Maximise your Money

Flexible Cash Funds offer a strategic approach to maximising your savings in the face of rising living costs. With Flexible Cash Funds you invest in short-term and low-volatility money market funds. We provide you with an investment service of execution of orders to buy or sell shares on your behalf in the money market fund that you choose.

To add money to Flexible Cash Funds, navigate to the Flexible Cash Funds home page of the currency in which you want to add money. On the Flexible Cash Funds homepage: tap '+ Add money' → enter the amount → tap the 'Continue/Add Money' button. When you add money to Flexible Cash Funds you are making an order to buy shares for an equivalent value in a money market fund of the same currency. You are the beneficial owner of the shares that we buy on your behalf. There are no opening or closing charges for Flexible Cash Funds. However, we do charge a small annual service fee. This fee is paid for the investment service in money market funds that we provide to you, and is an ongoing charge calculated as a percentage of the value of the shares you hold in the money market fund. The service fee is calculated daily and automatically deducted from the daily returns you receive, so the APY you see in the Revolut app is already net of fees. More information on fees is available in the Flexible Cash Funds Ex-ante Costs & Charges Disclosure.

The currency of each of the Flexible Cash Funds we offer (EUR, USD, and GBP) represents a different money market fund in which you invest when adding money. The return rate varies amongst these different types of Flexible Cash Funds depending on the performance of the fund. Each fund may perform differently and fluctuate every day. This can lead to daily-changing yields that could move in an unfavourable direction. The return rate is expressed in the form of APY (Annual Percentage Yield). The APY indicates how much your money could grow if you held the investment for an entire year and the yield remained constant. The APY is updated daily in the app based on the performance of the fund on the previous day, which is provided by the fund manager. The APY is shown net of fees, meaning we deduct the relevant fees from the fund's yield. Fees vary depending on the money market fund, your subscription plan, and region. The returns you earn and the fees you pay are calculated on a daily basis by applying the APY to the amount invested in the money market fund. You'll only see the returns earned reflected in your Flexible Cash Funds balance when the net returns amount is more than €0.01 (or the respective currency). When you add money into Flexible Cash Funds, you issue a buy order in the respective money market fund and you'll start earning returns the day after it reaches the fund manager. If you submit orders before 10am Eastern European Time (EET) on a business day, your money will reach the fund manager on the same day. Otherwise, it'll reach the fund manager on the next business day.

It's your responsibility to find out if you need to pay tax on the returns you earn on Flexible Cash Funds. Whether you'll need to pay tax on the returns you earn will depend on a few factors, including how much you earn and your tax residency. We won’t process your tax payments proactively or send them to relevant tax authorities. We’ll only withhold/levy taxes to you if we’re mandated to perform that obligation to comply with relevant laws. We recommend that you seek independent tax advice to understand your obligations to tax authorities. We don't provide tax advice, and nothing in this response should be considered as such advice.

When you add money to Flexible Cash Funds you invest in a short-term LVNAV (Low Volatility Net Asset Value) money market funds. These actively managed funds invest in high-quality and liquid money market instruments (such as government securities, bank obligations, commercial paper), high-quality securitisations, and asset-backed commercial paper, deposits with credit institutions, repurchase agreements, and reverse repurchase agreements. The money market funds you invest in through our Flexible Cash Funds are sub-funds of Fidelity Institutional Liquidity Fund plc, an open-ended umbrella fund authorised by the Central Bank of Ireland -CBI- (registration number: 235175). Specifically, each Flexible Cash Funds invests in Class R Flex Distributing shares in one of the following MMF (matching with the relevant currency): The Euro Fund (ISIN IE000AZVL3K0); The USD Fund (ISIN IE000H9J0QX4); The Sterling Fund (ISIN IE0002RUHW32). The fund manager is FIL Investment Management (Luxembourg) S.A., Ireland Branch, which is authorised by the Commission de Surveillance du Secteur Financier -CSSF- (registration number CCSF: S00000593; CBI: C137514). Both entities are part of Fidelity group, one of the largest asset managers. For further information on the money market funds of our Flexible Cash Funds, please refer to the Fund's Prospectus and the respective Key Information Document (KID) available on Fidelity’s website and in the Revolut app.