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CIC Asset Management

CIC Money Market Fund

Money market fund · Regulated by the CMA

What is this?

Your money is lent out short term, mostly to banks and to the government. You can add to it or take it out when you want. It grows slowly and steadily.

What does it cost you?

CIC Asset Management does not publish what it charges. We looked for 3 charges and found no figure for any of them:

  • · No yearly charge appears anywhere on the fund's page, next to the rate it advertises.
  • · The page does not say whether anything is taken off the money you pay in.
  • · The page does not say whether anything is taken off the money you take out.

What if you stop paying?

Nothing happens. There is no set payment to keep up. Your money stays in the fund and keeps earning.

What if you need the money early?

There is no fixed term, so there is no early. The page does not say how long a withdrawal takes to reach you.

Who this suits

It could work for you if

You want your money safe and easy to reach, and you may need it back soon.

Think twice if

You want to know what you will be charged. CIC prints the rate but not the cost.

How openly does this company explain its charges?

EWon't tell you what it costs1 of 9 answered
  • What do they charge you every year?
    No yearly charge appears anywhere on the fund's page, next to the rate it advertises.
  • What is taken off the money you pay in?
    The page does not say whether anything is taken off the money you pay in.
  • What does it cost to get out early?
    The page does not mention any charge for taking money out.
  • What is the smallest amount you can start with?
    They do not publish a minimum. You have to ask an agent.
  • How long is your money tied up?
    They do not say how long you are tied in.
  • Is the advertised return before or after their charges?
    They never say. So you cannot tell what you would actually keep.
  • Do they warn you the return is not guaranteed?
    No warning appears next to the figure, even though it is not a promise.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 3 charges are mentioned without a figure.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · Interest from a money market fund is taxed at 15%. That tax is taken before the money reaches you, and the rate on the page is quoted before it.
  • · The rate is not fixed. It moves with what the fund earns, and can fall.
  • · CIC Asset Management states on this page that it is regulated by the Capital Markets Authority.

Talk to them

Compared with the others

There are 9 other plans of this kind on the board. See all 10 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 8.43% on this page is the rate CIC Asset Management quoted, as at 2026-08-20 — current.

The page calls this the Current Effective Annual Rate, beside a Current Daily Rate of 8.12%. It does not say whether the fund's own charges have already been taken off, and it does not mention the 15% tax deducted from interest..

Where we got this