If you’ve ever wondered what to do with money sitting in your bank account, Cash Funds might be exactly what you’re looking for.
A Cash Fund, also known as a Money Market Fund, is a low-risk investment fund designed to preserve your capital while generating steady daily returns.
Unlike stocks or ETFs, Cash Funds are not designed to grow aggressively. They are designed to keep your money safe, accessible, and earning a competitive rate by investing in high-quality, short-term instruments such as treasury bills, government bonds, and bank deposits, making it one of the most conservative options on the investment spectrum.
How do Cash Funds work?
When you invest in a Cash Fund, your money is pooled with other investors and managed by a professional fund manager.
The fund invests your money in short-term instruments and you earn interest every single day. That interest is automatically reinvested and compounded daily, meaning your returns build on themselves over time.
How is a Cash Fund different from a savings account?
A savings account at a bank holds your money as a deposit. The bank pays you a low interest rate in return, if any and your deposit is protected by the relevant deposit guarantee scheme up to a certain limit. To access more competitive rates, many banks require you to lock your money away in a fixed-term deposit account, meaning you cannot access the funds until the term ends.
A Cash Fund is an investment product. Your money is invested in short-term securities rather than held as a deposit. Unlike a fixed-term savings account, a Cash Fund allows you to earn competitive daily returns while keeping your money accessible.
It is not guaranteed in the same way a bank deposit is, but it is classified as one of the lowest risk investment products available. Money entrusted with Calamatta Cuschieri for Cash Funds on Moneybase is covered by the Maltese Investor Compensation Scheme.
Here’s how a savings account compares with Moneybase Cash Funds:
Returns
A traditional savings account typically offers a low interest rate on the balances held on account, if any. Cash Funds aim to offer more competitive returns, which adjust daily based on market rates. With Moneybase, you can earn up to 3.85% APY on GBP, up to 3.79% APY on USD, and up to 2.15% APY on EUR*.
Access
A fixed-term savings account requires you to lock your money away for a set period of time to access better rates. With Moneybase Cash Funds, you earn competitive daily returns without any lock-in period.
Currencies
A standard savings account is typically held in one currency. With Moneybase Cash Funds, you can hold your money in EUR, GBP, or USD.
Protection
Money in a savings account is protected by the relevant deposit compensation scheme. A Cash Fund is not a deposit but an investment. Investments entrusted with Calamatta Cuschieri are covered by the Maltese Investor Compensation Scheme up to €100,000.
Who are Cash Funds for?
Cash Funds are commonly used by investors and businesses looking for a flexible alternative to traditional savings accounts, or as a place to temporarily hold money before investing elsewhere or ahead of planned expenses. Some common reasons for investing in Cash Funds are:
Temporarily holding cash before investing
If you’ve recently exited a position and are still deciding where to invest next, a Cash Fund keeps your money working rather than sitting idle.
Holding cash ahead of a planned expense
Whether you’re planning a holiday, a property purchase, or preparing for an upcoming expense, your money earns interest right up until you need it.
Building a flexible reserve
Because you can access your funds same day on Moneybase, Cash Funds are a practical place to keep money you might need at short notice, while still earning a return.
Diversifying a portfolio
Even if you’re heavily invested in equities, holding a portion in a Cash Fund reduces overall portfolio risk and gives you liquidity when opportunities arise.
What should you look for?
Cash Funds are an investment product, not a bank deposit. The value of your investment can go down as well as up, and interest rates change on a daily basis and may move in an unfavourable direction.
Cash Funds on Moneybase
With Moneybase, you can invest directly through the app in Cash Funds managed by UBS, one of the world’s leading global asset managers, with USD 5.9 trillion in assets under management. Cash Funds are available in EUR, GBP, and USD.
There are no entry or exit fees, and all the interest earned is passed directly to you.
Orders submitted before 10:30am on weekdays when the market is open are processed on the same trading day. Requests submitted after this cut-off time, or on non-trading days, will be processed on the next trading day.
Getting started takes just a few minutes. Open the Moneybase app, tap ‘Invest’, then ‘Discover’, and select ‘Cash Funds’.
Talk to experts
If you’d prefer to speak to someone first, our Financial Advisory team at Calamatta Cuschieri is available to guide you through all your investments. You can visit us at our branches in Birkirkara, Mosta, Sliema, or Fgura, or call us on +356 25 688 688 to book an appointment.
*The APY (Annual Percentage Yield) is presented as of 22/05/2026 and based on information provided by the fund manager, UBS (IRI).
The value of your investments may go down as well as up. This product may be affected by changes in currency exchange rate movements thereby affecting your investment return therefrom. The performance figures quoted refer to the past and past performance is not a guarantee or a reliable guide to future performance.
The financial instrument discussed in the document is intended for retail clients however, it may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein. Before making any investment decision please carefully examine the Key Information Documents (KIDs) available on Moneybase platform in the instrument details section.
All investment services are brought to you by Calamatta Cuschieri Investment Services Ltd (CCIS) C13729 which is licensed by the MFSA to undertake investment services business under the Investment Services Act, Cap 370. Calamatta Cuschieri Investment Services Ltd is a member of the Maltese Investor Compensation Scheme. Instruments entrusted with us are covered under the Investor Compensation Scheme Regulations.
MB and CCIS are both subsidiaries of Calamatta Cuschieri Moneybase plc with their registered address at Level 0, Ewropa Business Centre, Dun Karm Street, Birkirkara, Malta.
