If you’ve been keeping up with Chocolate Finance, you might have caught the buzz about the latest perks they’re rolling out. Every dollar spent with your Chocolate Visa card now gets you a delightful 2 Max Miles, and there’s a fresh USD option for your managed cash account, offering higher interest payouts. Let me dive into the USD option first, especially since it comes right after a reduction in their SGD rates. By now, if you’re familiar with the interest rate landscape and how their bond funds are performing, this shouldn’t be a shocker to you. So how exactly does this new option work, and should you consider jumping on board?
To give you a bit of background, Chocolate Finance operates as a licensed fund management company with a Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). Acting as a digital adviser for retail investors, their aim is to help you achieve better returns on your cash. It was established by the founder of SingLife—that prominent insurer we all recognize, which also manages the MINDEF insurance. Chocolate Finance was crafted…
