What is “Cash Account”?
“Cash Account” is an online cash management service offered by Fundsupermart.com (FSM) which facilitates online transactions of unit trusts and SGS Bonds. Note: From 26 January 2007 onwards, FSM has ceased to accept new cash deposits into the FSM Cash Account denominated in Singapore dollars (SGD). The FSM Cash Account (SGD) will still be in operation, and it will continue to earn interest and you can continue to use the balances in the account for your transactions. However, no new subscriptions into the FSM Cash Account (SGD) will be possible after 26 January 2007. Instead, in our continuous efforts to bring even more attractive benefits to our Cash Account holders, Fundsupermart.com has introduced the Cash Fund. This is the first fund launched in Singapore, which will invest its assets in a number of bank deposits with varying periods of maturity, denominated in Singapore Dollars (SGD) only. The FSM Cash Account (denominated in USD) is not affected by this conversion.
