A Cash Fund, also known as a Money Market Fund, refers to an investment in a fund that is intended to offer investors high liquidity with a very low level of risk. It is a retail friendly and convenient way to access higher yields on cash instruments.
A Money Market Fund typically invests in highly liquid, near-term investments which include cash, cash equivalents as well as investment-grade debt-based securities with short-term maturities. It is a commonly-used savings tool to park money temporarily prior to investing elsewhere or ahead of any anticipated cash outlays. Interest earned on the investment is automatically re-invested into the Fund and compounded daily.
We offer Money Market Funds managed by UBS in EUR, GBP, USD and AUD with a minimum investment of EUR 10 (or currency equivalent). You can withdraw your funds at any time, completely free of charge.
More information on the UBS Money Market Funds can be found here: https://moneybase.com/blog/product/money-market-funds-now-with-zero-trading-fees/
For the latest available APY rates check out the Discovery Section on your Moneybase app and search for the cash fund in the currency of your choice.