Learn MoomooMoomoo Cash Plus tutorial — make your idle cash work
What Cash Plus is in Moomoo, how to activate it, and the important things you need to understand before putting money into it.
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Video: Activating Cash Plus on Moomoo — from DausDK's YouTube channel. Tap to play it right here.
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There’s a situation that happens to almost every investor: the money’s already in the account, but you haven’t decided what to buy yet. So it just sits there as cash, doing nothing.
Cash Plus is Moomoo’s way of making sure that money doesn’t sit completely still.
What Cash Plus is
In short: your uninvested cash balance gets channeled into a money market fund — a type of fund that invests in low-risk, short-term instruments.
In return, you potentially earn a daily return on money that used to earn you nothing.
Two features make it useful:
- Your money is still accessible — you can use it to buy stocks whenever you decide to
- Returns are calculated daily — it’s not locked in for a fixed term like a fixed deposit
This is the most important part for you to understand. A money market fund is an investment product, not a bank deposit. It is not protected by PIDM. Returns are not guaranteed and can change. Even though funds like this are generally considered low-risk, “low-risk” doesn’t mean “no risk” — the value can still go down.
Where Cash Plus lives in the app
Here’s the part that trips up a lot of people: Cash Plus doesn’t have its own icon in the app’s main menu.
There are two paths to reach it, and both serve different purposes:
| Path | What it’s for |
|---|---|
| Discover → Wealth | Viewing the list of funds, current rates, and subscribing to one manually |
| Accounts → Funds → SmartSave | Turning on the automatic flow so all idle cash goes in on its own |
Let’s go through both.
Path one — see the actual list of funds and rates
Open Discover → Wealth
Tap the Discover tab at the bottom, then Wealth.
The Wealth page has a few sections: featured funds with their yearly returns, and below that, the Cash Plus section with small text that reads “0 Fees. Flexible Redemption.”
Scroll down until you find that Cash Plus section.
Read the 7D Yield rate — and understand what it means
This is the actual list of Cash Plus funds with current rates. In this screenshot:
| Fund | 7D Yield |
|---|---|
| Maybank Retail Money Market-I Fund (MYR) | 3.1902% |
| United Money Market Fund-Class R (MYR) | 3.4663% |
| Eastspring Investments Islamic Income Fund-Class R (MYR) | 3.4866% |
| United USD Cash Fund-Class R (USD) | 3.6875% |
What is 7D Yield? It’s the return the fund generated over the last seven days, expressed as an annualized rate. It’s not a fixed rate and it’s not a promise.
If money market rates drop next week, that number drops too. If they rise, it rises.
Also notice there’s a Shariah-compliant option (Islamic Income Fund) and a USD option for those who hold dollars for investing in the American market.
Tap a fund and check its history
This is the step almost everyone skips, and it teaches you the most.
Tap any fund, and the details page opens with:
- 7D Yield and 1 Year Return at the top
- A 7d Yield chart — and this is where the lesson is
- Historical Returns — Last Day, Last Week, Last Month
- Subscription/Redemption Fees — 0.00% in this example
Look at that chart carefully. This fund’s rate swings between roughly 3.00% and 3.50% over the year, with rises and dips almost every week.
That’s the clearest proof that the rate you see today isn’t the rate you’ll get every day. It moves. If you go in because you saw 3.49% and next month it’s 3.05%, that’s not something gone wrong — that’s just how this product works.
Also notice the Historical Returns row: Last Day +0.01%. That’s the reality of daily returns on a small amount of money. Cash Plus isn’t a money-making machine; it’s a way to keep your idle cash from sitting at zero.
Path two — turn on the automatic flow (SmartSave)
If you don’t want to subscribe to a fund manually every time, there’s an automatic way. It sits under the Funds tab in the Accounts page, and is activated through a feature called SmartSave.
Open the Funds tab
Go to the Accounts tab. Under your account name there’s a row of tabs: Assets · Orders · History · Transfers.
In Assets, there are two small buttons: Securities and Funds. Tap Funds.
The screen switches from showing your stocks to showing your funds. If you’ve never used it before, Positions will be empty and there’ll be an Activate SmartSave button on the right.
Read the SmartSave page before activating
The SmartSave page explains exactly what happens when you activate it. The key line:
After activating SmartSave, uninvested cash in your universal account will be automatically transferred into the funds under Cash Plus to earn potential returns.
And just as important:
You don’t need to submit any redemption — you can keep trading stocks, applying for IPOs, and financing interest repayments happen automatically.
In plain terms: your money sits in a money market fund, but when you want to buy stocks, the system pulls it out on its own. You don’t need to “redeem first, then buy.”
Once you understand this, tap Activate Now.
Once SmartSave is active, every uninvested cash balance goes into the fund automatically — including money you just deposited and haven’t had a chance to use yet.
That’s not a problem for most people, since you can still trade normally. But if you have a specific reason to keep cash as cash (for example, you’re planning to withdraw it next week), understand which setting you’re turning on before you confirm.
What to check before you go in
The displayed return rate is not a guarantee. The number you see is usually based on past performance or a current estimate. It changes day to day depending on interest rate conditions. Past performance is not an indicator of future performance.
Check the withdrawal time. How long does it take to redeem it back into usable cash? For most funds of this type it’s fast, but there’s still a processing period. If you’ll need that money urgently for a stock order, know the timeframe beforehand.
Check the fees. Money market funds have management fees deducted from the return. They’re usually small, but find out how much.
Check the minimum amount. Some funds set a minimum participation amount.
When this makes sense
Good for:
- Money waiting to be invested, but you haven’t decided where yet
- Cash you’re setting aside for RSP purchases in the coming months
- A cash balance you deliberately keep as a buffer in your portfolio
Not suitable for:
- Your emergency fund. Emergency money belongs in a protected bank account that’s accessible instantly — not in an investment product, no matter how low the risk.
- Money you need next week for a specific expense
- Long-term growth goals. Money market funds are designed to preserve value, not to grow it significantly
Cash Plus solves a small problem — idle cash. It’s not an investment strategy, and it won’t change your financial position. Treat it as a convenience, not as a reason to keep more cash on hand than you need.
In short
If you genuinely have a cash balance sitting idle in your brokerage account, this is a worthwhile option to understand. If you’re considering moving money out of a bank savings account into this purely because the rate looks higher — stop and re-read the section about PIDM above. The two products aren’t equivalent, and comparing rates alone ignores the most important difference.
As always: this is educational sharing, not investment advice. Read the product documents and make your own decision.
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