We’re pleased to announce that Cash Funds on Moneybase are now same day settlement. This means that when you move money into Cash Funds you now start earning interest on the same day, and when withdrawing the money this is credited on the same day.
You can earn up to 4.54% APY on your funds, depending on the currency. The same day cut off time is 10:30am and is available for EUR, GBP and USD.
Log into Moneybase and click on the discover section, then select Cash Funds and follow onscreen instructions.
Yes, apart from being an ultra-low risk instrument, Cash Funds entrusted with us are covered under the Maltese Investor Compensation Scheme in line with the Investor Compensation Scheme Regulations and held directly with UBS.
There are no fees to enter and exit from Cash Funds, additionally we do not take any service fees from interest paid on to the Cash Funds.
We have designed our product offering to be one of the best available on the market. For instance, when comparing Cash Funds on Moneybase with Revolut’s Cash Fund offering, Revolut deduct up to 1.47% from the interest you receive by charging what they call “service fees”, whereas Moneybase do not charge any service fees. We always pass on the entire “boosted rate”, to all our customers, no exceptions! Source: https://cdn.revolut.com/legal/terms/RSEUAB-ex-ante-costs-report-MMF-EEA-v4.0.pdf
Additionally, Moneybase provides its customers with peace of mind that they are placing funds with a company that is locally regulated and covered by the Maltese Depositor Compensation Scheme. Furthermore, when placing your money in our Cash Funds offering, we hold these directly with UBS custody, a world leading fund manager.
When growing your wealth and managing your finances, Cash Funds are yet another smart tool to grow your money. Here are some of the advantages of placing your money in with our UBS Cash Funds offering.
Liquidity – Access your funds quickly and manage your cashflow effortlessly, no ties, withdraw at any time
Low risk – Cash Funds invest in high-quality, short-term instruments such as government securities that offer stability and minimal fluctuation
Daily returns – Benefit from daily compounding on your balance and earn an APY of up to 4.54%. Check the Moneybase platform for the latest figures
Zero trading fees – Ensure every cent of your investment works for you, with no brokerage fees for Cash Fund transactions on Moneybase
This is available on the instrument page on the Moneybase platform. You can locate Cash Funds on the Moneybase app by tapping on ‘Invest’ and ‘Discover’.
To get started Open or download the Moneybase App or try it on web. If you need assistance, speak to us through our in-app chat or contact us on +356 25 688 688, available 7 days a week, or visit any of our branches in Fgura, Birkirkara, Mosta and Sliema.
The same-day settlement feature applies for EUR, USD and GBP Cash Funds. If you already hold a EUR, USD or GBP Cash Fund there is no need to take any action. These funds can be sold or switched at any time no cost but will take 2 to 3 days to settle.
*The APY (Annual Percentage Yield) is presented as of 01/05/2025 and based on information provided by the fund manager, UBS (IRI). Please note that the annual interest rate changes on a daily basis and might move in an unfavourable direction. The value of your investments may go down as well as up and may be affected by changes in currency. Before making any investment decision please carefully examine the Key Information Documents (KIDs) available on Moneybase platform in the instrument details section, or contact us at any time for assistance.
All investment services are brought to you by Calamatta Cuschieri Investment Services Ltd (CCIS) C13729 which is licensed by the MFSA under the Investment Services Act. CCIS is a member of the Maltese Investor Compensation Scheme (“Scheme”). Instruments entrusted with us are covered under the Scheme in line with the Investor Compensation Scheme Regulations (S.L. 370.09).
