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Cash Account
All investment account holders will automatically be given a RM Cash Account. Regardless of whether you have any cash holdings in your cash account, you do not need to pay any fee. What this means is that you can transact unit trusts with greater ease and convenience. What's more, money deposited in your Cash Account earns you daily interest.
Why You Should Use Cash Account?
- Cut down on transaction time when you buy and sell unit trusts via the Cash Account
- No minimum balance is required and there is no lock-in
- No monthly charge
- View your balance online anytime
- Deposit and withdraw money anytime
- Earn higher interest rates
iFAST consolidates the monies deposited by all investors in the cash account and deposits it with a licensed bank in Malaysia. As long as there are sufficient funds in your Cash Account, the funds can be used to pay for your unit trust purchases immediately.
You can also earn interest on monies deposited in your Cash Account, be it the proceeds from the sale of your unit trust holdings, or monies that you leave in your Cash Account before you make your next unit trust purchase.
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