Interest on Cash Balance

uSMART  Cash Balance

Earn up to 4.6% annualized return

1.PromotionPeriod: July 9, 2024, to December 31, 2024 (GMT+8).

2.This promotion applies to clients in both new and existing users . Participants must be at least 18 years old.

3.During the promotional period, participants with a daily available cash balance of at least USD 50,000 or SGD 100,000 in their accounts will receive corresponding interest.

During the activity period, users can enjoy up to 4.6% annualized income on the same day if the positive balance of available US dollar or Singapore dollar cash held in the account reaches the standard.

 

*For inquiries, please contact customer service or dedicated account manager.

(1) Users in Singapore and Malaysia *

Cash currency	Daily cash balance	Annual interest
USD	≥USD 50,000	4.6% p.a.
SGD	≥SGD 100,000	2.55% p.a.

 

Notes:

a.Daily cash balance refers to the cash balance in US and Singapore stock market accounts in the corresponding currency after settlement

b.During the promotion period, users who maintain a daily settledbalance of at least USD 50,000 or SGD 100,000 in their accounts will qualify for the corresponding daily annualized yield.

c.This promotion applies to clients meeting any of the following criteria:

For users in Singapore:

①Singapore Citizens (SC);

②Singapore Permanent Residents (PR);

③Holders of valid Singapore visas (EP/WP/LTVP/SP/DP);

④Non-Singapore Citizens residing in Singapore with a valid Singapore residential address,can provide statements or bank statements within the last 3 months as proof of your Singapore address, or your Singpass residence address is Singapore (if you use Singpass to open an account).

For users in Malaysia:

①Holders of Malaysian ID (IC / Mykad).

(2)Users  from other regions

Cash currency	Daily cash balance	Annual interest*
USD	≥USD 150,000	4.6% p.a.

 

Notes:

a.Daily cash balance refers to the cash balance of the US stock account in the corresponding currency after settlement.

b.During the promotion period, users account must have been upgraded to uSMART Smart Account (uSMART Intel).

c.When the cash balance reaches $150,000, the cash balance must be at least $150,000 per day for 15 consecutive days or more to qualify for interest income at 4.6% per year.

d.Interest Calculation Period: Starting from the day after the user registers to participate, as long as the available USD/SGD cash balance meets the required amount (i.e., more than USD 150,000 ), the user can enjoy the corresponding annualized interest every day.

 

4.The daily cash balance in the corresponding currency must meet the required threshold to earn the respective annualized interest.

5.Interest Calculation Method:

①USD currency: Daily USD cash balance interest=Positive USD cash balance available after the account settlement on that day*4.6%/365.

②SGD currency: Daily SGD cash balance interest=Positive SGD cash balance available after the account settlement on that day*2.55%/365.

6.Interest Crediting Method: Interest for each month will be automatically credited to the account balance within the first 10 working days of the following month.

7.This interest promotion is only applicable to individual accounts, institutional accounts are not eligible.

8.The company reserves the right to change, suspend, or terminate the above promotion, terms, and conditions at any time without prior notice to users. All matters are subject to the company's interpretation.

9.The company reserves the absolute discretion to modify or cancel the promotion at any time without prior notice. In case of any dispute, uSMART Securities (Singapore) Pte. Ltd. reserves the final decision, which shall be binding on the participants. If any fraud, violation of regulations, or improper conduct results in the termination of the user's account, the company reserves the right to take necessary legal actions to recover any rewards deposited or paid to the user. If users have any questions regarding the promotion, please contact the company's customer service at +65 63030663. This advertisement has not been reviewed by the Monetary Authority of Singapore.

 

Important Notes:

1.Only the available positive cash balance held daily in the securities account during the interest calculation period is eligible for interest.This refers to the current uninvested funds of the user; any credited amounts in this balance do not accrue interest.

2.If your uSMART account shows signs of abuse, fraud, or suspicious activity (including but not limited to transactions with no economic meaning or benefit, immediately closing the account after receiving rewards), uSMART may, at its sole discretion, forfeit your rewards and restrict your participation in future promotions.

3.By participating in this promotion, you acknowledge that you have read and agree to these terms and conditions.

 

Disclaimer:

This promotion is subject to the above terms and conditions. uSMART Securities (Singapore) Pte. Ltd. (“uSMART”) reserves the right to change the terms and conditions or terminate the promotion at any time without prior notice and without any liability to any person. In case of any dispute related to the promotion, uSMART's decision will be considered final and binding on all participants. uSMART has no obligation to provide any reason for any matter related to the promotion and will not entertain any correspondence or claims.

This promotion does not constitute a recommendation, offer, or solicitation to purchase or sell any investment product. It does not consider your specific investment objectives, financial situation, or special needs. Investments are subject to investment risks, including possible loss of the principal amount invested. Past performance is not necessarily indicative of future performance. Professional advice should be sought before making any investment decisions. uSMART is not responsible for any losses related to your investment activities.

This advertisement has not been reviewed by the Monetary Authority of Singapore.