Where your money gets real returns

Flexible Cash Funds are available for all Businesses on Grow, Scale, and Enterprise plans. Flexible Cash Funds aren’t available for Basic plan customers at the moment. Also, for specific reasons — like your business having multiple tax residencies — we might restrict your access to Flexible Cash Funds. You can find out more information in ourFlexible Cash Funds FAQ.

When you add or withdraw money through Flexible Cash Funds, you are buying or selling shares in a money market fund in the same currency — either EUR, USD, or GBP. Within each fund, there may be different share classes. The share class available to you is Class R Flex Distributing shares of the following short-term and actively-managed money market funds:

• The USD Treasury Fund (ISIN IE000ZEZXAJ7)
• The Euro Fund (ISIN IE000AZVL3K0)
• The Sterling Fund (ISIN IE0002RUHW32)

The USD Treasury Fund is a Constant Net Asset Value (CNAV) money market fund, which invests mostly in US Treasury obligations backed by the US Government. The Euro Fund and the Sterling Fund are Low Volatility Net Asset Value (LVNAV) money market funds, which invest in:

• High-quality and liquid money market instruments such as government securities, bank obligations, and commercial paper
• High-quality securitisations and asset-backed commercial paper, deposits with credit institutions, repurchase agreements, and reverse repurchase agreements
• Shares in other money market funds

The money market funds you invest in through our Flexible Cash Funds are sub-funds of Fidelity Institutional Liquidity Fund plc, a UCITS open-ended umbrella fund authorised by the Central Bank of Ireland -CBI- (registration number: 235175). 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). The fund manager has appointed an investment manager and delegated the fund’s portfolio's day-to-day management to FIL Investments International. All three entities are part of Fidelity International group, one of the largest asset managers. For more information on the money market funds of our Flexible Cash Funds, please read the Fund's Prospectus and the respective Key Information Documents (KID) available on Fidelity’s website and in the Revolut app. You can find out more in ourFlexible Cash Funds FAQ.

Low Volatility Net Asset Value (LVNAV) money market funds are short-term money market funds. Money is primarily invested in money market instruments, deposits, and other short-term assets. Units in the fund are purchased or redeemed at a constant price so long as the value of the underlying assets doesn't deviate by more than 0.2% (20bps). This makes yield the main factor in the fund's value. Constant Net Asset Value (CNAV) money market funds are short-term money market funds. These funds must invest mostly in government assets. Units in the fund are purchased or redeemed at a constant price rounded to the nearest percentage point. Find out more in ourFlexible Cash Funds FAQ.

Yes — you can open up to 100 Flexible Cash Funds in any of the three available currencies, with no minimum or maximum investment amounts. Each currency (EUR, USD, and GBP) represents a different money market fund. Each fund performs differently, and fees will vary depending on your plan and region. Further information can be found in ourFlexible Cash Funds FAQ.

There are no account opening and closing charges. However, we do charge a small service fee to cover our costs of service, which is automatically deducted from the daily interest you accrue. The Ex-ante Costs and Charges Disclosure can be found in the Savings & Funds under the section Regulatory documents. It’s your responsibility to find out whether you need to pay tax on the returns you earn on your Flexible Cash Funds. We won’t process your tax payments proactively and send them to relevant tax authorities. We’ll only withhold or levy taxes to you if we’re mandated to perform that obligation to comply with relevant laws in certain jurisdictions. You should seek independent financial advice if you have any questions. We don’t provide tax advice. Further information can be found in ourFlexible Cash Funds FAQ.

APY stands for ‘Annual Percentage Yield’, and represents the return on investments net of fees, i.e. the return you'd earn on an amount of money invested in the money market fund (through Flexible Cash Funds) assuming a holding period of 12 months if the rate remained constant (which in practice varies daily). The APY varies by fund based on the performance as well as by plan and region depending on the fees. More information on APYs and fees per subscription plan are available inthe Ex-ante Costs & Charges Disclosure.