% p.a.
The general forecast is that the National Bank will continue to raise interest rates in the coming September. If this forecast is true, the interest rate paid out by GO+ will certainly increase again and could reach 2.25% p.a. by then.
As an example, if you have RM2,000 in GO+, at 2.06% p.a., you would get about RM3.43 a month. At 2.25% p.a., you would get about RM3.75 a month.
