Anyone else seeing 4.2% interest on EUR? Is this a mistake?

[nishan]

@wrennelson143 Why use T212 as an intermediary when you could just buy a MMF fund yourself? Doing it this way seems to add an extra middleman, and probably extra risk, and I can't see the benefit of it

 

[marvinhowell]

@nishan Good point. Do you know which ones offer the same rates?

 

[squeakyrn]

@marvinhowell You can give a look into CHS2 or XEON

 

[celticsong22]

@squeakyrn Do you know how to se the X-day averaged yearly return of CAH2 or XEON?

 

[sam1]

@celticsong22 Also curious about this. I thought MMFS like XEON try to replicate the euro short term rate, which is 3.9% right now. But if it's 4.2 at Trading212 I'm not sure

 

[wrennelson143]

@sam1 Exactly this. Actually I own XEON on trading 212 and some things that are noteworthy: this is an exchange traded product so 1. the price fluctuates a bit; 2 there’s some spread; 3; they handle taxes their own way

 

[live4christ2016]

@wrennelson143 An MMF always invests in term deposits/ultrashort bonds, t-bills and so on. Remember this is a short term parking spot for your cash reserve I would say max 6M.

 

[timtebowiscool15]

@coffeegrinder So not that trustworthy?

 

[jesusis0ne77]

@wrennelson143 I like the 4.20 part. Financial memeing is the best memeing

 

[wrennelson143]

@jesusis0ne77 My man

 

[frequencydx]

@jesusis0ne77 what does it mean, if someone deposit 2000 euro, then he can earn 84 euro daily? as app shows earn daily

 

[rgarber]

@frequencydx Nooo, you in a year you will earn 84€. However the interests are paid daily, so you will receive per day 84€/365= 0.23 cents

 

[lisek]

@wrennelson143 Wow Same here! 4.20% EUR and even 5.1% on USD now.

 

[giilife]

@lisek Where do you get the USD rate?

 

[celticsong22]

@wrennelson143 OP's account has been heavily promoting trading212. I would advise viewing the post as an ad rather than from an unbiased investor.

 

[thundertongue]

@celticsong22 This

 

[uniquefuaxreal]

@wrennelson143 4.20% is the current interest rate according to https://www.trading212.com/terms/invest, so it seems to be correct.

 

[squeakyrn]

@wrennelson143 ALso have 4.2