Celebrate National Day with 5.8% p.a. Guaranteed Returns! 

1) Promotion Period: 1 Aug 2023 (0000 hrs.) to 31 Aug 2023 (2359hrs.), both dates inclusive. 

2) This promotion is open to all Phillip Securities (PSPL) Customers. 

If you do not have any account with us,  

New Customers : 

1. Trading accounts : 
   Please open an account at https://www.poems.com.sg/open-an-account/, opt in and provide your consent to “Excess Funds Management Facility (SMART Park). 
2. Unit Trust Advisory Wrap accounts :
   Please approach our Phillip Investor Centres https://www.phillip.com.sg/sg/investor-centres/ or Find your Specialist https://www.phillip.com.sg/sg/talktophillip/findadviser/ to open UT advisory wrap account. 

Existing Customers: 

3. For trading accounts: Opt in and provide your consent to “Excess Funds Management Facility (SMART Park)”.
   • Via P2 Web:
     Login to www.poems.com.sg > Acct Mgmt > Online Forms > Excess Funds Authorization 
   • Via Phillip MyWealth Mobile App
     Login > Home > SMART Park banner > Opt in or View my Cash & Equivalents
4. Fund your account:
   Fund your account with S$1,000 or more (capped at S$50,000) to enjoy a 30-day return of 5.8% p.a.
   You can fund your account using any of the payment methods here : https://www.poems.com.sg/payment/ 

3) Eligible account types:  

Individual trading accounts namely, Cash Plus, Cash Management, Prepaid, Custodian, Margin accounts and UT advisory wrap accounts (cash fund source). 

4) For Cash Trading account, please convert to Cash Management account if you wish to opt in to Excess Funds Management Facility. 

For Account Conversion: Please login to www.poems.com.sg with your Cash Trading account login > Acc Mgmt > Online Forms > Account Conversion. 

5) This promotion is for Individual account, Cash fund source and SGD deposits. 

6) How are the 5.8% p.a. guaranteed returns being calculated? 

For Illustration purposes:  

Customer A funded S$50,000 and held a consistent position of S$50,000 over 30 days.  

He will get: S$50,000 X [(5.8%/365) X 30] = S$238.36.  

(Including Phillip Money Market Fund’s actual returns and PSPL’s topping up on the difference). 

The difference to be made up by Phillip Securities Pte Ltd (PSPL) will be calculated based on the net funded amount held by a Customer in his account each day in the 30-day period.  

The returns will be calculated based on a period of 30 days from the date of first deposit of S$1000 or more received in account. 

7) The bonus reward (i.e. difference between 5.8% p.a. and the underlying fund return) will be credited in lump sum to your PSPL account within 30 business days after the 30-day period ends. 

8) The deposit has to be fresh funds.  

Fresh funds refer to cash transferred from the Customer’s bank account, and does not include funds transferred within PSPL accounts, cash dividends, sales proceeds or account credit transactions. 

9) Only the net balance of new deposits at the end of each day in the 30-day period will be calculated for the Guaranteed 5.8% p.a. returns.  

10) Any withdrawal or settlement using the deposited funds during the 30-day period will be excluded from our calculations. 

11) The first day of your 30-day period begins when your deposit of S$1,000 or more (fresh funds) is credited in your account during the period from 1 Aug to 31 Aug 2023.

For Trading account:
Please ensure that you have opted into SMART Park (Excess Funds Management Facility) for your trading account before you make your first deposit for this promotion.  

12) The bonus reward (i.e. difference between 5.8% p.a. and the underlying fund return) will be paid out in SGD. 

13) All fresh funds have to be deposited by 31 Aug 2023 to be eligible for this promotion. 

14) For clients who withdraw from their existing Phillip accounts and deposit funds again in their accounts during the Promotion Period, only the Net New Deposit Amount (new deposits less withdrawals during the Promotion Period) will be considered for the Promotion.

15) The Customer must be at least 18 years of age and not a US Person (an individual who is a US Citizen or US resident). 

16) Each Customer is only eligible for one bonus reward in one of the accounts. 

17) If a Customer has more than 1 PSPL accounts, the account first funded with S$1,000 or more (1 lump sum) will be considered to be eligible for the bonus reward. 

18) In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final. 

19) Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to (i) amend, add and/or delete these Terms and Conditions without prior notification (including eligibility; replacement of the reward; promotional mechanics, promotion duration without prior notification, qualifying terms and criteria), and all participants shall be bound by such amendments, additions and / or deletions when effected, or (ii) vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants. 

20) The following persons are not eligible to participate in those promotions unless approved by the management of Phillip Securities Pte Ltd (“PSPL”):  

1. PSPL institutional Customers and corporate Customers
2. PSPL Account holders whose Accounts have been suspended, cancelled or terminated
3. Joint Account
4.  Customers who engage the services of a representative from an external provider (B2B)

21) By taking part in this campaign, the participant acknowledges that he / she has read and consented to these Terms & Conditions. 

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

23) By Submitting the form you give consent to use your personel data, as mentioned on the following url: https://www.poems.com.sg/consent-to-use-of-your-personal-data/