facebookHi all, anyone has experience with Auto invest by Grab? Is it worth trying out? - Seedly

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Anonymous

10 Nov 2020

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Hi all, anyone has experience with Auto invest by Grab? Is it worth trying out?

Discussion (2)

What are your thoughts?

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Think is a money market. Only useful if u are freq user of grab pay.

Money market usually is where investor park their unused capital. For parking only. Not actual investment

The returns is super low, the website say 1.8% pa. I don’t even think that can be considered investment. I won’t try it..... It feels more like a cash account/ money market fund to me. Even Singlife offer higher interest with capital guarantees under SDIC.

From Grab
“Earn 1.8% returns p.a.* with just a dollar”
“Estimated returns are not guaranteed or protected”

https://www.grab.com/sg/invest/autoinvest/

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