In recent months, Touch ‘n Go eWallet GO+ investment service has been paying out interest rates comparable to regular time deposits!
GO+ is a small investment feature launched by 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 interest rate for the whole month of April is at least 1.50% p.a. and the highest is 1.58% p.a.. This interest rate is comparable to the interest rate of a 1-month regular time deposit in a bank, which is only 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 while putting it on Touch ‘n Go eWallet.
GO+ also offered an extra 2% p.a. in April, which means users can enjoy the original 1.50% p.a. plus an extra 2.00% p.a., for a total of 3.50% p.a. This interest rate is already much higher than the time deposit, but this offer has ended on April 30, do not rule out that Touch ‘n Go eWallet will offer a similar offer again in the future.
Let’s take a look at the comparison between Touch ‘n Go ewallet GO+ and fixed deposits.
Touch ‘n Go eWallet GO+ is more flexible, meaning that you can withdraw money at any time and not lose 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 A time deposit loses interest when it is withdrawn before it expires.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.
