Should we put our spare cash into moomoo sgd fullerton cash? is it reliable?

Deposits into Moomoo Cash Plus are not insured under Singapore Deposit Insurance Corporation Limited (SDIC).

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"In the event a Deposit Insurance (DI) Scheme member bank or finance company fails, all of your insured deposits with that member are aggregated and insured up to S$75,000 by the Singapore Deposit Insurance Corporation Limited (SDIC). Insured deposits held in trust and client accounts held by non-bank depositors are insured up to S$75,000 per account. Your monies placed with a Scheme member bank under the CPF Investment Scheme (CPFIS) and CPF Retirement Sum Scheme (CPFRS) are aggregated and separately insured up to S$75,000. As your insured deposits are covered under the DI Scheme, SDIC will pay you the insured amounts if your bank or finance company fails."

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Have you explored other avenues of storing your spare cash like fixed deposits and T-bills? If you don't need the cash, how about putting it into CPF SA to earn interest? Seriously no better interest elsewhere, except you can't really take it out until retirement age. XD

Diversify