How to earn 6.8% p.a. with Tiger Brokers interest bonus coupon

Summary of Tiger Brokers’ promotion

Tiger Brokers is offering a interest bonus coupon that allows you to earn 6.8% p.a. for 60 days with Tiger Vault.

The promotion will run till 30th September 2024.

This promotion is valid for the following:

1. Clients who have never opened an account with Tiger Brokers before 4:00 PM on August 6, 2024.
2. Clients who have never deposited funds into Tiger Brokers before 4:00 PM on August 6, 2024.

The minimum cumulative net deposit is S$1,000, and maximum threshold for the Tiger Brokers interest coupon is S$100,000 or US$80,000.

With the interest bonus coupon, you can enjoy 6.8% p.a. for 60 days under this promotion.

Tiger Vault is a cash management solution by Tiger Brokers which offers you a way to earn a potentially higher yield on your spare cash. To learn more about Tiger Vault, you can read our Tiger Vault review here. 

It does so by investing in mutual funds with relatively stable returns, low risk ratings and high liquidity.

With the interest bonus coupon, Tiger Brokers will reimburse the returns to 6.8% p.a. if the underlying fund returns is below 6.8% p.a. 

Please note that your return on the Tiger Vault will revert to the net return of the applicable fund after the 60 day period has passed, and all investments carry risks. 

Read the full terms and conditions of the interest bonus coupon here.

Step-by-step guide to earning 6.8% p.a. with Tiger Vault

Step #1 - Sign up for a Tiger Broker account

Sign up for a Tiger Brokers account via Beansprout. 

Find out about the latest new user rewards when you sign up for a Tiger Brokers account here. 

Step #2 - Redeem your reward

Go to the rewards centre by navigating to the ‘Quotes’ tab and clicking ‘Rewards’

Click ‘Buy now’ to subscribe to a money market fund and activate your reward.

Step #3 - Subscribe to fund in Tiger Vault

When you are redirected to the Tiger Vault window, you will have the option of subscribing to various funds.

There are three funds eligible for the 6.8% p.a. interest coupon bonus under this promotion, including

1. CSOP USD Money Market Fund (SGXZ96797238)
2. PHILLIP USD Money Market Fund (SG9999006043)
3. PHILLIP MONEY MARKET FUND "A" (SGD) ACC (SG9999005987)

The CSOP USD Money Market Fund offers an annualised 7-day yield of 5.22% as of 17 June 2024.

The Phillip USD Money Market Fund offer an annualised 7-day yield of 4.74% as of 17 June 2024.

The Phillip Money Market Fund “A” (SGD) offers an annualised 7-day yield of 3.12% as of 17 June 2024.

To learn about money market funds, read our guide to choosing the best cash management account here. 

Beansprout Exclusive Promotion

Receive an S$50 Fairprice voucher from Beansprout in addition to Tiger Brokers welcome rewards when you fund US$1,000 or more. No trading required. 

The Beansprout exclusive rewards are stackable with the Tiger Brokers welcome rewards.

Steps to Take to Qualify for the Promotion:

1. Sign up for a Tiger Brokers account via Beansprout 
2. Fund at least US$1,000 into your Tiger Brokers account
3. Submit your contact information via this Google form after you have funded your account
4. Fulfill the respective conditions mentioned above to get the respective additional fractional shares.

The promotion will run until 30th September 2024.

Tiger Brokers at a Glance

Pros: Competitive fees for trading US stocks, ETFs and options Offer access to money market funds through Tiger Vault Attractive sign-up promo Licensed by the MAS	Cons: Not able to invest with CPF/SRS funds No access to London Stock Exchange

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Have a question about the Tiger Brokers promo? Ask away at the Beansprout Telegram Group or email us at support@growbeansprout.com.

*T&Cs apply. All investments involve risks and are not suitable for every investor. 

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