Make your money make money

Flexible Accounts offer a strategic approach to maximise your savings in the face of rising living costs. Available to both existing and new customers, Flexible Accounts provide complete flexibility, allowing you to top up or withdraw funds at any time (T&Cs apply). Returns are earned and paid daily, although growth is not guaranteed. Flexible Accounts invest in short-term and low volatility Money Market Funds. These type of funds invest in a diversified range of high quality and liquid money market instruments like government securities, bank obligations, commercial paper and deposits with credit institutions. They serve as an investing opportunity for customers seeking returns in line with money market rates to safeguard their money against inflation with lower expected risk compared to other investments. Historically, these funds were primarily accessible to institutional investors and typically used by corporations and banks to preserve the value of their funds.

To add money to your Flexible Account, navigate to the respective Flexible Account home page in which you want to add money. On the Flexible Account homepage: tap '+ Add money' → enter the amount → tap the 'Continue/Add Money' button. Voila! You've added money to your Flexible Account. When you add money to your Flexible Account you are making an order to buy shares for an equivalent value in a Money Market Fund of the same currency. There are no Flexible Account opening and closing charges. However, we do charge a small annual fee to cover our costs of service — we call this the 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.

The currency of each Flexible Account we offer (EUR, USD and GBP) represents a different Money Market Fund (MMF) in which you invest when adding money. The return rate varies amongst these different types of Flexible Accounts depending on the performance of the respective MMF. Each Fund has different performance and it fluctuates every day, which leads to daily changing yields that could move in an unfavourable direction. The return rate is expressed in the form of Annual Percentage Yield (APY). The APY indicates how much your money could grow if you held the investment for an entire year and the yield remained constant (which in practice does not). 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 from the fund's yield the relevant fees. Fees vary depending on the MMF, 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 principal invested in the MMF. You'll only see the returns earned reflected in your Flexible Account when the net returns amount is more than €0.01 (or respective currency). When you add money into your Flexible Account, you issue a buy order in the respective MMF and you'll start earning returns the day after it reaches the fund manager. If you submit orders before 10 am EET on a business day, your money will reach the fund manager on the same day. Otherwise, it will reach the fund manager on the next business day.

It's your responsibility to find out whether you need to pay tax on the returns you earn on your Flexible Account.Whether or not you'll need to pay tax on the returns you earn will depend on a few factors, including how much you earn and your residency. We won’t process your tax payments proactively and 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.

Money added to Flexible Accounts is invested in short-term Low Volatility Net Asset Value (LVNAV) Money Market Funds (MMFs). These actively managed MMFs invest in high-quality and liquid money market instruments (such as government securities, bank obligations, commercial paper), high-quality securitisation and asset-backed commercial paper, deposits with credit institutions, repurchase agreements, and reverse repurchase agreements. The MMFs you invest in through our Flexible Accounts 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 Account 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 MMFs of our Flexible Accounts, please refer to the Fund's Prospectus and the respective Key Information Document (KID) available on Fidelity’s website and in the Revolut app.