Anonymous

16 Dec 2020

∙

MoneyOwl has changed their fees in August to be free for the first $10K and the rest to be at 0.6%. Are they now one of the cheapest in the market? Is this a good rate?

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Albert Tan

16 Dec 2020

Financial Literacy & Solutions at MoneyOwl

Hi Anon,

Thank you for this shout out.

Yes, indeed we are charging 0% advisory fees until 31 Dec 2021. This is probably as low as it gets. It is also part of our core as an NTUC social enterprise to care for the working people, improve their lives by providing an accessible and affordable investment service to meet their financial goals.

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Kok Hong

28 Oct 2020

Free till next year, no other robos are offering free services

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Yang Teng

28 Oct 2020

Free is definitely a good rate....

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Related Products

MoneyOwl

4.6

46 Reviews

MoneyOwl

Equities, Bonds

INSTRUMENTS

0.5% to 0.6%

ANNUAL MANAGEMENT FEE

$100

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

Web

PLATFORMS

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Do changes in interest rates affect all market bond prices or only the newly issued ones?

First time property buyer - currently considering investing in a private condo. At high inflation with expected rising interest rates next few Quarters, would it be a good time to enter the market?

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I am a 28 yo and have accumulated about $40k in savings, after setting aside the amount for tuition fee debt (10k, 1 year interest free) and emergency funds (10k). How should i invest this $40k?